First Line Risk Analyst

Role profile:

Job Family: Risk
Role Profile: Risk Analyst

Role, Team and Department Description

The role sits within the RepoClear, EquityClear and Collateral & Liquidity Management (CaLM) In‑Business Risk team at LCH, part of LSEG. This is a first line risk role within the business risk function.

The First Line Risk team is responsible for the day‑to‑day risk management of exposures arising from clearing member activity, ensuring that margin, collateral, market data and related risk processes operate accurately, resiliently and in line with approved risk frameworks.

The role is divided between project/change activity and daily BAU risk management responsibilities, with an approximate split of 20% project work and 80% BAU risk management.

Key elements of the role include:

• Market Data analysis – Day‑to‑day validation and investigation of suspect incoming market and static data, primarily through Bloomberg and Refinitiv interrogation.

• Margin Management – Responsibility for running the end‑to‑end margin management processes. This entails clearing member portfolio analysis, ensuring margin outputs are accurate, explainable and appropriately controlled.

• Risk Management responsibilities – Production of daily, weekly and monthly risk reporting, ad‑hoc risk analysis (including default management‑related activity), limit monitoring, Stress and Back testing analysis and ongoing management of market and static data used in risk calculations.

• Project work and SME input – Significant involvement in market data, instrument data and risk‑related change initiatives, particularly where validation logic or margin inputs are impacted.

• Automation focus – Validation is encouraged to be algorithmic where possible, with the analyst responsible for assisting in the automation of existing risk management processes.

KEY RESPONSIBILITIES

• Perform intraday and end‑of‑day margin run and market data validation in line with parameters prescribed by Risk Management.

• Supervise and operate first‑line controls, working closely with Operational Risk teams to perform regular controls assurance activities and assessments of business continuity plans and operational risk.

• Maintain a low number of control‑related incidents, with control failures acting as a key risk indicator (KRI).

• Ensure swift investigation and resolution of incidents impacting First Line Risk, including the implementation of new controls or improvements to existing controls.

• Act as a key SME for project work across IT and the business taking ownership for User Acceptance Testing (UAT) of margin, risk analytics and market data projects where validation interfaces or workflows are introduced or changed.

• Take ownership of client queries, training, and education arising from daily BAU activities, including training on risk tooling and reporting, margining processes, and day‑to‑day queries related to risk management activities and market data.

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ESSENTIAL EXPERIENCE AND SKILLS

Personal Attributes

• Proactive, can‑do attitude with strong ownership of outcomes.

• Willingness to learn, develop and adapt in a fast‑paced risk environment.

• Ability to work optimally under time pressure in a production‑critical setting.

Technical Skills

• Scripting experience in R or Python (useful).

• Experience with Microsoft suite of applications

• Experience using Bloomberg and /or Refinitiv market data.

Career Stage:

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.

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