Job Details

Senior Credit Analyst

£32,680 - £50,705 , Permanent

Posted: 6 hours ago


Lloyds Banking Group is a customer focused, sustainable, efficient and low risk UK financial services leader with distinctive capabilities and a clear purpose of Helping Britain Prosper. We are the largest UK retail and commercial financial services provider, with a presence in nearly every community.

We're a credit risk team accountable for making automated credit decisions for our market leading unsecured consumer products; Personal Current Accounts, Credit Cards and Personal Loans, with assets totalling c.£24bn. We produce insight through analytics to make sure we lend responsibly and continually improve our credit strategies to optimise our decisions to benefit our customers and the Bank.

It's an exciting time to be joining the team and LBG! Alongside the 2022 update to the Group strategy, we're heavily investing in our data and infrastructure to enhance our credit decisioning capabilities to deliver safe and sustainable growth.

Core Purpose of the Role

Our purpose is to maintain a resilient portfolio through sustainable lending to deliver the best outcomes for customers and stakeholders. We do this by taking ownership to act, while supporting each other and valuing difference. The team's responsibilities include:

  • Define all aspects of credit risk strategy (originations, account management, limit management, affordability assessments) for LBG unsecured portfolios, ensuring that actions effectively manage risk and reward, support business objectives and translate into positive portfolio outcomes

  • Overall accountability for all portfolio lending decisions, delivering unsecured portfolio credit risk appetite and ensuring responsible lending guidelines are met

  • Prepare loss forecasts for the business that we underwrite, using macro-economic input data to ensure product proposition, pricing and lending criteria combine to return sustainable and profitable returns

  • Proactively manage risk and reward through development, monitoring and optimisation of Origination and Account Management Credit Risk Strategies delivering measurable improvements in portfolio performance and processes

  • Identify trends based on existing and emerging portfolio conditions, and recommends enhancements to Credit Strategies, policies and processes to improve the risk vs. reward trade off

  • Determines and recommends Credit Strategy actions that will strengthen the medium and long term resilience of the portfolio to external economic factors that may impact the future profitability of the business or risk appetite

  • Continually assess and use the latest data, segmentations and tools to deliver the most optimal Credit Strategy performance

  • Provides thought leadership, innovation and strategic direction around Credit Strategy Management capabilities. Ensure that organization, data, tools and process keep pace with the speed of innovation.

  • Challenge and advise the business to mitigate and control credit risks in accordance with the credit risk appetite

  • Identify, manage and report emerging, strategic and existing risks, raising to the senior leadership and the Board appropriately

What are we looking for?

For Senior Credit Analysts:


  • Strong numerate skills and qualifications (either A-Level or Degree)

  • Analytical expertise - you'll have practical experience of using SAS, and be confident in using Microsoft Office, particularly Excel and Powerpoint.

  • Credit Risk - you'll have experience of at least one of the following:

    • Design of risk appetite controls, credit risk reporting and insight spanning acquisition and portfolio performance, development of benchmarking insight to LBG market position relative to peers

    • Development of short and medium term credit performance and loss forecasting, utilising macro-economic inputs, tracking forecast performance against actuals

    • Design and development of automated credit risk strategies, including the use of scorecards, internal and 3rd party data

  • Communicating effectively - ability to explain complicated issues clearly to different audiences; technical, non-technical, junior colleagues and senior management; both verbally and non-verbally.

  • Enthusiasm for problem solving - When the answer isn't in the data, sometimes you need to look elsewhere, and this takes a curious, creative and logical thinking to explore the problem and find a solution.

  • Responsible lending - you'll have knowledge regulatory compliance and understanding of conduct risk for fair customer outcomes


  • Proficient in PowerBI

  • Close attention to detail

  • Coaching junior members of the team

  • Deputising for Management where required and supporting them to shape initiatives

  • Experience in personal lending.

What will you get in return?

Our team wants you to have the opportunity and support to develop yourself both technically and interpersonally to optimise your potential. We have the scale and breadth to provide you with a diverse range of personal development and a career that's enriching.

As well as a competitive salary, you can also expect excellent benefits, including a discretionary performance-related bonus, private health cover, share schemes, and a generous pension contribution, along with the option to choose an additional cash lump sum (4% of salary) or pick from a wide range of industry leading benefits.

We will be pleased to consider applications from candidates seeking flexible working arrangements. Our team is primarily based around our London, Chester, Cardiff and Halifax offices, but we have colleagues spread all over the UK. As a team we work flexibly following a hybrid working model, combining working from home with travel to our offices to align with work activities. Plus, you'll be part of an encouraging team who work in a variety of flexible ways to accommodate work-life balance

We have a truly inclusive culture and greatly value the diversity of thought to really make a difference for our customers.

If you have the skills we need to belong to our inclusive team, please get in touch.

Job Details

Full Time
London, United Kingdom
£32,680 - £50,705