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Job Description Summary

Job Description

Lloyds Bank Financial Sponsors (FS) is a leading private markets fund finance franchise which operates in a growing global market.

FS is a well-established business and a key part of the Sponsors & Structured Finance group, and the wider Corporate & Institutional Coverage (CIC) business.

The global team is located in London & New York City and is responsible for managing the Bank’s relationship with the world’s leading private market fund managers and the fund structures they manage. The managers operate across the private equity (including direct LBO, fund of funds and secondaries), private debt, private infrastructure, and private real estate asset classes.

Clients are headquartered in the UK and internationally and invest in real world operating businesses and / or projects. Client relationships are long standing and deeply embedded and produce high quality lending and associated risk management opportunities.

The team is multi-disciplined and is both a product and a coverage group. Responsible for both the direct origination, structuring, execution and management of investor recourse and asset backed fund finance loans and comprehensive relationship coverage. Including driving complimentary ancillary business in tandem with key product partners, such as foreign exchange.

The team operates a matrix client coverage structure, and the Associate Director (AD) role is at the heart of its successful operation. Reporting to a Director, the successful candidate will have responsibility for a dedicated client set within the overall FS portfolio. You will generate, structure, execute and manage new lending, as well as portfolio management of existing senior loans which can span the fund finance risk spectrum.

These include investor recourse / capital call facilities, through to asset backed gearing / leverage facilities, General Partner co-invest and management company financings. As noted, complimentary ancillary products will be transacted by an appropriate product partner although the job holder will be responsible for any associated risk limits.

Accountabilities:

• Responsibility for a specific set of existing FS clients which will span private markets asset classes.
• Originate, structure, execute and manage new bilateral and syndicated fund finance debt opportunities across the product spectrum., with a view to achieving an appropriate risk / reward balance
• Manage existing loan assets (all aspects including but not limited to, analysis of ongoing fund performance and monitoring of utilisations and repayments) which are currently deployed to the specific client set. This includes managing and executing all credit renewals and ancillary credit limits.
• Prepare and present credit and investment committee proposals in line with the above. This includes internal FS forums and those external to the business including the formal sanctioning chain.
• Manage KYC / OKYC & bank accounts across a dedicated client set.
• Coach, mentor and develop Associates.

Essential:

A motivated self-starter with direct relevant experience in private markets investing, including fund finance, leveraged finance or equity, either funds or direct. A strong practical understanding of credit risk in the fund finance environment. Proven ability to build and manage relationships with a highly sophisticated client set.

As a new colleague of Lloyds Banking Group, you’ll join our inclusive, values-led culture passionate about making a difference. We're big believers of diversity and inclusion where everyone is welcome!

We’ll ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform crucial job functions, and to receive other benefits and privileges of employment.

In addition to a competitive salary we’ll also provide:

4% flex cash pot to spend on benefits (or take as cash). A generous employer pension contribution up to 15%. Discretionary annual group performance bonus. Private medical health cover, Share schemes and access to Staff discounts

Together we make it possible! To find out more, click here www.lloydsbankinggroup.com/careers

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 and 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.

At Lloyds Banking Group, we're driven by a clear purpose; to help Britain recover. 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.