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Job Description Summary How does the opportunity of being part of a dynamic, evolving, fast moving specialist team straddling all markets activity interest you?
Market abuse is a type of financial crime, under the jurisdiction of both criminal and civil law in the UK, and is defined as the abuse or attempted abuse of a financial market, recent examples would be the LIBOR and FX scandals across the financial markets. There are three main types of market abuse; insider dealing, disclosure of insider information and market manipulation, falling under typical descriptions such as spoofing, layering, front running, and washing.
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.
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 Assistant Manager, you'll be responsible for undertaking timely analysis of information to form an opinion on whether there is a requirement for further in-depth analysis of the alert or trade to identify signs of potential market abuse.
Responsible for listening to voice calls escalated by the Voice Surveillance Analyst.
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
Support Monitoring & Testing team to define and regularly review a monitoring and testing plan for the key controls identified by the RCA process.
Inputs into the development of surveillance capabilities and competencies for Client, Trader and Sales Surveillance
A deep understanding of the Financial Markets business and lifecycle of a trade.
Understanding of either 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 associated trading strategies.
Understanding of LBG or similar Operational Risk Framework methodology and systems.
Experience of interacting with internal stakeholders and the ability to influence and successfully challenge management to achieve an effective control framework.
Good level of Excel knowledge
Skills and capabilities you'll possess:
Ability to investigate and analyse complex pieces of information in differing formats (eg market data, verbal and written communication)
Evidenced written and verbal interpersonal skills.
Whilst not essential, the following qualifications may be relevant: ACA/ACCA, IIA, CFA, FRM, PRM, Institute of Bankers.
Ability to manage large data sets (VBA preferable).
Base Salary Ranges by location (dependent on experience):
London: £41,346 - £51,500
Edinburgh: £34,983 - £43,600
In addition to the salary quoted, the position also offers:
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 oneofthe UK's largestFinancialServicesorganisations? 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.
Internal Number: 5471066
About Lloyds Banking Group
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