Senior Analyst, SwapClear

Overall Functional Objective

As part of the SwapClear risk product team, the role will be to assist in the day-to-day risk and operations management of SwapClear and provide support for some of the key developments. A key part of the role will be developing the client business stream - product development, workflow analysis and implementation of BAU and the Default Management Process. A key competence is liaison/ownership externally with members and internally with other departments; and general support of all of the team's functions.

Responsibilities and Tasks

Initial Margin

• Ensure understanding of the detailed calculations; including the assumptions inherent within the algorithm.
• Assisting to ensure that parameters are reviewed in line with policy.
• Assisting to ensure all new and existing products are appropriately margined.
• Assisting with the pro-active review of existing policies highlighting areas where policy or parameters need, or would benefit from, amendment.

Valuation

• Ensure understanding of the detailed calculations; including the assumptions inherent within the curve building methodologies.
• Ensure that valuation policies and procedures, both intra-day and end-of-day, are reviewed against market best practice and that valuations are reflective of prices that could be achieved in the event of a member default.
• Assisting to ensure all new and existing products are appropriately valued.
• Assisting with pro-active review of existing policies highlighting areas where policy or parameters need, or would benefit from, amendment.

• Ensure the Risk requirements for the new client offering are completely and accurately stated both for initial launch and as part of the wider SwapClear Replacement Programme.
• Ensure the business model is appropriately structured and resourced.
• Be the Risk representative at project boards, ensure effective internal and external stakeholder management.
• Design daily processes to monitor and report on risks including initial and variation margin.
• Provide SME support for the appropriate workstreams in projects.

• Ensuring that the daily operational tasks are completed on a timely basis and within the scope of defined risk management policies.
• Develop appropriate processes to monitor and maintain appropriate risk analytics on client exposures.
• Involvement in internal projects to develop and enhance internal risk management and operational processes.
• Development of intraday monitoring.
• Carry out the necessary day to day business operations activities to ensure efficient operation.
• To be fully conversant with and be able to operate internal and external systems demonstrating thorough knowledge of the systems and reports generated.
• Supervise more junior team members in achieving all of the above to defined deadlines in the operational day.
• Be responsible for recommending and implementing continuous process improvement.

• Maintain a robust Default Management Process (DMP) to manage client exposures ensuring this is fully embedded and regularly tested in BAU procedures.
• Implement and document the DMP and ensure it is maintained and regularly tested.

Required Skills and Experience

• At least 5 years experience in an interest rate market risk management environment, either risk management / product control or middle office environment within an investment
  bank or similar
• Highly numerate with a degree in mathematics, quantitative or economics-related discipline
• Experience of product development lifecycle
• Specific knowledge of interest rate products
• Strong conceptual/ technical knowledge of the available and appropriate risk management techniques for managing the market and operational risk of interest rate products
• Advanced numerical competency (advanced Excel or VBA user)
• Effective and confident communicator (written, aural and oral)
• Effective critical analysis and reasoning skills
• Ability to add to the risk management expertise within the company
• Customer orientated and ability to build rapport with internal and external stakeholders
• Demonstrates strong analysis and reasoning competency, from a technical and a practical perspective
• Makes clear decisions within boundaries of their role and communicates them appropriately
• Seeks decision making advice when not confident
• Individually focussed on delivery to a high standard of accuracy and to deadlines
• Capability of influencing decision making at all levels across a broad range of areas demonstrating different styles to achieve objective (e.g. written skills, oral skills etc ... )
• Demonstrates ability to adjust communication to the level of knowledge of the recipient in order to influence
• Effective team player able to work flexibly within the team.
• Demonstrates continuous determination to develop their own knowledge and expertise through a variety of methods
• Demonstrates transfer of knowledge and expertise to others

Desirable Skills and Experience

• Professional Risk qualifications

If you wish to be considered for this position, please click here and complete the online application form, or if you would like further information, please contact careers@lchclearnet.com.