Associate, Structured Distribution, Portfolio Management

Lloyds Banking Group; Cardiff; Hybrid; GBP 45,000 - 60,000; Full time

Benefits offered by this job

Pension contribution up to 15%

Annual performance-related bonus

Share schemes

Lifestyle benefits

28 days holiday + bank holidays

Wellbeing initiatives & parental leave

Job summary

Lloyds Banking Group is seeking an Associate in Structured Distribution within Portfolio Management. The role focuses on supporting the execution and optimization of credit risk mitigation tools to increase origination capacity and balance risk.

The successful candidate will collaborate across Coverage, Product, Credit, Finance and Treasury. You will develop expertise in Credit Risk Insurance and Credit Default Swaps, while working to optimise the bank's portfolio and relations with clients.

Qualifications

• Experience in financial services.
• Excellent written and spoken communication to explain complex concepts clearly.
• Strong stakeholder management and collaboration skills.
• Ability to prioritise multiple deliverables and meet deadlines.
• Strategic thinking with creative problem-solving.
• Eagerness to learn and grow in credit risk tools.

Responsibilities

• Support execution of credit risk mitigation tools to maximise limits.
• Upskill in Credit Risk Insurance and Credit Default Swaps.
• Engage with Coverage, Product, Credit, Finance and Treasury to deploy mitigation tools.
• Analyse data from multiple sources to develop risk mitigation solutions.
• Maintain relationships with internal partners and external markets to grow opportunities.
• Contribute to pricing discussions and risk conversations in the bank.

Skills

Stakeholder management

Analytical ability

Excellent communication

Deliverables management

Strategic thinking

Desire to learn

Tools

Excel

Job description

JOB TITLE: Associate, Structured Distribution, Portfolio Management
LOCATIONS: London / Edinburgh/ Cardiff
HOURS: Full-Time
WORKING PATTERN: Our work style is hybrid, which involves spending at least two days per week, or 40% of our time, at one of our office sites. Colleagues with disabilities can be supported with workplace adjustments including hybrid working expectations in line with our Flexibility Works policy.

What you'll be doing

The Portfolio Management (PM) team exists to build and optimise LBG's Commercial Banking portfolio, which includes Business & Commercial Banking (BCB) and Corporate & Institutional Banking (CIB) lending.

The team is responsible for delivering an efficient use of financial resources (e.g. capital, liquidity, funding) to create space to do more with our clients, whilst improving value for shareholders.

Key to achieving this is our Structured Distribution team within PM. Our team is responsible for developing, executing and managing a range of structured transactions which aim to increase origination capacity, reduce risk and increase returns. This includes risk distribution / mitigation techniques, including the purchase of credit risk mitigation tools: Credit Risk Insurance and Credit Default Swaps.

We have a new exciting Associate opportunity where you'll support the execution of these tools, maximising limits available and enabling additional business to be written!
This role is an excellent opportunity to work on credit risk mitigation initiatives. These initiatives span Commercial & Institutional Banking (CIB) and Business & Commercial Banking (BCB), focusing on optimising the portfolio in terms recycling bank limits.

This role will enable you to:

• Become a key part of the Structured Distribution team, working to manage and improve our credit risk mitigation tools on behalf of the Commercial Bank
• Upskill specifically in the use of Credit Risk Insurance and Credit Default Swaps
• Engage with colleagues across Coverage, Product, Credit, Finance and Treasury to deploy credit risk mitigation tools to enable deepening of relationships with clients while reducing the bank's risk and capital
• Analyse data and intel from multiple sources to drive the development of risk mitigation tools
• Actively maintain relationships with both internal partners and the external market, to provide opportunities for growth
• Develop the Commercial & Institutional Bank's understanding of risk mitigation tool options, helping to bring these solutions to the forefront of credit and pricing conversations

We're on an exciting journey to transform our Group and the way we're shaping finance for good. We're focusing on the future, investing in our technologies, workplaces, and colleagues to make our Group a great place for everyone.

What we're looking for

You will be a motivated and enthusiastic colleague with good stakeholder management skills and analytical ability. We welcome applications from colleagues who can demonstrate the following skills:

• Experience within financial services
• Great communication skills (written and oral) with the ability to explain complicated concepts concisely and fully to less familiar audiences
• Strong stakeholder management skills and a desire to collaborate are required to build and maintain positive links with internal and external groups
• Able to manage and prioritise multiple deliverables in a timely and effective manner
• Good excel skills with a methodical and analytical approach to decision making
• Ability to present complex information simply
• Strategic approach with the ability to think laterally, be innovative and find creative solutions
• A desire to learn! This will enable you to understand, evaluate and execute transactions

And any of experience of these would be great:

• A good grasp of our products and services will be beneficial
• Understanding of the Group's capital management framework
• The ideal candidate would have some knowledge or experience of credit risk mitigation tools.

This is a place for you

Our ambition is to be the leading UK business for diversity, equity and inclusion supporting our customers, colleagues and communities and we're committed to creating an environment in which everyone can thrive, learn and develop.

We were one of the first major organisations to set goals on diversity in senior roles, create a menopause health package, and a dedicated Working with Cancer Initiative.

We offer reasonable workplace adjustments for colleagues with disabilities, including flexibility in office attendance, location and working patterns. As a Disability Confident Leader, we guarantee interviews for a fair and proportionate number of applicants who meet the minimum criteria for the role with a disability, long-term health or neurodivergent condition through the Disability Confident Scheme.

We provide reasonable adjustments throughout the recruitment process to reduce or remove barriers. Just let us know what you need.

We also offer a wide-ranging benefits package, which includes:

• A generous pension contribution of up to 15%
• An annual performance-related bonus
• Share schemes including free shares
• Benefits you can adapt to your lifestyle, such as discounted shopping
• 28 days' holiday, with bank holidays on top
• A range of wellbeing initiatives and generous parental leave policies