Risk Manager, FLR RepoClear, EquityClear, CaLM
New York, NY 
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Posted 3 days ago
Job Description

Part of the London Stock Exchange Group (LSEG), LCH is a leading clearing house, serving major international exchanges and platforms, as well as a range of OTC markets. In particular, LCH is a leading CCP in Equity and Repurchase agreement (Repo) businesses, providing clearing services for most European Government debts (refinancing/repo transactions) and Equities trading venues (Exchanges and MTFs).LCH works closely with market participants to identify and develop innovative clearing solutions.

The role sits within the RepoClear, EquityClear and Collateral and Liquidity (CALM) In-Business Risk Team. This is a first line risk role within the business risk team. The First line risk team is responsible for the day-to-day Risk Management of the exposures from our clearing members. The role is divided into two responsibilities, project work and assistance on daily risk management tasks. The role will be split equally between both areas.

Key responsibilities:
  • BAU margin processing and SME support - Day-to-day validation of any suspect incoming market data. This mostly revolves around Bloomberg/Reuters interrogation/validation. In addition, SME duties are required as a middle agent between technology and the business.

  • Margin Management - Responsibility for end to end margin management

  • Risk Management Responsibilities - Responsible for the generation of daily, weekly, monthly risk reports, ad-hoc risk management tasks including default management. Limit monitoring, Market and static data management related to Risk Management.

  • Project work and SME input and implementation of Market Data and Risk related change/projects - Significant involvement is required for any development relating to instrument data or validation changes.

  • Analysis of the clearing data to look for trends and new business opportunities for LCH.

  • Validation should be algorithmic and the role of the analyst would be to automate most of the tasks for both existing and new market and static data.

  • Default Management tasks, liquidity risk management

  • Documentation of methodologies and procedures

  • Risk Governance presentations

  • Intraday and End of Day validation of market and static data in line with the parameters prescribed via the risk managers.

  • Monitoring of controls relating to the aforementioned data

    • Low number of incidents relating to control failure being the key KRI.

    • Swift resolution of actions relating to incidents which impact Data Analytics. E.g., implementation of additional controls or adjustments to existing ones.

    • Define controls around the market data input (including statics) for the Margin in RCL

  • Acting as central point of contact between IT/App Support teams and business with relation to instrument data.

  • Key SME for project work in IT; or business such building benchmark validation and pricing curves for bonds in RCL and CaLM. The projects will be related to validation of instrument data used in the margin calculation for FI, or pricing position in CaLM.

  • Responsible for UAT of instrument data projects where a validation interface occurs.

  • Responsible for automation/development of automation tools of existing processes within Data Analytics. This includes developing technical solutions, contributing to FLR RCL quant library, and engaging with IT for productionised solutions.

  • Writing Risk Governance papers covering new Risk initiatives. Presenting these papers through internal and external risk governance forums

  • Default Management tasks

  • Documentation of methodologies and procedures.

Experience and skills required:
  • Degree level education

  • 5+ years of experience in Risk Management in the Finance industry

  • Strong programming skills (Java, R, Python)

  • Sound conceptual / technical knowledge of modern IT infrastructure stack

  • Autonomy, problem solving skills

  • Effective communication skills (written and oral).

  • Ability to work with team delivery environment.

  • Scripting skills required (R or Python scripting required)

  • SQL

  • Bloomberg + Reuters data manipulation

  • Preferable to have experience with Asset Control and Calypso

Compensation/Benefits Information (New York City applicants only):

LSEG is committed to offering competitive Compensation and Benefits. The anticipated base salary for this position is $128,000 - $237,800.

Please be aware base salary ranges may vary by geographic location, city and state. In addition to our offered base salary, this role is eligible for our Annual Incentive Plan (AIP/"bonus plan"). Target AIP rates will be commensurate with role level and posted career stage. Individual salary will be reflective of job related knowledge, skills and equivalent experience. LSEG roles (excluding internships and part-time roles of less than 20 hours per week) are typically eligible for inclusion in our LSEG Benefits program, which includes offerings of: Annual Wellness Allowance, Paid time-off, Medical, Dental, Vision, Flex Spending & Health Savings Options, Prescription Drug plan, 401(K) Savings Plan and Company match. LSEG's Benefits plan also includes basic life insurance, disability benefits, emergency backup dependent care, adoption assistance commuter assistance etc.

At LSEG, we believe that creating a diverse and inclusive organisation is fundamental to the way we deliver on our promise of creating essential partnerships and open opportunities. Our open culture is central to how we deliver our purpose - driving financial stability, empowering economies and enabling customers to create sustainable growth - in everything we do.

Working with us means that you will be part of a dynamic organisation of 25,000 people across 70 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 any mental health or physical disability needs.

Please take a moment to read this carefully, as it describes what personal information London Stock Exchange Group (LSEG) (we) may hold about you, what it's used for, and how it's obtained, .

If you are submitting as a Recruitment Agency Partner, it is essential and your responsibility to ensure that candidates applying to LSEG are aware of this privacy notice.


As a global business, we rely on diversity of culture and thought to deliver on our goals. Therefore we seek talented, qualified employees in all our operations around the world-regardless of race, color, sex/gender, including pregnancy, gender identity and expression, national origin, religion, sexual orientation, disability, age, marital status, citizen status, veteran status, or any other protected classification under country or local law. LSEG is proud to be an Equal Employment Opportunity/Affirmative Action Employer providing a drug-free workplace.

 

Job Summary
Start Date
As soon as possible
Employment Term and Type
Regular, Part Time
Required Experience
5+ years
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