Senior Risk Analyst

Posted 8 May by eFinancialCareers
Competitive salary
London , South East England
Permanent, full-time
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LSEG (London Stock Exchange Group) is more than a diversified global financial markets infrastructure and data business. We are dedicated, open-access partners with a commitment to excellence in delivering the services our customers expect from us. With extensive experience, deep knowledge and worldwide presence across financial markets, we enable businesses and economies around the world to fund innovation, manage risk and create jobs. It's how we've contributed to supporting the financial stability and growth of communities and economies globally for more than 300 years!

The ForexClear Business Risk team sits within the 1st line Risk team in ForexClear. The team is responsible for 1st level risk management and risk reporting, including monitoring of all aspect of the run of the ForexClear service.

The team is in charge of the run of the service with a high level of involvement in client queries. The team is the first point of escalation for members and clients 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 partners.

The team leads all aspects of the daily schedule and trade life-cycle events such as valuation and margin run, market data validation, portfolio compression, FX fixings, FX settlement and other market operations covering the ForexClear service.

The team is global with presence in Australia and US, and is working closely with the change function to improve the existing platform, applying a Continuous Improvement and automation approach to its process and control environment.

The Business Risk team is the first line of defence against risk, and is responsible for the close scrutiny of key risk indicators 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 Senior Analyst to join an expanding Business Risk team, ensuring a high standard of adherence to all day to day duties set out by local and global management. Take a leading role in the daily monitoring of the Risk in the ForexClear Service and reviewing accuracy of the risk model and demonstrating strong data analysis skills.

There are significant opportunities for exposure to senior management, the role would suit a highly motivated candidate with a strong interest in Risk Management and FX products. 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 CLS.

Key responsibilities of the role:

Risk monitoring
  • Continuous monitoring of risk exposures. Review of risk methodologies include initial margin model, stress testing and margin addons.
  • Ensure the accuracy and effectiveness of data sources, pricing methodologies and curve building methodologies.
  • Develop a strong understanding of margining and liability calculation including VaR models and FX Pricing for NDF, NDO, FWD and FXO.
  • Ensure that measures of liquidity and market behaviour are in place to quantify potential risks.
  • Enhancement of daily processes and MI reporting using Tableau data visualisation.
  • 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.
  • Ensure that policies and procedures are applied consistently across products regardless of trade source of origin.


Operational
  • Carry out and take responsibility for all aspects of the day to day monitoring of the service, escalate any deviation from the schedule.
  • Carry out post-execution events such as portfolio transfers and compression activity.
  • Complete operational processes that are not yet automated such as trade receipt, NDF trade fixings, margin runs and margin calls and look to provide opportunities for automation.
  • Analyse data from automated processes to ensure strong controls and exception monitoring in place.


Communication /Presentation Skills
  • Liaise with key collaborators (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 and maintain strong relationships with our member and clients Assist handling queries with technology and middleware/SEF communities.
  • Build strong relationship with 2nd Line Risk function.
  • Escalation point for issues in the Production environment. Advise and monitor business impact resulting from an incident.


IT Systems
  • Proactively monitor the performance of the ForexClear service and work with IT support on issue resolution, analyse business impact and communicate with clients.
  • 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
  • Use MS Excel / Python to streamline processes and implement tactical solutions to enhance the control framework


Projects/Non-BAU
  • Partake in additional project work, to enhance the operational environment as well as support the business
  • Early engagement in project deliveries following Agile methodology (Design and demo sessions)


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


Experience and skills required:

Working Experience
  • 2 Years experience in Market Risk Management in investment bank, CCP or similar financial organisation an advantage


Education
  • Degree (or equivalent experience) qualified in a Business, Financial or similar and relevant subject area.


Technical Skills
  • Understanding of Risk Models
  • Basic understanding of FX product life cycle
  • Basic understanding of Risk management techniques.
  • Some knowledge of central clearing and the FX OTC bilateral marketExcellent analytical, numerical and problem
    •

    Reference: 52608634

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