Associate, Direct Lending

HSBC Group; Greater London; On-site; GBP 70,000 - 110,000; Full time

Benefits offered by this job

Private healthcare

Maternity pay

Pension

Job summary

HSBC Group in London seeks an Associate for Direct Lending to join a scalable private credit platform across the UK, Europe and North America. You will evaluate investments for the Investment Committee, stress-test financial models and monitor portfolio loans, while supporting fundraising through DDQs and RFPs.

The role offers end-to-end exposure from deal evaluation to portfolio monitoring within a regulated framework, contributing to capital deployment and returns while coordinating with

Responsibilities

• Evaluate information memoranda, business plans and third-party due diligence to assess credit quality
• Build, test and stress financial model assumptions and run scenario analysis to support investment decisions
• Prepare materials and analysis for Investment Committee recommendations, ensuring alignment to policy and investment restrictions
• Monitor portfolio loan performance, including KPIs and financial performance and elevate emerging issues appropriately
• Produce internal and external reporting materials, including portfolio and track record data
• Partner with middle office, back office and external service providers (AIFM, valuer etc) to support transaction execution and portfolio management
• Support fundraising and distribution activity by preparing for investor meetings, responding to investor queries, and contributing to DDQs, RFP responses, marketing materials, pitch documents, and other investor materials
• Bring proven experience in private credit, leveraged finance, structured finance or a similar credit investing or lending environment
• Demonstrate exposure to mid-market lending and working with financial sponsors
• Apply strong analytical capability, including financial modelling and investment appraisal fundamentals
• Communicate clearly in writing and verbally, including presenting to stakeholders across the business
• Build effective working relationships with internal teams, external service providers and investors
• Interpret market developments and incorporate relevant insights into origination and portfolio discussions
• Manage multiple deal priorities with disciplined planning and organisation in a fast-paced transaction environment
• Work within a regulated environment with close attention to policy, investment restrictions and operational risk controls

Job description

Responsibilities and Key Activities

• Evaluate information memoranda, business plans and third-party due diligence to assess credit quality
• Build, test and stress financial model assumptions and run scenario analysis to support investment decisions
• Prepare materials and analysis for Investment Committee recommendations, ensuring alignment to policy and investment restrictions
• Monitor portfolio loan performance, including KPIs and financial performance and elevate emerging issues appropriately
• Produce internal and external reporting materials, including portfolio and track record data
• Partner with middle office, back office and external service providers (AIFM, valuer etc) to support transaction execution and portfolio management
• Support fundraising and distribution activity by preparing for investor meetings, responding to investor queries, and contributing to DDQs, RFP responses, marketing materials, pitch documents, and other investor materials
• Bring proven experience in private credit, leveraged finance, structured finance or a similar credit investing or lending environment
• Demonstrate exposure to mid-market lending and working with financial sponsors
• Apply strong analytical capability, including financial modelling and investment appraisal fundamentals
• Communicate clearly in writing and verbally, including presenting to stakeholders across the business
• Build effective working relationships with internal teams, external service providers and investors
• Interpret market developments and incorporate relevant insights into origination and portfolio discussions
• Manage multiple deal priorities with disciplined planning and organisation in a fast-paced transaction environment
• Work within a regulated environment with close attention to policy, investment restrictions and operational risk controls

About HSBC

We’re one of the largest banking and financial services organisations in the world, with a network that covers more than 50 countries and territories. We aim to be where the growth is, enabling businesses to thrive and economies to prosper, and, ultimately, helping people fulfil their hopes and realise their ambitions. We’re currently seeking an experienced professional to join our team in the role of Associate, Direct Lending. This role sits within an established private credit platform with plans to build a scaled Direct Lending business across the UK, Europe and North America. You’ll help evaluate new investments for the Investment Committee and support the ongoing monitoring and reporting of portfolio loans. The work is analytical and hands‑on – from reviewing information memoranda and due diligence reports to stress-testing financial models and assessing investment risks. You’ll also support fundraising through investor materials, DDQs and RFPs and contribute to investor discussions. Success means sound investment recommendations, strong portfolio monitoring and clear, timely reporting across stakeholders. If you want to work on private credit transactions from first look through to portfolio monitoring this role offers end‑to‑end exposure in a scaled and growing platform. You’ll contribute to investment decisions that aim to meet capital deployment and return objectives while operating within clear risk and policy frameworks.

Equity, Diversity and Inclusion

Being open to different points of view is important for our business and the communities we serve. At HSBC, we’re dedicated to creating diverse and inclusive workplaces – no matter their gender, ethnicity, disability, religion, sexual orientation, socio‑economic background or age. We are committed to removing barriers and ensuring careers at HSBC are inclusive and accessible for everyone to be at their best. We take pride in being a Disability Confident Leader and will offer an interview to people with disabilities, long term conditions or neurodivergent candidates who meet the minimum criteria for the role.

Benefits

As an HSBC employee in the UK, you’ll have access to tailored professional development opportunities and a competitive pay and benefits package. This includes private healthcare for all UK-based employees, enhanced maternity and adoption pay and support when you return to work, and a contributory pension scheme with a generous employer contribution.