Trade Surveillance - Quality Assurance and Risk Manager

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

As the CBCF Trade Surveillance - Quality Assurance and Risk Manager you'll increase the capabilities of the Trade and Voice Surveillance staff through leading two teams;

1. Quality Assurance, by assessing closed alerts to determine if the surveillance analyst followed the right process and reached the right outcome
2. Data Analytics, that undertakes deep dive reviews into potential market abuse and works to increase the analytical capabilities.

You'll input and lead projects to develop the surveillance capabilities of the team such as MAR tuning and MAR scenarios. You'll also oversee the surveillance systems for which CBCF are application owners and accountable for facilitating the resolution of IT issues and for the generation of meaningful management information which highlights trends.

• Full management responsibilities for Quality Assurance Reviewers and Data Specialists, including recruitment, managing performance and appraisals
• Undertaking Market Abuse Risk Assessments which may lead to improvements.
• Input into the operating model with first, second and third line by which generated alerts are reviewed escalated and resolved through a workflow tool
• Accountable for driving improvements within the surveillance function including through Quality Assurance and Data Analytics
• Responsible for raising GIRA's and IT related issues. Stakeholder management of the IT team with relation to updates and raised issues (including MAR Tool and SWB)
• Support Monitoring & Testing team to define and regularly review a monitoring and testing plan for the key controls identified by the RCA process.
• Responsible for horizon scanning for future impacts on the surveillance of the asset classes under surveillance and continuous improvement of quality of the surveillance team through training and coaching.
• Strive to develop, amplify and enhance LBG's Markets trade surveillance tool through participation in the weekly working group, providing input into business requirement documents and participate in user acceptance testing
• Generation of meaningful MI and for facilitating new ways of working to enable meaningful MI to be generated.
• Deputise where required for Head of Surveillance at relevant committees and forums, providing input and challenge where necessary.

You'll be successful in this role if you can demonstrate most of the following:

• A strong understanding of the Financial Markets business and lifecycle of a trade
• An excellent understanding of FX, Commodities, Rates, Money Markets and Credit products. Ideally gained whilst working in a trading environment
• Extensive knowledge and of the UK regulatory framework (e.g. FCA principles and Market Abuse rules)
• Knowledge of a variety of methods of trading, including algorithmic, and the risks associated with differing trading methods
• A very high level of knowledge in relation to data and best practices for the investigation of market abuse
• Masters degree or equivalent experience
• Whilst not essential, the following qualifications may be relevant: ACA/ACCA, IIA, CFA, FRM, PRM, Institute of Bankers
• Understanding of similar Operational Risk Framework methodology and systems.
• Accountable for organising and facilitating learning workshops to facilitate learning and knowledge sharing across the Trade and Voice surveillance teams.
• Strong ability to investigate and analyse complex pieces of information in differing formats (eg market data, verbal and written communication)
• Strong data analytical skills with the ability to manage large data sets (VBA preferable)
• Demonstrable ability to partner across different teams and influence and align colleagues and senior stakeholders to drive through improvements to the control framework

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.