Quantitative Risk Senior Analyst

The CRO function:

The role sits within the Market Risk team within the CRO function. The CRO function is responsible for independently monitoring and assessing all risks in LCH Ltd against the standards set out by the LCH Ltd Board in the Risk Governance Framework and reporting their findings to the LCH Ltd Board, Risk Committee, TSR and Audit Committee.

Specifically, the CRO function is responsible for:

• Establishing and maintaining risk policies for LCH Ltd to define the expected standards for risk management in detail for all enterprise risks (including financial, resilience and corporate risks)
• Establishing and maintaining a framework for monitoring and reporting on business performance against the defined standards; implementing standards by challenging the ‘first line’ where necessary 
• Reviewing and approving any new product proposals, new member applications, policy reviews, action closure memoranda, serious incident reviews, issue escalation, new jurisdictions, new collateral requests, model changes and parameter updates via the Executive Risk Committee (ERCo) and its sub-committees the Resilience Committee (ResCo) and the Financial Risk Working Group (FRWG)
• Providing assurance to regulators in the relevant jurisdictions that regulatory standards in relation to Risk Management are being met on an on-going basis 

The CRO function aims to develop a strong, diverse team of technically skilled, dedicated risk management professionals, to provide exceptional career development opportunities and a stimulating, challenging working environment.

The Market Risk Team:

The Market Risk team specific responsibilities include:

• Responsible for monitoring, assessing, reporting and managing market risk, liquidity risk, investment risk, model risk, procyclicality risk and settlement risk across all LCH Ltd business divisions (SwapClear, Listed Rates, ForexClear, RepoClear, EquityClear and CaLM).

• Quality control (provides challenge) for all first line new product and model and parameter changes. 
• Monitoring risk model performance across all services by analysing backtesting and procyclicality statistics.
• Maintaining relevant financial risk policies (e.g. Financial Resources Adequacy Policy); regularly review policy wordings and compliance with policies.
• Engage with regulators, including within regular thematic reviews or Supervisory Stress Testing exercises.

Key responsibilities of the role:

As Quantitative Risk Senior Associate within the Market Risk team of the LCH Group Risk Department (CRO function), the role reports into and supports the Lead of Quantitative Analysis with risk models, stress testing and economic capital. The role covers all clearing services in LCH Ltd (SwapClear, Listed Rates, ForexClear, RepoClear and EquityClear) and CaLM.

Specific responsibilities include:

• Monitoring risk model performance across all services, for example using backtesting, procyclicality and Kupiec statistics
• Review and challenge risk methodologies for all first line new products and model changes
• Participation in the Model Working Group – forum for advanced quantitative topics among LCH quants
• Maintain Economic Risk Capital Model and reporting
• Review changes to stress testing framework; conducts reverse stress testing analysis
• Acts as a quantitative risk expert in support of all other risk managers in the team
• Establishes and maintains analytical tools to enable risk analysis
• Build strong working relationships with internal colleagues, both within the Market Risk team and wider CRO department, and other internal teams such First Line Risk teams.

Experience and skills required:

Work experience

• Strong experience working in a quantitative risk function within a financial services organisation
• Good understanding of the central clearing business, with demonstrated experience of quantitative analysis in at least one of the LCH Ltd asset classes

Technical skills

• Strong domain expertise, including technical knowledge of risk management techniques such as Value at Risk and Stress Testing
• Advanced Excel and programming competency, in particular VBA, SQL, R/Python.

Soft skills

• Highly motivated and results orientated with good organisational skills; ability to multi-task, prioritise and work to deadlines.
• Ability to produce clear, well-structured documentation explaining quantitative methodologies.
• Proactively anticipates problems and takes action rather than waiting to be told what to do, balanced with good judgment in terms of conveying information to others including more senior colleagues, and knowing when to escalate a problem.
• Good interpersonal skills - in particular communication and collaboration – understands the needs and preferences of the team and key partners.
• Demonstrates ability to adjust communication to the level of knowledge of the recipient in order to influence
• Ability to work well as part of a team, as well as work independently, shows a positive mentality about own work and that of the wider team.

Education:

• Master’s degree level (or equivalent experience) in a numerical, scientific, or financial subject area (e.g., mathematics, statistics, physics, engineering, or quantitative finance).

Join us and be part of a team that values innovation, quality, and continuous improvement. If you're ready to take your career to the next level and make a significant impact, we'd love to hear from you.

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.

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You will be part of a collaborative and creative culture where we encourage new ideas. We are committed to sustainability across our global business and we are proud to partner with our customers to help them meet their sustainability objectives. Our charity, the LSEG Foundation provides charitable grants to community groups that help people access economic opportunities and build a secure future with financial independence. Colleagues can get involved through fundraising and volunteering.

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

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