ForexClear Senior Risk Analyst - London Stock Exchange Group

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 dedication 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.

Our People: People are at the heart of what we do and drive the success of our business. Our values of Integrity, Partnership, Excellence and Change shape how we think, how we do things and how we help our people fulfil their potential. We embrace diversity and actively seek to attract individuals with unique backgrounds and perspectives. We break down barriers and encourage teamwork, enabling innovation and rapid development of solutions that make a difference.

Role Overview: LCH's ForexClear division is looking for a Senior 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.

Key Responsibilities:

• Risk Monitoring: Escalate daily risk exposures and produce regular reports highlighting material risk drivers. Lead 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 behaviour. 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 effectively. 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: 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. Working knowledge 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 field (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 experienced risk professionals and traders, gaining insight into the day-to-day risk management of a global clearing service. There will be opportunities to contribute to system enhancements, new product initiatives, and operational improvements as the service evolves.

Career Stage: Senior Associate

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 values of Integrity, Partnership, Excellence and Change underpin our purpose and set the standard for everything we do, every day.

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.

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.