Senior Risk Developer

About LCH and the RepoClear SA Risk IT Team

Part of the London Stock Exchange Group (LSEG), LCH is a leading clearing house, serving major international exchanges and platforms, as well as a range of OTC markets. In particular, LCH is a leading Central Counterparty (CCP) in Repurchase agreement (Repo) businesses, providing clearing services for most European Government debts. LCH works closely with market participants to identify and develop innovative clearing solutions. A sound and efficient margin algorithm is essential in both meeting the risk standards of the company and making the service appealing from a trading perspective.

The Repo Risk platform (MLM) is a common platform shared between different Business Lines, with each Business Line having its own delivery team. A centralised architecture and integration team defines technical guidelines and guarantees harmonious integration of developments.

Based in London, the RepoClear SA Risk IT team works directly with and under the direction of the Product Owner team based in Paris, and in close relation with the centralised architecture teams.

As part of the RepoClear Business lines, the Business “Risk IT” team is accountable for:

• Designing and building Risk IT systems.
• Automating continuous development / continuous integration of the First line Risk IT framework.
• Implementing software applications for First Line Risk IT systems.
• Implementing margin algorithms (Pricing models, risk models and parameter calibration) in a standard consistent with EMIR regulation and LCH internal policies.
• Testing the system.
• Writing business requirements for IT teams.
• Developing and implementing quantitative solutions.
• Prototyping and testing (UAT).

The RepoClear SA business Line is responsible for the design and maintenance of the MLM platform and is looking to onboard a Senior Risk Developer to help in maintaining the Margin Liability and Investment Risk frameworks.

Key Responsibilities of a Senior Risk Developer

• Design and development of the backend engine for Risk IT and clearing.
• Full cycle of testing from the theoretical model to production.
• Implementation of Market Data and Risk related projects.
• Gathering of business requirements and agreeing between IT, App Support teams, businesses teams in RCL and Exchanges.
• Analysis and implementation of performance improvements to the existing risk models across different products.
• Maintenance and support of the existing risk libraries and risk simulators.
• Provide 3rd line support for Risk Applications.

Required Experience and Skills

Working Experience

• Financial background, preferably in counterparty or market risk.

Education

• Degree in a numerate discipline.

IT Skills

• 7+ years of experience in software development.
• Demonstrated experience developing and deploying applications in a cloud environment (preferably AWS).
• Strong programming skills: Java 21, Spring, REST.
• Experience in a risk or a quantitative role.
• Experience in delivering IT solutions from design to production.
• Sound conceptual / technical knowledge of modern IT infrastructure stack.

Soft Skills

• Able to work independently, with strong problem-solving skills.
• Effective communication skills (written and oral).
• Ability to work within a team delivery environment.

Career Stage

Senior Associate

About LSEG (London Stock Exchange Group)

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. 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.

Key skills/competency

• Java 21
• Spring Framework
• RESTful APIs
• AWS Cloud
• Financial Risk
• Quantitative Analysis
• Backend Development
• Software Architecture
• EMIR Regulation
• Problem Solving