Overview
The Clearing House needs to provide robust and prudent risk management in order to meet its overriding objective: to provide Clearing Members with a central counterparty of the highest quality and to safeguard the interests of the company's shareholders and contributors to its Clearing Funds. The goal of the Risk Management department is to manage the risk appetite of the Company in a manner which:
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Is prudent in risk management terms;
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Is robust operationally;
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Is consistent with its regulatory status and responsibilities;
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Is in line with market best practice;
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Supports the company's development initiatives in clearing new products and markets; and,
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Is aligned with Board expectations and Member demand.
Description of the mission
This is a 1 year fixed term contract.
As a Credit Risk Analyst, you will carry out credit risk assessments and continually monitor various counterparties including banks, non-bank financial institutions (NBFIs including funds and insurance companies), broker-dealers, sovereigns and supranational. You will also be in charge of reviewing team’s members analysis and reports, and support the Deputy Head of Credit Risk in representing Credit Risk view with other teams. You will also be involved in projects within the Credit Risk team.
Position in the firm
The candidate will be part of the Credit Risk team, composed of three managers within the supervision of the Head of Credit & Strategic Risk. The candidate will report to the Deputy Head of Credit & Strategic Risk.
Context of the mission
In the context of developing clearing activities of the company, the primary functions of this role will be:
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Analyzing Credit Risk of new Clearing Members – including banks, brokers, funds and Insurance companies
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Ongoing assessment and monitoring of existing Clearing Members,
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Credit Risk and monitoring of Banks, Brokers, CCP’s, investment and repo counterparts, and Sovereigns
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Attend and participate to credit meetings
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Participate to the enhancement of credit risk tools and liaise with risk reporting and other IT teams in order to propose solutions as regards to credit risk reporting
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Review team’s assessments, and give an opinion on scoring decisions
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Provide a feedback to internal stakeholders upon request (BDRM, CaLM, Compliance, Finance…)
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Actively participate to discussions involving Credit Risk team and provide Credit Risk opinion in the context of new initiatives or ad hoc discussions with internal stakeholders
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Assist the Deputy Head of Credit Risk in other missions including answer Regulators’ questions regarding membership or specific questions regarding members or members monitoring, and follow up on regulatory evolutions and impacts
The candidate will assist in all of the team’s tasks, particularly:
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Analysing Credit Risk of new Clearing Members:
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Assessment of suitability of new clearing members in coordination with other teams,
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Assisting in the preparation of applications for internal committee approval.
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Ongoing assessment and monitoring of existing clearing members:
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Preparing financial analyses on LCH Members based upon qualitative and quantitative data,
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Monitoring financial information and net capital figures and reporting anomalies to management,
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Regular portfolio risk monitoring and analysis to identify and address developing high risk situations,
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Maintenance and update of internal database,
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Producing daily monitoring reports,
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Organising and maintaining Member’s financial files and spreadsheets and various management reporting.
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Participate to the enhancement of credit risk tools and liaise with other teams:
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Assisting in the development of tools to enhance credit risk reporting,
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Liaise with risk reporting team and IT to ensure good development and application of new tools.
Functional and technical requirements
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Master Degree (Business or Engineering School)
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At least 2-3 years of experience in credit analysis (including financial institutions)
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Good accounting skills (bank analysis skills in addition to other areas of focus would be appreciated)
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Interest in credit analysis and clearing
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Tools: Microsoft Office, Bloomberg
Personal skills
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English level: good level both written and oral (necessity to write financial reviews and present in Credit Committee)
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Highly motivated applicants are desired
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Good interpersonal skills
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Ability to work in a team oriented environment
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Must be highly organized, detail oriented, analytical, self-motivated
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Problem analysis and problem-solving skills
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Strong analytical, quantitative, and organizational skills
Career Stage:
Senior Associate
London Stock Exchange Group (LSEG) Information:
Join us and be part of a team that values innovation, quality, and continuous improvement. If you're ready to take your career to the next level and make a significant impact, we'd love to hear from you.
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.
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.
You will be part of a collaborative and creative culture where we encourage new ideas. We are committed to sustainability across our global business and we are proud to partner with our customers to help them meet their sustainability objectives. Our charity, the LSEG Foundation provides charitable grants to community groups that help people access economic opportunities and build a secure future with financial independence. Colleagues can get involved through fundraising and volunteering.
LSEG offers a range of tailored benefits and support, including healthcare, retirement planning, paid volunteering days and wellbeing initiatives.
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