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, 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 the Lead Change Analyst leads detailed business analysis, requirements, process impacts and associated change artefacts. The Programme Manager often runs the projects on which the Lead Change Analyst is deployed, without subsuming the Lead Change Analyst’s professional accountability for analysis quality and completeness.

The role involves leading 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. Responsibilities include 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; and 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 within agreed scope. Acting as the primary delivery lead for significant transformation initiatives, you will provide transparent status, decision support and recommendations to senior management, governance forums and steering committees. The role includes leading implementation of regulatory and supervisory commitments, coordinating business, operational and technology activities against agreed milestones and evidence requirements.

Additional responsibilities include identifying, assessing and actively managing delivery risks, issues, assumptions, dependencies and decisions, escalating promptly where programme outcomes may be affected; securing the resources and expertise required from the wider organisation; communicating the CDSClear roadmap to support collaboration, prioritisation and timely decision-making; and working 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 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. Ensuring operational readiness, process and control changes, training, testing, implementation and transition activities are coordinated to support sustainable adoption is essential. Maintaining 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 is also required.

The role includes chairing steering committees, working groups and delivery forums as required, ensuring actions, decisions and accountabilities are recorded and followed through; estimating, planning, tracking and analysing budgets, actual expenditure and forecasts; supporting robust financial governance throughout the delivery lifecycle; and building a shared understanding among stakeholders of programme objectives, timelines, deliverables, responsibilities and required actions.

Experience
Substantial experience leading complex, cross-functional programmes in financial services, financial market infrastructure, clearing, post-trade or another highly regulated environment. Proven 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 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 multiple complex projects simultaneously and coordinate diverse stakeholder groups. You have excellent communication and interpersonal skills, enabling you to engage effectively with senior management and cross-functional teams. You demonstrate strong problem-solving skills, adaptability and a proactive approach to managing risks and issues. You thrive in a dynamic environment and are committed to delivering high-quality outcomes aligned with strategic objectives.

Qualifications
Desirable qualifications include PRINCE2, PMP or an equivalent programme or project management certification. Business-level French, spoken and written, is advantageous. Knowledge of credit derivatives trade lifecycle, including clearing and post-trade events, and regulations affecting credit derivatives trading and clearing is preferred. Awareness of cloud infrastructure and technology modernisation topics is beneficial.