Institutional Client Group Client Risk Management – Credit Analyst - HSBC - New York, New York - EXPIRED
Posted on: 11-12-2020 in New York, New York
This is an archive of an expired job.
Job Information:
Company: HSBC
North America-United States-New York-New York
The
position is responsible for managing and analyzing the risks relating to a
portfolio of Alternative Funds (both hedge funds and private equity funds) and
to support the ICG relationship management team in all credit-related matters. ICG seeks to secure sound, profitable and
durable business for the Global Banking and Markets division from alternative
and traditional fund managers. Together
with other internal stakeholders within Relationship Management, the business,
and WMR, the analyst will participate fully in the collective management of
credit risk and undertake ad hoc projects as requested.
The
analyst will be responsible for composing, reviewing and recommending credit
reviews for fund vehicles which are more complex, highly levered, or less
liquid. Such funds are difficult to
analyze and require a high degree of analyst skill to evaluate the relevant
risk factors. The analyst will also be
responsible for ensuring appropriate documenting of all legal, compliance and
credit risks per guidelines and approvals.
The
analyst will need a thorough understanding of markets and the alternative funds
industry, and ensure that the credit policy, objectives and priorities of HSBC
are fully met within the alternative funds space.
Primary
focus will be on hedge funds, although a range of fund vehicles could be
analyzed including private equity funds and Business Development
Companies. Beyond understanding the
various fund structures, the analyst must possess strong analytical skills to
understand structured lending deals as well as Global Markets products for
counterparty trading relationships.
The
role is important for ICG CRM as part of various growth initiatives within
various product sectors (Prime, structured finance) to expand global relationships
within the alternative funds space. The analyst role is key to the Bank’s
initiative to grow its Americas institutional investor business across various
clients groups.
The
accomplishment of the above will require the ability to build effective relationships
with both internal and external clients / stakeholders. Particular emphasis on
team work and timely delivery to WMR.
Impact on the Business
- Recommend
credit limits in partnership with Relationship Managers based on the bank’s
risk appetite and client’s credit risk profile
- Strong
understanding of both Loan (CAT A facilities - Global Banking) and Markets (CAT
B - Global Markets trading relationship) products and associated risks and
mitigants
- Conduct
periodic interim reviews and maintain clear and updated documentation in all
credit files including financial statements, financial spreading, credit
applications, validation records, internal and external correspondence
- Ensure
appropriate documenting of all legal, compliance and credit risks per
guidelines and approvals
- Review
and assess client’s credit risk rating, or as driven by special events, based
on internal and external ratings and analytical tools
- Report
significant business events, financial trends, industry developments and other
relevant issues relating to financial position of clients
- Uses
initiative and independent judgment in analyzing information and making
recommendations to WMR which are strongly and clearly supported in credit
write-ups, and to defend verbal challenges from Credit Risk approvers.
Customers / Stakeholders
- ICG
RM teams; Global Markets product areas including Prime/ Equities, Fixed Income,
FX, Rates, Structured Finance and Asset Based Financing product teams; and
WMR.
- Accountable
for providing a very visible point of contact for the Relationship Managers and
client in terms of Funds renewals/new client credit requests. For the portfolio of alternative funds being
managed, the analyst will own the processes related to credit limit renewal/new
onboarding activity and be responsible for meeting the reasonable expectations
of the business in regards to such activities.
- Close
contact with WMR to review credit issues pertaining to their portfolio.
Leadership & Teamwork
- Cultivate
an environment that supports diversity and reflects the HSBC brand.
- Ensuring
activities and daily tasks are conducted in a way that ensure alignment to the
longer term strategy
Operational Effectiveness & Control
- Ensure
the most effective process is being used
to support the requirements of the business and to meet the required
controls, identify issues and gaps and put in place activity to resolve these
- Adhere
strictly to compliance and operational risk controls in accordance with HSBC
and regulatory standards, policies and practices; report control weaknesses,
compliance breaches and operational loss events.
Major Challenges
- The
analyst will need to be knowledgeable on a wide array of subject matter,
confident in their role, and have the ability to work with closely with
internal stakeholders => Business, Product Specialists, WMR, Client
Management and Documenation Negotiators.
- The
role holder will work closely with the Business, Product Specialists, WMR and
Onshore analysts to ensure priorities in our pipeline and new business are
completed in a timely manner
- The
analyst will need to fully explain relevant risks to HBUS WMR in order for them
to be comfortable extending limits to a sector that attracts significant
attention from regulatos and senior management.
Role Context
- Working
in a dynamic, pressurized, time-sensitive environment with interaction with
internal stakeholders and demanding external clients.
Management of Risk
- Apply
compliance, operational risk controls in accordance with HSBC or regulatory
standards and policies; and optimize relations with regulators by addressing
any issues.
- 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.
- Increased
focus and oversight must be placed on any manual processes and exceptions to
policy.
Observation of Internal Controls
- Maintains
HSBC internal control standards, including timely implementation of internal
and external audit points together with any issues raised by external regulators.
- Extensive experience in the credit analysis
of hedge funds, private equity funds and other institutional investors. Solid foundation of corporate cash flow and
balance sheet analysis as it pertains to loan facilities extended to fund
manager entities and/or levered lending vehicles such as Business Development
Companies.
- Thorough understanding of financial markets
and negative factors which could impact the fund sector.
- Extensive experience in the negotiation of
market standard documentation such as ISDAs and GMRAs.
- Demonstrate high energy; extremely positive
and have a ‘driver and achiever’ mentality.
- Excellent verbal and written communication
skills.
- Outstanding analytical and organizational
skills.
- A proven ability to create and maintain
strong relationships with stakeholers is essential.
- Solid and proven relevant work experience
(Credit analysis, supporting Relationship Managers, Sales or working in an
operational middle office or client facing support function), within the banking
/ financial services industry.
- Demonstrates thorough knowledge and/or a
proven record of success in a role within the professional services industry
- Strong computer skills, including Microsoft
Excel and Word; quick learner of data websites and applications
EEO/AA/Minorities/Women/Disability/Veterans
If you would like to notify the Diversity Recruitment team of your application or if you are simply interested in learning about opportunities at HSBC, please email
[email protected]