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 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
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Escalate daily risk exposures and produce regular reports highlighting material risk drivers.
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Lead end-of-day exposure assessments, including pre-close checks and margin impact analysis.
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Validate data inputs and pricing models used in risk calculations and margin processes.
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Support the review and back-testing of risk models to ensure alignment with market behaviour.
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Ensure consistent application of risk policies and contribute to periodic reviews of risk processes.
Stress Testing
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Maintain and update stress-testing scenarios to reflect relevant market risks.
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Evaluate the impact of market stress on member exposures and assess Default Fund adequacy.
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Ensure inclusion of new products and scenarios within the stress-testing framework, as appropriate.
Default Management
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Assist with the execution of default management drills and contribute to post-event analysis.
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Support interactions with clearing members involved in the Default Management Group (DMG).
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Ensure that appropriate procedures are in place to handle a member default effectively.
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Facilitate trade capture during simulation exercises and coordinate with operations teams.
Product & Process Support
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Help define risk requirements for new product initiatives and system enhancements.
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Contribute to the specification and testing of risk processes, reporting tools, and control mechanisms.
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Assist in assessing the risk implications of clearing new contracts and onboarding new members.
Candidate Requirements
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Prior experience in a financial institution, preferably within a central counterparty, investment bank, or broker.
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Familiarity with FX derivatives and/or interest rate products such as swaps, repos, and futures.
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Working knowledge of risk concepts, stress testing, and margining principles.
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Proficiency in using risk systems and data tools; experience with Murex (preferred).
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Strong analytical skills and attention to detail.
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Good communication and collaboration skills.
Desirable
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Degree or equivalent experience in a quantitative or finance-related field (e.g., Mathematics, Economics, Finance).
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Exposure to programming or automation tools (e.g., Excel VBA, Python).
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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.
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