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Job Description

The TP ICAP Group is a world leading provider of market infrastructure.

Our purpose is to provide clients with access to global financial and commodities markets, improving price discovery, liquidity, and distribution of data, through responsible and innovative solutions.

Through our people and technology, we connect clients to superior liquidity and data solutions.

The Group is home to a stable of premium brands. Collectively, TP ICAP is the largest interdealer broker in the world by revenue, the number one Energy & Commodities broker in the world, the world's leading provider of OTC data, and an award winning all-to-all trading platform.

The Group operates from more than 60 offices in 27 countries. We are 5,300 people strong. We work as one to achieve our vision of being the world's most trusted, innovative, liquidity and data solutions specialist.

About Parameta Solutions:

Parameta Solutions, the data and analytics division of inter-broker dealer TP ICAP, is a leading global provider of OTC Market Data. From pre to post trade, their solutions help clients manage complex markets more effectively.

In May 2022, the firm became an FCA authorized benchmark administrator. This license has allowed the company to take on administration of the nine TP ICAP interest rate swaps benchmarks that were previously administered by Moorgate Benchmarks. In April 2023, the firm was also approved as an ESMA authorised benchmark administrator, making it the first IDB to administer OTC benchmarks and indices across Europe AND the UK.

Central to Parameta's purpose is partnering with clients to create true value. The team is focussed on helping clients navigate changing market conditions, not only by providing world-class proprietary data but also the analysis and insight that will fuel their strategies.

Role Overview:

The Data Compliance Officer (Auditor) is a critical function to ensure that data revenues are verified through client audits/reviews and that any under licensing and under reporting is identified and validated. Protection of Intellectual Property is a primary risk for Parameta Solutions. The objective of the Data Compliance team is to ensure all clients receiving TP ICAP data are audited regularly.

Role Responsibilities:

• Perform Data audits both on site (where required) and remotely independently at Channel Partners/Re-distributors, Contracted Parties and Subscriber Firms using best practice and in accordance with relevant agreement terms
• Prepare accurate and detailed Audit analyses and reports within short timescales for presentation to the audited parties and internally
• Maintain and develop good client working relationships with effective communication and using a collaborative approach
• Work with the third party auditors to improve and advance their audit processes and verify or challenge their results and provide any required feedback to facilitate settlement of any under licensing/under reporting of Data
• Effectively plan and conclude audit work to ensure that individual and the team's targets are met
• Maintain audit status management reporting tools current with timely updates
• Extend update and document acquired audit knowledge and contribute to new audit policies
• Document audit processes and procedures and auditing information and communicate to other team members
• Provide feedback from client audits to help with the commercial strategy from a data compliance perspective
• Assist with reporting requirements from vendors and other customers to minimise and eliminate data leakage
• Contribute to audit strategies, knowledge transfer and standardisation of audit processes for best practice
• Assist with reviews of internal systems to minimise data leakage
• Act with integrity and due skill and care and diligence carrying out duties
• Other duties where required

Experience / Competences:

• Audit best practice knowledge or understanding
• Financial Services Industry knowledge preferred
• Knowledge of what market data is and how it is used in trading environment including middle and back office functions helpful
• Intermediate knowledge of Excel functionality
• Demonstrated analytical ability and problem solving skills
• Ability to interpret contractual terms and extract relevant clauses
• Proven communication skills, both written and verbal
• Team player but also able to work independently
• Constructively handles disagreements to reach a resolution, keeping calm and in control in difficult situations
• Ability to work with diverse groups/ personalities and keep to tight deadlines
• Can demonstrate achievement of financial targets
• Can demonstrate a high level of attention to detail and project management experience
• Experience in compliance role including audit settlement discussions with clients
• Experience of writing up audit results for quick and easy comprehension
• Experience of Data distribution systems, platforms, entitlement systems, and applications using data would be helpful.

Company Statement:

The TP ICAP Group is committed to promoting Equality and Diversity and encouraging a culture that actively values difference. It is recognised that employees from different backgrounds and experiences can bring valuable insights to the work environment and enhance the way we work. TP ICAP aims to create a positive, cohesive and inclusive culture, where diversity is valued, respected and built upon. The objective is to recruit and retain a diverse workforce that reflects the global markets in which we work.

TP ICAP is also committed to ensuring that the backgrounds, beliefs and cultures of all its employees are respected and to ensuring that the working environment is free from discrimination, harassment, bullying or any other conduct which causes an employee's suffering. The Group also is committed to encouraging diversity amongst its current workforce and candidates.

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Location

UK - 135 Bishopsgate - London

Job ID R1421