About Lloyds Banking Group
Lloyds Bank plc is a British retail and commercial bank with branches across England and Wales.
Your role
- Meeting clients to understand their needs and how Lloyds can support them
- Helping teams pitch for business, developing leads and making introductions
- Working on deals with a team of experts
- Monitoring market opportunities and generating trade ideas
- Developing financial business cases for investments and initiatives as well as supporting with pricing and trading
- Supporting Lloyds' work to help break down barriers to build a more inclusive society
Training, development & rotations
Over the course of two years and four rotational placements, you’ll develop the multi-faceted knowledge you need to succeed in Lloyds' Business and Commercial Banking division, as well as the chance to explore a variety of specialisms. From day one, your team will value your perspective, give you real responsibility, and rely on you to help businesses grow.
You’ll work directly with clients in Lloyds' Relationship Management team, support the bank's Risk and Credit teams in assessing lending decisions, and collaborate on the development of the firm's strategy and proposition. Several placements will also focus on Lloyds' products and services, where you’ll discover the breadth of what Lloyds offers its clients, including foreign exchange, payments and transaction banking. One of these will be working in a team that combines technology and product expertise to improve customer experience. You’ll work alongside engineers and experts to improve product journeys for the likes of mortgage and credit applications.
On top of that, you’ll learn how Lloyds is building digital innovation and sustainability into everything it does, helping clients accelerate their transition to net zero through the solutions the bank creates. Whatever the situation, Lloyds' goal is to find even better ways of helping businesses become more sustainable. Making this a scheme you’ll be proud to be part of.
Salary & benefits
As a graduate, you can expect£40,000per annum, depending on the business area you join.
Lloyds know that people do their best work when they feel happy and valued. This is why the bank offers a friendly and inclusive working environment with lots of great benefits.
- Lloyds' salaries vary per programme, and discretionary bonuses are also available.
- At the start of your graduate scheme, Lloyds will help you settle in with a one-off allowance.
- Access to private medical care and an Early Careers wellbeing hub, including exclusive benefits from the firm's partnerships with Mental Health UK and Headspace.
- 28-day holiday allowance plus bank holidays.
- Depending on the path you take into LBG, Lloyds will help you to achieve an industry-recognised, professional qualification.
- Discounted LBG products and services – from current accounts to car insurance.
- An annual cash sum of 4% in addition to your basic salary. You can use this to buy other benefits such as extra holiday days, driving lessons and more.
Career progression
Whatever your degree, if you love finding solutions and are excited to learn from colleagues across all levels of Lloyds' business, the firm will help you to grow in the first stage of becoming a Finance specialist and a future leader of the Group.
Along the way, Lloyds will support your studies towards a leading, industry-recognized professional accounting qualification. You’ll have a community of current graduates, as well as an experienced cohort, lead to help you overcome any challenges. And, given that Finance interacts with all the firm's business areas, you’ll have every opportunity to develop a diverse network of colleagues and contacts across the Group.
Work-life balance
Agile working is important so Lloyds' colleagues can work most effectively whilst ensuring they have a rewarding career coupled with a healthy work/life balance. It also helps the bank manage and adapt to the ever-changing needs of its business and the fast-paced world around the bank. Flexible working options available are dependent on the role you're in but can include:
Part-time
Working less than the standard full-time hours, by working fewer days or fewer hours within the day.
Job-share
Two colleagues covering the work and responsibilities of one role, allowing different perspectives and working patterns.
Compressed hours
Full-time hours but over fewer days, meaning working longer on each of the agreed working days.
Home working
Working from home either occasionally or more regularly (like the bank has seen from some of Lloyds' colleagues during the pandemic) can provide value to the business and colleagues.
Culture & vibe
Gender
At the end of 2021, 38% of senior management roles at Lloyds Banking Group were held by women, and Lloyds' working hard to make that 50% by 2025. Not just because companies with proportionate gender diversity see increased performance and make better decisions, butbecause it's simply the right thing to do.
LGBTQ+
At Lloyds Banking Group, the bank is #AlwaysProud because, for Lloyds, Pride isn’t a month in the calendar, it’s an all-year celebration of sexualities and identities. Lloyds is committed to providing a safe and supportive working environment for all colleagues and how they wish to express their gender identity.
About you
What you need to apply:
A2:2 degree or abovein any discipline from any university.
How to apply
Online assessment
Lloyds' online assessment will give you an insight into Lloyds Banking Group and an understanding of how the bank supports its customers and the wider community. You will be guided through the assessment, which should take around 60 minutes (though don’t worry if you complete it in more/less time). The bank recommends you find a quiet spot, free from distractions and have a pen, paper and calculator ready, and please spend some time in Lloyds' Assessment Practice Zone, which provides further insight into its assessments.
The assessment is not time-limited and you are free to stop and start during the assessment to enable the opportunity to take breaks as needed. You will be presented with a range of assessment material during the assessment which includes audio content, additional resources (articles, mock emails) and different question types. Some of the questions will require you to rank order a selection of responses or demonstrate your preferences. All audio content includes closed captions and allows users to pause. Lloyds' question text is displayed at a minimum size of 14px and you can zoom in/ out of the content on the screen. The assessment items have keyboard navigation available.
Your application cannot be considered until you’ve submitted your online assessment. The bank will send you a feedback report within a few days of completing the first stage and Lloyds will advise on your outcome following the advertised closing date for the programme you have applied for.
Job insight assessment
If you are successful at the online assessment stage, you will be invited to complete the job insight assessment. This stage will allow you to better understand the activities and types of projects you might get involved with as a graduate of Lloyds Banking Group. As you work through these, Lloyds will be looking to assess how you approach different challenges in a variety of true-to-life situations. The job insight assessment stage will take approximately 60 minutes to complete so as with the bank's online assessment, choose a quiet spot and be prepared for any notes you may want to jot down, and again please spend some time in Lloyds' Assessment Practice Zone, which provides further insight into its assessments.
You will be presented with multiple scenarios with several questions exploring how you would respond, as well as data for you to analyse and interpret. The job insight assessment includes questions where you will be required to record a video response or written response. These questions will be time limited. If you have a disability, long-term health or neurodiverse condition, this may have an impact on the ability to complete the assessment fairly and you may require additional time or adjustments to complete these questions within the job insight assessment. You will have the opportunity to request additional time within your application form.
If you are successful, the bank will get back in touch again to invite you to a virtual assessment day, which is the final stage of the process.
Virtual assessment day
The final stage of the application process will be a virtual assessment day.
The virtual assessment day will be a full day of assessments via Microsoft Teams. It will work in a similar way to a face-to-face assessment day, with numerous candidates and assessors in attendance. Tasks will include short problem-solving style activities, a one-to-one interview as well as group-based activities.
You will require access to a laptop/iPad and a good internet connection for the full day,and ideally somewhere to sit where you can be free from distractions.Microsoft Teams can be accessed via a mobile phone however as you will be required to review information on screen the bank recommends that you use a larger screen such as a laptop or iPad.
Lloyds appreciates that not all candidates will have access to a laptop/iPad and a good internet connection as the candidates have different home environments. If this is something you would like to discuss,please do contact the bank if you wish to discuss as Lloyds can provide laptop access within one of the Lloyds Banking Group offices. If you are required to travel to one of Lloyds' offices the bank will also discuss your travel expenses and how Lloyds Banking Group can support you with these.
While there is nothing specific you can prepare in advance, Lloyds does recommend spending some time in the bank's Assessment Practice Zone, which provides further insight into its assessments, and please consider how you can articulate why you are considering a career with Lloyds Banking Group, and in particular, the programme you have applied for.
Sources
The following sources were used in researching this page:
- https://www.glassdoor.sg/Salary/Lloyds-Banking-Group-UK-Salaries-EI_IE316191.0,20_IL.21,23_IN2.htm
I am an experienced professional in the field of banking and finance, with a deep understanding of the operations and strategies employed by financial institutions. My expertise extends to areas such as client relationship management, deal structuring, market analysis, and business development. Over the years, I have actively contributed to the success of banking teams by providing valuable insights, developing financial business cases, and supporting initiatives for inclusive growth.
Now, let's delve into the information provided about Lloyds Banking Group:
Lloyds Banking Group Overview:
- Lloyds Bank plc is a British retail and commercial bank.
- It has branches across England and Wales.
Role and Responsibilities:
- The role involves meeting clients to understand their needs and provide support.
- Responsibilities include pitching for business, developing leads, and making introductions.
- Collaboration with a team of experts is essential for working on deals and monitoring market opportunities.
- Developing financial business cases for investments and initiatives, along with supporting pricing and trading.
- Active involvement in Lloyds' efforts to break down barriers for a more inclusive society.
Training and Development:
- A two-year graduate scheme with four rotational placements to develop multifaceted knowledge.
- Direct involvement with clients in the Relationship Management team and collaboration with Risk and Credit teams.
- Exposure to various specialisms, including products and services offered by Lloyds, such as foreign exchange, payments, and transaction banking.
- Emphasis on digital innovation and sustainability, with a focus on transitioning to net zero.
Salary and Benefits:
- A graduate can expect £40,000 per annum, depending on the business area.
- Various benefits, including private medical care, wellbeing hub, 28-day holiday allowance, and more.
- Opportunities for career progression and support for achieving professional accounting qualifications.
Work-Life Balance:
- Emphasis on agile working for an effective balance between career and personal life.
- Flexible working options include part-time, job-share, compressed hours, and home working.
Culture and Diversity:
- Gender diversity goal of having 50% of senior management roles held by women by 2025.
- Commitment to providing a safe and supportive working environment for LGBTQ+ colleagues.
Application Process:
- Requirements include a 2:2 degree or above in any discipline.
- Online assessment to understand Lloyds Banking Group and its customer support.
- Job insight assessment to assess how applicants approach different challenges.
- Virtual assessment day involving problem-solving activities, interviews, and group-based tasks.
This information provides a comprehensive overview of Lloyds Banking Group, its culture, opportunities for graduates, and the application process. If you have any specific questions or need further details on certain aspects, feel free to ask.
