Location
London

Hours
Full Time

Salary
Negotiable

About the Role
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. The Business Programme Manager is a senior delivery role within the CDSClear CDS Transformation function, acting as a bridge between strategy and delivery and reporting to the Head of Transformation. This role leads a portfolio of complex projects covering commercial, regulatory, resilience and strategic infrastructure priorities and is accountable for coordinating delivery across business and technology stakeholders. Working closely with the Lead Change Analyst, the Programme Manager owns integrated delivery, governance, planning, dependencies, resources, budget and implementation, while ensuring clear separation of responsibilities with the Lead Change Analyst who leads detailed business analysis, requirements, process impacts and associated change artefacts.

You will 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. You will own assigned programmes and projects from inception through delivery, in accordance with approved Group change policies and governance processes, developing programme and project briefs, initiation documents, business cases, integrated delivery plans and implementation roadmaps.

Establishing proportionate programme and project management frameworks, governance forums, controls, reporting and decision-making routes will be key, as will coordinating delivery across interconnected workstreams spanning Risk, Operations, Product, Technology, Client Services, Legal, Compliance, Finance and Shared Services. You will determine the critical path and actively manage milestones, dependencies, priorities and implementation sequencing to drive delivery on time, within budget and scope.

As the primary delivery lead for significant transformation initiatives, you will provide transparent status updates, decision support and recommendations to senior management, governance forums and steering committees. You will lead implementation of regulatory and supervisory commitments, coordinate business, operational and technology activities against agreed milestones and evidence requirements, and actively manage delivery risks, issues, assumptions, dependencies and decisions, escalating promptly where programme outcomes may be affected.

You will secure resources and expertise from the wider organisation, communicate the CDSClear roadmap to support collaboration and prioritisation, and work closely with the Lead Change Analyst to integrate requirements, process analysis, impact assessment, testing and business change activities into the overall programme plan. You will ensure operational readiness, process and control changes, training, testing, implementation and transition activities are coordinated to support sustainable adoption.

Maintaining an integrated view of the CDSClear change portfolio with the Head of Transformation, you will highlight delivery risk, resource constraints, cross-programme dependencies and strategic decision points. You will chair steering committees, working groups and delivery forums as required, ensuring actions, decisions and accountabilities are recorded and followed through. Additionally, you will estimate, plan, track and analyse budgets, actual expenditure and forecasts, supporting robust financial governance throughout the delivery lifecycle.

Building a shared understanding among stakeholders of programme objectives, timelines, deliverables, responsibilities and required actions will be essential to your success in this role.

Experience
- Substantial experience leading complex, cross-functional programmes in financial services, financial market infrastructure, clearing, post-trade or other highly regulated environments.
- 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, understanding 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 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.

About you
You are a confident leader with the ability to manage complex stakeholder relationships and drive delivery across multiple teams. You have strong organisational skills, attention to detail and a proactive mindset. You thrive in a fast-paced, regulated environment and are committed to delivering high-quality outcomes that align with strategic priorities.

Qualifications
- PRINCE2, PMP or an equivalent programme or project management qualification is desirable.
- Detailed knowledge of the credit derivatives trade lifecycle, including clearing and post-trade events, is advantageous.
- Experience delivering external product launches involving clearing members, clients or external partners is beneficial.
- Knowledge of regulations affecting credit derivatives trading and clearing is preferred.
- Business-level French, spoken and written, is a plus.
- Awareness of cloud infrastructure and technology modernisation topics is desirable.