LSEG
Model Validation Manager, LCH Ltd
United Kingdom · Work style not stated · Full time
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About the role
Description from the employer’s posting. Check the employer’s page for the current version.
- EmployerLSEG
- LocationUnited Kingdom
- Work styleWork style not stated
- Employment typeFull time
- Employer posted
Key responsibilities of the role:
The Model Validation Manager is responsible for Model Validation and sits within the CRO function. The role reports to the Quantitative Analysis and Model Validation Director, within the broader Market Risk Team. The role covers all clearing services in LCH Ltd (SwapClear, Listed Rates, ForexClear, RepoClear and EquityClear) and CaLM (Collateral and Liquidity Management).
Specific responsibilities include:
- Manage the execution of the annual LCH Ltd Model Validation cycle (including off-cycle material model change reviews) within regulatory and policy compliant timelines, providing effective challenge to model owners on model formulation, assumptions and implementation.
- Supporting the Quantitative Analysis and Model Validation Director in maintaining relevant market risk policies (e.g. Model Governance Validation & Review)
- Manage the independent validations of the LCH Ltd initial margin models, pricing models, credit rating models, stress test scenarios, liquidity risk framework, collateral risk framework and related risk procedures. Including interactions with the LSEG Model Validation Team, Procurement and external Model Validation providers.
- Maintain up to date model inventory, actions tracking, model validation reports, policy and procedure and provide MI to Executive Committees such as ERC, RiskCo.
- Supporting the Quantitative Analysis and Model Validation Director in providing insight on Model Validation topics for LCH Ltd, acting as the subject matter expert for LCH Ltd Model Validation, in internal as well as regulatory engagements.
- Acts as a quantitative risk expert in support of all other risk managers in the team
- Helps develop and maintains analytical tools to enable risk analysis
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Work experience
- Strong experience working in a quantitative risk, model validation or model development function within a financial services organisation and/or model validation experience working on financial risk models
- Good understanding of the central clearing business
Technical skills
- Deep domain expertise, including extensive technical knowledge of risk management techniques such as Value at Risk, Expected Shortfall and Stress Testing
- Ability to critically review risk models and provide effective challenge to senior technical colleagues
- Strong organisational focus with experience of handling a complex set of deliverables with limited resources
- Demonstrable programming expertise, with prior experience in Python and SQL preferred
- Able to produce and review technical model validation reports for senior governance audiences
Soft skills
- Good collaboration and negotiation skills to be successful as the role will interact with other departments, most notably the first line risk teams and LSEG model validation team, as well as external validators.
- Proactive, pragmatic, and thoughtful approach
- Good presentation skills to convey model validation outcomes to senior stakeholders
Education:
- Educated to a degree level in a numerical or scientific field, or equivalent experience
- Post-graduate qualifications in a quantitative field would be a definite advantage
- Relevant professional qualifications, would be advantageous
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.
Please take a moment to read this privacy notice carefully, as it describes what personal information London Stock Exchange Group (LSEG) (we) may hold about you, what it’s used for, and how it’s obtained, your rights and how to contact us as a data subject.
If you are submitting as a Recruitment Agency Partner, it is essential and your responsibility to ensure that candidates applying to LSEG are aware of this privacy notice.
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At a glance
- Employment typeFull time
- Employer posted
- Added to ROLIVA
- Last checked
Skills in this posting
Skills ROLIVA found in the employer’s own description above. A mention is not a requirement.