Senior Risk Analyst

at  London Stock Exchange Group

Senior Risk Analyst
Job Title: Senior Risk Analyst
Team: SwapClear Risk/APAC Run
Location: Sydney, Australia
Reports To: Head of Risk, APAC

POSITION SUMMARY:

With the commencement of USD futures clearing for FMX, an opportunity has risen for a senior risk analyst to join the Sydney team, focusing on building out our OTC and exchange traded interest rate clearing capabilities.
The Senior Risk Analyst will play a critical role in managing and mitigating the financial risks associated with clearing and settlement operations for interest rate swaps and futures. This role requires a deep understanding of derivatives markets, risk modelling, and regulatory frameworks, as well as the ability to collaborate with internal teams and external stakeholders to maintain market stability.
The role will involve a mixture of operational and risk related tasks on a daily basis.

QUALIFICATIONS AND EXPERIENCE:

• Bachelor’s degree in finance, economics, mathematics, or a related field; advanced degree (MBA, MS, or Ph.D.) is preferred.
• 5+ years of experience in risk management, preferably at a clearinghouse, investment bank, or financial institution with a focus on derivatives.
• Strong knowledge of interest rate swaps, futures, and clearinghouse operations.
• Proficiency in quantitative modeling techniques and risk management tools (e.g., Python, R, SQL).
• Familiarity with regulatory frameworks such as Dodd-Frank, EMIR, and Basel III.
• Excellent analytical, problem-solving, and communication skills.

Risk Assessment and Monitoring:

• Monitor and assess counterparty, market, and liquidity risks for interest rate swaps and futures.
• Analyze stress testing results, margin requirements, and default scenarios to ensure the clearinghouse’s resilience.

Model Development and Validation:

• Develop, implement, and validate quantitative risk models, including margin models, VaR calculations, and stress testing frameworks.
• Ensure models adhere to regulatory standards and industry best practices

Policy and Framework Development:

• Contribute to the development and enhancement of the clearinghouse’s risk management policies and procedures.
• Recommend changes to margin methodologies, haircut policies, and other risk parameters.

Regulatory Compliance:

• Stay up to date on regulatory requirements (e.g., CFTC, EMIR) and ensure compliance in all risk management practices.
• Prepare reports and respond to inquiries from regulators and auditors.

Data Analysis and Reporting:

• Conduct detailed data analysis to identify emerging risks and provide actionable insights.
• Prepare regular and ad hoc risk reports for senior management and the board of directors.

Stakeholder Collaboration:

• Work closely with clearing members, market participants, and internal teams (e.g., operations, legal, compliance, sales) to address risk-related issues.
• Provide training and guidance on risk management practices and methodologies.
• Provide technical support to end clients.