Senior Analyst Markets Middle Office Trade Controls

Lloyds Banking Group; Greater London; Hybrid; GBP 65,000 - 73,000; Full time

Benefits offered by this job

Pension up to 15%

Annual bonus

Share schemes

Wellbeing initiatives

Parental leave

28 days holiday

Job summary

Lloyds Banking Group is seeking a Senior Analyst for Markets Middle Office Trade Controls in London. The role focuses on protecting trade integrity through intraday reconciliations, root‑cause analysis and evidence-based remediation. Hybrid working expected with two days per week on site.

You will work with Front Office, Operations, Risk, Technology and Change, driving improvements to processes, platforms and controls in a fast-paced environment.

Qualifications

• Experience in Markets Middle Office, Trade Support or Markets Operations.
• Knowledge of derivatives, FX, money markets, bonds or repos.
• Understanding of front-to-back trade processing and post-execution controls.
• Experience using workflow/reconciliation platforms (e.g., Xceptor).
• Strong data and analytical capabilities with exposure to trading platforms and reference data systems.

Responsibilities

• Lead intraday trade date reconciliations and integrity checks.
• Investigate exceptions with Front Office and support teams.
• Analyze reconciliation breaks, determine root causes and remediation actions.
• Maintain audit trails and evidence for reconciliations and decisions.
• Support process improvements, automation and changes across markets operations.

Skills

Derivatives knowledge

Front-to-back trade processing

Investigation of reconciliation breaks

Xceptor or similar platform experience

Data capability & analytics

Operational risk & control principles

Cross-functional collaboration

Strong communication

Tools

Xceptor

Trading platforms

Reference data systems

Reconciliation systems

SQL / Power BI / Power Query

Job description

End Date

Sunday 01 November 2026

Salary Range

£65,304 - £72,560

We support flexible working – click here for more information on flexible working options

Flexible Working Options

Hybrid Working, Job Share

Job Description Summary

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Job Description

Senior Analyst, Markets Middle Office Trade Controls

LOCATION(S): London
HOURS: Full-time
WORKING PATTERN: Our work style is hybrid, which involves spending at least two days per week, or 40% of our time, at one of our office sites.

What you’ll be doing

This is an opportunity to join Markets Middle Office Trade Controls and help protect trade integrity and revenue through effective post-execution controls.

You’ll lead and oversee intraday trade date (T+0) reconciliations and integrity checks, investigating exceptions and working with Front Office and support teams to achieve timely, well-evidenced resolutions.

You’ll perform and oversee reconciliations across traded products including derivatives, foreign exchange, money markets, financial futures, bonds and repurchase agreements (repos). You’ll use your product, trade lifecycle and process knowledge to investigate reconciliation breaks and control exceptions, understand their root causes and business impacts, and determine appropriate remediation.

Working across trading platforms, workflow tools, reference data and reconciliation systems, you’ll interrogate trade and reconciliation data, identify data-quality or system issues and support the resolution of complex or recurring exceptions.

You’ll work closely with Front Office, Operations, Risk, Technology and Change teams to resolve issues and support improvements to processes, platforms and controls. You’ll maintain comprehensive audit trails and exception records, documenting root‑cause analysis, control impact assessments, remediation actions and supporting evidence.

You’ll also provide control oversight and assurance by reviewing completed reconciliations and exception decisions, constructively challenging where evidence or outcomes are not sufficiently clear. By identifying trends and control gaps, you’ll recommend practical improvements that strengthen prevention, detection, evidence and ownership across Markets Operations.

You may also contribute to change, automation and transformation activity, helping to ensure operational control requirements and downstream impacts are understood and considered.

Why join us?

We’re on an exciting journey to transform our Group and the way we’re shaping finance for good. We’re focusing on the future, investing in our technologies, workplaces and colleagues to make our Group a great place for everyone, make change happen and challenge the status quo.

Sound like you?

What we’re looking for

We’re looking for someone with relevant experience in a Markets Middle Office, Trade Support, Markets Operations or comparable environment , alongside strong knowledge of traded products, trade lifecycles and post‑execution controls.

You’ll bring:

• Knowledge of derivatives, foreign exchange, money markets, financial futures, bonds or repurchase agreements (repos), including an understanding of relevant product economics, trade lifecycles and associated control risks.
• A strong understanding of front‑to‑back trade processing and post‑execution controls , including trade capture, enrichment, confirmation, clearing where applicable, settlement, downstream interfaces and reconciliation.
• Hands‑on experience of investigating reconciliation breaks and control exceptions , using data and evidence to identify root causes, assess business and control impacts and determine appropriate remediation.
• Experience using Xceptor or another workflow, reconciliation or exception‑management platform , supporting reconciliations, exception investigation and control processes.
• Strong systems and data capability, with experience using trading platforms, reference data and reconciliation systems to understand trade flows, data‑quality issues and system or control impacts.
• Strong analytical and root‑cause analysis skills, with experience using data to identify recurring issues, trends and opportunities to strengthen controls and ways of working.
• An understanding of operational risk and control principles , including escalation, record keeping, audit trails and issue ownership.
• Experience working collaboratively across Front Office, Operations, Risk, Technology and Change , with the ability to communicate complex issues clearly and constructively.
• The ability to manage competing priorities, use sound judgement and maintain high standards of control in a fast‑paced environment with time‑sensitive deliverables.

It would also be useful if you have:

• Exposure to SQL, Power Query or Power BI.
• Experience configuring, testing or defining requirements for reconciliation rules, exception workflows, system enhancements or automation.
• Experience contributing to process improvement, automation, strategic change or transformation within a Markets or controls environment.
• Experience reviewing work completed by others and providing constructive challenge.

We know that great talent comes from many backgrounds. You don’t need to have worked with every product listed above. If you have strong experience in relevant traded products, trade lifecycles and post‑execution controls, alongside relevant transferable technical skills, we encourage you to apply.

This is a place for you

Our ambition is to be the leading UK business for diversity, equity and inclusion, supporting our customers, colleagues and communities, and we’re committed to creating an environment in which everyone can thrive, learn and develop.

We were one of the first major organisations to set goals on diversity in senior roles, create a menopause health package, and a dedicated Working with Cancer Initiative.

We offer reasonable workplace adjustments for colleagues with disabilities, including flexibility in office attendance, location and working patterns. And, as a Disability Confident Leader, we guarantee interviews for a fair and proportionate number of applicants who meet the minimum criteria for the role with a disability, long‑term health or neurodivergent condition through the Disability Confident Scheme.

We provide reasonable adjustments throughout the recruitment process to reduce or remove barriers. Just let us know what you need.

What we offer

We also offer a wide-ranging benefits package, which includes:

• A generous pension contribution of up to 15%
• An annual performance‑related bonus
• Share schemes including free shares
• Benefits you can adapt to your lifestyle, such as discounted shopping
• 28 days’ holiday, with bank holidays on top
• A range of wellbeing initiatives and generous parental leave policies

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 keep your data safe. So, we’ll only ever ask you to provide confidential or sensitive information once you have formally been invited along to an interview or accepted a verbal offer to join us which is when we run our background checks. We’ll always explain what we need and why, with any request coming from a trusted Lloyds Banking Group person.

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.