Senior Analyst, Clearing Risk Control

When you join ASX, you’re joining a company with a strong purpose – to power a stronger economic future by enabling a fair and dynamic marketplace for all.

In your new role, you’ll be part of a leading global securities exchange with a strong brand. We are known for being a trusted market operator and an exciting data hub. 

Want to know why we are a great place to work, click on the link to learn more.

www.asx.com.au/about/careers/a-great-place-to-work

The ASX team brings together talented people from a diverse range of disciplines. 

We run critical market infrastructure, with 1 in 3 people employed within technology.  Yet we have a unique complexity of roles across a range of disciplines such as operations, program delivery, financial products, investor engagement, risk and compliance.

We’re proud of the diversity of our organisation and the culture of inclusion that all our people help to build every day. Our employee-led groups are known for celebrating cultural and religious events, championing LGBTIQ+ inclusion (recently achieving AWEI Bronze), inspiring giving and volunteering, promoting gender equality, and wellbeing.  We are an Employer of Choice for Gender Equality (WGEA) and a member of the Champions of Change Coalition for the advancement of gender equality in Australia. 

To provide oversight of market, counterparty and liquidity risk exposures in ASX Clearing House

The Clearing Risk Control team is responsible for oversighting the day-to-day market, counterparty and liquidity risk exposures in ASX Clearing Houses and running default management activities. The role requires a high degree of financial risk management experience, technical expertise and a commercial and customer mind-set.

The role will work closely with Line 1 and other Risk Management teams including Clearing Risk Quantitative teams, Model Risk Management, Analytics & Frameworks, and Clearing Risk Policy and Credit Risk teams. To be successful in the role, the candidate requires a strong control mindset, technical capability to understand models and apply them in a practical setting, as well as an understanding of trading and hedging of ASX products.

Your responsibilities:

• Undertake Clearing Risk Control activities in accordance with agreed policies, standards and procedures including (but not limited to):

• Proactively managing clearing risk exposures arising from novated positions of clearing participants including assessing and taking actions to ensure adequacy of margins.

• Executing the financial risk management frameworks and risk processes to ensure that clearing risks are appropriately monitored, measured, understood, explained and escalated.

• Developing a deep understanding of clearing participants’ positions and exposures (including default management strategies) and ensure adequate financial resources are held.

• Providing analysis and presenting results to governance forums to support key model assumptions.

• Providing input and support on special projects and ad hoc tasks relating to the development of Clearing Risk Management systems and processes including completing UAT as required.

Your experience and qualifications:

Must have

• At least 5 years’ domestic or international experience in a clearing house, trading desk or traded market risk in an investment or commercial bank.

• Have a firm grasp of clearing risk management concepts including pricing, exposure to market risk and have a strong track record of contributing to project delivery as a SME.

• Financial risk management and global markets experience across a range of asset classes.

• An in depth understanding of market risk metrics such as VaR, SVaR, Greeks, stress testing, sensitivities and PnL analysis.

• Have tertiary qualifications in a numerical discipline. Exclude universally required soft skills (ie attention to detail, good communication skills) and nice-to-have/desirable/not-mandatory skills and experience

Nice to have:

• Experience of writing UAT test cases and performing UAT for system changes and product launches.

• Trading or hedging experience using listed products to reduce market risk exposure.

• Knowledge of ASX products, with previous s experience in interest rates and equity markets.

• A sound understanding of statistical concepts and have the ability to understand model documentation and understand the risk management implications of models.

We make hiring decisions based on your skills, capabilities and experience, and how you’ll help us to live our values. We encourage you to apply even if you don’t meet all the criteria of this role. If you need any adjustments during the application or interview process to help you present your best self, please let us know.

At ASX Group, our diverse workforce is essential to build and maintain a fair and dynamic marketplace. We support flexible working and offer hybrid working options. Even if our roles are advertised as full-time, we encourage you to apply if you are interested in part-time or other flexible working arrangements.

We will arrange for successful candidates to have background checks, including reference and police checks completed as part of the on-boarding process.