Broker Compensation Manager

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 5,500 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

This role is within the Business Unit Control team and will be responsible for assisting in the delivery of the Broker Compensation process flows and reporting. This role will have a primary focus on the calculation, accounting and payment of broker bonuses, helping to drive process efficiencies and substantiation of the Balance Sheet.

Role Responsibilities

• Support the end-to-end Broker Compensation process for assigned asset classes, including:
  • Prepare bonus accrual calculations based on employment contracts, subject to Manager review
  • Coordinate distribution of bonus statements and ensure timely payroll submissions
  • Assist in calculating and recording Broker Equity deferrals
• Perform initial review of Broker Compensation outputs and ensure completeness and accuracy before Manager sign-off
• Support balance sheet reconciliations and investigate variances, ensuring alignment with underlying calculations
• Contribute to process documentation and ensure updates are maintained and reviewed periodically
• Actively support automation initiatives by identifying inefficiencies and providing input on process improvements
• Assist in budget and forecast preparation by providing data inputs and variance analysis
• Ensure adherence to established controls and escalate any risks or issues identified
• Support audit requests by preparing documentation and responding to queries
• Coordinate with Finance teams and stakeholders to ensure timely and accurate delivery of outputs

Experience / Competences

• CPA or Part-qualified or qualified accountant (ACA, ACCA, CIMA) with min. 5 years of experience.
• Experience in financial services or similar environment preferred
• Strong analytical and reconciliation skills
• Good organizational skills with ability to manage multiple deliverables
• Effective communication skills, with ability to engage with stakeholders
• Proactive and solution-oriented mindset
• Intermediate to advanced proficiency in Excel and finance systems (e.g., Oracle, Hubble, SmartView)
• Basic understanding of control frameworks and risk management
• Strong attention to detail and accuracy

Job Band and Level

Manager, 6

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.

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