Operational Risks Permanent Control Manager

LSEG (London Stock Exchange Group): is more than a diversified global financial markets infrastructure and data business. We are dedicated, open-access partners with a dedication to excellence in delivering the services our customers expect from us. With extensive experience, deep knowledge, and worldwide presence across financial markets, we enable businesses and economies around the world to fund innovation, manage risk and create jobs. It’s how we’ve contributed to supporting the financial stability and growth of communities and economies globally for more than 300 years Through a comprehensive suite of trusted financial market infrastructure services - and our open-access model - we provide the flexibility, stability and trust that enable our customers to pursue their ambitions with confidence and clarity.

LSEG is headquartered in the United Kingdom, with significant operations in 65 countries across EMEA, North America, Latin America and Asia Pacific.

LSEG employ 25,000 people globally. You will be joining the London Clearing House (LCH) that is the French subsidiary of LSEG based in Paris with over 250 internal staff. LCH is a critical infrastructure for the Financial Market recognized as a leading international clearing house.

Risk Management at LCH: LCH’s world-class risk management framework provides the financial markets with exceptional levels of protection. Both the soundness of its risk management approach and the resilience of its systems have been proven in recent times. As demand for robust clearing services continues to grow, LCH is committed to setting and maintaining the highest standards in a manner which is prudent, aligned with the Board’s risk appetite, supporting the company's development initiatives and consistent with its regulatory status and responsibilities.

Context and missions:

- The Operational Risk and Permanent Control team assists the entity Chief Risk Officer (CRO) with developing and implementing a comprehensive and effective permanent control framework at LCH SA, to ensure risk risks are handled within the Boards’ risk appetite.

Scope of risks oversight:

- The Operational risks, defined in the Risk Governance Framework and specified in the team organization based on the domain of expertise. This includes notably, continuity, data, third party, operational processes and physical security risks.
- The permanent control framework consolidation for the CCP, After having familiarized himself/herself with the Operational Risk and Permanent Control documentation, the technical and organizational environment of Clearing activities, and the operational risk information system, the OR&PC members mission is to contribute to:
Permanent control Framing and methodology:

- Contribute to develop and maintain a comprehensive permanent control framework for LCH SA, mainly supported by the Permanent control procedure.
- Contribute to develop and maintain policy framework (and applicable standards) for Operational Risks in accordance with LCH SA Risk appetite ensuring that framework is fit for purpose and Business is in compliance with the group policies and the regulatory requirements (mainly ACPR arrété du 3 nov 2014, AMF, EMIR, DORA, CFTC, Reg SCI)
- Contribute to the Crisis coordination framework including Default: Definition and maintenance of the Crisis management framework, and default crisis coordination framework, encompassing crisis management and tool testing and coordination
- Contribute to Business continuity, recovery, testing methodology and framework: support the LOD1 in the maintenance of an effective framework.

Independent controls on applicable operational risks:

- Define and perform 2nd line of defense control plan, ie ensure an adequate framework of permanent controls is well established and perform control assurance, control testing, deep dive as defined in the Permanent Control Procedure.
- Testing the design and operational effectiveness of these controls.
- Liaising and challenging the relevant teams and/or the operational risk correspondents to define proper action plans in case of insufficient result and or any anomalies detected.

Recording, metrics and governance:

- Ensuring that the controls of 1st and 2nd levels are correctly recorded in the operational risk information system.
- Formalizing a report/statement of progress to the internal risk governance and to the Group one if any.
- Creating/ maintaining dedicated KRI /KCI and doing its follow-up to the internal risk governance

Risk assessment challenge:

- Support the 1st Line of Defence (LoD) operational risk correspondents in the monitoring of their risks (e.g. training, methodology to comply with, etc.)
- Challenge the first line of defense on the risks associated with their BAU (RCSA/RCA, BIA for continuity) and change activities that may impact the risk profile of the CCP (ORA/DORA, issue creation/extension/ closure) and ensure
- Challenge the operational resilience of processes and mitig