Description
You will join the Collateral and Liquidity Management department (CaLM) as LCH SA Head of department. The objective of CaLM is to invest clearing member cash margin with a primary focus on preservation of principal and the maintenance of sufficient liquidity.
Responsibilities:
- Identify, supervise and manage risks associated with investing a large cash portfolio.
- Invest cash safely and in accordance with relevant policies, limits and regulatory requirements.
- Define and develop investment and liquidity strategy and related policies.
- Assess the impact of policy and methodology changes.
- Lead and support incident management as required.
- Supervise collateral liquidation and liquidity management in the event of a default.
- Partner with Risk and business to maintain robust default management processes.
- Actively participate in default fire drills.
- Maintain and develop counterparty relationships.
- Communicate CaLM requirements to internal partners.
- Support client-facing teams in delivering standard process and a seamless client service.
- Own front-to-back processes and deliver improvements to the operational risk profile.
- Update relevant procedures and guidelines.
- Provide management for CaLM both locally and globally.
- Manage Investment, Liquidity, Credit and Interest Rate Risks.
- Maintain and update the Liquidity Plan.
- Escalate any liquidity or investment concerns.
- Proactive intraday Liquidity Management and monitoring.
- Ensure liquidity testing and reporting is undertaken.
- Assess liquidity/investment implications of new clearing products.
- Oversight of Asset encumbrance requirements.
- Escalate any investment or liquidity-related concerns.
- Ensure appropriate due diligence, legal agreements and credit approvals are in place.
Experience and Skills:
- Extensive experience managing a large cash balance.
- Detailed understanding of Liquidity Management, short term Government markets, Repo and/or Securities Financing, Spot and Forward FX and currency swaps.
- Well-established external market contacts.
- Experience of default management.
- Comfortable interpreting direction and making independent decisions.
- Experience leading improvements to the operational risk profile.
- Understanding of the regulatory environment.
- Strong technical and social skills.
- Experience collaborating across multiple centres and time zones.
- People management experience.
Personal Attributes:
- Approachable and personable.
- Enthusiastic, with the ability to perform in a demanding environment.
- Able to motivate change independently.
- Strong communication skills.
- Curious and willing to challenge the status quo.