Associate, Credit

Overview

Lloyds Bank Corporate Markets, plc (“LBCM”) forms an integral part of Lloyds Banking Group, a UK-focused retail and commercial bank with more than 30 million customers globally. We have been operating in North America for over 100 years, providing a client-focused approach for global businesses with strong links to the UK. Our New York operations provides a gateway between the UK and North America for financial institutions and large corporate clients, offering core banking products such as lending, trade finance and a range of debt capital and financial markets services through our US broker dealer, Lloyds Securities Inc.

Lloyds Bank is committed to attracting, retaining and developing the best talent in the industry and embracing the diversity of our people. We offer our colleagues ongoing training, development, mentoring and networking opportunities, as well as competitive benefits and vacation leave. We are dedicated to working with our community and offer a range of volunteering and fundraising activities throughout the year.

Diversity and inclusion are a part of who we are at Lloyds Bank. Lloyds North America strives to create a culture where every individual feels included, and empowered to be their best. Providing equal employment opportunities to all applicants and employees without regard to race, color, religion, creed, gender, gender identity or expression, age, national origin or ancestry, citizenship, disability, sexual orientation, marital status, pregnancy, veteran status, membership in the uniformed services, genetic information, or any other basis protected by applicable law.

Lloyds values diversity in all backgrounds and experiences and wants their employees to bring their “whole self” to work!

Reasonable Accommodations for Qualified Individuals with Disabilities During the Application ProcessLloyds North America is committed to providing reasonable accommodations for qualified individuals with disabilities in our job application process. If you have a disability and require a reasonable accommodation in order to participate in the application process, please contact our Human Resources Dept at: NRHR@lbusa.com

Role Overview:

Will act as the credit analyst on a broad portfolio of Financial Sponsors clients. As part of this role, the candidate will undertake an independent credit risk assessments of portfolio and individual transactions with the aim of supporting responsible business growth within Lloyds Bank North America and manage existing credit exposure.

Responsibilities

• Help manage portfolio of existing and new to bank Financial Institutions and/or Large Corporates clients by undertaking full credit analysis, due diligence, control and exposure monitoring processes.
• Support the process to ensure sound asset quality by monitoring of each counterparty via the annual renewal process (more frequent reviews are mandatory for medium and high risk counterparties)
• together with regular management information, trends in performance, news flow etc to ensure the early identification of deteriorating credit quality and recommendation of an appropriate course of action.
• Work proactively with the Front office colleagues to determine most appropriate credit terms for the credit documentation, ISDA/CSA and covenants.
• Build knowledge of the sectors and areas of business where credit involvement and responsibilities are held as well as maintaining an appreciation of the wider Lloyds Banking Group North America business markets and credit implications.
• Spread and analyse borrowing base information and generate supportable counterparty risk ratings.
• Build and maintain good working relationships with colleagues and the Credit network in order to ensure the efficient operation of the Credit function.
• Contribute to project initiatives, taking responsibility for the development and implementation of specific deliverables and ensuring these are achieved within the required time, cost and quality parameters.
• Responsible for knowing, understanding, and complying with all Bank and governmental rules and regulations that apply to their job (details of such rules and regulations can be obtained from the employee's supervisor and/or Local Compliance Dept).
• Responsible for reporting to the Head of Credit or Head of Compliance any non-compliance with Lloyds Banking Group or governmental rules or regulations that may come to the employee's attention in the course of their employment.

Qualifications

Education and Experience Required:

• Minimum 1-2 years of experience in the relevant field or in similar financial institution
• Advanced degree in relevant field from recognized university
• Professional certifications relevant to the role are a plus

Key skills and knowledge required:

• Understanding of the relevant sectors, including the recent market trends and developments
• Initiative and sound judgment
• The ability to prioritize conflicting demands
• The stakeholder management skills to build partnerships with business leaders and with other departments
• Good oral and written communication skills
• Proven analytical ability and attention to detail
• Proven ability to work well and learn in a fast-paced, team environment
• Demonstrate the ability to work in a team environment and handle multiple concurring assignments