Director, Senior Credit Officer

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

Role Overview:

Lloyds Banking Group is a leading project finance bank - the top Project Finance bank in the UK since 2018 and growing steadily in the US since 2021. Infrastructure & Project Finance Credit (“I&PF Credit”) is the credit team which supports this business area. We are the 2nd line of defense and a key facet within Corporate Institutional Banking Credit. The team is responsible for the independent credit analysis of facilities provided to counterparties involved in the infrastructure and project finance sectors. Our main asset classes are Renewables, PFI/PPP, Economic and Digital Infrastructure. Our aim is to be a best-in-class credit function supporting a market-leading franchise and support new growth opportunities.

For many years Lloyds has had a significant NY presence and its importance is growing – the office includes today a small first line Infrastructure & Project Finance team, as well as teams responsible for Corporate and Financial Institutions Coverage and Credit. Given our growth plans for the US market we are now expanding the I&PF Credit team through the addition of a Director (Senior Credit Officer) role in our NY office – the successful candidate will work closely with the Credit team in London and with front line colleagues in both the NY and London offices. The new role will facilitate the ongoing management of the book and the continued growth of the franchise.

This is an exciting opportunity to join a growing team. You will play a central role in delivering the Group’s Sustainability agenda by applying your structured finance experience in support of the transition towards renewable energy, with a clear focus on risk. This is a key senior management role that will in due course carry line management responsibility.

Key Tasks and Responsibilities of the role include, but are not limited to:

• Reporting to the Head of I&PF Credit, you will be one of 5 Directors in I&PF Credit leading and line managing a team of credit professionals who specialise in Infrastructure and Project Finance. Together, you will be responsible for their personal and technical development.
• You will liaise with asset managers, originators, relationship managers, products partners, clients and, where necessary, shape structured credit proposals in order to maintain an acceptable balance of risk and reward.
• Oversee and support the team in conducting independent credit assessments for presentation to sanctioning officials to enable informed decisions to be made. This involves the analysis of company prepared information, extensive technical and market due diligence, and identifying key strengths and risks. Submissions include new to bank business, increased lending, variations from existing terms, restructures and annual credit reviews.
• Monitor and control credit exposures to identify increases to the risk profile, communicating with senior Risk colleagues and sanctioners as well as other interested parties as appropriate, and to maintain compliance with LBG policy and regulatory policy.
• Guide and support the team in undertaking customer, sector and market research to ensure assessments have an external dimension. Apply sound judgement to ensure relevant material is included when evaluating the strengths and weaknesses of a lending proposal. This includes sensitivity analysis of internal/external cash flow models.
• Lead on the production of periodic sector and policy reviews.
• Maintain records to satisfy internal and external requirements, particularly relating to data quality and statutory reporting.
• Assess proposed transactions against Group Policy and supervise the deal origination team in the same respect.
• We provide an encouraging learning environment, with an emphasis on teamwork and personal development. You will work in a high profile and demanding environment committed to delivering core positive group values, motivating others to embrace innovation and simplify ways of working across teams.

Education and experience required: 

• 10 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:

• You have existing credit risk management in the US infrastructure and project finance sector (including renewables), with an in-depth technical understanding of these sectors.
• You'll have well-developed communication and influencing skills and are happy to challenge the status quo whilst being comfortable making and explaining your decisions.
• You're also able to balance conflicting demands whilst delivering to tight timescales. as well an ability to quickly learn and adapt to new challenges
• You can demonstrate sound judgement, strong decision-making skills, good attention to detail, the ability to collaborate, good line management skills, and a passion for the asset classes which we cover.
• Ability to travel for any potential onsite due diligence visits.

Salary Range : $215,000 - $240,000