Senior Non-Financial Risk Analyst

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About the London Metal Exchange

The London Metal Exchange (LME) is the world centre for industrial metals trading. Most of the world’s global non-ferrous futures business is conducted on the LME’s three trading platforms totalling $18 trillion, 178 million lots and 4 billion tonnes with a market open interest high of 1.8 million lots in 2024.

The metals community uses the LME, an HKEX Group company, as a venue to transfer or take on price risk, as a physical market of last resort and as the provider of transparent global reference prices.

Risk Policy and Framework

The Senior Non-Financial Risk Analyst shall work closely with their 1st line of defence colleagues to proactively identify, assess, monitor and report on risks. They must effectively monitor, oversee and challenge the 1st line to ensure risks remain within risk appetite, and establish effective reporting processes. They shall be assigned to specific 1st line teams to develop and shape their respective risk profiles. 

Responsibilities

• Work collaboratively with 2nd line of defence financial and non-financial risk colleagues to facilitate delivery of LME Group’s Enterprise Risk Management Framework.

• Work closely and cooperatively with both the 1st and 3rd line of defence, to ensure that non-financial risks, incidents and issues are identified, assessed, reported and managed appropriately.

• Provide 2nd line oversight and challenge into LME Group’s incident management process.

• Lead and manage the LME and LME Clear’s annual stress testing and risk capital exercises, including the scenario generation and evaluation exercise with senior stakeholders.

• Facilitate discussions with senior stakeholders on emerging risks. Provide 2nd line challenge and generate updates to present to the Executive Risk Committee on an ad hoc basis.

• Present key updates from various risk reports to relay risk intelligence as required to the Executive Risk Committee.

• Provide support and training to staff on their risk obligations, including weekly induction sessions and risk awareness programme initiatives.

• Work with the HKEX Group colleagues to ensure consistency of the LME risk programme with HKEX Group policies and procedures.

• Provide administrative and technical assistance to 1st line colleagues on the GRC (Governance, Risk and Compliance) tool.

• Provide 2nd line oversight and challenge into the effective management of third-party service providers for LME and LME Clear to ensure protection of their important business services (IBSs).

Qualifications Required

• University Degree.

• Professional risk qualification (or studying towards) would be beneficial (e.g. Institute of Risk Management).

Preferred Knowledge and Experience

• Strong level of experience of working in an Enterprise Risk function within a Financial Services company.

• Understanding and experience of complex systems.

• Ideally, the successful candidate will have experience of working within an Exchange or Clearing House.

• Understanding of the latest regulatory standards for operational and enterprise risk.

Skills Required

• Strong and confident communicator both verbally and in written form. The successful candidate will need to have strong influence across the organization and will need to communicate complex risk problems to senior management.

• Good judgment and clear decision-making ability.

• Strong interpersonal skills.

• Ability to explain complex issues to wide range of audiences.

• Ability to confidently consider options and develop risk mitigations.

The LME is committed to creating a diverse environment and is proud to be an equal opportunity employer. In recruiting for our teams, we welcome the unique contributions that you can bring in terms of education, ethnicity, race, sex, gender identity, expression & reassignment, nation of origin, age, languages spoken, colour, religion, disability, sexual orientation and beliefs. In doing so, we want every LME employee to feel our commitment to showing respect for all and encouraging open collaboration and communication.