Associate, Direct Lending

HSBC Group; City of Westminster; On-site; GBP 50,000 - 70,000; Full time

Job summary

A leading financial services firm in London is seeking an Associate for its Direct Lending Team. The role focuses on supporting the analysis of secured loan transactions for mid-market borrowers in Europe. The ideal candidate should have relevant experience in private credit and strong financial modelling skills. Additional responsibilities include managing loan drawdowns and ensuring compliance with risk policies. The company offers private healthcare and a contributory pension scheme among other benefits, emphasizing diversity and equal opportunities.

Benefits

Private healthcare

Enhanced maternity and adoption pay

Contributory pension scheme

Qualifications

• Relevant experience in private credit, leveraged finance, or structured finance.
• Strong commercial acumen and understanding of investment appraisal.
• Ability to work with complex financial data and produce actionable observations.

Responsibilities

• Support the analysis of private credit transactions for recommendations.
• Review business plans and due diligence reports for new transactions.
• Monitor investments and produce performance reporting materials.

Skills

Private credit analysis

Financial modelling

Stakeholder management

Analytical skills

Time-management

Job description

Associate, Direct Lending

London, United Kingdom

HSBC Asset Management (AM) – Direct Lending Team

We are looking for an Associate to support the analysis and implementation of senior secured loan transactions for mid‑market borrowers across Europe. The role reports to the Investment Director and is part of our Private Credit business.

In this role you will:

• Support the assessment and analysis of private credit transactions for recommendation to the Investment Committee and ongoing portfolio monitoring.
• Review information memorandums, business plans, third‑party due diligence reports and build/test assumptions of financial models for new transactions.
• Monitor post‑completion investments and produce internal and external performance reporting materials.
• Manage loan drawdowns in coordination with operations and loan administration teams, check investment restrictions, update front‑office systems and contribute to pitch and fundraising materials.
• Maintain full compliance with HSBC Risk and Compliance policy and support colleagues in delivering the same.

To be successful in this role you should meet the following requirements:

• Relevant experience in private credit, leveraged finance or structured finance, with exposure to transaction execution.
• Strong commercial acumen, demonstrable financial modelling skills and understanding of investment appraisal and regulatory issues.
• Highly analytical, able to work with complex financial data, information memoranda, business plans and due diligence reports to produce actionable observations.
• Excellent interpersonal and stakeholder management skills, with the ability to build strong relationships across internal and external audiences.
• Strong written and verbal communication skills and the ability to present at various organisational levels.
• Excellent time‑management, planning and organisational skills and a pragmatic approach to managing tasks with conflicting priorities.

Benefits

As a UK‑based HSBC employee you’ll receive private healthcare, enhanced maternity and adoption pay, support upon return to work, and a contributory pension scheme with generous employer contributions.

We celebrate diversity and are committed to equal opportunity. Our recruitment processes are accessible to everyone, regardless of gender, ethnicity, disability, religion, sexual orientation or age. HSBC is a Disability Confident employer, ensuring fair interviewing for people with disabilities, long‑term health conditions or neurodiversity.

We encourage applications from all candidates and value a broad range of perspectives to enrich our business.