Senior Analyst

Who you are

• Strong experience in Collateral Management within Markets Operations, or a comparable post-trade environment supporting collateralised products, typically gained through 3+ years of relevant experience
• Strong understanding of the collateral management lifecycle, including exposures, valuations, margin management and settlement processes
• Technical knowledge of collateralised products and associated operational processes
• Understanding of legal frameworks supporting collateral arrangements, including ISDA and CSA documentation
• Experience operating within a risk and control-focused environment
• Strong analytical and problem-solving skills with the ability to identify and implement process improvements
• Ability to manage multiple competing priorities and deliver results in a fast-paced environment
• Strong stakeholder management, communication and collaboration skills
• Experience supporting regulatory change initiatives within Markets Operations and understanding industry developments impacting collateral management
• Knowledge of OTC derivatives and collateralised trading products
• Experience identifying and delivering automation or operational improvement opportunities
• Experience contributing to transformation programmes or future-state operating model design

What the job involves

• We're looking for a Senior Analyst to join our Collateral Management team within Markets Operations
• This is a specialist role requiring previous collateral management experience, where you'll provide technical expertise, analytical insight and transaction management support across a complex Markets environment
• You'll work closely with teams across Credit, XVA, PLM, Risk, Legal, Finance and Onboarding to ensure the effective management of collateral activity while supporting strategic change and continuous improvement initiatives
• You'll play a key role in delivering a multi-phase innovation programme, helping to identify automation opportunities, improve operational processes and enhance how we serve our clients
• We're looking for someone who enjoys challenging the status quo and bringing fresh thinking to complex problems. As Markets continues to evolve, you'll help us respond to new challenges, find opportunities and continuously improve how we operate
• As a trusted expert, you'll stay ahead of industry trends, translating them into practical strategies that support our business goals. You'll engage with stakeholders across the organisation and beyond, helping to shape new opportunities and drive meaningful change
• Managing and supporting collateral activity across a range of Markets products and counterparties
• Coordinating collateral processes and activity across Legal, Risk Operations, Finance, Onboarding and wider Markets teams
• Supporting the delivery of client, risk, financial and operational objectives across Collateral Management
• Monitoring, assessing and managing risk within collateral management processes and controls
• Driving improvements in operational efficiency, controls and client service
• Supporting strategic change initiatives, automation projects and process transformation activity
• Building effective relationships across Markets, Treasury and wider business functions to influence and deliver successful outcomes
• Applying market, regulatory and industry insights to support decision-making and continuous improvement
• Contributing to the development of future operating models and innovative ways of working within the Collateral Management function

The application process

• End Date: Friday 28 August 2026

Benefits

• Flex cash: This is 4% of your basic salary and can be used to spend on the benefits of your choice, or you can choose to take it as a cash top up in your monthly salary.
• A generous holiday allowance: You’ll be eligible for a minimum of 22 days holiday (excluding bank holidays), rising to 30 days based on length of service and grade.
• A flexible way of working: Whether you want flexibility over your location or when you log on, together we can create an approach that works for you and for the business.
• Family leave: Up to 63 weeks of maternity or adoption leave. Statutory maternity or adoption pay is available for 39 weeks, and 20 weeks will be enhanced to the equivalent of full pay. Partners can have six weeks of fully paid paternity leave.
• Health insurance: Our company funded Private Medical Benefit provides all colleagues with access to good quality medical care, including accommodation, nursing care and specialist advice.
• Colleague Offers: Get discounts on everything from electrical items to cinema tickets and weekly food shopping. You can share this benefit with up to ten family members or friends.
• Financial products: Take advantage of our great financial products, some at a discounted rate, including current accounts, home and car insurance and loans.
• Share plans: Participate in Sharematch and receive matching shares of up to £45 a month from the company, and you can choose to participate in Sharesave, our combined savings and share option plan.
• Pension: We offer a generous pension plan, with all joiners being automatically enrolled in our 'Your Tomorrow' scheme. You can decide how much you save and get a say in where your contributions are invested.