HSBC is seeking an Assistant Vice President to join its Asset Based Lending Group. HSBC's Asset Based Lending Group supports the bank's Middle Market, Large Corporate and Global Banking segments targeting domestic and international companies with annual revenues ranging from $50MM to $5BN. Based in NYC, the group is looking for someone to work in tandem with Senior Portfolio Managers and Relationship Managers across the U.S. and globe. Primary roles and responsibilities include underwriting (collateral and financial analysis), and the execution, including loan documentation negotiations, of existing bank customers credit requests and ongoing portfolio supervision.
Key Responsibilities and Roles
Responsibilities include collateral and financial due diligence, financial modeling, legal diligence and general business diligence
Preparation of final credit approval memos consisting of company and industry summaries, collateral analysis, financial analysis including the preparation of base and downside case projections and identification of key risks and mitigants; develop an understanding of the various legal aspects of structuring a loan
Develop effective strategies in managing customer relationships. Maintain quality service for all customers and monitor relationship profitability.
Develop working relationships and interact with key internal partners and groups including Relationship Managers, Financial Sponsors Group, Leverage Finance, Collateral Examination Group, Capital Markets, various Industry Verticals, internal Credit Approvers and In-House Legal as well as various third parties including Company Management, external Legal Counsel and Collateral Appraisers
Management of Risk
Ensure compliance, operational risk controls in accordance with HSBC or regulatory standards and policies; and optimize relations with regulators by addressing any issues
Promote an environment that supports diversity and reflects the HSBC brand
HSBC was born from one small idea: a local bank serving international needs. We started our business in Hong Kong in 1865. In 2015, HSBC celebrates its 150th year anniversary. Over the years, HSBC grew through expanding its branch network, offering new products and establishing its own investment banking arm.
We aim to be where the growth is, connecting customers to opportunities, enabling businesses to thrive and economies to prosper, and ultimately helping people fulfill their hopes and realize their ambitions.
• Located in 72 countries and territories
• Serving around 48 million customers
• Supported by over 268,000* people
• Head office in US is New York City
We aim to be dependable, open and connected in everything we do. We want to ensure that our employees feel able to stand up for what is right, highlight potential risks and act with integrity, even when faced with pressure to act otherwise. By doing so, we will be able to meet expectations of society, customers, regulators and investors. To make sure everybody at HSBC lives up to these values, they are a part of everyone's annual performance review.
At HSBC, you will find that we are dependable, o...pen to different ideas and cultures, and connected to customers, communities, regulators and each other. Our culture has a family feel to it – our employees are encouraged to work together to reach a common goal. This idea is supported and encouraged at the leadership level and passed down.
Our size and global reach mean more opportunities for you to grow your career with us.
We are looking for forward-thinking, driven, perceptive candidates to help our customers realise their hopes, dreams and ambitions.
This means people who are dependable, open to different ideas and cultures, and enjoy being part of a team; people who have the potential to become the future leaders of HSBC.
We encourage you to drive your own development and build your network within your office and around the world.
We provide the opportunities for you to connect with customers, colleagues and the communities in which we operate.