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HSBC · 2 days ago

Vice President, Hedge Fund Credit Approval

New York, NY

Full-time

Onsite

Senior Level

HSBC is committed to opening up a world of opportunity for its customers and seeks a Vice President, Hedge Fund Credit Approval to manage credit risk and decision-making for new and existing clients. The role involves analyzing client business models, ensuring compliance with credit policies, and maintaining credit quality through portfolio management.

Financial Services

No H1B

Responsibilities

Participate with lenders and management of various debt teams, ensuring responsiveness, meeting portfolio exposure targets, minimizing credit costs, and maintaining and acquiring profitable and prudent credit exposures

Analyze and evaluate client’s business model (including guidance to deal teams on credit underwriting), financial performance, management, industry research (including micro/macro economic factors), and forecast business plans

Review, recommend, and approve individual credit limits within assigned authority for large and complex loans involving the Company’s and Group’s customer base, ensuring adherence to all applicable credit approval policy and procedures

Ensure ongoing credit quality through portfolio management tasks including timely risk ratings and remediation actions, where applicable

Assure compliance with Bank Credit Policy and risk appetite guidelines as well as adherence to all Regulatory requirements and controls

Be responsible business unit RM’s and senior management

Guide evaluation, underwriting, and structuring of complex credit proposals or those requiring close scrutiny. Identify potential risks within the company and provide mitigating solutions. Provide immediate attention & guidance to deteriorating situations

Foster a collaborative relationship with the business, working together to address the client’s needs while assuring the risk profile remains within the Bank’s credit appetite

Provide guidance, training, and expertise on the credit approval process and structuring of loans as required

Train junior staff

Participate in development and implementation of credit policies and procedures for assigned areas of the Company to ensure credit process integrity and prudent management of overall credit quality. Develop and recommend strategies for problem credits in compliance with credit policy to optimize value

Implement the Group compliance policy locally by containing compliance risk in liaison with the Head of Group Compliance, Global Business Compliance Officer, Area Compliance Officer or Local Compliance Officer, ensuring adequate compliance resources and training, fostering a compliance culture and optimizing relations with regulators

Evaluate risk and arrive at prudent credit decisions when faced with complex corporate and lending structures (including across both domestic and multinational jurisdictions), involving an understanding of strong commercial business fundamentals, confident analytically driven judgments, supported by a high level of intellectual curiosity

Make autonomous, prudent credit decisions under tight time deadlines

Maintain a collaborative relationship with business units to achieve growth goals and maintain credit quality

Demonstrate “Courageous Integrity” at all times, taking responsibility to escalate issues so as to ensure the Company maintains the highest standards for Compliance and Risk Management

Ensure compliance, operational risk controls in accordance with HSBC or regulatory standards and policies; and optimize relations with regulators by addressing any issues

Ensure all credit facilities are properly risk rated (including timely downgrading/ upgrading) and data integrity is maintained at all times

Maintain HSBC internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators

Implement the Group Compliance policy locally by managing compliance risk in liaison with the Head of Group Compliance, Regional Compliance Officer, Area Compliance Officer or Local Compliance Officer, ensuring adequate compliance resources are in place and training is provided, fostering a compliance culture and optimizing relations with regulators

Qualification

Credit risk managementCredit approval processFinancial analysisRegulatory complianceCredit trainingAnalytical skillsMathematical skillsDiplomatic skillsIntellectual curiosityInterpersonal skillsProblem-solving skillsCommunication skills