Business Programme Manager, CDSClear

LSEG; City Of London; Hybrid; GBP 120,000 - 180,000; Full time

Job summary

LSEG is seeking a senior Programme Lead to drive CDSClear transformations within a global, highly regulated environment. You will own complex delivery across Risk, Operations, Product, Technology, and Legal teams, ensuring alignment with regulatory commitments and business objectives.

The role requires extensive experience in financial services programmes, strong governance, and clear stakeholder communication. A London-based, hybrid work arrangement is provided with flexible options.

Qualifications

• Extensive experience delivering large cross-functional programmes in financial services.
• Proven ability to govern programmes with planning, critical path, dependency, risk and executive reporting.
• Experience leading regulatory and strategic change and translating commitments into executable plans.
• Knowledge of OTC derivatives, clearing and risk in CDSClear context.
• Experience collaborating with business analysts and change analysts; understanding requirements vs delivery.
• Strong knowledge of software delivery lifecycle and testing practices.
• Ability to engage senior colleagues and drive timely decisions across boundaries.
• Excellent written and verbal English; able to prepare management-level reports.

Responsibilities

• Lead delivery of CDSClear’s complex strategic, regulatory and resilience initiatives.
• Own programmes from inception through delivery following governance processes.
• Develop briefs, business cases, delivery plans and roadmaps.
• Establish programme governance, controls, reporting and decision routes.
• Coordinate work across Risk, Operations, Product, Technology and Legal teams.
• Manage milestones, dependencies and scope within budget.
• Act as primary delivery lead for major transformation programmes.
• Coordinate regulatory commitments with business and technology teams.
• Identify and manage risks, issues and dependencies; escalate as needed.
• Secure resources and align CDSClear roadmap with senior management.

Skills

Cross-functional programmes

Governance and reporting

Regulatory change delivery

Technology delivery lifecycle

Stakeholder engagement

English communication

Risk and issue management

Analytical problem solving

Education

PRINCE2 / PMP certification

Job description

ROLE SUMMARY

CDSClear is LCH’s credit derivatives clearing service, clearing Credit Default Swaps across European, APAC and US indices and single names for clearing members and clients, with options clearing also forming part of the service offering.

WHAT YOU'LL BE DOING

• Lead delivery of CDSClear’s most complex strategic, regulatory, resilience and commercial transformation initiatives, ensuring alignment with business objectives, regulatory commitments and target operating outcomes.
• Own assigned programmes and projects from inception through delivery, in accordance with approved Group change policies and governance processes.
• Develop programme and project briefs, initiation documents, business cases, integrated delivery plans and implementation roadmaps.
• Establish proportionate programme and project management frameworks, governance forums, controls, reporting and decision-making routes.
• Coordinate delivery across interconnected workstreams spanning Risk, Operations, Product, Technology, Client Services, Legal, Compliance, Finance and Shared Services.
• Determine the critical path and actively manage milestones, dependencies, priorities and implementation sequencing to drive delivery on time, within budget and within agreed scope.
• Act as the primary delivery lead for significant transformation initiatives, providing transparent status, decision support and recommendations to senior management, governance forums and steering committees.
• Lead implementation of regulatory and supervisory commitments, coordinating business, operational and technology activities against agreed milestones and evidence requirements.
• Identify, assess and actively manage delivery risks, issues, assumptions, dependencies and decisions, escalating promptly where programme outcomes may be affected.
• Secure the resources and expertise required from the wider organisation and communicate the CDSClear roadmap to support collaboration, prioritisation and timely decision-making.
• Work closely with the Lead Change Analyst to integrate requirements, process analysis, impact assessment, testing and business change activities into the overall programme plan.
• Provide the Lead Change Analyst with clear project objectives, delivery priorities, milestones and dependencies, while maintaining separation between programme delivery accountability and detailed analysis ownership.
• Ensure operational readiness, process and control changes, training, testing, implementation and transition activities are coordinated to support sustainable adoption.
• Maintain an integrated view of the CDSClear change portfolio with the Head of Transformation, highlighting delivery risk, resource constraints, cross-programme dependencies and strategic decision points.
• Chair steering committees, working groups and delivery forums as required, ensuring actions, decisions and accountabilities are recorded and followed through.
• Estimate, plan, track and analyse budgets, actual expenditure and forecasts, and support robust financial governance throughout the delivery lifecycle.
• Build a shared understanding among stakeholders of programme objectives, timelines, deliverables, responsibilities and required actions.

WHAT YOU'LL BRING

Experience And Capabilities

• Substantial experience leading complex, cross-functional programmes in financial services, financial market infrastructure, clearing, post-trade or another highly regulated environment.
• Delivery of programmes involving significant technology change and front-to-back process impacts across Trading, Risk, Operations and client or member-facing functions.
• Strong programme governance capability, including planning, critical-path management, dependency management, risk and issue control, financial oversight and executive reporting.
• Ability to lead regulatory and strategic change, translating commitments and business priorities into executable plans and coordinated delivery outcomes.
• Knowledge of OTC derivatives, trade lifecycle, clearing and risk sufficient to understand and challenge programme deliverables affecting the CDSClear service.
• Experience working with business analysts and change analysts, with a clear understanding of the distinction and interdependency between programme delivery, requirements, functional analysis, testing and business readiness.
• Strong understanding of technology delivery methodologies and the software development lifecycle, including business acceptance testing and sign-off.
• Credibility to engage senior colleagues, chair governance forums, present delivery choices and trade-offs, and drive timely decisions across organisational boundaries.
• Excellent written and verbal communication skills in English, including the preparation of high-quality programme documentation, business cases, plans and senior management reporting.
• A rigorous, curious and hands-on approach, with sound judgement, resilience and a strong focus on outcomes, collaboration and accountability.

Desirable Experience And Capabilities

• Detailed knowledge of the credit derivatives trade lifecycle, including clearing and post-trade events.
• Experience delivering external product launches with dependencies on clearing members, clients or other external partners.
• Knowledge of regulations affecting credit derivatives trading and clearing.
• PRINCE2, PMP or an equivalent programme or project management qualification.
• Business-level French, spoken and written.
• Awareness of cloud infrastructure and technology modernisation topics.

WHAT YOU'LL GET IN RETURN

This is an opportunity to lead high-impact transformation at the centre of a growing, internationally active clearing service. You will work with senior leaders and specialist teams across business, risk, operations and technology, with direct exposure to strategic, regulatory and commercial priorities and the opportunity to shape how complex change is delivered across CDSClear.

We recognise that attracting the best talent requires flexibility and are open to discussing working arrangements. This London-based role follows a blended approach to workplace attendance, subject to applicable LSEG policy and team requirements.

Career Stage

Manager

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.

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.

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.

You will be part of a collaborative and creative culture where we encourage new ideas. We are committed to sustainability across our global business and we are proud to partner with our customers to help them meet their sustainability objectives. Our charity, the LSEG Foundation provides charitable grants to community groups that help people access economic opportunities and build a secure future with financial independence. Colleagues can get involved through fundraising and volunteering.

LSEG offers a range of tailored benefits and support, including healthcare, retirement planning, paid volunteering days and wellbeing initiatives.