Investment Associate - RCF Partnership Strategy

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

Job summary

HSBC is seeking an Investment Associate for the RCF Partnership Strategy within the Asset Management Capital Solutions team in the UK. You will evaluate opportunities, perform due diligence, build credit models and support fundraising activities, contributing to the growth of HSBC’s private credit platform.

The role offers exposure to investment lifecycle, cross-functional collaboration and opportunities for professional development in a leading global bank.

Qualifications

• Relevant professional experience in leveraged finance, private credit, direct lending, acquisition finance or closely related field.
• Experience analysing leveraged or sponsor-backed businesses within European large-cap or upper mid-market segments.
• Strong credit-underwriting skills identifying risks and mitigants.
• Strong financial-modelling skills building integrated cash-flow models.

Responsibilities

• Evaluate, underwrite and execute new investment opportunities for the RCF Fund with senior team members.
• Perform detailed company, sector and market analysis and due diligence.
• Build cash flow and credit models, including downside and sensitivity analyses.
• Support investment committee memos and deal approvals.

Skills

Leveraged Finance

Private Credit

Direct Lending

Acquisition Finance

Credit Modelling

Excel

PowerPoint

Education

IMC CFA ACA ACCA

Tools

Excel

PowerPoint

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 are currently seeking an experienced professional to join our team in the role of Investment Associate – RCF Partnership Strategy.

This role sits within HSBC Asset Management’s Capital Solutions team. You will join a focused and entrepreneurial investment team managing a private credit fund investing in revolving credit facilities (RCFs) to leveraged corporates. The role offers direct exposure to the investment and fundraising lifecycle, and the opportunity to contribute significantly to the growth of our platform.

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:

• Evaluate, underwrite and execute new investment opportunities for the RCF Fund together with senior team members of the investment team.
• Perform detailed company, sector and market analysis, including assessment of business models, competitive positioning, management teams, financial sponsors and key investment risks.
• Review financial, commercial, tax, legal, ESG and other third-party due diligence materials, identifying key findings and areas requiring further investigation.
• Build and maintain detailed cash flow and credit models including downside and sensitivity analyses.
• Analyse capital structures, financing terms and structural protections, and assess the risk-adjusted attractiveness of proposed investments.
• Prepare Investment Committee memos and present deal opportunities to the Investment Committee for approval.
• Support transaction structuring, negotiation and execution, including the review of term sheets, facility agreements, intercreditor arrangements, security packages and other financing documentation.
• Monitor portfolio investments following completion by reviewing financial performance, liquidity, covenant compliance, business developments and sector trends.
• Contribute to the continued development of investment, monitoring and reporting processes, including the responsible adoption of AI-enabled tools to improve efficiency and analytical insight.
• Support investor engagement and fundraising activities by preparing marketing materials, portfolio analysis and ad hoc research for prospective and existing clients.

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

• Relevant professional experience in leveraged finance, private credit, direct lending, acquisition finance or a closely related field.
• Experience analysing leveraged or sponsor-backed businesses, ideally within the European large-cap or upper mid-market segment.
• Strong credit-underwriting skills, including the ability to identify and articulate key business, financial, structural and documentation risks and appropriate mitigants
• Strong financial-modelling skills, including the ability to build integrated cash-flow models and downside analysis.
• Experience reviewing due diligence materials and synthesizing complex information into clear investment conclusions.
• Strong written and verbal communication skills, including experience preparing credit papers, investment memoranda or similar approval materials.
• Advanced proficiency in Excel and PowerPoint.

Skills & behaviours

• Good commercial awareness, including the economic, cultural, process, and regulatory factors that affect businesses
• Strong relationship-building skills with stakeholders, plus clear written and verbal communication and confident presentation at all levels
• Strong analytical capability, with a practical grasp of investment appraisal fundamentals
• Team-first mindset, comfortable working in close-knit, collaborative teams where success is shared
• Excellent time management, planning, and organisation

Desirable

• Relevant qualifications (e.g. IMC, CFA, ACA/ACCA)
• Experience in a private debt fund or wider asset management environment
• Experience working across multiple jurisdictions

Opening up a world of opportunity

#LI-HSBC

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].