Credit Director – Alternative Funds (Financial Sponsors) – FI Credit

LLoyds Banking Group
End Date
Wednesday 12 July 2023

Salary Range
£105,400 – £124,000

We support agile working – click here for more information on agile working options.

Agile Working Options
Other Agile Working Arrangements / Open to Discussion

Job Description Summary
WORKING PATTERN: Our work style is hybrid, which involves spending at least two days per week, or 40% of our time, at one of our office sites.

FI Credit at Lloyds Banking Group is a fun and exciting place to work. We re a friendly bunch, very curious, and like asking lots of questions. We love to challenge existing ways of working and are always looking for ways to simplify things, so we can focus on what matters. We re passionate about risk management, and we want to support our business partners to build a balanced business with strong and long-term client relationships.

Job Description

We re on an exciting journey and there couldn t be a better time to join us. The investments we re making in our people, data, and technology are leading to innovative projects, fresh possibilities, and countless new ways for our people to work, learn, and thrive.

As a Credit Director in the Alternative Funds Credit team, you ll be involved in leading all aspects of managing the credit quality of our Financial Sponsors portfolio, by supporting the provision of Fund Finance facilities to our Top Tier Private Equity, Secondaries, Infrastructure and Private Debt Managers.

We support our private market fund managers through the provision of Subscription Credit Facilities. This is supplemented by disciplined growth in the provision of NAV based Gearing facilities, and to a lesser extent liquidity and general partner (GP) support facilities to our top tier relationships. We also oversee a significant FX derivatives book supporting our Financial Sponsor clients when hedging their fund level FX risk related to investments or commitments into different currencies (typically vanilla forward FX or spot).

Overview

We re looking for someone with solid experience & transferable skills from a relevant Credit or Coverage background, as well as an individual with drive, strong organisation & problem solving skills, and great attention to detail. You ll be a senior member of the team, supporting and constructively challenging the business, whilst helping to structure robust, commercially viable deals.

You ll be able to demonstrate strong technical and analytical skills, reviewing and supporting sophisticated transactions. In due course, you’ll be expected to lead Credit Due Diligence discussions with clients, and make decisions with a sizeable delegated credit authority.

As part of this role you’ll manage a small portfolio of counterparties, prepare credit submissions for annual reviews & new transactions and present these submissions to sanctioning officials for approval. As a Senior Credit Officer, we’ll also expect you to contribute to the design and delivery of sector strategy, appetite, credit policies and processes to help run the portfolio, and you ll be regarded as a trusted business partner who can be a role model across FI Credit.

Our goal is for the new hire to become an active & valuable senior member of our team and the wider FI Credit team. We re passionate about our people, and we have a huge focus on empowerment, career progression, diversity, learning & development, agility and work-life balance. As a part of FI Credit, you may also have the opportunity to get involved with other portfolios in the wider team too, which includes Securitisations, Banks, and Insurance.

Skills / Experience

• 7 years credit experience as a minimum, demonstrating the ability to analyse credit risk and shape deal structures.
• Sound knowledge of the Funds sector, including trends, horizon risks and regulation.
• Experience of Fund Finance lending products, such as Subscription Credit Facilities, Gearing (Asset/NAV recourse) facilities and liquidity facilities. Working knowledge of Continuation Funds and GP Support facilities would also be a plus.
• An understanding of derivative products (particularly FX), as well as the associated ISDA/CSA documentation and key credit terms, would be useful.
• Exceptional organisation skills with the ability to juggle multiple requests, prioritise workloads, meet deadlines, as well as having the confidence to flag when you might need help.
• A committed team player with great communication skills and eagerness to build positive relationships, and help up-skill and cross train other team members.
• Track record in making important and urgent decisions and ability to communicate succinctly and efficiently in a clear and unambiguous manner.
• Held Credit Authority in past roles and/or proven leadership ability in a credit role would be desirable, but not necessary.

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 performance-related bonus
• 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

Ready for a career where you can have a positive impact as you learn, grow and thrive? Apply today and find out more.

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.