Senior Associate, Clearing Operations - Night Shift

lseg; Taguig; On-site; PHP 600,000 - 900,000; Full time

Job summary

LCH Operations in Manila is seeking a Senior Associate, Clearing Operations, Night Shift. Manila is a new location launched in 2024 to support our growing business, joining London, New York, Sydney and Singapore.

The Clearing Operations team handles daily operational processes for SwapClear, collateral management, and front-office investment activities, primarily reverse repos, with opportunities to rotate across asset classes and gain deep product knowledge.

Qualifications

• Bachelor's degree in Finance, Accounting, Economics or related field.
• Experience in an operations role within financial services or FMI environment.
• Knowledge of collateral/OTC derivatives and/or central clearing processes.
• Strong oral and written communication skills.
• Detail oriented with excellent numerical/analytical skills.
• Ability to understand technical complexity of clearing processes.
• Risk and control mindset.
• Willingness to learn product knowledge.

Responsibilities

• Investigates and resolves trade registration exceptions.
• Performs event management, margin runs, backloading cycles and start-of-day batch activities.
• Completes post-trade lifecycle events such as Give Ups, Portfolio Transfers and compression services.
• Liaises with partners to resolve member/client/trade source and exchange queries.
• Proactively monitors environments and works with IT to resolve issues.
• Participates in ad-hoc testing and quality gate exercises.
• Daily use of Synapse, ALC, Murex, MNP and Clearview.
• Understand default management processes for clearing services and participate in fire drill exercises.
• Work with operational teams in other locations to share knowledge.
• Manage workload independently and ensure procedures are followed and updated.
• Produce daily, weekly and ad-hoc MIS for internal and external interested parties.
• Participate in Internal Audit reviews as needed.
• Identify self-development areas and act on feedback.

Skills

Oral and written communication

Analytical skills

Detail oriented

Risk and control mindset

Education

Bachelor's degree in Finance, Accounting, Mathematics, Economics or related field

Tools

Synapse

ALC

Murex

MNP

Clearview

Job description

Role profile

LCH Ltd (LCH) is a leading multi-asset clearing house, serving major international exchanges and platforms, as well as a range of OTC markets. It clears a broad range of asset classes including equities, exchange-traded derivatives, foreign exchange derivatives, interest rate swaps, and Euro and Sterling bond and repo markets. The firm's employees serve members and clients worldwide including many of the major financial groups, consisting of almost all the major investment banks and broker dealers. LCH forms part of LSEG Post Trade division. LCH Operations sits at the heart of the organisation, providing multifaceted services to internal and external customers across all asset classes. The division operates globally across several pillars of service, including Securities Operations, SwapClear and Listed Rates Operations, Onboarding Operations, Collateral Management, Client Services, Regulatory Reporting, and Market Data. We partner with internal and external customers to proactively deliver compelling, resilient, and competitive CCP Operations that minimise risks and maximise returns through flexible, timely and innovative engagement.

Role Description

We are currently seeking a motivated and driven individual to join LCH Operations in the role of Senior Associate, Clearing Operations, Night Shift located in Manila. Manila is a new location LCH launched in 2024 to support our growing business, in addition to the existing locations of London, New York, Sydney and Singapore. All our offices work closely together as one team.

The Clearing Operations team has specific responsibility for undertaking daily operational processes aligned to our SwapClear businesses. The team is also responsible for undertaking processes relating to the daily management of collateral (cash and non-cash) to reduce counterparty credit risk, and supports the processing of front office investment activities, which is predominantly reverse repos.

The team works across three zones to support the firm's members and clients clearing needs. The candidate will be part of a team of Clearing Operations specialists who will perform sophisticated but routine day-to day activities rotating across the different asset classes, providing the opportunity to develop a deep understanding of our products, internal systems, and processes.

Candidates should have experience working for either an investment bank in a Document Version 0.1 Date of issue: 23-April-2021 Header 3 collateral or cash management role, a clearing house or custodian. Some knowledge of OTC derivatives (interest rate swaps) processes is beneficial, along with familiarity with currency cut offs and the payment messaging infrastructure (SWIFT). Prior experience participating in migrations is also desirable.

Rates Operations

• Investigates and promptly resolves trade registration exceptions ideally within the first two hours of case ownership depending on the complexity of the case.
• Performs operational processes relating to event management, margin runs, backloading cycles and start of day batch in line with the business checklist
• Completes post trade lifecycle events, such as Give Ups, Portfolio Transfers and compression services.
• Liaises with business partners to ensure member / client / trade source and exchange queries are resolved promptly, ideally within the first two hours of case ownership depending on the complexity of the case
• Proactively monitors the performance of the environments and works with IT to facilitate issue resolution.
• Participates in relevant ad-hoc testing and quality gate exercises ahead of technology releases.
• Daily use of Synapse, ALC, Murex, MNP and Clearview.

Other Responsibilities

• Understand default management processes for clearing services and participation in annual fire drill exercises.
• Work closely with operational teams in other locations to build knowledge and complete daily activities.
• Manage own workload independently, whilst raising any issues or incidents with line management. Ensure internal procedures are followed, correct, reviewed regularly, and kept up to date.
• Production of daily, weekly and ad-hoc MIS for internal and external interested parties.
• Participate in Internal Audit reviews within the department as the need arises.
• Identify self-development areas on an ongoing basis and put in place action plans with line manager.

Essential experience and skills required

• Bachelor's degree in Finance, Accountancy, Mathematics, Economics or any related discipline
• Exposure of working in an operations role within a financial services or FMI environment.
• Knowledge of collateral / OTC derivatives and / or central clearing processes.
• Good oral and written communication skills.
• Detail orientated with excellent numerical / analytical skills.
• Ability to understand technical complexity of clearing processes.
• Risk and control mindset.
• Strong ability to learn and develop product knowledge.
• Ability t