Business Support Associate , Insurance
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Position Overview & Specifications
Agile Working Options Other Agile Working Arrangements / Open to Discussion Job Description Summary . Job Description Corporate & Institutional Coverage ('CIC') is the client coverage business within Commercial and Institutional Banking ('CIB') operating across the UK and North America and looks after the overall management of businesses whose annual turnover exceeds £100m. CIC consists of many different sector Teams. The Insurance team is one of the leading providers of commercial banking products to the global insurance sector. Our team, operating in London and New York, holds extensive relationships with the senior management teams of insurers and insurance brokers across the UK, Europe, Bermuda and North America. Our team is multi-disciplined, with our clients using the full suite of commercial banking products ranging from complex loan financings and Debt Capital Markets issuances to letters of credit and hedging. We seek to support our team members and offer opportunities for all colleagues to develop. The Insurance team is an important part of LBG's offering to the broader Financial Services sector and a key contributor to the Corporate & Institutional Coverage business. We currently have an excellent opportunity for an Associate to join our team. You'll provide comprehensive support to Relationship Managers to optimise the client experience. You'll work in partnership with the Relationship Managers on a range of critical client management activities and develop strong internal networks. Your role and responsibilities will include:
- Support client enquiries across a wide range of areas, working collaboratively with RMs and internal delivery functions to provide best in class client servicing.
- Manage NTB KYC & trigger cases across all products.
- Promote the team franchise with internal and external partners, collaborating closely with product and delivery to maximise impact and opportunities.
- Management of the relationship portfolio, record maintenance, client moves and relationship exits.
- Working with the RM’s on product initiatives with the aim to help generate new prospects and income.
- Strong team player willing and able to take the broader view for the benefit of the wider CB and team franchise, using influence to achieve efficient outcomes for the team and our clients.
- Ability to communicate effectively at all levels and across different audiences and cultural environments.
- Manage key Credit, Operational and other risks associated with the portfolio, including excesses and payment referrals.
- Support the client interface on behalf of the Group to ensure operational improvement and that enquiries and issues are satisfactorily resolved.
- Knowledge of the key product suite that Lloyds can offer both from Lloyds Bank and Lloyds Bank Corporate Markets, relevant for our client base.
- Strong work ethic, motivation, detail orientated and a passion for excellence
- Effective written and verbal communication.
Desirable skills:
- Knowledge of internal bank systems (Common, ICRS, Crisp, Com-CMD) would be advantageous.
- A Discretionary Performance Share Award
- Generous pension contribution
- 28 days leave plus bank holidays
- A flexible cash pot (4% of base salary) to spend on benefits
- Private health cover
- Share Schemes
Candidate Selection & Onboarding Process
Application & Resume Screening
Submit your tailored CV/Resume directly to the talent acquisition portal.
Technical & Competency Interviews
Virtual interviews with the hiring manager and multidisciplinary team.
Formal Offer & Benefits Negotiation
Written agreement outlining compensation, equity, retirement vesting, and relocation allowances.
Onboarding & Corporate Integration
Equipment provisioning, team orientation, and commencement of duties.
United Kingdom Right to Work & Skilled Worker Visa Guide
Employment in the United Kingdom requires legal Right to Work verified under the Home Office Points-Based Immigration System:
Sponsoring employers must hold an active Home Office A-rated Sponsor License and assign a valid Certificate of Sponsorship (CoS). Role must meet the general minimum salary threshold (£38,700) or occupation going rate.
Continuous employment under Skilled Worker status establishes eligibility for Indefinite Leave to Remain (ILR) after 5 continuous years, leading to British Citizenship.
Candidate Preparation Blueprint: Banking & Lending
Based on transatlantic hiring benchmarks for Business Support Associate , Insurance roles across Lloyds Banking Group's corporate sector, successful applicants typically excel across three core dimensions:
Demonstrated portfolio evidence, architecture/system design case studies, or validated professional certifications directly applicable to Banking & Lending.
STAR method competency responses highlighting cross-functional leadership, conflict resolution, and delivering measurable enterprise ROI under tight timelines.
Total compensation expectation aligned within the benchmarked £31,529 - £45,696 bracket, including retirement vesting and health parity.
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