Senior Risk Analyst - SwapClear
Overview
LCH Ltd is an international multi-asset class central counterparty clearing house (CCP), part of the London Stock Exchange Group. LCH Ltd serves a broad range of exchanges and over-the-counter trading platforms providing critical risk management services. It has a unique membership model and its customers span the globe and include major financial groups, broker-dealers, specialist commodity houses, and a wide range of buy-side and real-money firms including major asset managers and large hedge funds. This role is part of one of the most critical finance technology functions in the world, with LCH SwapClear & Listed Rates as a major clearing business for LCH and LSEG, and a leader in IRS clearing. SwapClear is the largest global Rates platform, clearing ~9m new trades per annum and handling substantial daily notional and margin processing.
Role Profile
This contract role is part of the SwapClear Risk Change team, delivering risk-related change initiatives for the SwapClear service. The position involves contributing to risk projects and providing domain expertise to support end-to-end delivery of products and enhancements.
As a member of a dedicated scrum team, the successful candidate will assist the Product Owner in delivering risk-related items and participate throughout the full project lifecycle—from functional and test design to validation and hands-on testing of deliverables. A solid understanding of the Interest Rate Derivatives Risk framework and familiarity with the supporting technology landscape are essential. The role requires excellent analytical and problem-solving skills, with the ability to dissect complex problems, validate assumptions with evidence, and communicate findings clearly.
The ideal candidate will be proactive, solution-oriented, and inclined to identify inefficiencies and reduce manual effort through automation and process improvement. A focus on simplification, scalability, and continuous improvement is highly valued. The position offers opportunities to work on a wide range of SwapClear projects and develop deep business knowledge. Regular engagement with collaborators across Risk Management, Technology, Operations, and other internal and external teams at all levels of seniority is expected.
This is a hybrid role with strong career development potential. The working arrangement includes three days per week in the office, with flexibility on which days, except for one fixed day to support team collaboration.
Key Responsibilities
Requirements, Solution Design & Delivery
* Supply to the Agile ceremonies, including sprint planning, refinement sessions, reviews, and retrospectives, to support continuous delivery and iterative improvement.
* Support the design and documentation of functional products by drafting user stories, test cases, and acceptance criteria in alignment with Agile methodologies.
* Collaborate with the scrum team to design effective business and technology solutions that address complex challenges.
* Conduct in-depth analysis of business requirements, including edge cases, risk constraints, and alignment with strategic objectives.
* Work closely with the Technical Lead to ensure proposed solutions are technically feasible and align with the existing system architecture.
* Engage with Risk collaborators to ensure solutions adhere to current Risk framework and standards.
* Ensure that all solutions are resilient and incorporate appropriate risk controls.
* Evaluate the risk impact of proposed changes through first-principles risk analysis.
* Promote a culture of continuous improvement by challenging the status quo and identifying multi-functional efficiencies to accelerate delivery and reduce project costs.
* Deliver timely and accurate analysis of risk analytics to support informed decision-making.
Governance
* Support the Risk team to write Risk governance when required for a given change.
* Supply to design and governance artefacts such as Business Design Authority (BDA) and Operational Readiness Assessment (ORA) documents.
Testing & Quality Assurance
* Hands-on validation from functional and technical perspectives. Take ownership of successful functional testing and implementation.
* Design efficient testing by providing testing scenarios and Risk validation prototypes where possible.
* Validate test coverage against requirements and ensure traceability.
* Provide oversight and support to QA teams for automated test validation and sign-off.
* Supply improvements in existing risk testing techniques and processes through advanced automated methods.
* Ensure cohesiveness and delivery of functional and system testing. Own issues and their resolution.
* Support Risk team to provide Risk sign-off during go-lives.
Collaborator Engagement & Communication
* Facilitate workshops, interviews, and walkthroughs to gather and validate requirements.
* Advise and guide senior business stakeholders on approach, implementation practicality, and process automation.
* Communicate expected Risk impacts to collaborators during design and implementation.
* Support change management activities including training, user confluence documentation, and transition planning.
* Maintain good communication with both technology and business teams.
* Call out issues to ensure projects and programs are efficient and on track.
Skills
Functional Skills
* Solid understanding of risk management and interest rate derivatives.
o Interest curve construction bootstrapping
o Good understanding of interest rate Swaps & FRA products, payoff, pricing and risk calculations
o Good understanding of VAR calculation is desirable
o Strong mathematical skills
Technical Skills & Technical Awareness
* Data Analysis
o Acquire data from various sources to build reconciliations.
o Create data reconciliation reports.
o Results analysis to identify causes of errors.
o Interpret trends in data sets to help identify failures.
* Writing simple SQL queries to analyse Risk data
* Very good knowledge of Excel formulas & shortcuts. VBA knowledge desirable.
* Knowledge of vendor systems Murex and Python skills desirable.
* Awareness of programming concepts, APIs, and system integration principles.
Analytical & Problem-Solving Skills
* Strong analytical and practical skills to evaluate complex business and technical problems.
* Defines problems clearly, contributes to solutions, and identifies effective resolutions.
* Applies structured thinking to break down high-level product visions into detailed, actionable requirements and acceptance criteria.
Communication & Influence
* Communicates with clarity and precision, tailoring information to different audiences.
* Engages in discussions to influence outcomes, behaviours, or decisions.
* Experience communicating effectively with internal and external collaborators.
Planning & Delivery
* Plans, leads, and optimises team resources to maximise results and meet performance goals.
* Demonstrates ownership of deliverables and timelines, ensuring alignment with project objectives.
Testing & Automation
* Manual and Automated Tests
o Good exposure to financial functional testing
o Design automated solutions using existing in-house testing capabilities.
o Investigate testing breaks from a business perspective.
Delivery & Methodology Skills
* Familiarity with Agile and Scrum methodologies is desirable
* Writing clear stories with detailed business requirements, tests, prototypes, and acceptance criteria
* Good knowledge of the full project lifecycle
* Understanding of technology development lifecycles and sound architectural principles
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.
About LSEG
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 values are Integrity, Partnership, Excellence and Change. We are an equal opportunities employer and do not discriminate on the basis of race, religion, colour, national origin, gender, sexual orientation, gender identity or expression, age, marital status, veteran status, pregnancy or disability. We comply with applicable law and accommodate religious practices and mental or physical disability needs where reasonable.
We are a collaborative and creative culture that values new ideas. We are committed to sustainability and partnership with customers, and we support charitable grants through the LSEG Foundation. We offer a range of tailored benefits including healthcare, retirement planning, paid volunteering days and wellbeing initiatives. Please read the privacy notice carefully regarding how your data will be processed in applications.
If you are submitting as a Recruitment Agency Partner, please ensure candidates are aware of this privacy notice.
#J-18808-Ljbffr