Model Validation Manager, LCH Ltd

Overview

In this role you will lead model validation within CRO for LCH Ltd clearing services and CaLM, driving independent challenge of models across risk areas. You will partner with the Quantitative Analysis and Model Validation Director and the wider Market Risk Team to ensure regulatory-compliant validation cycles and robust risk insights. You will act as a subject matter expert for LCH Ltd Model Validation in internal and regulatory contexts. This is a hands-on, impact-focused role in a dynamic, collaborative environment across LSEG’s risk and validation functions.

Pay / Benefits

• healthcare
• retirement planning
• paid volunteering days
• wellbeing initiatives

Responsibilities

• Manage the annual LCH Ltd Model Validation cycle and off-cycle reviews within timelines, challenging model owners on formulation and assumptions
• Support governance by maintaining market risk policies related to model validation and review
• Oversee independent validations of initial margin, pricing, credit rating, stress testing, liquidity and collateral risk models, coordinating with LSEG Model Validation, Procurement and external providers
• Maintain model inventory, actions tracking, validation reports, policies, and provide management information to committees (e.g., ERC, RiskCo)
• Provide insights on Model Validation topics for LCH Ltd and represent the function in internal and regulatory engagements
• Act as a quantitative risk expert supporting other risk managers and develop analytical tools for risk analysis
• Collaborate with first line risk and external validators to ensure robust validation outcomes
• Produce and review technical model validation reports for senior governance audiences

Key requirements

• Strong experience in quantitative risk, model validation or model development in financial services
• Good understanding of the central clearing business
• Deep domain expertise in risk management techniques (VaR, Expected Shortfall, Stress Testing)
• Ability to critically review risk models and provide effective challenge to senior technical colleagues
• Strong organizational skills managing complex deliverables with limited resources
• Demonstrable programming experience, especially Python and SQL
• Experience producing technical model validation reports for senior audiences

• Good collaboration and negotiation
• Proactive, pragmatic and thoughtful approach
• Strong presentation skills for senior stakeholders
• Risk management techniques: VaR, Expected Shortfall, Stress Testing
• Model validation reporting
• Programming: Python, SQL

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