VP / Manager, Enterprise Credit Risk

Overview

Lloyds 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 class protected by applicable law.

Lloyds 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 People Team at: NRHR@lbusa.com

Role Overview:

Enterprise Credit Risk manager is a new role within the Credit team in North America and will comprise of three key fundamental parts: Risk Infrastructure & Control (RIC), Credit Risk management (CR) and Market Risk management (MR). The candidate will report to the Head of Credit, North America.

Responsibilities

RIC

• Manage and coordinate generation of North America monthly MI pack
• Liaise with UK (RFB and LBCM) partners on system reconciliations, RWA queries, limits management and data quality
• Generate and implement new insights for enhanced local portfolio reporting and controls
• Assist Head of Credit with the annual Fed examination and other portfolio reviews
• Local Project Management involvement as required

CR

• Help to run portfolio of new and existing clients by undertaking 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 required 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.
• 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 business markets and credit implications.

MR

• Supervise Market risk against the set parameters and limits, liaise with key local and UK MR collaborators

Qualifications

Education and Experience Required:

• 3 years of experience desired in a 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:

• Proven analytical ability and attention to detail
• Ability to work well in a fast-paced, team environment, innovate and to prioritize conflicting demands
• Some understanding of the relevant credit sectors, including the recent market trends and developments
• The partner leadership skills to build partnerships with key partners both in US and UK
• Good oral and written communication skills
• Solid leadership and interpersonal skills

Salary Range: $130,000 – $160,000