Quantitative Risk Senior Analyst

The CRO function:
The role sits within the Market Risk team within the CRO function. 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.

• 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; implementing 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 (Res Co) and the Financial Risk Working Group (FRWG)
• 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.

• Responsible for monitoring, assessing, reporting and managing market risk, liquidity risk, investment risk, model risk, procyclicality risk and settlement risk across all LCH Ltd business divisions (Swap Clear, Listed Rates, Forex Clear, Repo Clear, Equity Clear and CaLM).
• Quality control (provides challenge) for all first line new product and model and parameter changes.
• Monitoring risk model performance across all services by analysing backtesting and procyclicality statistics.
• Maintaining relevant financial risk policies (e.g. Financial Resources Adequacy Policy); regularly review policy wordings and compliance with policies.
• Engage with regulators, including within regular thematic reviews or Supervisory Stress Testing exercises.

• Monitoring risk model performance across all services, for example using backtesting, procyclicality and Kupiec statistics
• Review and challenge risk methodologies for all first line new products and model changes
• Participation in the Model Working Group – forum for advanced quantitative topics among LCH quants
• Maintain Economic Risk Capital Model and reporting
• Review changes to stress testing framework; conducts reverse stress testing analysis
• Acts as a quantitative risk expert in support of all other risk managers in the team
• Establishes and maintains analytical tools to enable risk analysis
• Build strong working relationships with internal colleagues, both within the Market Risk team and wider CRO department, and other internal teams such First Line Risk teams.

• Strong experience working in a quantitative risk function within a financial services organisation
• Good understanding of the central clearing business, with demonstrated experience of quantitative analysis in at least one of the LCH Ltd asset classes

• Strong domain expertise, including technical knowledge of risk management techniques such as Value at Risk and Stress Testing
• Advanced Excel and programming competency, in particular VBA, SQL, R/Python.

• Highly motivated and results orientated with good organisational skills; ability to multi-task, prioritise and work to deadlines.
• Ability to produce clear, well‑structured documentation explaining quantitative methodologies.
• Proactively anticipates problems and takes action rather than waiting to be told what to do, balanced with good judgment in terms of conveying information to others including more senior colleagues, and knowing when to escalate a problem.
• Good interpersonal skills – in particular communication and…