Credit Risk Manager

Credit Risk Manager

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 handle the risk appetite of the Company in a manner which:

• Is prudent in risk management terms;
• Is robust operationally;
• Is consistent with its regulatory status and responsibilities;
• Is in line with market standard methodology;
• Supports the company's development initiatives in clearing new products and markets; and,
• Is aligned with Board expectations and Member demand.  

We as LSEG are working to ensure key values such as Integrity, Partnership, Excellence and Change are applied across the Group.

Description of the mission

As a Credit Risk Manager, we will carry out credit risk assessments and continually supervise various counterparties including banks, non-bank financial institutions (NBFIs including funds and insurance companies), funds (pension, money market, hedge), 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.

There will also be opportunities to get involved in projects within the team.

Position in the firm

The candidate will be part of the Credit Risk team, composed of four team members within the supervision of the Head of Credit & Strategic Risk.

Context of the mission

In the context of developing clearing activities of the company, the main aspect of this role will be:

• Analyzing Credit Risk of new Clearing Members,
• Ongoing assessment and monitoring of existing Clearing Members,
• Credit Risk and monitoring of Banks, Funds, Brokers, CCP’s, investment and repo counterparts, and Sovereigns
• Attend and participate to credit meetings

The candidate will assist in all of the team’s tasks, particularly:

• Analysing Credit Risk of new Clearing Members:
• Assessment of suitability of new clearing members in coordination with other teams,
• Assisting in the preparation of applications for internal committee approval.
• Ongoing assessment and monitoring of existing clearing members:
• Preparing financial analyses on LCH Members based upon qualitative and quantitative data,
• Supervising financial information and net capital figures and reporting anomalies to management,
• Regular portfolio risk monitoring and analysis to identify and address developing high risk situations,
• Maintenance and update of internal database,
• Producing daily monitoring reports,
• Organising and maintaining Member’s financial documents and spreadsheets and various management reporting.
• Participate to the enhancement of credit risk tools and liaise with other teams:
• Assisting in the development of tools to enhance credit risk reporting,
• Liaise with risk reporting team and IT to ensure good development and application of new tools.
• Liaise with risk reporting and other IT teams in order to propose solutions as regards to credit risk reporting.

In addition, Credit Risk Manager will:

• Review team’s assessments, and give an opinion on scoring decisions,
• Identify key economic/financial developments that require communication to Risk Managers,
• Provide a feedback to internal partners upon request (CSM, CaLM, Compliance, Finance…),
• 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 partners,
• 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.

Duration

Full time employee with permanent contract.

Functional and technical requirements

• At least 8 years of experience in credit analysis (including financial institutions) with exposure to pension funds, money market funds and hedge funds
• Good accounting skills (bank analysis skills in addition to other areas of focus would be appreciated)
• Interest in credit analysis and clearing
• Interest in economic/financial news
• Good understanding of CCP challenges and oriented toward resolution of issues
• Tools: Microsoft Office, Bloomberg, VBA
• Master Degree (Business or Engineering School) or equivalent experience

Personal Skills

• English level: good level both written and oral (necessity to write financial reviews and present in Credit Committee)
• Highly motivated applicants are desired
• Good interpersonal skills, including smooth discussions with other internal teams as need arises
• Ability to understand the firm’s challenges and open to discussion
• Ability to work in a team oriented environment
• Must be highly organized, detail oriented, analytical, self-motivated
• Problem analysis and problem-solving skills
• Strong analytical, quantitative, and organizational skills

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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