Director Operations, ForexClear LCH Ltd.

Reporting to Forexclear Global Head of Risk and Operations ForexClear, the role will be responsible for the day-to-day run of the OTC foreign exchange clearing business with additional responsibilities for supervising onboarding activity. The role will have direct and indirect reports globally to ensure coverage of the service during opening hour. The role will lead ForexClear business risk team globally (12) as well as ForexClear onboarding team (2) based in London. The role will involve ensuring the ForexClear service is run in a resilient and timely manner from opening to close. The role will lead a team in charge of the supervision and validation of all processes and activity via a thorough monitoring of the service, this includes all activities related to FX clearing: trade registration, production of Daily/weekly/monthly/Quarterly MI and Risk reporting, regulatory reporting, start of day and intraday P&L explain, validation of market prices, margin runs and margin calls validation, collateral management, monitoring of daily activity including market operations such as fixing and settlement and Option expiry Process, monitoring of risk in the service, member/client reporting, and monitoring of service, members and clients activity. The role will be responsible for developing an Operational Strategy to support a growing service. This includes improving the tooling to monitor the ForexClear service and ensure cleared FX activity is monitored in real time. The role will lead the team globally to assist ForexClear members, clients and prospect members with any specialist queries and ensure these are responded to in a timely manner. The role will develop and build strong relationship with client, members and other services at the London Stock Exchange. The role will work closely and collaboratively with ForexClear Risk managers, Change and tech support teams as well as contributes to enhancement of ForexClear operational risk profile. The role will be client and key stakeholder and partner facing. The role will work closely with operational risk team to assess resilience of operational process to design and test extreme but plausible scenarios.,

• Leads the delivery of daily operations, strategic and operational projects for the Function, SBU or region to drive the Strategic Objectives and ensure the operating unit is running efficiently, optimising company resources, and maximising ROI.
• Establishes the operating rhythm for the function, SBU or region including the ownership and maintenance of the operating calendar, ensuring awareness and visibility for LT of important events, deadlines and commitments.
• Develops metrics for capturing, analysing, and reporting effectiveness of the Function and drive process improvement, change initiatives and issue resolution.
• Drives alignment on deliverables and removal of barriers to execution through regular conversations with documented commitments and outcomes, driving the flow of information.
• Engages in Group and Function planning and objective setting, supporting Leadership teams follow and meet the requirements of the LSEG annual strategic planning process.
• Manages a team of direct and indirect reports, using the appropriate resources, networks and tools to ensure delivery against objectives and to provide performance management, technical development, guidance and coaching (where applicable)., Measuring effectiveness: Identifies and sets up key measures to track performance, reviewing, analysing and interpreting these to generate insights for decision making.
• Operational excellence: Identifies opportunities to improve efficiency while providing flawless transactions, services and products, manages monetary assets and other resources to optimise cost effectiveness.
• Project planning & delivery: Demonstrates the discipline of planning, organising and managing resources and activities to achieve specified outcomes within a clearly defined timeframe and standards
• Change management: Uses a systematic approach to deal with change, transition or transformation of an organisation's goals, processes or technologies, implementing strategies for effecting behavioural and cultural change, controlling change and helping people to adapt to change.
• Stakeholder management: Builds trusting relationships with internal and external stakeholders to understand their drivers and negotiate positive outcomes.
• Product knowledge: Extensive knowledge of OTC Foreign Exchange products. This includes product features, how & why they are traded, how they are processed and understanding of the valuation and risk management associated with such products
• Strategic thinking: Develops a broad, big-picture view of the organisation and its mission to innovate through analysis of issues and trends and how these link to responsibilities, capabilities and potential of the organisation.
• Communication: Must have excellent communication skills as role will be external facing and requires influencing of senior stakeholders across banks, buyside customers and regulators.
• Experience in regulatory engagement and interaction with regulators.
  
  Excellent people management skills and an ability to build strong relationships across the firm and the industry. People management Leads and manages people, holding responsibility for motivation, attraction, retention and performance management
• Strong experience in running FX Operations at a bank, buy side firm, or Clearing house
• Business insight: Applies knowledge of business practices and approaches to manage the function / division as a viable business entity
• Data analysis: Collects, analyses and interprets data to reach conclusions and/or present insights and findings
  
  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. You will be part of a collaborative and creative culture where we encourage new ideas and are committed to sustainability across our global business. You will experience the critical role we have in helping to re-engineer the financial ecosystem to support and drive sustainable economic growth. Together, we are aiming to achieve this growth by accelerating the just transition to net zero, enabling growth of the green economy and creating inclusive economic opportunity. LSEG offers a range of tailored benefits and support, including healthcare, retirement planning, paid volunteering days and wellbeing initiatives. We are proud to be an equal opportunities employer. This means that we do not discriminate on the basis of anyone's race, religion, colour, national origin, gender, sexual orientation, gender identity, gender expression, age, marital status, veteran status, pregnancy or disability, or any other basis protected under applicable law. Conforming with applicable law, we can reasonably accommodate applicants' and employees' religious practices and beliefs, as well as mental health or physical disability needs. Please take a moment to read this privacy notice carefully, as it describes what personal information London Stock Exchange Group (LSEG) (we) may hold about you, what it's used for, and how it's obtained, your rights and how to contact us as a data subject. If you are submitting as a Recruitment Agency Partner, it is essential and your responsibility to ensure that candidates applying to LSEG are aware of this privacy notice.