Business Manager Cdsclear

CDSClear is responsible for clearing Credit Default Swaps on European, APAC and US indices and Single Names for the members and clients currently registered for the service with LCH. Recent innovation has also seen the introduction of the clearing of options.

The Service is one of the fastest growing streams across all the LCH business lines and is looking to build on recent successes to further increase market share, in both European, Asian and US markets, as well as increasing the type of products offered for clearing through the service.

SA DigitalAssetClear will provide Market participants with access to clearing of cash-settled Crypto Derivatives. LCH DigitalAssetClear is our fully-regulated, segregated clearing solution for cash-settled Bitcoin index futures and options contracts traded on GFO-X, the UK’s first FCA-regulated multilateral trading facility (MTF) dedicated to digital asset derivatives and planned to launch in 2024.

CDSClear & DigitalAssetClear staff are located across London, Paris and New York.

Role description:
The role is for a CDSClear and SA DigitalAssetClear Business Manager in charge of the shared Business Management team that includes Operational Risk, working within each business line’s COO office Team. Significant engagement will be required with CDSClear’s business and SA DigitalAssetClear‘s business aligned teams - Business Development & Relationship Management, Product, IT, Risk and Operations - but also with shared functions including Legal, Compliance, Finance and Shared Services IT teams across London and Paris.

2024-2030 is expected to see significant commercially driven projects with the largest delivery being extension of the CDSClear service into the US and the business launch of a new business line dedicated to the clearing of Bitcoin Derivatives (SA DigitalAssetClear).

Hybrid work is required (3 days a week in the office).

Role profile:
This role offers the opportunity to work in a dynamic environment, collaborate with cross functional Teams and play an important role in the business lines development and deliveries.

In LCH we will value individuality and enable employees to bring their true self to work so they can help us enrich our diverse workforce.

Key Responsibilities

Internal business governance and leadership
- Monitor financial performance and provide insights on cost management and resource optimisation,
- Own Financial modelling, forecasting and ongoing financial management for both businesses
- Ensure support to the COO of both business lines,
- Support and manage the production of reports, memos, presentations required for the internal Group governance (LSEG Board, LCH SA Board, Post Trade reports, Business briefings ) and external presentations (regulators, directors’ induction )
- Find opportunities for process improvements and efficiency enhancements,
- Develop and track key performance indicators to measure progress and success against established objectives,
- Build and maintain strong relationships with internal and external partners, ensuring effective communication and collaboration,
- Stay informed about the industry trends, competitive landscape and report to senior management,
- Support the COO of both business lines in overseeing day to day business operations, including but not limited to Finance, HR, Marketing, Legal, Compliance, IT and business lines’ administration,
- Ensure relevant and effective governance and committee structures operate at business line level and with relevant support functions,
- Support programmes to improve culture and behaviours across the CCP, and LSEG values.

External business governance
- Support, manage and own interactions with CDSClear’s external governance forum i.e. CDC Board, CDSClear Consultative Committee),
- Support, manage and own interactions with SA DigitalAssetClear’s external governance forum i.e. Operational Committee.

Resilience and Audit Management
- Manage the CDSClear and SA DigitalAssetClear Operational Risk resources to ensure the business lines comply with relevant regulations and the Group policies,
- Drive and coordinate the implementation of Resilience-driven projects (e.g. CEP, GORP, DORA) across CDSClear and SA DigitalAssetClear businesses,
- Work in partnership with the Internal Audit Department to resolve issues and manage actions to ensure Audit Compliance ,
- Lead initiatives to improve efficiency of the operations and reduce operational risk,
- Collaborate with leadership to foster a risk-aware culture, encouraging all employees to proactively identify and report operational risk.
- Business Manager with proven record in the Financial / banking sector, ideally with Capital Market / OTC experience,
- Effective Microsoft Office skills for drafting reports, presentations, memos, in particular Excel and PowerPoint,
- Cross regional internal experience is key including strong verbal and written communication skills in English and French,
- Experienced in