Lloyds Bank

End Date

Monday 20 July 2026

Salary Range

£78,372 - £87,080

We support flexible working – click here for more information on flexible working options

Flexible Working Options

Hybrid Working, Job Share

Job Description Summary

JOB TITLE: Credit Officer - FI Credit, Insurance

SALARY: £78,372 - £87,080

LOCATION: Birmingham, Bristol and Leeds

HOURS: Full-time

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. Colleagues with disabilities can be supported with workplace adjustments including hybrid working expectations in line with our Flexibility Works policy.

Job Description

What you’ll be doing

We are currently seeking a dynamic and enthusiastic individual to join our Insurance team as a Credit Officer. This role involves conducting comprehensive credit analysis and making well-informed recommendations on lending, trading limits, and internal ratings for our Insurance client base.

FI Credit is an exciting place to work. We are curious and friendly. We challenge existing ways of working and seek ways to simplify and automate, so we can focus on what matters. We collaborate closely with Coverage and Product teams and view ourselves as business enablers.

We are passionate about risk management and dedicated to supporting our business partners in building sustainable and long-lasting client relationships.

As a Credit Officer in FI Credit - Insurance, you'll have a primary focus in the Insurance sector (Brokers, Life insurance, Non-life insurance, Lloyd's of London).

Your responsibilities will include independent credit analysis, recommendations on lending, trading limits and internal ratings, alongside ongoing portfolio management and risk oversight across the Insurance sector.

The person in this role will be encouraged to develop towards exercising delegated credit authority, making independent credit decisions within the relevant approval mandate.

Here's where you’ll make a difference:

• Lead a portfolio of Insurance clients, incorporating forward-looking assessment of sector, market and idiosyncratic risks into credit decisions, portfolio monitoring and stakeholder discussions.
• Proactively contribute to sector strategy and appetite, credit policies and processes for your own and the wider sector portfolio.
• Build positive relationships to become a trusted business partner for our well-regarded Coverage and Product colleagues and help drive collegiate working across FI Credit.
• Take ownership of data integrity and champion simplification initiatives.
• Build and maintain a strong understanding of both market and counterparty risk dynamics associated with traded products, including derivatives and securities financing transactions, and their impact on credit exposure.
• Monitor portfolio risks, concentrations and emerging sector developments, calling out material risks and recommending appropriate risk mitigation actions where required.
• Support the development of junior team members and contribute to maintaining consistent underwriting standards and risk rigor across the team.

Why join us?

We’re on an exciting journey to transform our Group and the way we’re shaping finance for good. We’re focusing on the future, investing in our technologies, workplaces, and colleagues to make our Group a great place for everyone.

What we’re looking for?

• Strong understanding of Insurance business models, regulatory environment, capital frameworks and key risk drivers.
• Robust understanding of financial and non-financial analysis of Insurance firms.
• Formal Credit and Insurance sector training preferred.
• Excellent credit writing skills, with the ability to present complex risks and recommendations in a clear and concise manner.
• Strong understanding of traded products, their market risk calculations, the variable dynamics impacting exposure, associated documentation and appropriate exposure mitigation.
• Sound understanding of banking products extended to insurance firms and their credit risk assessment.
• Self-motivation with a strong willingness to learn. Able to quickly up-skill in relation to new products, sectors and changes in the external environment.
• Effective oral communications skills, with the ability to present complexity in an understandable way.
• Degree in Finance, Economics, Mathematics, Accounting or a related discipline; professional qualifications (e.g. CFA, ACA, ACCA, FRM) are advantageous.

We know that great talent comes from many backgrounds. Whilst this job advert may reference specific years of experience, we recognise that skills are developed in many ways, so if you have relevant, transferable experience, we encourage you to apply.

This is a place for you

Our ambition is to be the leading UK business for diversity, equity and inclusion supporting our customers, colleagues and communities, and we’re committed to creating an environment in which everyone can thrive, learn and develop.

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.

We offer reasonable workplace adjustments for colleagues with disabilities, including flexibility in office attendance, location and working patterns. And, as a Disability Confident Leader, we guarantee interviews for a fair and proportionate number of applicants who meet the minimum criteria for the role with a disability, long-term health or neurodivergent condition through the Disability Confident Scheme.

We provide reasonable adjustments throughout the recruitment process to reduce or remove barriers. Just let us know what you need.

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 to make an impact? Apply today.

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.

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