Risk Manager

Full Job Description

The ForexClear Business Risk team sits within the 1st line Risk team in ForexClear. The team is responsible for 1st level risk management and reporting, including monitoring of all aspect of market risk for ForexClear. The team is a hybrid of a traditional 1st line risk role as well as operations with a high level of involvement in client queries. The team is the first point of escalation for members, clients, trade sources and has the ultimate responsibility of ensuring a positive experience of LCH is provided in respect to the ForexClear service.

The team works closely with all internal and external stakeholders. The team is responsible for monitoring the integrity o f the clearing platforms as well as the risk in the service. The team also oversees the BAU schedule and trade life-cycle events such as margin runs, portfolio compression, NDF fixings, trade settlement and portfolio transfers, covering the ForexClear service. The global team is the primary gate-keeper for the production environment and is responsible for incident management, troubleshooting and working closely with the change function to improve the existing platform, applying a Continuous Improvement approach to its process and control environment. The Business Risk team is the first line of defence against operational risk, and is responsible for the close scrutiny of KRIs and for highlighting emerging risk in conjunction with 2nd and 3rd line risk functions within LCH.

Role Description

This is an exciting opportunity for a manager to join an expanding Risk team, taking a leading role in ensuring a high standard of adherence to all day to day duties set out by local and global management. Leading the daily monitoring of the Risk in the ForexClear Service and reviewing accuracy of the risk model and requires strong data analysis skills. There are significant exposure to senior management the role would suit a highly motivated candidate with 5 years of experience in Risk Management. The role is also a highly visible across the company, working closely with broader Risk, Technology and the wider Business areas (Sales, Product, PMO, COO), and will require working closely with external partners such as IHS Markit, Traiana, and CLS, a key participant in the FXO service. The team runs a shift rotation as follow-the-sun model to ensure the smooth handover of responsibilities between Sydney, London and New York teams.

Role Responsibilities

Technical/Analytical

• Oversee operational processes such as trade receipt, NDF trade fixings, margin runs and margin calls and look to provide opportunities for automation
• Use MS Excel / Python to streamline processes and implement tactical solutions to enhance the control framework
• Gain strong understanding of margining and liability calculation
• Monitor execution of operational processes such as trade receipt, NDF trade fixings, market prices validation, margin runs and margin calls. Provide analysis and validation when required.
• Continuous monitoring of risk exposures. Understanding our risk management methodologies include initial margin model, stress testing and margin addons.
• Ensure the accuracy and effectiveness of data sources, pricing methodologies and curve building methodologies.
• Ensure that measures of liquidity and market behaviour are in place to quantify potential risks.
• Ensure that policies and procedures are applied consistently across products regardless of trade source of origin.
• Carry out and take responsibility for all aspects of the daily checklist, escalate any deviation from the schedule .
• Execute post-execution events such as portfolio transfers and compression activity.

Communication /Presentation Skills

• Liaise with key stakeholders (both written and oral) to ensure member/client/matcher queries are resolved in a timely fashion and to a high standard
• Present issues and explanations to management (both written and oral)
• Demo key service functionality/offerings, as well as other member/client training requests

Client Management: Internal / External

• Build strong relationship with 2nd Line Risk function.
• Build and maintain strong relationships with our member, client, middleware and SEF communities
• Escalation point for issues in the Production environment

IT Systems

• Proactively monitor the performance of the production service and work with IT support to facilitate issue resolution, analyse problem root causes and communicate with members regarding issues and system outages.

• Participate in relevant UAT and quality gate exercises line releases in preparation for production releases
• Daily use of Murex, Middleware systems, and a range of in-house applications

Projects/Non-BAU

• Partake in additional project work, to enhance the operational environment as well as support the business

Regulatory/Member Reporting

• Daily and Periodic Regulatory Reporting submissions, reconciliations and trouble-shooting across the jurisdictions we are obligated to report in
• Oversight of systematic processes and management of manual elements to guarantee adherence to regulatory and Member reporting SLAs

Candidate Profile / Key Skills

Working Experience

• Experience in Market Risk Management in investment bank, CCP or similar financial organisation

Education

• Degree qualified in a Business, Financial or similar and relevant discipline or equivalent

Technical Skills

• Excellent knowledge of the full NDF/FXO product life cycle
• Excellent understanding of Risk management techniques.
• Knowledge of central clearing and the FX OTC bilateral market
• Excellent analytical, numerical and problem solving skills, with good attention to detail
• Ability to establish and maintain excellent relationships at all levels internally/externally
• Excellent computational skills such as MS Excel VBA programming and Python experience

Soft Skills

• Excellent communication skills, both oral and written
• Proactive and driven
• Able to manage workload/priorities for themselves and the team, and ability to work to deadlines
• Comfortable being a key point of contact for senior management across departments and engage with Senior stakeholders

LSEG is a leading global financial markets infrastructure and data provider. Our purpose is driving financial stability, empowering economies and enabling customers to create sustainable growth.

Our purpose is the foundation on which our culture is built. Our values of Integrity, Partnership , Excellence and Change underpin our purpose and set the standard for everything we do, every day. They go to the heart of who we are and guide our decision making and everyday actions.

Working with us means that you will be part of a dynamic organisation of 25,000 people across 65 countries. However, we will value your individuality and enable you to bring your true self to work so you can help enrich our diverse workforce. You will be part of a collaborative and creative culture where we encourage new ideas and are committed to sustainability across our global business. You will experience the critical role we have in helping to re-engineer the financial ecosystem to support and drive sustainable economic growth. Together, we are aiming to achieve this growth by accelerating the just transition to net zero, enabling growth of the green economy and creating inclusive economic opportunity.

LSEG offers a range of tailored benefits and support, including healthcare, retirement planning, paid volunteering days and wellbeing initiatives.

We are proud to be an equal opportunities employer. This means that we do not discriminate on the basis of anyone's race, religion, colour, national origin, gender, sexual orientation, gender identity, gender expression, age, marital status, veteran status, pregnancy or disability, or any other basis protected under applicable law. Conforming with applicable law, we can reasonably accommodate applicants' and employees' religious practices and beliefs, as well as mental health or physical disability needs.

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