AVP / Associate, Credit Trading

Overview

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 ProcessLloyds 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:

The purpose of this role is to become an integral trading/sales assistant on the US Credit Team in LSI, covering US Institutional clients for both US and International investment grade bonds and ABS. Role will report directly to the Head of Financial Markets and have diverse exposure to various institutional clients of Lloyds Bank.

Responsibilities

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

• Support management of US institutional client relationships across both Investment Grade bonds and ABS for the US Credit Trading desk at Lloyds.
• Interact daily with US institutional clients to determine trading strategy/needs and how Lloyds can deliver value in their accomplishment of these goals
• Liaise with New York and London traders to determine axes, understand investment themes and communicate these positions to clients
• Work across the world with the London trading team to deliver not only the US franchise but also Lloyd’s global franchise to US customers
• Support the Credit Trading Team with aiding in trade input, generating additional desk level MI and developing trading capabilities. Must become comfortable with Sophisticated Excel data management and experience with Bloomberg BLP spreadsheet analysis is strongly preferred
• Experience with trade execution and protocols including use of Bloomberg TOMS trade entry system
• Specifically in ABS, the right candidate will have experience in marketing and understanding US prime credit card and auto shelves as well as UK RMBS structures. Esoteric ABS, franchise etc, would also be a key skill
• Understanding of customized structured products, first loss etc, and the ability to market these products to US clients.
• Ideal candidate would have at least 2-4 years of institutional client relationship experience and familiarity with basic concepts in Fixed Income specifically in IG corporates and ABS as well as strong client relationships in these areas
• The right fit would integrate fully into the team, reporting to the Head of NY Credit Trading and help to deliver Lloyds business model to clients throughout the US.
• Strong sense of institutional values consistent with Lloyds Bank mission statement and high level of integrity in dealing with clients

Qualifications

Education and experience required: 

• Contacts and relationships within the Institutional Sales industry
• Minimum of 2 - 5 years validated experience
• Undergraduate degree or equivalent experience required
• Skills, language and appropriate active investor base (‘real money’ investors) to support geographical areas
• FINRA Series 7 & 63 Licenses required
• Experience using Bloomberg and Microsoft Excel is required

Key skills and knowledge required:

• Proficiency in Microsoft Office suite
• Strong verbal and written communication skills
• Ability to work in an open environment
• Organizational awareness
• Environmental awareness
• Analytical skills
• Procedural/Product/Specialist knowledge

Salary Range: $140,000 - $160,000

Salary : $140,000 - $160,000