Surveillance MARA Manager

Lloyd's; City of Westminster; On-site; GBP 60,000 - 80,000; Full time

Job summary

A leading financial institution in the UK seeks a professional to own the Market Abuse Risk Assessment framework. This role requires designing and refreshing the MARA across various asset classes, leading engagement with business partners to identify market abuse risks, and producing regular analysis for regulatory engagement. Ideal candidates will have strong risk and control expertise, comprehensive product knowledge, and excellent data skills. Join a diverse and inclusive team focused on shaping the future of financial services.

Benefits

Diversity initiatives

Inclusive workplace

Career growth opportunities

Qualifications

• Strong knowledge of MAR/market abuse regimes and surveillance experience in wholesale markets.
• Experience enhancing Market Abuse Risk Assessments and implementing control changes.
• Comprehensive product knowledge across key traded instruments; FICC knowledge desirable.

Responsibilities

• Design and refresh the MARA framework across asset classes.
• Lead engagement with business collaborators on market abuse scenarios.
• Produce MI and thematic analysis on market abuse risks.
• Coordinate responses to regulatory queries related to market-abuse controls.
• Regularly assess existing surveillance controls for effectiveness.
• Identify gaps and recommend enhancements for compliance.
• Engage with other departments to understand the control framework.

Skills

Risk & control expertise

Market abuse regimes knowledge

Data and technical skills

Job description

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, surveillance models, and policies. This role combines risk assessment, stakeholder engagement, and regulatory interaction to maintain compliance and strengthen the control environment across CIB Markets activities.

Key accountabilities

• Design, run, and periodically refresh the MARA, including risk taxonomy, inherent and 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.
• 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.
• 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.
• Engage with other departments or teams where compensating controls sit to understand and assess the wider control framework, effectiveness, and residual risk, including surveillance areas such as electronic and voice communications and compliance control room.

What you’ll need

• 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 and 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. We especially welcome applications from under‑represented groups. We’re disability confident and welcome reasonable adjustments during recruitment.

If you’re excited by the thought of becoming part of our team, get in touch. We’ll love to hear from you. In working at Lloyds Banking Group, you’ll have a key role to play in shaping the future of financial services while growing your career in a supportive and inclusive environment.

We keep your data safe. We’ll only ask for confidential or sensitive information once you have been formally invited for an interview or have accepted a verbal offer to join us, at which point background checks are conducted. We’ll explain what is needed 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 that reflects the diversity of the customers and communities we serve. Together we’re building a truly inclusive workplace where all colleagues have the opportunity to make a real difference.