Settlements Team Lead

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.

Founded in London in 1866, the Group operates from more than 60 offices in 27 countries. We are 5,200 people strong. We work as one to achieve our vision of being the world's most trusted, innovative, liquidity and data solutions specialist.

Role Overview

The Settlements team plays a critical role in supporting multiple Fixed Income and Cash Equity broking desks across EMEA. We manage a variety of middle-office settlement tasks to ensure timely and accurate trade matching within a controlled environment.

Our team settles principal bond, equity, and money market instruments (including CDs, Commercial Paper, and notes) via Euroclear and across 30+ domestic markets using an agent bank network (BNY Mellon, BNP Paribas, Deutsche Bank, etc.). As a matched principal business (buys and sells are exactly matched), we operate without a trading position or portfolio, minimizing risk exposure. The team also handles stock loan processing, corporate actions (such as coupon and dividend payments), and nostro/depot reconciliations.

We aim to ensure all trades are matched and settled on time, with zero cost to the company, given the large trade sizes and associated risks. While most team members work 08:00–17:00, we operate a limited shift rota to provide coverage from 07:00 to 20:00 for US settlements.

Role Responsibilities

• Lead and inspire a sub-team within Settlements, fostering collaboration and accountability.
• Motivate team members to maintain high standards of business-as-usual (BAU) operations.
• Support management with performance reviews, one-to-one meetings, and team development.
• Act as an escalation point for your sub-team and ensure timely resolution of issues.
• Monitor operational performance against SLAs and regulatory standards.
• Oversee implementation of regulatory and business changes within the Settlements function.
• Ensure adherence to processes, procedures, and governance across the team.
• Provide support for internal and external audits.
• Collaborate with Technology teams on system enhancements, including UAT and post-release support.
• Contribute to projects and initiatives that drive continuous improvement.
• Perform additional duties as required to meet business needs.

Experience / Competencies

Essential

• Strong attention to detail, organizational skills, and a proactive mindset.
• Ability to analyze complex issues and deliver effective solutions.
• Resilience and adaptability in high-pressure environments.
• Excellent written and verbal communication skills, with the ability to tailor messages for different audiences.
• Proven experience in financial markets and operational roles within settlements.
• Demonstrated ability to lead, mentor, and develop team members.
• Experience managing workloads, prioritizing resources, and succession planning.
• Skilled in Microsoft Office applications (Word, Excel, PowerPoint, Outlook).
• Understanding of risk management and control frameworks.
• Track record of driving process improvements and implementing change.

Desired

• Familiarity with TP ICAP's brand, structure, and in-house systems.
• Experience working in a global organization with diverse teams.
• Knowledge of corporate actions and stock loan processing.
• Exposure to project work and technology-driven initiatives.
• Commitment to fostering an inclusive and collaborative team culture.

Band & Level

• Professional / 5

Not The Perfect Fit?

Concerned that you may not meet the criteria precisely? At TP ICAP, we wholeheartedly believe in fostering inclusivity and cultivating a work environment where everyone can flourish, regardless of your personal or professional background. If you are enthusiastic about this role but find that your experience doesn't align perfectly with every aspect of the job description, we strongly encourage you to apply. You may be the ideal candidate for this position or another opportunity within our organisation. Our dedicated Talent Acquisition team is here to assist you in recognising how your unique skills and abilities can be a valuable contribution. Don't hesitate to take the leap and explore the possibilities. Your potential is what truly matters to us.

Company Statement

We know that the best innovation happens when diverse people with different perspectives and skills work together in an inclusive atmosphere. That's why we're building a culture where everyone plays a part in making people feel welcome, ready and willing to contribute. TP ICAP Accord - our Employee Network - is a central to this. As well as representing specific groups, TP ICAP Accord helps increase awareness, collaboration, shares best practice, and holds our firm to account for driving continuous cultural improvement.

Location

UK - City Quays - Belfast