Third Party Administrator - Oversight Assistant Manager, Open to flexibility

Edinburgh, Central Scotland
£41,346 - £48,236 per annum + benefits
11 Apr 2018
29 Apr 2018
Lloyds Banking Group
Contract Type

Third Party Administrator - Oversight Assistant Manager, Open to flexibility

Through our brands, Lloyds Banking Group has a relationship with just about every household and community in the UK. We underpin the lives of millions of individuals and businesses, and play a key role in helping to build a growing UK economy.

The aim of Insurance Finance is to help tell the story of LBG Insurance's performance both externally and internally, giving real insight to influence strategic decision-making and ensuring clear and compliant communication.

This is a role for the TPA Oversight team and will primarily encompass the operational aspects of collateral management, stock lending oversight and derivatives oversight.

The team sits within the wider Investment Operations team, with primary focus on the accuracy and timeliness of key deliverables. We do this by thematic oversight of all daily operational processes and controls within the third party outsource providers, including all NAV fund accounting, trading activity and fund unit pricing. The team is also key support to the change management function and as a subject matter expert you would implement change requirements for corporate projects into the standard operating model and control environment in a timely way.

You will be involved in handling and monitoring the derivative and associated collateral transactions from an operational perspective by external suppliers such as fund managers and third party administrators.

The following experience is essential:

  • Significant experience of OTC Collateral Management and Stock Lending processing in a broker/dealer, commercial bank or asset/fund management environment
  • Understanding of portfolio valuations and related collateral movements to handle exposure
  • Experience of regulation driven change in the OTC and Collateral areas
  • In depth exposure to all forms of collateral to specifically include Cash, Government Bonds, Corporate Bonds, Asset Backed Securities & Equities
  • Knowledge of credit risk and Collateral controls
  • Awareness of the Operational and Market Risks associated with the role
  • Cross product OTC knowledge including understanding of trading lifecycle for OTC Derivative products

It would be helpful if you could demonstrate experience in any of the following :

  • Implementing new collateral/lending agreements - ISDA CSAs, GMSLAs etc
  • Previous experience in a Third Party administrator or Oversight role
  • Operational risk requirements around generic practices such as payments
  • Cash and securities' custody and settlement knowledge
  • Fund Accounting/Middle Office operating model knowledge
  • Ability to plan work effectively such that all oversight deliverables can be met
  • Able to work independently and collaboratively with a wider team
  • Strong communication skills to handle and run Third Party SLA deliverables

So if you have the experience we're looking for we would like to hear from you. You will join us as part of an inclusive, values-led culture passionate about making a difference. We have award-winning commitments to employing diverse and versatile teams, reflective of the customers and communities we serve - where all our colleagues can be themselves and succeed on merit.

We're also committed to finding a pattern and approach to work that is mutually beneficial and can offer you a comprehensive package that includes Flexible Benefit (4%), private healthcare, a performance share bonus and pension scheme.

We are an equal opportunity employer and deeply value diversity within our organisation.

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