Market Risk Analyst

Job Description

Overview The LCH.Clearnet Group is a leading international clearing house, serving major exchanges and platforms as well as a range of OTC markets. It clears a broad range of asset classes, including securities, exchange-traded derivatives, commodities, energy, freight, foreign exchange derivatives, interest rate swaps, credit default swaps and euro and sterling denominated bonds and repos. LCH.Clearnet works closely with regulators and clients to identify and develop innovative clearing solutions.OVERALL FUNCTIONAL OBJECTIVE The ability of a clearing house to meet its payment obligations in a timely manner is instrumental not only to its solvency but to the well-functioning of the entire financial system. LCH.Clearnet receives collateral to cover member margin liabilities in various forms. This collateral has to be of high credit and liquidity quality and held in a secured manner so that they can be accessed promptly to ensure the clearing house can meet its daily obligations and close out of positions in the event of a member default.The role of liquidity and collateral risk management is at the heart of well functioning of a central counterparty.RESPONSIBILITES & TASKS General - To provide daily analysis for senior Risk stakeholders across collateral, liquidity and investment activity.- To actively support the Head of CaLM Risk as and when incidents / events occur to provide a real time view of the liquidity risk.Liquidity & Collateral Risk Management - Ensure compliance to the Liquidity and Collateral Risk Policies through daily monitoring of key indictors on liquidity and collateral risks.- Liaison with Collateral and Liquidity Management (CaLM) Front Office, Collateral Ops, Businesses, and Regulators on liquidity and collateral risk related matters, including resolution of any escalated risk concerns.- Responsible for running and analyzing daily liquidity stress tests and escalate findings as appropriate.- Ensure securities collateral posted by clearing members as cover are inline with collateral management policy, sufficiently liquid, and the haircuts applied are appropriate.Investment Risk Management - Ensure investment exposures are inline with the Investment Risk Policy through reporting and proactive interactions with the CaLM Front Office.- Monitor interest rate risk arising from CaLM Front Office investment activities.Payment, Settlement & Custody Risk Management - Ensure the compliance of the Settlement, Payment, and Custody Risk Policy through identification and risk management of exposures that arise from the movement of cash due to margin calls, investment activities, and clearing activities.Default Management - Provide liquidity and collateral risk information to assist the default management process.Regulatory Developments - Monitor regulatory developments and estimate impact to overall liquidity and collateral.- Promote best practice in liquidity, collateral, payment & settlement risk management.EXPERIENCE AND SKILLS REQUIRED - Sound understanding of the functions of the clearing house, particularly with cash, collateral and investment activity.- Strong analytical and problem solving skills, with good attention to detail. (VBA, SQL, R all an advantage)- Able to work on multiple ad-hoc pieces of analysis for senior risk stakeholders - often with very quick turnaround.- Ability to identify and implement better, more efficient ways of working.- Strong communication skills, oral and written.- To successfully partner with teams from outside of Group Risk to work together to deliver robust solutions.- To deliver quality, well thought output frequently on an unsupervised basis.- Knowledge and understanding of financial instruments and capital markets.- Familiarity with regulatory rules an advantage (CFTC, Dodd-Frank, EMIR)