ED & Head of Business Governance (FLOD) - IB&M

JOB PURPOSE: The role is responsible for leading the Investment Banking & Markets First Line of Defence (FLOD) governance and controls function, ensuring it is fit for purpose and aligned with international best ‑ practice standards. The role establishes a dedicated business ‑ owned controls and governance capability that partners closely with Risk, Compliance, and other control functions to support informed decision ‑ making, effective risk management, timely issue resolution, and operational excellence across the First Line. The Head is accountable for embedding a strong risk and control culture across Investment Banking & Markets, ensuring adherence to internal policies, regulatory requirements, and governance frameworks, while maintaining appropriate challenge and escalation. This is an important role requiring strong stakeholder management, communication, and influencing skills to drive accountability, consistency, and continuous improvement across complex and fast ‑ moving businesses. The function supports Coverage, Global Markets (GM), and Global Corporate Finance (GCF). KEY ACCOUNTABILITIES: 1. Risk Tracking & Control Design Own and oversee tracking of business ‑ owned action plans to implement or comply with new and amended regulatory requirements Lead the design, enhancement, and implementation of new or changed First Line controls, ensuring alignment with regulatory expectations and internal policies Establish and maintain a business ‑ level risk and control library across IB & Markets businesses, ensuring consistency and completeness 2. Regulatory Engagement Act as the central FLOD coordination point for regulatory requests, examinations, and information submissions, ensuring timely, accurate, and high ‑ quality business responses Coordinate business inputs and management information (MI) provided to regulators Partner closely with business stakeholders, Compliance, Risk, and other control functions to ensure ongoing regulatory adherence and readiness 3. Policy & Governance Frameworks Track Group policy changes and assess implications for Investment Banking & Markets, ensuring timely updates to business SOPs and controls Design and implement controls across the Global Markets end ‑ to ‑ end trade lifecycle, ensuring adherence to approved policies, procedures, and governance standards 4. Risk Assessments & Control Effectiveness Enterprise ‑ Wide Risk Assessment (EWRA): Coordinate IB & Markets business inputs and MI Independently challenge and validate Compliance ‑ led inherent risk and control assessments in the first instance Risk & Control Self ‑ Assessments (RCSA): Coordinate business RCSA activities, including identification of key regulatory and operational risks and control gaps Facilitate and oversee formal challenge sessions with Second Line of Defence (e.g. Compliance) Conduct regular reviews of business activities and processes to identify vulnerabilities, control weaknesses, and enhancement opportunities, and recommend remediation actions For Global Markets trade monitoring, oversee the assessment of preventative versus detective controls Coordinate FLOD engagement on other risk areas as required (e.g. Conduct Risk) Develop and maintain Key Risk Indicators (KRIs) to measure control effectiveness and emerging risk trends in near real time 5. Assurance & Monitoring Coordinate business engagement and responses to Compliance Monitoring and Testing plans Execute agreed First Line monitoring activities, aligned with Compliance and business priorities 6. Issues, Findings & Incident Management Own the coordination and oversight of business ‑ owned issues arising from: Compliance monitoring Group Internal Audit (GIA) Regulatory examinations FLOD monitoring and near ‑ misses Ensure clear accountability for issue ownership within the business Track remediation progress, interim milestones, and deadlines; escalate delinquencies appropriately, especially where regulatory risk exists Manage dependencies across functions and escalate impediments where required Oversee escalation and tracking of near ‑ misses and control failures 7. Training & Awareness Monitor and report on mandatory training completion, escalating delinquencies to senior management Coordinate business responses to mandatory HR and regulatory training programmes, in partnership with HR and Compliance 8. Reporting, Governance & Committees Develop and maintain a business ‑ owned IB & Markets governance framework, involving relevant stakeholders (Compliance, Risk, Technology, Operations) Ensure effective oversight of risks, controls, issues, and risk appetite metrics Produce and escalate risk, control, and performance reporting (KRIs, KPIs) Perform thematic and trend analysis to identify systemic issues and emerging risks. Oversee data quality and source systems supporting risk and regulatory reporting Chair/lead relevant go

Note: The posting does not include a distinct 'Requirements' section with explicit qualifications. The content outlines responsibilities, governance, and risk-management capabilities expected at a senior level, but specific candidate requirements are not listed.