Agile Working Options

Other Agile Working Arrangements / Open to Discussion

Job Description Summary

We're a team within the Commercial Banking 1st Line Economic Crime Prevention (CB ECP) function, with sole responsibility for investigation of transaction monitoring alerts for financial markets trades of Commercial customers.

Job Description

About us:

CB ECP ensures Commercial Banking businesses embed policy requirements, monitoring the effectiveness of risk management activities and reporting requirements for economic crime. The team provides advice and guidance on interpretation of Group Policies for Anti-Bribery, Anti Money Laundering (AML) & Counter Terrorist Financing (CTF), Fraud and Sanctions & Related Prohibitions. We also promote good risk and regulatory compliance and act as the interface between Commercial Banking and key partners (e.g. Group ECP, Chief Resilience & Security Office) to ensure compliance with Group requirements.

We're highly collaborative and encourage innovation, to ensure we're proactively safeguarding clients, CB and the Group from the impacts of economic crime.

Core Purpose:

We have a new opportunity to be part of a team of risk specialists responsible for the delivery of Markets Trade Monitoring and crime prevention activities. Specifically, the Markets Transaction Monitoring team supports the ECP Director and Lloyds Bank Capital Markets (LBCM)/CB Products Trading by analysis and investigation of client trading behaviour, investigation of unusual cash and securities flows and other trigger events, which can lead to the creation of Suspicious Activity Reports (SARs) and appropriate escalation.

The Transaction Monitoring Analyst performs the full investigation of alerts or trades. You'll perform a timely analysis of information to reach and document an informed decision on whether there needs to be an in-depth analysis to determine any signs that an alert or trade might have been linked to economic crime activities. Where such an opinion exists, you call out as appropriate and undertake follow up in-depth analysis with relevant partners.

You'll be able to detail a robust and regulator ready rationale to support and evidence the decisions that has been made for each alert. This should cover all eventualities of an investigation such as eyeball approach, a full investigation leading to no further action or full investigation where a Suspicious Transaction and Order Report (STOR)/SAR is raised.

Other Key Accountabilities

• Responsible for undertaking analytical assessments of alerts and trades to formulate a decision of if Financial Crime might have occurred. This includes analysing data sets, voice and written communications.
• Act as subject matter expert, have direct and positive engagement with internal partners to provide specialist guidance and effectively assess/manage financial crime risk.
• Be responsible for driving your own learning & development and stay on top of industry developments to maintain an appropriate skills.
• Input into the development of asset class specific proficiencies for FX and Commodities or Rates, Credit and Money Markets within the team, training other team members.
• Contribute to the development of Markets Transaction Monitoring capabilities and competencies across the business.
• Drive improvements in the communications review, linking alerts across different channels and developing risk-based scenarios and alerts.
• Provide input into annual product review, risk refresh and control effectiveness reviews. Support the team to define and regularly review a monitoring and testing plan for the key controls identified by the Risk and Control Self-Assessment (RCSA) process.
• May attend a large variety of governance meetings as required and will co-ordinate monthly reporting, Management Information (MI) gathering and pack collation for a wide range of uses across Group/CB Governance Framework.

What we're looking for:

Do you have a high level of experience in a Financial Crime team and are you able to work to timelines and collaborate effectively with partners of all seniority across a variety of business functions?

You’ll need to show a passion for developing new ways of working and a solid understanding, or a willingness to learn, about the intricacies of Economic Crime Risks.

Essential Experience and Knowledge

• A sound knowledge and understanding of Commercial Banking including the various customer sub-divisions, entity types and banking products/facilities.
• Experience working or supporting a financial/capital markets business, understanding systems and processes, including key lifecycle events of trades.
• Experience gained from working in Transaction Monitoring, Transaction Reporting, Surveillance or similar subject area.
• General understanding across asset classes including FX, Commodities, Rates, Money Markets and Credit products.
• Knowledge of different methods of trading and associated trading strategies.
• Knowledge of the UK regulatory framework (e.g. FCA principles, AML Regulations)
• Understanding of LBG or similar Operational Risk Framework methodology and systems.
• An understanding of AML/CTF typologies and how financial crime manifests itself in Market’s products.
• Having a grasp of the wider landscape e.g. geographical/political and of Fraud & Financial Crime legislation/regulation.

Skills and capabilities

• Being analytical and inquisitive. Ability to investigate and analyse sophisticated pieces of information and large data sets in differing formats (e.g. market data, monitoring output, verbal and written communication).
• Strong written and oral interpersonal skills. Ability to influence and successfully challenge management to achieve an effective control framework.
• Collaborative and can demonstrate initiative to problem solve. Able to coordinate/prioritise own work and proactively manage investigation to completion.
• Proficient in use of MS Office applications and relevant Transaction Monitoring tools

Working arrangements:

• The primary locations for our Team are Birmingham, Edinburgh and London.
• On returning to the office, the expectation will be to work up to 2 days a week from the office.
• We’re happy to support agile working.

We're an equal opportunity employer and deeply value diversity within our organisation. Together we make it possible.

At Lloyds Banking Group, we're driven by a clear purpose; to help Britain recover. 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.