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Lead of Quantitative Analysis, LCH, Ltd

London Stock Exchange Group
London, United Kingdom
Closing date
Jul 13, 2024

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Job Function
Industry Sector
Finance - General
Employment Type
Full Time
Team description:

The CRO function is responsible for independently monitoring and assessing all risks in LCH Ltd against the standards set out by the LCH Ltd Board in the Risk Governance Framework and reporting their findings to the LCH Ltd Board, Risk Committee, TSR and Audit Committee.

Specifically, the CRO function is responsible for:
  • Establishing and maintaining risk policies for LCH Ltd to define the expected standards for risk management in detail for all enterprise risks (including financial, resilience and corporate risks)
  • Establishing and maintaining a framework for monitoring and reporting on business performance against the defined standards; enforcing standards by challenging the 'first line' where necessary
  • Reviewing and approving any new product proposals, new member applications, policy reviews, action closure memoranda, serious incident reviews, issue escalation, new jurisdictions, new collateral requests, model changes and parameter updates via the Executive Risk Committee (ERCo) and its sub-committees the Resilience Committee (ResCo) and the Financial Resources Working Group (ResCo)
  • Providing assurance to regulators in the relevant jurisdictions that regulatory standards in relation to Risk Management are being met on an on-going basis
The CRO function aims to develop a strong, diverse team of technically skilled, dedicated risk management professionals, to provide exceptional career development opportunities and a stimulating, challenging working environment.

Key responsibilities of the role:

The Lead of Quantitative Analysis is the lead manager within the CRO function responsible for risk models, stress testing and economic capital. The role reports to the Head of Market Risk, who reports to the CRO of LCH Ltd. The role covers all clearing services in LCH Ltd (SwapClear, Listed Rates, ForexClear, RepoClear and EquityClear) and CaLM.

Key responsibilities of the role:
  • Monitors risk model performance across all services, for example using backtesting, procyclicality and kupiec statistics
  • Reviews and challenges risk methodologies for all first line new products and model changes
  • Maintains relevant market risk policies (e.g. Procyclicality Policy)
  • Identifies areas needing improvement; prioritising, tracking and reporting delivery
  • Chairs the Model Working Group - discussion forum for advanced quantitative topics among LCH quants
  • Maintains Economic Risk Capital Model and reporting
  • Reviews changes to stress testing framework; conducts reverse stress testing analysis
  • Supports the Head of Market Risk in the day to day management of 1 quantitative analysts, namely for allocating responsibilities, setting challenging objectives, learning and development
  • Acts as the quantitative risk expert in support of all other risk managers in the team
  • Develops and maintains analytical tools to enable risk analysis
Alongside other senior risk managers in the CRO function, the Lead of Quantitative Analysis will be expected to represent LCH Ltd externally, interacting with regulators, members and clients as required. They will be expected to provide reassurance on LCH's risk management standards and discuss emerging issues.

Work experience
  • The candidate should have extensive experience working in a quantitative risk function within a financial services organisation
  • The candidate will be expected to have a good understanding of the derivatives clearing business
  • Some management and leadership experience will also be expected
Technical skills
  • The candidate should have deep domain expertise, including extensive technical knowledge of risk management techniques such as Value at Risk and Stress Testing. The candidate should have a strong organisational focus with experience of managing a complex set of deliverables with limited resources
Soft skills
  • The candidate will require good collaboration and negotiation skills to be successful is the role will interact with other departments, most notably the first line risk teams
  • The candidate will have a Proactive, pragmatic, and thoughtful approach
  • The candidate should be educated to at least degree level in a numerical or scientific field
  • Post-graduate qualifications in a quantitative field would be a definite advantage

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. It's how we've contributed to supporting the financial stability and growth of communities and economies globally for more than 300 years. Through a comprehensive suite of trusted financial market infrastructure services - and our open-access model - we provide the flexibility, stability and trust that enable our customers to pursue their ambitions with confidence and clarity.

LSEG is headquartered in the United Kingdom, with significant operations in 70 countries across EMEA, North America, Latin America and Asia Pacific. We employ 25,000 people globally, more than half located in Asia Pacific. LSEG's ticker symbol is LSEG.

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.

Please take a moment to read this privacy notice 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, your rights and how to contact us as a data subject .

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.

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