ForexClear Senior Risk Analyst

London Stock Exchange Group; Greater London; On-site; GBP 80,000 - 100,000; Full time

Job summary

A leading global financial markets infrastructure provider is seeking a Senior Risk Analyst to enhance the risk management of its OTC foreign exchange services. The role involves monitoring exposures, supporting margin processes, and engaging in default management. Candidates should possess strong analytical skills and familiarity with FX derivatives. This position provides immersive exposure to risk activities and opportunities for continuous improvement in a collaborative environment.

Benefits

Healthcare

Retirement planning

Paid volunteering days

Wellbeing initiatives

Qualifications

• Prior experience in a financial institution, preferably in a central counterparty or investment bank.
• Familiarity with FX derivatives and interest rate products.
• Proficiency in risk systems and data tools.

Responsibilities

• Monitor daily risk exposures and produce regular reports.
• Lead exposure assessments including margin impact analysis.
• Support default management drills and contribute to analysis.

Skills

Risk monitoring

Analytical skills

Collaboration

Education

Degree in quantitative or finance-related field

Tools

Murex

Excel VBA

Python

Job description

ForexClear Senior Risk Analyst page is loaded## ForexClear Senior Risk Analystlocations: London, United Kingdomtime type: Full timeposted on: Posted Todayjob requisition id: R0114337**Role Overview**LCH’s ForexClear division is looking for a Senior Risk Analyst to support the day-to-day risk management of our OTC foreign exchange clearing service. The role focuses on monitoring exposures, supporting margin and stress-testing processes, and contributing to default management readiness. This is a technical and collaborative position that will work closely with internal teams, clearing members, and market participants.The successful candidate will also have opportunities to support new product risk assessments and process enhancements, contributing to the ongoing development of risk capabilities at ForexClear.**Key Responsibilities****Risk Monitoring*** Escalate daily risk exposures and produce regular reports highlighting material risk drivers.* Lead end-of-day exposure assessments, including pre-close checks and margin impact analysis.* Validate data inputs and pricing models used in risk calculations and margin processes.* Support the review and back-testing of risk models to ensure alignment with market behaviour.* Ensure consistent application of risk policies and contribute to periodic reviews of risk processes.**Stress Testing*** Maintain and update stress-testing scenarios to reflect relevant market risks.* Evaluate the impact of market stress on member exposures and assess Default Fund adequacy.* Ensure inclusion of new products and scenarios within the stress-testing framework, as appropriate.**Default Management*** Assist with the execution of default management drills and contribute to post-event analysis.* Support interactions with clearing members involved in the Default Management Group (DMG).* Ensure that appropriate procedures are in place to handle a member default effectively.* Facilitate trade capture during simulation exercises and coordinate with operations teams.**Product & Process Support*** Help define risk requirements for new product initiatives and system enhancements.* Contribute to the specification and testing of risk processes, reporting tools, and control mechanisms.* Assist in assessing the risk implications of clearing new contracts and onboarding new members.**Candidate Requirements*** Prior experience in a financial institution, preferably within a central counterparty, investment bank, or broker.* Familiarity with FX derivatives and/or interest rate products such as swaps, repos, and futures.* Working knowledge of risk concepts, stress testing, and margining principles.* Proficiency in using risk systems and data tools; experience with **Murex** (preferred).* Strong analytical skills and attention to detail.* Good communication and collaboration skills.**Desirable*** Degree or equivalent experience in a quantitative or finance-related field (e.g., Mathematics, Economics, Finance).* Exposure to programming or automation tools (e.g., Excel VBA, Python).* Understanding of central clearing frameworks and risk standards.**Development and Growth**This role provides exposure to a wide range of risk activities and offers practical experience with cleared products in a regulated market infrastructure. The successful candidate will work closely with experienced risk professionals and traders, gaining insight into the day-to-day risk management of a global clearing service. There will be opportunities to contribute to system enhancements, new product initiatives, and operational improvements as the service evolves.**Career Stage:**Senior Associate**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.Please take a moment to read this carefully, as it describes what personal information London Stock Exchange Group (LSEG) (we) may hold about you, what it’s used for, and how it’s obtained, .If you are submitting as a Recruitment Agency Partner, it is essential and your responsibility to ensure that candidates applying to LSEG are aware of this privacy notice.LSEG (London Stock Exchange Group) 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 culture of connecting, creating opportunity and delivering excellence shapes how we think, how we do things and how we help our people fulfil their potential.