Manager, Forexclear Risk

2 weeks ago

Sydney, New South Wales, Australia LSEG (London Stock Exchange Group) Full time
Risk Manager

The Team

The ForexClear Business Risk team sits within the 1st line Risk team in ForexClear.

The team is responsible for 1st level risk management and reporting, including monitoring of all aspect of market risk for ForexClear.

The team is a hybrid of a traditional 1st line risk role as well as operations with a high level of involvement in client queries.

The team is the first point of escalation for members, clients, trade sources and has the ultimate responsibility of ensuring a positive experience of LCH is provided in respect to the ForexClear service.

The team works closely with all internal and external stakeholders. The team is responsible for monitoring the integrity

The Role

Key Responsibilities

  • Technical/Analytical_
  • Continuous monitoring of risk exposures. Understanding our risk management methodologies include initial margin model, stress testing and margin addons.
  • Ensure the accuracy and effectiveness of data sources, pricing methodologies and curve building methodologies.
  • Ensure that measures of liquidity and market behaviour are in place to quantify potential risks.
  • Oversee operational processes such as trade receipt, NDF trade fixings, margin runs and margin calls and look to provide opportunities for automation.
  • Use MS Excel / Python to streamline processes and implement tactical solutions to enhance the control framework.
  • Gain strong understanding of margining and liability calculation.
  • Monitor execution of operational processes such as trade receipt, NDF trade fixings, market prices validation, margin runs and margin calls. Undertake analysis and validation when required.
  • Ensure that policies and procedures are applied consistently across products regardless of trade source of origin.
  • Carry out and take responsibility for all aspects of the daily checklist, escalate any deviation from the schedule.
  • Execute postexecution events such as portfolio transfers and compression activity.
  • Communication /Presentation Skills_
  • Liaise with key stakeholders (both written and oral) to ensure member/client/matcher queries are resolved in a timely fashion and to a high standard.
  • Present issues and explanations to management (both written and oral).
  • Demo key service functionality/offerings, as well as other member/client training requests.
  • Client Management: Internal / External_
  • Build strong relationships across the company.
  • Build and maintain strong relationships with our member, client, middleware, and SEF communities.
  • Escalation point for issues in the Production environment.
  • Partake and feed into post incident reviews.
  • IT Systems_
  • Proactively monitor the performance of the production service and work with IT support to facilitate issue resolution, analyse problem root causes and communicate with members regarding issues and system outages.
  • Participate in relevant UAT and quality gate exercises line releases in preparation for production releases.
  • Projects/Non-BAU_
  • Partake in additional project work, to enhance the operational environment as well as support the business.
  • Regulatory/Member Reporting_
  • Daily and Periodic Regulatory Reporting submissions, reconciliations and troubleshooting across the jurisdictions we are obligated to report in.
  • Oversight of systematic processes and management of manual elements to guarantee adherence to regulatory and Member reporting SLAs.
  • Working Experience_
  • Experience in Market Risk Management in investment bank, CCP or similar financial organisation.
  • Exposure to CLS (Continuous Linked Settlement) and the settlements cycle.
  • Education_
  • Degree qualified in a Business, Financial or similar and relevant discipline or equivalent.
  • Technical Skills_
  • Excellent knowledge of the full NDF/FXO product life cycle.
  • Excellent understanding of Risk management techniques.
  • Knowledge of central clearing and the FX OTC bilateral market.
  • Excellent analytical, numerical, and problemsolving skills with good attention to detail.
  • Ability to create and maintain excellent relationships at all levels internally/externally.
  • Excellent computational skills such as MS Excel VBA programming and Python experience.
  • Soft Skills_
  • Excellent communication skills, both oral and written.
  • Proactive and driven.
  • Able to manage workload/priorities for themselves and the team, and ability to work to deadlines.
  • Comfortable being a key point of contact for senior management across departments and engage with Senior stakeholders.


At LSEG, we believe that creating a diverse and inclusive organisation is fundamental to the way we deliver on our promise of creating essential partnerships and open opportunities.

Our open culture is central to how we deliver our purpose - driving financial stability, empowering economies and enabling customers to create sustainable growth - in everything we do.

Working with us means that you will be part of a dynamic organisation of 25,000 people across 70 countries. However, we

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