Title: Senior Manager - Trading and Trade Management
Location: Hybrid - 3 days a week in Leeds
Salary: £70,000 - £90,000
Who we are:
interactive investor is an award-winning investment platform that puts its customers in control of their financial future.
We’ve been helping investors for nearly 30 years. We’ve seen market highs and lows and been resilient throughout. We’re now the UK’s number one flat-fee investment platform, with assets under administration approaching £75 billion and over 500,000 customers.
For a simple, flat monthly fee we provide a secure home for your pensions, ISAs and investments. We offer a wide choice of over 20,000 UK and international investment options, including shares, funds, trusts and ETFs.
We also bring impartial, expert content from our award-winning financial journalists, highly engaged community of investors, and daily newsletters and insights
Purpose of the Role:
The role is responsible for the oversight, design and continual improvement of ii’s Trading and Trade Management functions. This includes ensuring robust execution processes, strong post-trade controls and compliant Settlements and Trade Surveillance operations. The role drives high standards of operational resilience, customer outcomes and regulatory compliance across all trade-related activities.
Responsibilities:
- Provide strategic leadership and oversight across Trading, Settlements and Trade Surveillance through the relevant team managers.
- Set direction, priorities and performance expectations for each function, ensuring alignment with ii’s wider strategy and risk appetite.
- Responsibility for Global Trading and Trading Oversight departments FTE management in line with agreed budget.
- Develop and maintain relationships with internal and external third-party providers, especially market counterparties.
- Approval of higher risk transactions and decisions.
- Exercise due skill, care and diligence, observe proper standards of market conduct and deal with the regulator in an open and cooperative way disclosing appropriate information when required, and acting in a way which achieves their confidence and support.
- Drive continuous improvement in execution quality, settlement performance, operational resilience and post-trade controls, working through the functional leads.
- Own and maintain ii’s Best Execution Policy, ensuring processes across Trading, Settlements and Surveillance reflect regulatory expectations and best practice.
- Ensure that all trade lifecycle activities operate in line with PRIN, SYSC, MAR, CASS and internal risk and compliance policies.
- Oversee implementation of strong 1st line controls, ensuring procedures are followed, risks are escalated promptly, and remedial actions are tracked.
- Contribute proactively to governance forums by providing insight, constructive challenge and thematic oversight from across the three functional areas.
- Maintain awareness of Business Continuity responsibilities for the complete Trading & Trade Management function.
- Provide senior oversight of daily trading activity, settlement performance, post-trade risks, failed trades and surveillance outcomes, with delivery led by the functional teams.
- Ensure all areas maintain accurate processes, operational discipline and strong control environments supported by effective monitoring.
- Review and challenge key team and process performance indicators and ensure appropriate actions are taken.
- Ensure that the end-to-end trade lifecycle delivers consistent good customer outcomes.
- Lead and develop the managers responsible for Trading, Settlements and Trade Surveillance.
- Build capability across the function through coaching, development, objective setting and ongoing performance management.
- Ensure all colleagues meet Training & Competence requirements and maintain the technical knowledge required to perform their roles effectively.
- Foster a culture of continuous improvement, accountability and strong operational standards.
- Act as the senior point of expertise for execution, settlement operations and trade surveillance across ii.
- Work collaboratively with Compliance, Risk, IT, CASS, Operational areas and external partners (venues, brokers, custodians, etc.) to improve processes and resolve issues.
- Monitor industry, regulatory and market developments and assess their impact on ii’s trading and post-trade operations.
Requirements
Skills, Knowledge and Experience:
- CISI Level 3 (or equivalent) qualified, with strong knowledge of trading, market operations and post-trade processes.
- Proven background in stockbroking, investment banking or trading operations, with experience overseeing execution, settlements and/or surveillance functions.
- Strong understanding of FCA regulatory requirements relevant to trading and post-trade operations, including PRIN, SYSC, MAR, CASS and Best Execution.
- Robust knowledge of market conduct risk, trade surveillance principles and best-practice control frameworks.
- Familiarity with settlement mechanics, operational risk, market infrastructure and key industry participants (venues, brokers, custodians, data providers).
- Strong people management/leadership skills with a track record of leading and developing high performing operational teams
- Ability to provide strategic, and operational leadership of key business function.
- Management of complex processes within a regulated environment.
- Ability to identify, analyse and make use of the right management information in order to manage multiple activities.
- Ability to analyse, design and monitor the performance of key processes and activities.
- Demonstrate ability to understand complex issues in detail and problem-solve to that level of detail.
- Excellent problem solving capability with ability to make decisions calmly and effectively under pressure.
- Capable of influencing at all organisational levels, including exec level.
- Strong stakeholder management
- Demonstrable ability to use effective verbal and written communication skills.
- Ability to manage cost budgets.
- Deep knowledge and understanding of relevant regulatory, compliance and control requirements, including CASS, in order to manage Regulatory, Financial and Reputational risk.
Benefits
- Group Personal Pension Plan – 8% employer contribution and 4% employee contribution
- Life Assurance and Group Income Protection
- Private Medical Insurance – Provided by Bupa
- 25 Days Annual Leave, plus bank holidays
- Staff Discounts on our investment products
- Personal & Well-being Fund – Supporting your physical and mental wellness
- Retail Discounts – Savings at a wide range of high street and online retailers
- Voluntary Flexible Benefits – Tailor your benefits to suit your lifestyle
Please Note: We will do our utmost efforts to respond to all applicants. However, due to the high volume of applications we're currently receiving, if you haven't been contacted within 30 days of application, please consider unsuccessful.
interactive investor operates in accordance with the UK Equality Act 2010. We welcome applications from individuals of all ages, disabilities, gender identities, marital status, pregnancy/maternity, race, religion or belief, sex, and sexual orientation. We are committed to treating all applicants fairly and making reasonable adjustments where needed to support disabled applicants. We actively prevent all forms of discrimination, harassment, and victimisation—whether direct, indirect, associative, or perceptive
