Director, Credit

Director, Credit & Strategic Risk

Overview

The Clearing House needs to provide robust and prudent risk management in order to meet its overriding objective: to provide Clearing Members with a central counterparty of the highest quality and to safeguard the interests of the company's shareholders and contributors to its Clearing Funds. The goal of the Risk department is to manage the risk appetite of the Company in a manner which:

• Is prudent in risk management terms.
• Is robust operationally;
• Is consistent with its regulatory status and responsibilities.
• Is in line with market the highest standard.
• Supports the company's development initiatives in clearing new products and markets; and,
• Is aligned with Board expectations and Members demand.

Description of the mission

The Director, Credit & Strategic Risk will ensure that all the credit risk standards are applied efficiently across the organization, such as the counterparties credit risk assessments (including banks, non-bank financial institutions, central banks, funds, insurance companies, sovereigns and supranational).

They will ensure that continuous monitoring is in place and corresponding reports are circulated to the relevant audience (internal, external, NCAs).

They will also have oversight on Strategic risks such as Geopolitical, Emerging trends, international economic dynamic. They will lead regular studies, thematic reviews or adhoc requests related to strategic and credit related matters.

They will develop the tooling, methodology and reporting in order to further enhance the Credit team delivery quality and capacity.

As a leader of a team of four people in LCH SA work in close collaboration with the LCH Ltd Credit team.

Position in the company

The candidate will manage the LCH SA Credit Risk team, composed of four Credit Risk managers and will report to the Chief Risk Officer.

Context of the mission

In the context of developing clearing activities of the company, the essential functions of this role will be:

• Ensure proper Credit Risk assessments of new Clearing Members are performed efficiently,
• Ensure ongoing assessment and monitoring of existing Clearing Members are performed efficiently,
• Similarly for Banks, Brokers, CCP's, central banks, investment and repo counterparts, funds, insurance companies and supranational/sovereigns
• Chair the Credit Risk Working Group
• Drive the thematics reviews and studies
• Drive recurring or adhoc studies for internal or regulatory purposes, including remediation of model validation recommendations

The candidate will have oversight on all the Credit Risk team's tasks, particularly:

• Analysing Credit Risk of new Clearing Members:
• Assessment of suitability of new clearing members in coordination with other teams,

• Assisting in the preparation of applications for internal committee approval.

• Ongoing assessment and monitoring of existing clearing members:

• Preparing financial analyses on LCH Members based upon qualitative and quantitative data,
• Monitoring financial information and net capital figures and reporting anomalies to management,
• Regular portfolio risk monitoring and analysis to identify and address developing high risk situations,
• Maintenance and update of internal database,
• Producing daily monitoring reports,

• Organising and maintaining Member's financial documentation and spreadsheets and various management reporting.

• Participate to the enhancement of credit risk tools and liaise with other teams:

• Assisting in the development of tools to enhance credit risk reporting,
• Liaise with risk reporting team and IT to ensure good development and application of new tools.
• Liaise with risk reporting and other IT teams in order to propose solutions as regards to credit risk reporting.

In addition, The Director, Credit & Strategic Risk will:

• Review team's assessments, and give an opinion on scoring decisions,
• Identify key geopolitical, economic, financial or emerging risks developments that require communication to top Managers and perform related reporting, assessments, memos when relevant.
• Provide feedback to internal partners as needed (CSM, CaLM, Compliance, Finance…),
• Actively participate to discussions involving Credit & Strategic Risk related matters such as CRWG, ERWG, MCWG and provide Credit Risk opinion in the context of new initiatives or ad hoc discussions with local or group partners

Duration

Full time employee with permanent contract.

Functional and technical requirements

• Master Degree (Business or Engineering School)
• At least 10 years of experience in credit analysis (including financial institutions)
• Good accounting and analytical skills (mainly banks, funds, insurance, sovereigns)
• Credit knowledge on various entity types (banks, non-banks financial institutions, funds, insurance companies, sovereign, etc..)
• Good economic, geopolitical, international, financial understanding
• Capacity to perform detailed studies presented to senior executives
• Good understanding of CCP challenges
• Tools: Microsoft Office, Bloomberg, VBA

Personal skills

• Highly motivated and proactive with strong leadership
• Ability to work in a team-oriented environment
• Ability to communicate to senior partners (local or group level), NCAs, Board members
• Good social skills, including smooth discussions with other internal teams as requirement emerges
• English level: good level both written and oral (necessity to provide reviews or studies to be presented in forums and committees)
• Ability to understand the firm's challenges and business dynamic
• Detailed oriented and problem-solving skills
• Strong analytical, quantitative, and organizational skills

Career Stage:

Director

London Stock Exchange Group (LSEG) Information:

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.

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 purpose is the foundation on which our culture is built. Our values of Integrity, Partnership, Excellence and Change underpin our purpose and set the standard for everything we do, every day. They go to the heart of who we are and guide our decision making and everyday actions.

Working with us means that you will be part of a dynamic organisation of 25,000 people across 65 countries. However, we will value your individuality and enable you to bring your true self to work so you can help enrich our diverse workforce.

We are proud to be an equal opportunities employer. This means that we do not discriminate on the basis of anyone's race, religion, colour, national origin, gender, sexual orientation, gender identity, gender expression, age, marital status, veteran status, pregnancy or disability, or any other basis protected under applicable law. Conforming with applicable law, we can reasonably accommodate applicants' and employees' religious practices and beliefs, as well as mental health or physical disability needs.

You will be part of a collaborative and creative culture where we encourage new ideas. We are committed to sustainability across our global business and we are proud to partner with our customers to help them meet their sustainability objectives. Our charity, the LSEG Foundation provides charitable grants to community groups that help people access economic opportunities and build a secure future with financial independence. Colleagues can get involved through fundraising and volunteering.

LSEG offers a range of tailored benefits and support, including healthcare, retirement planning, paid volunteering days and wellbeing initiatives.

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