Associate Director, Group Treasury, Capital and Funding

at  Lloyds Banking Group

End Date
Friday 28 June 2024
Salary Range
£78,849 - £87,610
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Job Description
JOB TITLE: Associate Director, Group Treasury, Capital and Funding

SALARY: £78,849 - £87,610

LOCATION(S): London
HOURS: Full time
WORKING PATTERN: Hybrid, 40% (or two days) in an our London Gresham Street office
About this opportunity
Are you an experienced markets or Treasury professional looking for your next opportunity?
We’re looking for talented and enthusiastic individuals to join our Group Treasury team at Associate Director level.
You’ll be joining a diverse team, with scope to learn, develop and grow. With significant opportunities for visibility to senior management, you’ll build your network across the organisation whilst taking a lead role in high profile work for the Group. This is a great role for an individual who thrives in thought leadership, influencing senior colleagues, and joining the dots across multiple areas of activity.

Below are some examples of the associate director roles in the team and we would love to hear from you if you are interested in any of these or more broadly in other areas of the team:

• Senior Issuance, Capital Structuring and Planning: This role is in our capital markets Treasury team looking at the optimising of our funding (senior unsecured, covered) and capital (Equity, AT1 and Tier 2) stacks, including issuance and implementing strategic transactions to repurchase debt and equity.
• Non-bank entity treasury activities: This role involves managing funding, liquidity and market risk of the LBG holding company and other non-bank entities in the Group, working alongside our shared service teams.
• Debt IR: This role sits within the team that is responsible for the group’s engagement with debt investors, including the strategy and content shared with debt investors.
• Credit Ratings: This role involves engaging with Moody’s, S&P, and Fitch to manage the assigned credit ratings for all Group legal entities. To do this, you’ll need to collaborate with cross-functional teams to gather necessary information and support all credit and ESG rating activities.
• Transaction Management: This role involves being responsible for the processes associated with secured, unsecured, and MM issuance. Activities include being responsible for programmes and debt disclosure, bond listing obligations and coordinating with third parties including agents, dealers, auditors, and external counsel.
• Recovery and Resolution: Planning for the Group is at the heart of the preparations to face significant stress or ultimately, be prepared if we were ever facing the likelihood of failure.

About us
If you think all banks are the same, you’d be wrong. We’re an innovative, fast-changing business that’s shaping finance as a force for good. A bank that’s empowering its people to innovate, explore possibilities and grow with purpose.

What you’ll need

• Experience in capital markets, capital planning, recovery and resolution planning or related regulatory topics, funding and liquidity, or other relevant treasury experience.
• Experience in building and maintaining relationships across a range of senior colleagues.
• Ability to prioritise your workload and adapt to challenges as they present themselves.
• Experience and confidence in formulating proposals and recommendations, and presenting to senior management.
• Attention to detail and ability using excel.
• Curiosity and problem-solving skills with the ability to convey seemingly complex concepts simply and succinctly.

About working for us
Our focus is to ensure we’re inclusive every day, building an organisation that reflects modern society and celebrates diversity in all its forms.
We want our people to feel that they belong and can be their best, regardless of background, identity or culture.
We were one of the first major organisations to set goals on diversity in senior roles, create a menopause health package, and a dedicated Working with Cancer initiative.
And it’s why we especially welcome applications from under-represented groups.
We’re disability confident. So if you’d like reasonable adjustments to be made to our recruitment processes, just let us know.

We also offer a wide-ranging benefits package, which includes:

• A generous pension contribution of up to 15%
• An annual bonus award, subject to Group performance
• Share schemes including free shares
• Benefits you can adapt to your lifestyle, such as discounted shopping
• 30 days’ holiday, with bank holidays on top
• A range of wellbeing initiatives and generous parental leave policies

Want to do amazing work, that’s interesting and makes a difference to millions of people? Join our journey.
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 keep your data safe. So, we’ll only ever ask you to provide confidential or sensitive information once you have formally been invited along to an interview or accepted a verbal offer to join us which is when we run our background checks. We’ll always explain what we need and why, with any request coming from a trusted Lloyds Banking Group person.
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

• Senior Issuance, Capital Structuring and Planning: This role is in our capital markets Treasury team looking at the optimising of our funding (senior unsecured, covered) and capital (Equity, AT1 and Tier 2) stacks, including issuance and implementing strategic transactions to repurchase debt and equity.
• Non-bank entity treasury activities: This role involves managing funding, liquidity and market risk of the LBG holding company and other non-bank entities in the Group, working alongside our shared service teams.
• Debt IR: This role sits within the team that is responsible for the group’s engagement with debt investors, including the strategy and content shared with debt investors.
• Credit Ratings: This role involves engaging with Moody’s, S&P, and Fitch to manage the assigned credit ratings for all Group legal entities. To do this, you’ll need to collaborate with cross-functional teams to gather necessary information and support all credit and ESG rating activities.
• Transaction Management: This role involves being responsible for the processes associated with secured, unsecured, and MM issuance. Activities include being responsible for programmes and debt disclosure, bond listing obligations and coordinating with third parties including agents, dealers, auditors, and external counsel.
• Recovery and Resolution: Planning for the Group is at the heart of the preparations to face significant stress or ultimately, be prepared if we were ever facing the likelihood of failure