Senior Risk Developer

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 CCP in Repurchase agreement (Repo) businesses, providing clearing services for most European Government debts (refinancing/repo transactions).).

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.

Each Business Line has its own delivery team. A centralised architecture and integration team defines technical guidelines and guaranties harmonious integration of the developments performed by each Business Lines dev teams.

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 also 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 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 requirement for IT teams

Develop and implement quantitative solutions

Proto-typing 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 developer to help in maintaining the Margin Liability and Investment Risk frameworks.

Key Responsibilities

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

Working experience

Financial background preferably in counterparty or market risk

Education

Degree in a numerate discipline

IT Skills

7+ years of experience in the software development

Demonstrate experience developing and deploying applications in a cloud environment (preferably AWS)

Strong programming skills: Java 21, Spring, REST

Experience in 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, problem solving skills

Effective communication skills (written and oral).

Ability to work with team delivery environment.

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.

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