Senior Manager - Operational Risk , ForexClear

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. We employ 25,000 people globally, more than half located in Asia Pacific. LSEG’s ticker symbol is LSEG.

Our People:

People are at the heart of what we do and drive the success of our business. Our values of Integrity, Partnership, Excellence and Change shape how we think, how we do things and how we help our people fulfil their potential. We embrace diversity and actively seek to attract individuals with unique backgrounds and perspectives. We break down barriers and encourage teamwork, enabling innovation and rapid development of solutions that make a difference. Our workplace generates an enriching and rewarding experience for our people and customers alike. Our vision is to build an inclusive culture in which everyone feels encouraged to fulfil their potential.

We know that real personal growth cannot be achieved by simply climbing a career ladder – which is why we encourage and enable a wealth of avenues and interesting opportunities for everyone to broaden and deepen their skills and expertise. As a global organisation spanning 65 countries and one rooted in a culture of growth, opportunity, diversity and innovation, LSEG is a place where everyone can grow, develop and fulfil your potential with meaningful careers.

Role:

The Senior Manager, Non-Financial Risk reports to the LCH Business Controls Officer and leads a team within the First Line BCO function. The role focuses on championing high-quality risk management practices, assessing and monitoring the risk profile of the ForexClear service, and ensuring compliance with risk appetite to promote a culture of risk excellence.

• Supports business colleagues in delivering and maintaining risk and control assessment, including risk evaluation and measurement, and ensures that effective risk remediation actions are identified to address control vulnerabilities

• Maintains and updates risk framework, ensuring sound risk governance, aligned with best practice and strategic objectives and effective reporting to relevant stakeholders

• Ensures all identified risk remediation activities identified for ‘Outside Risk Tolerance’ risks are tracked and reported within relevant governance forums

• Acts as a point of contact for business colleagues to provide assurance on the soundness of the risk management process

• Contributes to the collation and preparation of materials for relevant risk reporting committees

• Coordinates independent assessment of risks associated with new strategy, new products, major projects or overall risk profile provided to the business

• Provides leadership, coaching and development to the team to drive high performance and ensures resources are allocated effectively (where applicable).

• Supports the LCH Business Continuity Officer with the development of elements of the Non-Financial Risk Framework and executes on the agreed risk management strategies

• Works with significant authority and autonomy when maintaining relationships with relevant Divisional and Functional stakeholder groups and cross-CRO peers

• Seeks opportunities to improve the effectiveness and efficiency of the Non-Financial Risk Function

• Applies expertise of legislation and compliance requirements and external best practices, to develop and implement recommendations to enhance risk monitoring and reporting

• Leads the delivery of high-impact and/or complex risk initiatives by leading a team and/or utilising own technical subject matter expertise

• Takes appropriate actions to ensure mitigation of risks outside of risk appetite by Risk and Control owners in their coverage area

• Takes responsibility for team delivery and building long-term capability through recruitment and development and coaching activities, supports delivery of training.

Responsibilities:

• Drive coordination within the first line for management of business and technology operational incidents or issues that occur, partnering with relevant 1st line NFR teams business and functional heads as well as relevant 2nd line risk partners to remediate and resolve

• Execute risk assessments to identify, evaluate and prioritise risk based on likelihood and impact on the business. This will include collaborating with other 1st line functions (Engineering, operations, etc..) to complete Risk and Control Assessments for each business unit. This includes performing an ongoing review of the control environment, and risk profile, as well as providing management reporting on key risks and remediation plans for LCH Ltd.

• Take ownership of bringing together an aggregated control framework and assurance for the CCP.

• Ensure control framework takes into account and aligns with Group frameworks.

• Lead LCH ltd planning, delivery and reporting progress on operational resilience, control enhancements, coordinate risk reporting and MI to support LCH Ltd leadership and risk committees to perform their duties and make risk-based decisions.

• Establish robust governance within the business services to support risk-based decisions, including regular risk forums with clear escalation pathways.

• Ensure Group Risk policies and standard are adhered to within LCH ltd, coordinate attestations and policy change oversight.

• Identify, assess and mitigate non-financial risks arising from people, processes, systems and external events

• Coordinate the design and execution of risk assessment, control testing and scenario analysis

• Strengthen organisational resilience by improving governance, controls and business continuity planning

• Ensure adherence to regulatory expectations and internal risk management frameworks

• Provide LCH Business Controls Officer and ForexClear Leadership Team with clear, actionable risk insights to support informed decision making

Required skills:

• Confident in relationship building and negotiation

• Systematic and efficient work organization.

• Effective presentation skills with audience engagement.

• Critical thinking and analytical judgment.

• Use of appropriate methodologies to identify and mitigate ForexClear’s risk exposure.

• Clear and precise communication of technical information.

• Trusted advisory role on market, ForexClear business strategy, and operating environment issues.

• Knowledge of legal and regulatory requirements, including reporting and compliance frameworks.

• Continuous process improvement mentality.

• Understanding of internal and external risk frameworks and ability to map controls and metrics accordingly.

• Questioning outlook and critical assessment of evidence.

• Resource planning and management to optimize team performance

Working in the LCH First Line BCO Team offers exposure to a dynamic environment with strategic importance, there is the opportunity to influence business decisions, and is a hybrid work arrangement based in London. The role contributes to organisational resilience and risk prevention.

Career Stage:

Manager

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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