Surveillance MARA Manager

lloyds banking group; City of Edinburgh; Hybrid; GBP 93,000 - 104,000; Full time

Job summary

A leading financial services provider is looking for a Surveillance Market Abuse Risk Assessment Manager to own the Market Abuse Risk Assessment process. The successful candidate will lead the engagement with business collaborators to ensure risks are identified and mitigated effectively. This role demands a strong understanding of market abuse regimes and the ability to translate assessments into actionable controls. The position supports a hybrid working model, enabling flexibility in work location.

Qualifications

• Experience conducting or enhancing Market Abuse Risk Assessments is required.
• Ability to translate findings into systems and control changes is essential.

Responsibilities

• Lead the Market Abuse Risk Assessment process.
• Engage with business collaborators to identify and mitigate risks.
• Produce regular MI and thematic analysis for governance forums.
• Review existing surveillance controls against regulatory updates.

Skills

Strong knowledge of MAR/market abuse regimes

Practical experience of trade and communications surveillance

Excellent data/technical skills

Comprehensive product knowledge across key traded instruments

Job description

End Date

Sunday 04 January 2026

Salary Range

£93,087 - £103,430

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

Flexible Working Options

Hybrid Working, Job Share

Job Description Summary

We’re looking for a Surveillance Market Abuse Risk Assessment Manager to lead the Market Abuse Risk Assessment process, ensuring risks are proactively identified, assessed, and translated into controls, surveillance models, and policies.

Job Description

BUSINESS UNIT:

Corporate & Institutional Banking (CIB) – Chief Controls Office

LOCATION:

London, Birmingham and Edinburgh

HOURS:

Full Time – 35 hours per week

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 shown above.

ABOUT THE ROLE

You’ll take ownership of the Market Abuse Risk Assessment (MARA) framework, working closely with business collaborators to identify market abuse risks and ensure they are effectively mitigated through robust controls and surveillance models. This role combines risk assessment, stakeholder engagement, and regulatory interaction to maintain compliance and strengthen the control environment across CIB Markets activities.

KEY ACCOUNTABILITIES

Market Abuse Risk Assessment

• Design, run, and periodically refresh the Market Abuse Risk Assessment (MARA), including risk taxonomy, inherent/residual risk scoring, and action plans across asset classes (FX, derivatives, fixed income, commodities, Credit Trading, Repo/Money Markets benchmarks, etc.).
• Lead engagement with business collaborators to communicate market abuse scenarios and evaluate their relevance to business activities.

MI & Regulatory Engagement

• Produce regular MI and thematic analysis on market abuse risks and control effectiveness for governance forums and to support regulatory engagement.
• Co‑ordinate responses to regulatory queries and reviews related to market‑abuse controls, including documenting the MARA.

Control Review & Enhancement

• Regularly review and assess existing surveillance controls against the latest regulatory updates, market watch notices, and enforcement actions.
• Identify gaps or weaknesses, recommend enhancements, and work with relevant colleagues and partners to implement improvements that ensure ongoing compliance and mitigate regulatory risk.

Cross‑Functional Engagement

• As part of the MARA framework, engage with other departments/teams where compensating controls sit to understand and assess the wider control framework, effectiveness, and residual risk.
• This includes surveillance areas such as Electronic & Voice Communications and Compliance Control Room.

WHAT YOU’LL NEED

To be considered for this role, you’ll need to demonstrate:

Risk & Control Expertise

• Strong knowledge of MAR/market abuse regimes and practical experience of trade and communications surveillance in wholesale markets.
• Experience conducting or enhancing Market Abuse Risk Assessments (or equivalent risk assessments) and translating findings into systems and control changes.

Product & Technical Knowledge

• Comprehensive product knowledge across key traded instruments; FICC product knowledge would be especially desirable.
• Excellent data/technical skills to support surveillance analytics.

ABOUT WORKING FOR US

Our focus is to ensure we’re inclusive every day, building an organisation that reflects modern society and celebrates diversity in all its forms. We want our people to feel that they belong and can be their best, regardless of background, identity or culture.

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.

And it’s why we especially welcome applications from under‑represented groups. We’re disability confident. So, if you’d like reasonable adjustments to be made to our recruitment processes, just let us know.

If you’re excited by the thought of becoming part of our team, get in touch. We’d love to hear from you!

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.