Vice President, ABS Syndicate - US Capital Markets

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 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 Process
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 Human Resources Dept at: NRHR@lbusa.com

Entity Overview: Lloyds Securities Inc. (LSI), a broker-dealer registered with the Securities and Exchange Commission (SEC), and FINRA member firm, is the U.S. securities arm of Lloyds Bank Corporate Markets, plc UK (LBCM plc UK). Lloyds Securities' businesses include Debt Capital Markets, Bond Syndicate, Private Placements and Credit Sales & Trading. LSI is part of Lloyds Banking Group, which offers commercial banking and risk management services to large domestic and multinational businesses with a presence in the United States and the United Kingdom. LSI acts as a U.S. chaperoning broker dealer for its foreign affiliate LBCM plc UK under SEC Rule 15a-6.

Role Overview:

Individual responsible for a key role interfacing between Asset Backed Securities (‘ABS’) Banking and Sales to support the marketing, distribution, and pricing of ABS new issuance. Specialist knowledge required for visible market role.

This role requires those who are passionate to learn and succeed at Lloyds Securities Inc. The role involves working in a successful collaborative team environment.

• Work closely with colleagues in ABS Banking, Secondary Trading and Sales to achieve an optimal transaction execution
• Develop cohesive strategies for marketing ABS new issues. Consider where comparable issues have priced recently, supply and demand conditions within the market, competing supply within the pipeline, structural alternatives, and investor feedback obtained during issuer roadshows (wherever relevant)
• Formulate and recommend a specific strategy for bringing the new issue to market. Deliver the recommendation to the issuer after consulting with banking, secondary trading and joint lead managers (as appropriate)
• Be prepared to explain the pros and cons of the recommended approach. Consider alternative approaches and explain why the chosen marketing approach was selected
• Develop a joint recommendation for initial price thoughts. Deliver that recommendation to the issuer along with marketing points in support of the recommendation
• Communicate with Sales to develop orders for the new issue. Track all such orders within a blotter and communicate deal status
• Ensure that appropriate securities laws and regulations are fully complied with during the distribution of marketing materials and deal updates
• On an ongoing basis, provide succinct and accurate market updates to ABS bankers and issuer clients
• Develop active and productive direct dialogues with key investor clients
• Provide information to support senior management reports monitoring market conditions and trends
• Supporting changes to systems, processes and working practices that achieve operational improvement and contributing to development of new product initiatives and structures

Education and Experience:

• Undergraduate degree or equivalent experience
• Valid Series 7, 63 and 79 registrations
• Ideally a min 3 years’ banking experience with significant exposure to capital markets activities

Key skills and knowledge:

• Comprehensive knowledge and wide practical application of the relevant procedures, products and services within North American Asset Back Securities markets
• Strong computer skills: rigorous knowledge of Bloomberg & MS Office (Ideal candidate would also have working knowledge of Intex)
• Excellent organization/prioritization skills, proactively handle tasks and issues
• Strong work ethic, detail orientation and team player

Salary Range: $175,000 – 230,000