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- Tasks: Monitor risk exposures, support margin processes, and contribute to default management readiness.
- Company: Join LSEG, a global leader in financial markets infrastructure and data.
- Benefits: Enjoy healthcare, retirement planning, paid volunteering days, and wellbeing initiatives.
- Why this job: Gain hands-on experience in risk management within a collaborative and innovative environment.
- Qualifications: Prior experience in finance, familiarity with FX derivatives, and strong analytical skills required.
- Other info: We value diversity and are committed to creating an inclusive workplace.
The predicted salary is between 36000 - 60000 £ per year.
Position: Risk Analyst - ForexClear Risk
Location: London
Division: LCH, ForexClear
Reporting to: Head of Default and Liquidity Management
Role Overview
LCH's ForexClear division is looking for a Risk Analyst to support the day-to-day risk management of our OTC foreign exchange clearing service. The role focuses on monitoring exposures, supporting margin and stress-testing processes, and contributing to default management readiness. This is a technical and collaborative position that will work closely with internal teams, clearing members, and market participants. The successful candidate will also have opportunities to lead new product risk assessments and write process improvements, contributing to the ongoing development of risk capabilities at ForexClear!
Key Responsibilities
- Risk Monitoring
- Monitor daily risk exposures and produce regular reports highlighting material risk drivers.
- Perform end-of-day exposure assessments, including pre-close checks and margin impact analysis.
- Validate data inputs and pricing models used in risk calculations and margin processes.
- Support the review and back-testing of risk models to ensure alignment with market behavior.
- Ensure consistent application of risk policies and contribute to periodic reviews of risk processes.
- Stress Testing
- Maintain and update stress-testing scenarios to reflect relevant market risks.
- Evaluate the impact of market stress on member exposures and assess Default Fund adequacy.
- Ensure inclusion of new products and scenarios within the stress-testing framework, as appropriate.
- Default Management
- Assist with the execution of default management drills and contribute to post-event analysis.
- Support interactions with clearing members involved in the Default Management Group (DMG).
- Ensure that appropriate procedures are in place to handle a member default optimally.
- Facilitate trade capture during simulation exercises and coordinate with operations teams.
- Product & Process Support
- Help define risk requirements for new product initiatives and system enhancements.
- Contribute to the specification and testing of risk processes, reporting tools, and control mechanisms.
- Assist in assessing the risk implications of clearing new contracts and onboarding new members.
Candidate Requirements
- Essential
- Prior experience in a financial institution, preferably within a central counterparty, investment bank, or broker.
- Familiarity with FX derivatives and/or interest rate products such as swaps, repos, and futures.
- Solid understanding of risk concepts, stress testing, and margining principles.
- Proficiency in using risk systems and data tools; experience with Murex (preferred).
- Strong analytical skills and attention to detail.
- Good communication and collaboration skills.
- Desirable
- Degree or equivalent experience in a quantitative or finance-related subject area (e.g., Mathematics, Economics, Finance).
- Exposure to programming or automation tools (e.g., Excel VBA, Python).
- Understanding of central clearing frameworks and risk standards.
Development and Growth
This role provides exposure to a wide range of risk activities and offers practical experience with cleared products in a regulated market infrastructure. The successful candidate will work closely with expert risk professionals and traders, gaining insight into the day-to-day risk management of a global clearing service. There will be opportunities to chip in to system improvements, new product initiatives, and operational improvements as the service evolves.
Inclusion and Accessibility
We are committed to building a diverse and inclusive workforce. LCH is proud to be an equal opportunity employer. We welcome applications from all qualified individuals regardless of background, identity, or ability. If you require any reasonable adjustments during the recruitment process or on the job, please let us know, and we will do our best to accommodate your needs.
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.
Risk Management Analyst - London Stock Exchange Group employer: London Stock Exchange Group
Contact Detail:
London Stock Exchange Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Risk Management Analyst - London Stock Exchange Group
✨Tip Number 1
Familiarise yourself with the latest trends in FX derivatives and interest rate products. Understanding these concepts will not only help you during interviews but also demonstrate your genuine interest in the role.
✨Tip Number 2
Network with professionals in the risk management field, especially those who work at LCH or similar institutions. Engaging in conversations can provide insights into the company culture and expectations, which can be invaluable during the interview process.
✨Tip Number 3
Brush up on your analytical skills and become proficient in using risk systems and data tools, particularly Murex if possible. Being able to showcase your technical abilities will set you apart from other candidates.
✨Tip Number 4
Prepare to discuss your experience with stress testing and margining principles. Be ready to provide examples of how you've applied these concepts in previous roles, as this will highlight your practical knowledge and readiness for the position.
We think you need these skills to ace Risk Management Analyst - London Stock Exchange Group
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in risk management, particularly within financial institutions. Emphasise any familiarity with FX derivatives and your analytical skills, as these are crucial for the role.
Craft a Strong Cover Letter: In your cover letter, express your enthusiasm for the position and the company. Mention specific experiences that align with the responsibilities of monitoring risk exposures and supporting margin processes. Show how your background makes you a great fit for the team.
Highlight Technical Skills: Since the role requires proficiency in risk systems and data tools, be sure to mention any experience you have with Murex or similar platforms. If you have programming skills, such as Excel VBA or Python, include these as well.
Showcase Collaboration Experience: The position involves working closely with internal teams and market participants. Provide examples in your application of how you've successfully collaborated in previous roles, demonstrating your communication and teamwork skills.
How to prepare for a job interview at London Stock Exchange Group
✨Understand the Role
Make sure you thoroughly understand the responsibilities of a Risk Analyst at ForexClear. Familiarise yourself with risk monitoring, stress testing, and default management processes, as these will likely be key discussion points during your interview.
✨Showcase Your Analytical Skills
Prepare to demonstrate your analytical skills by discussing past experiences where you've successfully managed risk or conducted stress tests. Be ready to explain your thought process and how you arrived at your conclusions.
✨Familiarity with FX Derivatives
Brush up on your knowledge of FX derivatives and interest rate products. Being able to discuss these topics confidently will show that you have the relevant background and are serious about the role.
✨Ask Insightful Questions
Prepare thoughtful questions to ask your interviewers about the team dynamics, ongoing projects, and future challenges in risk management. This shows your genuine interest in the position and helps you assess if it's the right fit for you.
