Associate, Direct Lending

HSBC; Royal Borough of Greenwich; On-site; GBP 75,000 - 110,000; Full time

Benefits offered by this job

Private healthcare

Enhanced maternity/adoption pay

Contributory pension

Job summary

HSBC Holdings plc is seeking an experienced Associate, Direct Lending to join its private credit platform. The role provides end-to-end exposure from origination to portfolio monitoring across the UK, Europe and North America, evaluating CIMs, DD reports and running stress tests on financial models.

The successful candidate will support Investment Committee materials, engage with investors, and help manage risk within policy and regulatory frameworks while contributing to fundraising efforts.

Qualifications

• Proven experience in private credit, leveraged finance, or structured finance environments.
• Exposure to mid-market lending and financial sponsors.
• Strong analytical capability including financial modelling and investment appraisal basics.
• Clear written and verbal communication with stakeholders across the business.
• Ability to build effective relationships with internal teams, external providers and investors.
• Ability to interpret market developments and inform origination and portfolio discussions.
• Strong organisational skills to handle multiple deal priorities in a fast-paced setting.
• Ability to operate under policy, risk controls and regulatory requirements.

Responsibilities

• Originate and screen new direct lending opportunities across the UK and Continental Europe.
• Evaluate information memoranda, business plans and third-party due diligence for credit quality.
• Build, test and stress financial model assumptions and run scenario analyses.
• Prepare materials for Investment Committee recommendations aligned to policy.
• Monitor portfolio loan performance with KPIs and financial results.
• Produce internal and external reporting materials on portfolio performance and track record.
• Coordinate with middle office, back office and external service providers for transaction execution.

Skills

Private credit

Leveraged finance

Structured finance

Mid-market lending

Financial modelling

Investment appraisal

Stakeholder communication

Portfolio monitoring

Job description

If you’re looking for a career that will help you stand out, join HSBC, and fulfil your potential - whether you want a career that could take you to the top, or an exciting new direction, we offer opportunities, support and rewards that will take you further.

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 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.

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.

In this role you’ll:

• Originate and screen new direct lending opportunities across the UK and Continental Europe
• 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 escalate 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

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

• 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

Opening up a world of opportunity.

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.

If you have a need that requires accommodations or changes during the recruitment process, please get in touch with our Recruitment Helpdesk via [e-mail] .