Director, Insurance Captives

End Date

Sunday 07 December 2025

Salary Range

£0 - £0

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Job Description Summary

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Job Description

JOB TITLE: Director – Captive Insurance Coverage
LOCATION: London
HOURS: Full Time
WORKING PATTERN: Our work style is hybrid, which involves spending at least three days per week, or 60% of our time, at our London office.

About this opportunity

We have a fantastic opportunity for a Director to join our dynamic Insurance Coverage team within Commercial and Institutional Banking (CIB), serving markets across the UK, Bermuda, Crown Dependencies, and North America. In this newly created role, you’ll lead the way in supporting our Captive Insurance clients while driving growth through strong, sustainable relationships—boosting income generation and managing risk. You'll work with a multi-disciplined team and clients who use the full range of commercial banking solutions. These solutions include complex financings, cash management, cash investment solutions, letters of credit, and hedging. You’ll be part of a collaborative environment that supports development and innovation.

Your accountabilities will include:

• Lead an initiative to grow the captive insurance client base, driving multi-product revenue opportunities across the Group.
• Collaborate closely with product and delivery partners across the Bank to market the full range of the Bank’s products to clients.
• Develop and review business objectives and strategy for the sector to facilitate growth aligned to the Institutional Coverage and wider Corporate and Institutional Banking strategies.
• Support and develop business leads and introductions, as appropriate, improving business growth for the Group.
• Develop an external network of professionals practicing in the insurance industry who can assist the Bank in developing its business.

Why Lloyds Banking Group?

We’re on an exciting journey to transform our Group and the way we’re shaping finance for good. We’re focusing on the future, investing in our technologies, workplaces, and colleagues to make our Group a great place for everyone. Including you.

What we need from you:

• Proven track-record in establishing and/or growing a Captive Insurance business in a bank, insurance broker, or other financial institution
• In-depth experience working with Captive Insurers coupled with an extensive network within this space
• Established success in originating and growing new business within a top-tier financial institution
• Demonstrates a strong ability to build and deepen client relationships while fostering internal partnerships, effectively influencing and collaborating across teams and hierarchies to deliver outstanding customer management.
• Knowledge of appropriate Regulatory regimes in the global Captive Insurance market
• Excellent product knowledge including tailored solutions such as cash management, cash deposit products, and letters of credit

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 want our people to feel that they belong and can be their best, regardless of background, identity, or culture. 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. And it’s why we especially welcome applications from under-represented groups. We’re disability confident. So, if you’d like reasonable adjustments to be made to our recruitment processes, just let us know.

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

• A generous pension contribution of up to 15%
• An annual performance-related bonus
• 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

Ready to start growing with purpose? Apply today.

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.