Associate, Structured Distribution, Portfolio Management

Lloyds Banking Group; Greater London; Hybrid; GBP 55,000 - 90,000; Full time

Benefits offered by this job

Flexible working

Job summary

Lloyds Banking Group in London and across the UK is seeking an Associate, Structured Distribution in Portfolio Management to support credit risk mitigation initiatives for CIB and BCB lending. The role focuses on developing, executing and managing credit risk tools to increase origination capacity while controlling risk and capital.

You will work closely with Coverage, Product, Credit, Finance and Treasury, analyse data, maintain relationships with internal and external partners, and contribute

Qualifications

• Experience within financial services.
• Excellent written and verbal communication.
• Strong stakeholder management and collaboration.
• Ability to prioritise multiple deliverables.
• Solid Excel skills and analytical approach.
• Willingness to learn and adapt.

Responsibilities

• Support execution of credit risk mitigation tools.
• Maximise limits and enable additional lending capacity.
• Engage with internal partners across Coverage, Product, Credit, Finance and Treasury.
• Analyse data from multiple sources to develop risk tools.
• Maintain relationships with clients and external market.
• Contribute to portfolio optimization within CIB and BCB.

Skills

Financial services experience

Stakeholder management

Effective communication

Analytical thinking

Excel proficiency

Time management

Presentation skills

Strategic thinking

Job description

End Date

Monday 05 October 2026

Salary Range

£0 - £0

We support flexible working.

Flexible Working Options

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

Job Description Summary

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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.

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

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 crit