Associate, Structured Distribution, Portfolio Management

Lloyds Banking Group; Cardiff; Hybrid; GBP 35,000 - 55,000; Full time

Benefits offered by this job

Pension contribution up to 15%

Annual bonus

Share schemes including free shares

Discounted shopping

28 days’ holiday + bank holidays

Wellbeing initiatives

Generous parental leave

Job summary

Lloyds Banking Group in the UK seeks an Associate in Structured Distribution, Portfolio Management to help manage and enhance credit risk mitigation tools for our Commercial Bank. You will work with colleagues across Coverage, Product, Credit, Finance and Treasury to deepen client relationships while reducing risk and capital.

The role requires analytical capability, strong communication, and the ability to prioritise multiple deliverables in a dynamic environment.

Qualifications

• Experience within financial services.
• Strong stakeholder management and communication skills.
• Proficiency in data analysis and Excel.
• Ability to prioritise multiple deliverables in a timely manner.
• Knowledge of credit risk mitigation tools or related concepts.

Responsibilities

• Become a key part of the Structured Distribution team, managing and improving credit risk mitigation tools for the Commercial Bank.
• Upskill in Credit Risk Insurance and Credit Default Swaps.
• Collaborate with Coverage, Product, Credit, Finance and Treasury to deploy risk tools.
• Analyse data from multiple sources to drive risk tool development.
• Maintain relationships with internal and external partners to enable growth.

Skills

Stakeholder management

Analytical ability

Strategic thinking

Communication skills

Ability to learn

Tools

Excel

Credit risk tools

Job description

End Date

Monday 05 October 2026

Salary Range

£0 - £0

Flexible Working Options

Flexibility in when hours are worked, Hybrid Working, Job Share, Reduced Hours

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

• 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

Why join us

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’ll 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

At Lloyds Banking Group, we're driven by a clear purpose; to help Britain prosper. Across the Group, our colleagues are focused on making a difference to customers, businesses and communities. With us you'll have a key role to play in shaping the financial services of the future, whilst the scale and reach of our Group means you'll have many opportunities to learn, grow and develop.

We keep your data safe. So, we'll only ever ask you to provide confidential or sensitive information once you have formally been invited along to an interview or accepted a verbal offer to join us which is when we run our background checks. We'll always explain what we need and why, with any request coming from a trusted Lloyds Banking Group person.

We’re focused on creating a values-led culture and are committed to building a workforce which reflects the diversity of the customers and communities we serve. Together we’re building a truly inclusive workplace where all of our colleagues have the opportunity to make a real difference.