Model Validation Manager, LCH Ltd

Role overview

Key responsibilities

• Manage the annual model validation cycle and off-cycle reviews of material model changes within regulatory and policy-compliant timelines.
• Independently validate initial margin, pricing, credit rating, stress test, liquidity risk, and collateral risk models and procedures.
• Challenge model owners on model formulation, assumptions, and implementation.
• Maintain model inventories, action tracking, reports, policies, and procedures, and provide management information to executive committees.
• Support market risk policy maintenance and provide model validation expertise in internal and regulatory engagements.
• Support risk managers as a quantitative risk expert and help develop analytical tools for risk analysis.
• Coordinate with internal teams, Procurement, and external model validation providers.

Experience and qualifications

• Strong experience in quantitative risk, model validation, or model development in financial services, and/or experience validating financial risk models.
• Good understanding of the central clearing business.
• Degree-level education in a numerical or scientific field, or equivalent experience.
• Postgraduate quantitative and relevant professional qualifications are advantageous.

Technical and interpersonal skills

• Deep knowledge of Value at Risk, Expected Shortfall, stress testing, and risk management techniques.
• Ability to critically review models, challenge senior technical colleagues, and manage complex deliverables with limited resources.
• Python and SQL programming experience is preferred.
• Ability to produce and review technical model validation reports for senior governance audiences.
• Good collaboration, negotiation, and presentation skills for interactions with internal teams, external validators, and senior stakeholders.

About LSEG