Legal Counsel, DCM North America

End Date

Salary Range

$0 - $50,000,000

We support flexible working – click here for more information on flexible working options

Flexible Working Options

Job Description Summary

We are seeking a mid level U.S. securities lawyer to support our Debt Capital Markets and Securitization platforms. You will advise on a broad range of debt capital market transactions including the origination and execution of IG/HY bond offerings via various formats (SEC Registered, 144A / Reg S / 4(a)(2) private placements, syndications etc.), liability management (tender offers, exchange offers, consent solicitations), and select securitizations/warehouse facilities across a variety of products / industry coverage groups.

You will be a member of LBCM’s North America and wider Lloyds Legal team, and report to the Chief Legal Officer, North America. The position will support Lloyd’s activities in the U.S., which are carried out by LBCM plc which is licensed by the NY Department of Financial Services and its U.S. broker-dealer, LSI, which is registered by FINRA.

This opportunity requires you to be able to provide specialist and insightful legal, transaction and regulatory advice and support on all matters relating to the Debt Capital Markets and Securitization platforms and when necessary, will require engagement with other internal legal teams on transactions and other critical issues. Close collaboration with the UK legal teams is expected.

In addition, it will be vital to provide ad hoc support to other business areas in both the US and UK where there is strategic alignment with the business as well as on other legal matters falling within the remit of the Lloyds North America Legal team. You should expect to be involved in coverage of a variety of transactional lending arrangements for our US businesses. As such, any candidate will need to demonstrate a passion for growing their understanding of other products and areas of legal-focused support. Where relevant you will also be expected to manage external counsel supporting on matters in your coverage area.

The right candidate will be required to act as a source of professional expertise and be a subject matter expert regarding the negotiation of all issuance documentation underpinning securities transactions directly with institutional and corporate clients and provide legal advice and guidance to the business regarding relevant securities laws and regulations.

Crucial to the role will be to ensure that all documentation completed and advice given meets Lloyds’ policy, risk and regulatory requirements and handling external advisers for the best value and service provision.

The role offers varied opportunities for an attorney to improve their specialist knowledge while building skills across a broad range of areas.

Job Description

Lloyds Overview:  

Lloyds Bank Corporate Markets plc (“LBCM”) forms an integral part of Lloyds Banking Group (“Lloyds”), a UK-focused retail and commercial bank with more than 30 million customers globally. We have been operating in North America for over 100 years, providing a client-focused approach for global businesses with strong links to the UK. Our New York operations provide a gateway between the UK and North America for financial institutions and large corporate clients, offering core banking products such as lending, trade finance and a variety of debt capital and financial markets services through our US broker dealer, Lloyds Securities Inc.(“LSI”).

Lloyds is committed to attracting, retaining and developing the best talent in the industry and embracing the diversity of our people. We offer our colleagues ongoing training, development, mentoring and networking opportunities, as well as competitive benefits and vacation leave. We are dedicated to working with our community and offer a range of volunteering and fundraising activities throughout the year.

Diversity and inclusion are a part of Lloyds. We strive to create a culture where every individual feels included and empowered to be their best. Providing equal employment opportunities to all applicants and employees without regard to race, color, religion, creed, gender, gender identity or expression, age, national origin or ancestry, citizenship, disability, sexual orientation, marital status, pregnancy, veteran status, membership in the uniformed services, genetic information, or any other basis protected by applicable law.

Lloyds values diversity in all backgrounds and experiences and wants their employees to bring their “whole self” to work!

Reasonable Accommodations for Qualified Individuals with Disabilities During the Application Process

Lloyds North America is committed to providing reasonable accommodation for qualified individuals with disabilities in our job application process. If you have a disability and require a reasonable accommodation in order to participate in the application process, please contact our Human Resources Dept at: NAHR@lbusa.com

Role Overview:

Role: Legal Counsel (Vice President) – Debt Capital Markets (DCM) & Securitized Products Group (SPG)

Location: New York (Hybrid – 3 days in office)

About the role

We are seeking a mid‑level U.S. securities lawyer to support our Debt Capital Markets and Securitization platforms. You will advise on a broad range of debt capital market transactions including the origination and execution of IG/HY bond offerings via various formats (SEC Registered, 144A / Reg S / 4(a)(2) private placements, syndications etc.), liability management (tender offers, exchange offers, consent solicitations), and select securitizations/warehouse facilities across a variety of products / industry coverage groups.  

You will be a member of LBCM’s North America and wider Lloyds Legal team, and report to the Chief Legal Officer, North America.  The position will support Lloyd’s activities in the U.S., which are carried out by LBCM plc which is licensed by the NY Department of Financial Services and its U.S. broker-dealer, LSI, which is registered by FINRA.

This opportunity requires you to be able to provide specialist and insightful legal, transaction and regulatory advice and support on all matters relating to the Debt Capital Markets and Securitization platforms and when necessary, will require engagement with other internal legal teams on transactions and other critical issues. Close collaboration with the UK legal teams is expected.

In addition, it will be vital to provide ad hoc support to other business areas in both the US and UK where there is strategic alignment with the business as well as on other legal matters falling within the remit of the Lloyds North America Legal team. You should expect to be involved in coverage of a variety of transactional lending arrangements for our US businesses. As such, any candidate will need to demonstrate a passion for growing their understanding of other products and areas of legal-focused support. Where relevant you will also be expected to manage external counsel supporting on matters in your coverage area.

The right candidate will be required to act as a source of professional expertise and be a subject matter expert regarding the negotiation of all issuance documentation underpinning securities transactions directly with institutional and corporate clients and provide legal advice and guidance to the business regarding relevant securities laws and regulations.

Crucial to the role will be to ensure that all documentation completed and advice given meets Lloyds’ policy, risk and regulatory requirements and handling external advisers for the best value and service provision.

The role offers varied opportunities for an attorney to improve their specialist knowledge while building skills across a broad range of areas.

Key Responsibilities

• Advise on transaction structuring and disclosure for registered and exempt offerings under the Securities Act/Exchange Act including private placements; coordinate across Syndicate, Corporate and Institutional Coverage, DCM, Risk, and Compliance.
• Manage Rule 144A/Reg S processes (QIB/offshore targeting, legends, DTC eligibility, A/B exchanges) and liaise with outside counsel.
• Draft, review, and negotiate: engagement letters, underwriting/purchase agreements, offering memoranda/prospectuses, dealer agreements (e.g., CP & MTN programs), agency/trust documentation, opinions and negative assurance.
• Lead or support liability management exercises (cash tenders, exchanges, consent solicitations) including timing, disclosure, and process under U.S. securities laws.
• Provide issue‑spotting and product enablement on securitizations (ABS/RMBS/CMBS/CLO exposure helpful), including 144A/Reg S execution and Reg AB II considerations.
• In conjunction with Compliance and the wider NA and Lloyds Legal teams, monitor and brief stakeholders on regulatory developments impacting capital markets execution (SEC, FINRA, listing rules); contribute to training and policy updates.

Required Qualifications, Key Skills & Knowledge

• J.D. and active N.Y. bar admission with top academic credentials
• Experience: 5–7 years post‑qualification (N.Y. bar)
• Excellent written and oral communication skills 

• Hands‑on experience with investment‑grade or high‑yield bond offerings, private placements, and at least one of: liability management or securitization
• Strong command of Rule 144A/Reg S, disclosure drafting, and negotiations with issuers/underwriters/trustees
• Capital markets experience at a top law firm and/or in‑house at a financial institution’s DCM or Securitization legal team

• Strong analytical ability and attention to detail
• High integrity—always does the right thing and sets the right tone
• Highly motivated, energetic and enthusiastic with a desire to work in a high-paced environment
• Ability to prioritize conflicting demands
• Ability to cut through complexity, flexible and innovative in delivering solutions to clients
• Ability to build enduring and trusted relationships with internal and external clients, locally and in UK headquarters
• Reliable; takes ownership of work without the need for extensive supervision
• Strong growth mindset with passion about own development and opportunities to upskill in areas that impact the covered business, including matters of ESG, data, technology advances and digitalization
• Validated interpersonal skills and thrives working in teams
• Strong advocacy skills

Preferred Qualifications, Key Skills & Knowledge

• Prior in‑house seat embedded with a DCM desk or issuer; experience with CP & MTN programs and program documentation.
• Exposure to ABS/CLO or mortgage securitizations; comfort with warehouse/repurchase facilities.

Year 1 Success Markers

• Run OM/prospectus drafting with minimal supervision; negotiate UAs/purchase agreements end‑to‑end.
• Lead liability management transaction from NLTM to settlement (tender/exchange/consents).
• Run all legal support for securitization deals (or A/B exchange for a 144A issue) through closing.

Salary Range: $240,000 - $280,000

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.