Research and Reporting Assistant recruitment
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 Management 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 best practice;
- Supports the company's development initiatives in clearing new products and markets; and,
- Is aligned with Board expectations and Member demand.
Responsibilities
Overall Function Objective
LCH.Clearnet Limited receives collateral to cover member margin liabilities in various forms and accepts/holds/utilises this in accordance with policies designed to ensure that it remains high quality and liquid, within a Board defined risk appetite, at all times. The credit quality and liquidity of assets into which cash margin is re-invested is paramount to ensuring that the company can meet its daily obligations as well as, alongside the same for non-cash collateral, the requirement to support the close out of positions in the event of a member default.
In addition, government or equivalent securities purchased (outright or under agreement) are used to support credit facilities for various cleared services and will also be used to facilitate inter-operable links going forward. Sufficient collateral is required to be efficiently managed in these regards.
The importance of the activity continues to grow as more and wider services are offered geographically.
Role
Reporting to the Senior Manager, Treasury and Liquidity Risk the role will be to assist in all of the team's day to day, particularly;
• Preparation of regular daily risk management information across all Liquidity and Collateral Management business areas
• Work with discipline specialists to enhance existing reporting and expand weekly and monthly reporting suite
• Working across the group introduce and develop reporting upon payment and settlement risk
• Perform day to day control monitoring upon all aspects of the team's activity and ensure compliance with policy, reporting transparently any exceptions
• Own the team's involvement within the collateral acceptance and pricing processes
• Ensure all meetings run by the team are fully documented with actions assigned and tracked
• Continue evolution of procedures and reporting in place to assist the management around the default of a member firm
Required skills and experience
• Educated to degree level or equivalent
• Strong analytical, numerical and problem solving skills, with good attention to detail
• Good communication skills, both oral and written
• Strong Microsoft Excel skills, Access and VBA skills preferable
• Self-motivated and willing to develop own opinions and to convey these to contribute to the overall development of the Risk Management department.
• Highly motivated.
• Ability to work alone or as part of a team.
Additional Job Board Text
LCH.Clearnet is the leading independent clearing house group, serving major international exchanges and platforms, as well as a range of OTC markets. It clears a broad range of asset classes including: securities, exchange traded derivatives, energy, freight, interbank interest rate swaps credit derivative swaps, and euro and sterling denominated bonds and repos; and works closely with market participants and exchanges to identify and develop clearing services for new asset classes. LCH.Clearnet Group Ltd is owned 83% by users and 17% by exchanges.