Associate, Securitised Products, LBCM Capital Markets London, England
Lloyds Banking Group
Full Time
London, England
10.56 - 12.04 GBP Today
Job description
End Date
Sunday 07 May 2023
Salary Range
£0 - £0Agile Working Options
Job Description Summary
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Job Description
The Securitised Products Group (SPG) is part of Capital Markets within Lloyds Bank Corporate Markets (LBCM). The SPG business is based in London and New York and structures, markets, and distributes asset-backed securities on behalf of LBCM’s financial and corporate clients. SPG has access to the balance sheet of the Lloyds Banking Group and provides syndicated and bilateral asset-backed funding to its financial and corporate clients.
The Asset Risk Transfer (ART) desk within SPG is a client facing team that is focused on the origination, structuring and execution of credit risk transfer in synthetic and traditional securitisation formats. The ART team has an established record of issuance in UK and European markets.
The role entails working as a member of a deal team focussed on the structuring and delivery of risk transfer and other related securitisations. The successful individual will be expected to contribute to idea generation and execution of bespoke securitisation structures, working within the constraints of accounting, risk, capital, liquidity and regulatory frameworks.
This is a certified role, under the FCA Senior Managers and Certification Regime
Main Duties & Responsibilities
- Contribute to the execution of synthetic and cash risk transfer securitisations for both internal and external clients.
- Support the deal team with data analysis, portfolio modelling, creation of marketing material, managing investor due diligence meetings, review of legal documents, settlement process, and deal summaries.
- A significant portion of the role will involve data analysis and modelling (portfolio construction and optimisation, and rating agency modelling), and the candidate will be expected to grow and develop expertise in this area.
- Assist with coordination across Credit Sales, ABS Syndicate and other colleagues within Capital Markets.
- Assist with communicating transaction structures to Credit Sales and Investors
- Over time develop a deep understanding of various credit asset classes (corporate, commercial real estate, & infrastructure loans, and unsecured consumer loans & residential mortgages).
Experience Required
- Previous experience in structuring of technical transactions obtained in a bank, insurance company or rating agency role.
- A proven ability in numerical modelling and/or experience in the analysis of large data sets.
- Previous experience in securitisation is desirable but not essential.
- A level of understanding of EU/UK securitisation regulation and bank regulatory capital rules is desirable but not essential.
- A finance related qualification such as ACA or CFA would also be beneficial.
Skills & Aptitude
- Demonstrate excellent quantitative and analytical capabilities.
- An ability to code, with experience in one or more languages (e.g., C++, MATLAB, VBA, SQL, Python) is a strong plus.
- An ability to complete tasks to a high-level of accuracy whilst working under time pressure.
- Proven communication skills, especially an ability to communicate complex ideas succinctly.
- Ability to work effectively with peers, clients and internal functions across the bank.
- Collaborative and a team-player.
- Evidence of creativity and adaptability.
What we can offer you in return…
In addition to the competitive base salary you'll also receive:
- A 4% flex cash pot to spend on benefits (or take as cash)
- Discretionary annual group performance bonus
- Generous employer pension contribution up to 16%
- Private medical health cover
- 28 days holiday entitlement plus bank holidays
We're committed to building a workforce which reflects the diversity of the customers and communities we serve, and to building an inclusive environment where all our colleagues can be themselves and succeed on merit. We support the principles of agile working and are happy to consider flexible working arrangements. We're an equal opportunity employer and deeply value diversity within our organisation.
Together we make it possible.
Our continued commitment to helping Britain recover means that as a colleague you can make a difference to customers, businesses and communities. Together we have a key role to play in shaping the bank of the future, whilst the scale and reach of our Group means you'll continue to have opportunities to learn, grow and develop.
We'll ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.
This role is considered Certified under the Senior Manager and Certification Regime as either requiring mandatory qualifications or being deemed as a role capable of providing ‘significant harm’ to customers. Due to this, successful candidates will be subject to enhanced levels of vetting, and required to complete a fitness and propriety attestation on commencement in role. Colleagues performing this role will be required to be complete a fitness and propriety attestation on an annual basis and will also be subject to additional routine criminal and credit checks
As a certified colleague your details will be published on the FCA’s Financial Services Register
This role has been identified as a Client-dealing function under SYSC 27.8.18R as defined in the FCA Handbook
The Person (“P”) performs the client-dealing FCA certification function for a firm if:(1) P is carrying out any of the activities in the table in SYSC 27.8.19R; and(2) those activities will involve P dealing with:(a) a person with or for whom those activities are carried out; or(b) the property of any such person;in a manner substantially connected with the carrying on of regulated activities by the firm.
As a certified colleague your details will be published on the FCA’s Financial Services Register
This role has been identified as a Client-dealing function under SYSC 27.8.18R as defined in the FCA Handbook
The Person (“P”) performs the client-dealing FCA certification function for a firm if:(1) P is carrying out any of the activities in the table in SYSC 27.8.19R; and(2) those activities will involve P dealing with:(a) a person with or for whom those activities are carried out; or(b) the property of any such person;in a manner substantially connected with the carrying on of regulated activities by the firm.
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'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.
