Chief Executive Officer, LBCM Luxembourg

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Job Description Summary

Job Description

JOB TITLE: Chief Executive Officer, LBCM Luxembourg

LOCATION: Luxembourg

HOURS: Full time

SALARY: Competitive package

About this opportunity

This is a fantastic opportunity to lead the stand up and ongoing management of Lloyds Banking Group's new LBCM Luxembourg Branch as its CEO, working closely with UK and other Lloyds European businesses. This role will be responsible for contributing to the expansion of the Lloyds Corporate & Institutional Banking (CIB) growth.

As part of our exciting CIB growth strategy, we recognise that Europe is critical to our CIB client franchise. We want to enhance our presence in Europe, building out some of our leading UK propositions and expertise into European markets. As part of this, we are standing up a new Luxembourg branch and we have a fantastic opportunity for someone to lead this business as its CEO. LBCM Luxembourg is a key part of the Lloyds Bank Corporate Markets (LBCM) and CIB business.

We're looking for an experienced and progressive leader to lead the Luxembourg branch who will report directly to the LBCM CEO who will lead the LBCM Luxembourg executive team.

The LBCM Luxembourg CEO will be responsible for providing leadership and strategic direction for the Branch with P&L accountability. The role holder will play a key role as we stand up the Luxembourg branch as well as its ongoing management and operations. The complexity of this role relates to the breadth, depth, and extensive understanding of primarily the Financial Sponsors and Financial Institutions businesses. The CEO will operate in a complex regulatory environment, and they will be expected to establish strong working relationships with local regulators.

Key accountabilities - as CEO you'll:

• Be responsible for providing strategic direction for our Luxembourg team and therefore will need to be able to inspire, empower and motivate teams whilst demonstrating ownership driving positive customer outcomes. Defined by the Regulator (CSSF), the key responsibility is to oversee the effective, sound, and prudent day-to-day management of the activities and inherent risks in the Luxembourg branch. The role holder will actively participate to the different meetings, as defined by the Terms of References and internal governance in place, to represent the Authorised Management and to determine the business direction effectively.
• Be responsible for driving the Luxembourg strategy which will focus on driving our growth strategy in key client sectors, whilst supporting LBCM's wider European ambitions. This will include; developing and implementing medium-term strategic plans whilst considering the wider business, risk, governance and regulatory context.
• Lead as subject matter expert for LBCM's Luxembourg business, providing leadership, direction and strategic thought to progress the business and the team. Providing a deep understanding of the Financial Institutions/Sponsors business, and external factors impacting the business strategy.
• Be responsible for embedding the LBG culture and vision by modelling behaviours, creating and agreeing stretching performance objectives, feedback and coaching.
• Optimise the Organisational Design and create a high performing team whilst meeting all legal and regulatory obligations related to our people. Additionally, from a Stakeholder Management lens, this role will be one of the two individuals primarily responsible for all interaction and quality of relationship with local Luxembourgish regulators.
• Engage senior stakeholders to influence and challenge key business decisions and support successful development and delivery of business objectives - by attending appropriate risk forums and committees. Also key to build and maintain external and internal network to identify industry best practice, facilitate deep dive risk reviews - and ensure, legal, regulatory and professional compliance.
• Be responsible for the oversight of Outsourced services provided by LBCM/RFB as LBCM Luxembourg will rely predominantly on a shared service model leveraging LBCM/RFB Centres of Excellence where required.
• Operationally, the role will oversight operations and service delivery, in addition to IT activities of the Luxembourg branch.

What you'll need:

• Deep understanding of Financial Sponsors and Financial Institutions sectors, including the Lending product. A strong understanding of Fund Financing structures is key
• Minimum of 15 years' experience working in a senior role within Financial Institutions or Asset Management.
• Languages: you should be able to speak fluent English and either Luxembourgish, German or French
• Proven track record of building and leading successful teams: implementing a clear strategy for growth aligned with LBCM and Group risk appetite.
• Effective business control : breadth of knowledge and experience across the key businesses that transact in Luxembourg, and the wider financial services industry; understanding of economic, political, and social trends; knowledge and experience of regulatory measures; ability to identify, articulate and manage risks to strategy; record of delivering results.
• Compliance with the regulatory system : high standards of conduct and behaviour, especially with regards to the interests of customers; record of delivery on compliance issues; record of robust assessment of colleagues' fitness and propriety; understanding of the importance of documentary evidence for key decisions.
• Responsible delegation of responsibility : understanding of corporate governance; willingness to lead from the front; ability to work with teams across different jurisdictions.
• Openness and cooperation: strong sense of professional ethics and service to the Group and society; willingness to cooperate openly with all stakeholders, including peers, customers and regulators; ability to communicate succinctly and effectively.
• Management of day-to-day activities of Luxembourg Product and Sales function, including understanding of the client base and management of key processes within the business to ensure end-to-end links are maintained
• Lead responsibly and proficiently, manage people resources effectively, support and develop colleague talent and meet legal & regulatory obligations related to our people. Designs, builds, and maintains roles, structures and a high performing team to ensure colleagues deliver their potential and are managed with optimal efficiency.
• Highly effective interpersonal and communication skills - including persuasive, influencing and motivational skills, as you'll be required to engage with senior leadership to understand long-term strategic opportunities and challenges to help support the prioritisation of appropriate actions
• Partner Management - Uses personal impact and positioning to build and sustain long-term relationships at all levels (including C-suite Executives). Ability to resolve disagreements, build consensus and influences outcomes.
• Emotional Intelligence - Uses customer/colleague input to anticipate needs and steer targeted and outcome-focused plans.
• Leadership & Culture - Experience of leading teams and applying situational judgement and experience to advise on a broad range of cultural topics (e.g. ethical leadership and accountability), using strategies such as deep listening to ensure colleagues are engaged.
• Innovative approach and willingness to challenge the status quo to achieve results

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're committed to creating a consciously inclusive workplace where our colleagues can be themselves, thrive and perform at their best.

As an inclusive employer, we offer Workplace Adjustments for colleagues with a disability (which may include long-term health and neurodivergent conditions) where it is reasonable to do so. This could include flexibility with regards to office attendance, location, and working pattern.

We can also provide adjustments that are reasonable throughout the recruitment process to reduce or remove barriers for applicants with a disability, long-term health condition or neurodivergent condition. If you'd like an adjustment to the recruitment process just let us know.

We also offer a wide-ranging benefits package, which includes:

• A discretionary performance related bonus
• Cash allowance to reflect lunch vouchers and private medical contributions
• Pension scheme
• Car parking space ...