Trade Surveillance Manager

Lloyds Banking Group
London, United Kingdom
20 Feb 2019
24 Feb 2019
Job Function
Risk Management
Industry Sector
Finance - General
Employment Type
Full Time
End Date
23 February 2019

Salary Range
£57,483 - £63,870

We support agile working - click here for more information on agile working options.

Agile Working Options
Other Agile Working Arrangements / Open to Discussion

Job Description Summary
How does the opportunity of being part of a dynamic, evolving, fast moving specialist team straddling all markets activity interest you?

Trade Surveillance comprises a series of manual & automated controls used to detect and prevent the risk of facilitating market abuse across trading activity both internally & externally (by our clients), market order activity, and written & voice communications. It is at the cutting edge of technology, embracing concepts such as artificial intelligence and machine learning, alongside the increased use of digital such as algo trading.

The Commercial Banking Control Function (CBCF) fulfil this function across Lloyds Banking Corporate Markets (our non-Ring Fenced Bank), our Ring-fenced bank and parts of Group Corporate Treasury. With the ever growing regulatory expectations, with sponsorship at the most senior level of CB, material improvements to our existing capability will be delivered over the next 12/18 mths through a detailed and approved plan, supported by Group Transformation. As part of these improvements, we're looking to materially build out the CBCF team itself. These new roles provide an exciting opportunity for the you, who has a real passion for markets, technical competency, good understanding of market abuse regulation, and a natural investigative curiosity. Strong communication is a must alongside the ability to work well across multiple teams

Job Description

The Markets Control Function team work with our financing and trading business to identify illegal activity in individual deals or trades.

As the Trade Surveillance Manager, you'll manage the Trade Surveillance Analysts who undertake the initial review of alerts or trades. Where in-depth analysis is required for the alerts or trades, you'll be responsible for analysing complex information to form an opinion on whether there are signs that an alert or trade might have been market abuse. You'll also lead on inter-departmental stakeholder engagement to source and analyse information where required.

Key Accountabilities:
  • Responsible for undertaking complex analytical assessments of alerts and trades to formulate an opinion of if market abuse might have occurred. This includes analysing data sets, voice and written communications as well as the analysis of trends over time.
  • Deputises for the Team Leader in meetings and on projects where required.
  • Maintenance of excellent records in relation to trade alerts so that a clear audit trail is maintained
  • Drive improvements in the communications review, linking alerts across different channels
  • Provide input into annual product review, risk refresh and control effectiveness reviews
  • Ability to work closely with CBCF Benchmark team to coordinate potential synergies.
  • Build out of controls / inputs used in the monthly pattern analysis which is aimed at mitigating risks associated with unauthorised trading
  • Assess/Analyse large amounts of data, mitigate risk and identifying patterns, trends and anomalies
  • Support Monitoring & Testing team to define and regularly review a monitoring and testing plan for the key controls identified by the RCA process.
  • Willing to take ownership of issues and see through to resolution.
  • Provide input into the operating model with first second and third line by which generated alerts are reviewed escalated and resolved through a workflow tool

You'll have:
  • A deep understanding of the Financial Markets business and lifecycle of a trade.
  • Experience as a Surveillance Analyst or in a role in the Front Office
  • An excellent understanding of FX and Commodities or Rates, Money Markets and Credit products. Ideally gained whilst working in a front office environment
  • Knowledge of the UK regulatory framework (e.g. FCA principles and Market Abuse rules)
  • Knowledge of different methods of trading and risks associated with the differing trading strategies.
  • Understanding of LBG or similar Operational Risk Framework methodology and systems.
  • Strong knowledge of Excel and proficiently able to manage large data sets (VBA preferable).

Skills and capabilities you'll possess:
  • Strong ability to investigate and analyse complex pieces of information in differing formats (eg market data, verbal and written communication)
  • Evidenced written and verbal communication skills.
  • Ability to influence and develop relationships with other stakeholders to drive through improvements to the control framework.
  • Whilst not essential, the following qualifications may be relevant: ACA/ACCA, IIA, CFA, FRM, PRM, Institute of Bankers.
  • Experience of interacting with stakeholders and the ability to influence and successfully challenge management to achieve an effective control framework.

Base Salary Ranges by location (dependent on experience) :

London: £57,483 - £71,000

Edinburgh: £48,636 - £60,500

In addition to the salary quoted, the position also offers:
  • Car / Car allowance
  • A flex benefits cash pot you can adjust to suit your lifestyle (4% on top of your basic salary)
  • Generous pension contribution
  • Private health cover
  • Discretionary Performance Share Award
  • Access to Share schemes

Do you want to work for one of the UK's largest Financial Services organisations? Being a part of the Group offers you the opportunity for progression and development so this can be a platform from which to showcase your talent and aspiration for the future.

At Lloyds Banking Group, we're driven by a clear purpose; to help Britain prosper. Across the Group, our colleagues are focused on making a difference to customers, businesses and communities. With us you'll have a key role to play in shaping the financial services of the future, whilst the scale and reach of our Group means you'll have many opportunities to learn, grow and develop.

We're focused on creating a values-led culture and are committed to building a workforce which reflects the diversity of the customers and communities we serve. Together we're building a truly inclusive workplace where all of our colleagues have the opportunity to make a real difference.

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