Broker Compensation Manager, EMEA

Broker Compensation Manager, EMEAThe 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 Broker Compensation Manager sits within the Business Unit Control team and will be responsible for the end-to-end management, reporting, and delivery of the Broker Compensation process across all brands and asset classes within the EMEA region. This role combines technical accounting, operational oversight, and process improvement, with a strong emphasis on driving efficiency, enhancing reporting, and ensuring robust balance sheet substantiation.The successful candidate will lead a team of compensation specialists, partner closely with Finance, IT, and Front Office stakeholders, and play a pivotal role in advancing automation initiatives to strengthen controls, reduce manual dependencies, and provide strategic insights to senior leadership. Key Responsibilities Team Leadership & Oversight Manage and supervise the EMEA Broker Compensation team, including setting performance objectives, providing coaching and training, and delivering regular reporting. Foster a culture of accountability, collaboration, and continuous improvement within the team.Broker Compensation Management Oversee the end-to-end Broker Compensation process across all brands and asset classes. Calculate and account for variable broker bonuses in line with contractual agreements. Manage distribution of compensation statements to Front Office and Payroll in accordance with payment cycles. Calculate and record broker equity deferrals, ensuring compliance with relevant policies.Process Improvement & Automation Lead the Broker Compensation automation project to enhance efficiency, strengthen controls, and reduce risk. Collaborate with Finance, IT, and Business stakeholders to design and implement sustainable solutions. Ensure all processes are clearly documented, regularly reviewed, and continuously optimised.Financial Control & Reporting Coordinate preparation and review of balance sheet reconciliations, ensuring full substantiation of the general ledger. Reconcile balances to underlying calculations and supporting documentation. Provide analysis and insights on Front Office Broker Compensation by business line and entity, supporting senior stakeholders with actionable intelligence.Budgeting & Forecasting Contribute to the preparation of annual budgets and forecasts for P&L and balance sheet. Analyse key changes in broker compensation and provide clear commentary to Finance and the Business.Risk & Compliance Ensure an effective risk and control framework is embedded within processes. Maintain adherence to Group Accounting Policies and the Expenditure Control Framework. Support the year-end audit process, ensuring timely provision of high-quality documentation and explanations.Stakeholder Engagement Build strong working relationships across Finance, Front Office, IT, and other business stakeholders. Act as a trusted partner, providing clear communication and expert guidance on compensation-related matters. Experience & Competencies Essential Qualified Accountant (ACA, ACCA, CIMA) with significant post-qualification experience. Proven track record within the financial services sector, ideally in broker-dealer, trading, or capital markets environments. In-depth knowledge of control frameworks and balance sheet substantiation. Demonstrated leadership experience with the ability to manage, mentor, and develop high-performing teams. Advanced proficiency in Excel and financial applications such as Oracle, SmartView/ASO, Hubble, or OneStream. Proven experience delivering system and process improvements, particularly in automation and control enhancement. Demonstrated analytical and problem-solving skills with meticulous attention to detail. Excellent written and verbal communication skills, with the ability to engage stakeholders at all levels. Highly organised, resilient, and adaptable, with the ability to manage multiple priorities in a fast-paced environment. Desired Direct experience in broker compensation or variable pay accounting. Familiarity with compensation deferrals, equity schemes, and related regulatory requirements. Proven commercial acumen and ability to link financial insights with business performance. Experience in leading large-scale transformation projects within Finance or Operations. Exposure to international environments, with an appreciation of regional differences in compensation practices. Band & Level Manager / 6 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 - 135 Bishopsgate - London Connecting clients, communities and colleagues for sustainable growth TP ICAP connects people, platforms, ideas, and insight across the world's financial, energy and commodities markets. As a global leader in market infrastructure and data-led solutions, we enhance market access, increase efficiencies, and unlock possibilities. Work with us Joining TP ICAP puts you at the heart of markets that matter.You'll have the freedom to innovate and act on your initiative. We'll train you and build your abilities in your specialist area, so that you can become an expert in your field. And all within a connected network that's there to set you up for success.TP ICAP Group is a collection of premium brands each with a distinct, client-focused offering. Underpinning and connecting these client-facing brands is the financial security, operational strength and know-how we have as a Group.Connections are at the heart of what we do. We combine our people's know-how with the latest technology to improve price discovery, trade execution and liquidity flow.Connections create strength. Through them, we help our clients to manage risk, realise investment strategies and expand the scope for growth.And connections act as a catalyst. Sparking richer solutions for our clients to break new ground, modernising markets for future performance, and creating dynamic careers for our people. Our capacity to connect builds trust, supports communities and gives us the power to anticipate and respond to change, whatever direction the world takes. It's what makes TP ICAP a mainstay in the global markets, now and in the future.TP ICAP. We connect.