Job Description

End Date Sunday 09 November 2025
Salary Range 0 - 0
Flexible Working Options Job Share
Summary .

JOB TITLE: Rates Strategist, LBCM
LOCATION: London
HOURS: Full time
SALARY: Competitive package
About this opportunity
Lloyds Bank Corporate Markets (LBCM) is the Group's non-ring fenced bank, a wholly-owned subsidiary, established to support a stronger, more transparent banking industry for the benefit of our customers and shareholders.
Within LBCM Financial Markets, the Market Insights team are currently looking for a Rates Strategist to join them. You'll be responsible for initiating, producing and presenting timely, relevant and engaging high-quality content on interest rate strategy for the bank's institutional and corporate clients. You'll assist other members of the Market Insights team (who cover economics and FX strategy) in broadening and deepening client and colleague engagement on market-moving themes and news developments via regular publications and ad hoc commentary and analysis.
Responsibilities include:

• Responsible for producing timely, relevant and engaging market insights on interest rate strategy for Lloyds' institutional and corporate clients with a specific focus on GBP, EUR and USD rates markets.
• Contribute proactively to producing and publishing the Market Insights team publications, including the Daily morning note, and ad hoc thematic notes.
• Respond to client and colleague questions on market developments and investment themes.
• Develop and maintain analytics tools to enhance the quality of rates market analysis offering.
• Use your analysis to deliver actionable trade ideas within developed rates markets.

About us
If you think all banks are the same, you'd be wrong. We're an innovative, fast-changing business that's shaping finance as a force for good. A bank that's empowering its people to innovate, explore possibilities and grow with purpose.
What you'll need

• Relevant experience either on the buy-side or sell-side working with developed market fixed income products and/or rates derivatives as a risk-taker or analyst.
• Experience in GBP and EUR rates markets strongly preferred, as is a product specialism such as inflation for example.
• Demonstrable passion for the global macro environment and financial market developments, backed up by strong technical knowledge and understanding.
• Excellent analytical and quant skills.
• Proficiency with relevant software such as Bloomberg, Macrobond or Reuters for example.
• Proven track record as an effective and engaging communicator, both in written and verbal form.
• Commercial acumen for delivering content that resonates and helps promote business objectives.
• Team player with capacity to adapt and respond flexibly to changing priorities according to market events and business needs.

About working for us
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 bonus award, subject to Group performance
• 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

This is a once in a career opportunity to help shape your future as well as ours!
Join us and grow with purpose.
This role is considered Certified under the Senior Manager and Certification Regime as either requiring mandatory qualifications or being deemed as a role capable of providing 'significant harm' to customers. Due to this, successful candidates will be subject to enhanced levels of vetting, and required to complete a fitness and propriety attestation on commencement in role. Colleagues performing this role will be required to be complete a fitness and propriety attestation on an annual basis and will also be subject to additional routine criminal and credit checks
As a certified colleague your details will be published on the FCA's Financial Services Register
This role has been identified as a Client-dealing function under SYSC 27.8.18R as defined in the FCA Handbook
The Person ("P") performs the client-dealing FCA certification function for a firm if:(1) P is carrying out any of the activities in the table in SYSC 27.8.19R; and(2) those activities will involve P dealing with:(a) a person with or for whom those activities are carried out; or(b) the property of any such person;in a manner substantially connected with the carrying on of regulated activities by the firm.
If you manage certified colleagues this role will be identified as Manager of certification employees under SYSC 27.8.13R as defined in the FCA Handbook(1) The function of managing or supervising a certification employee, directly or indirectly, is an FCA-specified significant-harm function.(2) A function in (1) is not an FCA certification function for that firm if it is performed by an SMF manager of that firm.
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.

Skills Required