Senior Regulatory Specialist

LME Clear is a Recognised Clearing House under the Financial Services and Markets Act (“FSMA”) and an authorised Central Counterparty (CCP) under UK-EMIR. LME Clear is supervised and regulated by the Bank of England and also holds a number of licenses in third countries. LME Clear is the CCP for the LME market, providing cost-effective, EMIR compliant clearing and settlement services, including real-time liability and collateral management.

The LME Clear Regulatory team works within the wider LME Group Regulation and Compliance function, which combines the functions of regulation, compliance and regulatory policy implementation across the LME and LME Clear. The department is responsible for:

• Compliance advisory: Ensuring the LME and LME Clear remain compliant with all relevant regulations and maintaining a strong and collaborative ongoing relationship with all relevant regulatory bodies including the Bank of England and the FCA. This also involves supporting the business in the design and roll out of new products and services which are “compliant by design”.
• Compliance: Working across departments to identify and manage legal and regulatory risks, monitor and test compliance and controls, evolve and enhance policies, and provide staff training.
• Regulatory policy engagement and implementation: Working with policy makers globally to ensure forthcoming CCP policy represents best practice and the most effective and appropriate oversight of both exchanges and CCPs. Once new Regulations are made, working with the business to implement them into our working practices.

This is a high profile role internally and externally, engaging with and providing strong regulatory advice to all levels of the organization including to the Board. You will play a key role in supporting the CCP’s strategy. You will be responsible for interpreting, assessing and implementing regulatory obligations applicable to LME Clear, ensuring the organisation continues to meet its obligations under UK EMIR and Bank of England requirements, and other relevant domestic and international standards. The role works closely with Compliance, Risk, Legal, Operations, Technology and senior leadership to ensure regulatory expectations are understood, assessed and effectively embedded across the CCP.

Responsibilities:

• Regulatory Engagement & Relationship Management: Own the regulatory relationship with the Bank of England, encouraging proactive engagement, coordinating responses to information requests, thematic reviews and supervisory visits. Proactively prepare high‐quality regulatory submissions, notifications, attestations, and periodic reporting, ensuring accuracy, completeness and alignment with CCP obligations. Lead regulatory meetings, maintain strong working relationships with supervisory teams, and ensure timely follow‐up of actions and commitments.
• Regulatory Projects & Change Management: Lead or support regulatory-driven change initiatives, ensuring requirements are understood, translated into business impacts, and delivered in collaboration with project and operational teams. Provide subject‐matter expertise to the CCP’s strategic ambition including relating to product changes, new services and operational or technology transformations. Track progress, escalate risks or issues, and ensure appropriate documentation and validation of regulatory change outcomes.
• Regulatory Advisory: Lead the team’s efforts in interpreting regulatory obligations affecting UK CCPs, providing strong and consistent regulatory advice to the organisation as it evolves the business. This will include the interpretation of UK EMIR, BoE supervisory statements and relevant international standards (e.g., CPMI‐IOSCO PFMI). Assess the impact of proposed regulatory changes on CCP operations, risk management and governance, and provide clear and actionable guidance to internal stakeholders. Perform regulatory horizon scanning and prepare concise updates, impact assessments, and briefings for senior management, Board committees, and working groups.
• Risk Management & Assurance: Work with the Compliance, Risk and Internal Audit teams to assess regulatory risks, controls and remediation activities. Work with the central compliance team to maintain and enhance the CCP’s regulatory policies, frameworks and control methodologies, ensuring they remain aligned with evolving regulatory expectations. Provide second-line challenge and oversight to ensure CCP processes remain compliant with regulatory standards.
• Departmental Leadership: Deputise for the CCO in formal fora such as Board and Executive committees – for example the LME Clear Executive Committee, Executive Risk Committee, Clearing Risk Committee, and Default Management Committee – where needed. Provide support to the CCO in engagement with LME Clear Board Directors, conducting briefings, training, and general regulatory support to the Board and Executive. Encourage cross-departmental working, seeking to share experiences and enhance processes.

Academic and Professional Qualifications Required: Degree level or equivalent.

Skills, Knowledge & Qualifications:

• Essential: Strong knowledge of the UK regulatory framework for CCPs, including UK EMIR, Bank of England requirements, and relevant international standards. 10-15+ years of experience in a relevant regulatory, compliance, policy or supervisory role within financial market infrastructure, financial services, or a regulatory authority. Proven ability to interpret complex regulatory texts and communicate requirements clearly to technical and non‐technical audiences. Excellent analytical, drafting and organisational skills, with strong attention to detail. Experience managing relationships with the regulator. Project implementation or change management experience.
• Desirable: Experience working within (or supervising) a CCP, clearing function, or other FMI. Familiarity with CCP risk models, margin methodologies, default management processes, and operational risk frameworks. Understanding of broader capital markets regulations (MiFID II, CSDR, UK Financial Services frameworks).

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.

Hong Kong Exchanges and Clearing Limited (HKEX) is a publicly-traded company (HKEX Stock Code:388) and one of the world’s leading global exchange groups, offering a range of equity, derivative, commodity, fixed income and other financial markets, products and services, including the London Metals Exchange. As a superconnector and gateway between East and West, HKEX facilitates the two-way flow of capital, ideas and dialogue between China and the rest of world, through its pioneering Connect schemes, increasingly diversified product ecosystem and its deep, liquid and international markets. HKEX is a purpose-led organisation which, across its business and through the work of HKEX Foundation, seeks to connect, promote and progress its markets and the communities it supports for the prosperity of all.