Senior Analyst Markets Middle Office Trade Controls

Lloyds Banking Group

Greater London

Hybrid

GBP 60,000 - 90,000

Full time

6 days ago

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Benefits offered by this job

Pension up to 15%

Annual bonus

Share schemes

Discounted shopping

28 days holiday

Wellbeing initiatives

Parental leave policies

Job summary

Lloyds Banking Group is hiring a Senior Analyst for Markets Middle Office Trade Controls in London. You will oversee intraday reconciliations across traded products and investigate exceptions, working with Front Office, Operations and Risk to deliver timely, well evidenced resolutions.

You’ll strengthen control frameworks, maintain audit trails and drive improvements to data, platforms and processes. A hybrid pattern with significant stakeholder collaboration is required.

Qualifications

Experience in Markets Middle Office, Trade Support, Markets Operations or similar.
Knowledge of derivatives, FX, money markets and related products.
Experience with post-execution controls and reconciliations.

Responsibilities

Lead intraday reconciliations and investigate exceptions across traded products.
Collaborate with Front Office, Operations, Risk, Technology and Change to resolve issues.
Maintain audit trails and evidence; support process improvements and automation.

Skills

Derivatives

FX knowledge

Trade lifecycle

Post-execution controls

Reconciliations

Data analysis

Root-cause analysis

Front Office collaboration

Control governance

Xceptor experience

Tools

Xceptor

Reconciliation systems

Trading platforms

Reference data

Data quality tools

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: