Description
JOB TITLE: Associate, Credit Stewardship, Portfolio Management
SALARY: Competitive package available
LOCATION: London, Birmingham or Leeds
HOURS: Full Time
WORKING PATTERN: Our work style is hybrid, which involves spending at least two days per week, or 40% of your time, at our London office
About the opportunity
The Credit Stewardship (‘CS’) team within our Portfolio Management function provides an exciting opportunity to work in centre of excellence for all front-line credit stewardship activity. You'll support out client coverage colleagues managing a portfolio of businesses whose annual turnover exceeds £100m. The role provides an excellent opportunity to join a client facing team, which works closely with both the Corporate Sector Coverage teams, Credit, Delivery and Product partners, to manage all first line credit stewardship for existing and New to Bank.
As part of your role, you'll be required to build and maintain strong client relationships with a focus on stewarding new credit requests, annual renewals and Variations, reporting on facility excesses and ongoing covenant monitoring as well as managing the handover to Lending Operations to implement facility documentation.
This role will primarily support the Manufacturing & Industrials sector team, with the opportunity to develop knowledge across the wider Corporate Sector Coverage teams.
What you'll be doing:
With oversight provided from an Associate Director, you'll have the opportunity to manage first-line credit stewardship activities for a portfolio of clients. Key accountabilities include:
Credit Stewardship/ Portfolio Management:
1. Responsible for all first line credit submissions into Credit (Annual Renewals/Variations/Increases) for an assigned sector portfolio
2. Review of Financial Information / Ongoing Covenant Monitoring
3. Analyse financial information and identify key issues
4. Challenge current and future client credit performance incl. update notes to internal stakeholders and Credit
5. Attendance at monthly reporting forums with Relationship Directors and Credit
6. Provide Credit with sector insight/ monitor trends and market sentiment
Credit Events/Transactions:
7. Undertake 1st line credit analysis for all client requests i.e. +1s, covenant re-sets / waivers and amendments and security amendments
8. Operational Risk Management:
9. Post-sanction activities - instruct Lending Operations to issue renewal letters/agreements to clients
10. Ensure ratings/limits are marked correctly on systems
11. Daily Excess Management – review and action all excesses and report to Credit where required
Stakeholder Management/Engagement:
12. Develop strong relationships with key partners including Corporate Coverage, Credit, Lending Operations and Product Partners
Why Lloyds Banking Group?
We're on an exciting journey and there couldn't be a better time to join us. The investments we're making in our people, data, and technology are leading to innovative projects, fresh possibilities, and countless new ways for our people to work, learn, and thrive.
What you’ll need:
13. Client Experience – applicants require a minimum of 12 months experience in Corporate Banking or related roles
14. Experience in complex credit assessment and strong report writing skills
15. Financial analysis and controls – ability to interpret client financial information, identify key issues and put in place appropriate deal structures and controls
16. Product/Procedural/Specialist Knowledge – a broad understanding of internal processes and knowledge of a wide variety of products appropriate to Large Corporate clients Market Knowledge – awareness and understanding of the market environment in which Corporate Coverage operates.
17. Strong interpersonal skills to build client relationships and manage multiple partners
About Working For Us
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. And, 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
This is a once in a career opportunity to help shape your future as well as ours.
Join us and grow with purpose.
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.