VP, Hedge Fund Credit Approval

HSBC; New York (NY); On-site; USD 138,000 - 208,000; Full time

Job summary

An established industry player is seeking a VP of Hedge Fund Credit Approval to manage credit risk and decision-making. This pivotal role involves evaluating and structuring complex credit proposals while ensuring compliance with regulatory standards. The ideal candidate will have extensive experience in credit and lending, strong analytical skills, and a keen understanding of market dynamics. Join a forward-thinking company that values diversity and offers tailored professional development opportunities, competitive pay, and a supportive work environment. Be part of a team that drives meaningful change and builds the bank of the future.

Benefits

Wellness Hub

Professional Development Opportunities

Employee Resource Groups

Volunteerism Policy

Matching Gift Program

Sustainability Initiatives

Qualifications

• 8-10 years of experience in credit, lending, or markets.
• In-depth knowledge of credit products and US regulations.

Responsibilities

• Manage credit risk and decisioning for new and existing clients.
• Guide evaluation and structuring of complex credit proposals.

Skills

Credit Risk Management

Analytical Skills

Problem-Solving

Communication Skills

Financial Analysis

Interpersonal Skills

Education

Bachelor's Degree in Business or Finance

Credit Training

Job description

Our purpose - Opening up a world of opportunity - explains why we exist. Here at HSBC we use our unique expertise, capabilities, breadth and perspectives to open up new kinds of opportunity for our more than 40 million customers. We're bringing together the people, ideas and capital that nurture progress and growth, helping to create a better world - for our customers, our people, our investors, our communities and the planet we all share.

Manages credit risk and provides decisioning, exercising delegated credit authority for credit exposure arising from new and existing clients. Ensures appropriate lending structures and controls are in place to handle inherent and unique risks in reviewed transactions. Consults with businesses regarding appropriate credit facility structuring to meet Company standards, regulatory guidelines and client needs. Reports to Sector Head.

As our VP, Hedge Fund Credit Approval you will :

• 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
• 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
• 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
• Ability to effectively 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
• Ensure compliance, operational risk controls in accordance with HSBC or regulatory standards and policies; and optimize relations with regulators by addressing any issues
• Maintains HSBC internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators

For this role, HSBC targets a pay range between $138,400.00 and $207,600.00

The final fixed pay offer will depend on the candidate and a number of variables, including but not limited to, role responsibilities, skill set, depth of experience and education, licensing / certification requirements, internal relativity, and specific work location.

At HSBC, our overall goal is to provide a competitive Total Reward Package, with an appropriate mix of fixed pay, and variable pay, as part of an employee's overall total compensation and benefits. Variable pay generally takes the form of discretionary, annual awards (sometimes referred to as a "bonus"). Additionally, HSBC offers a wide range of competitive and flexible benefits designed to help you improve your health and well-being, finances, and lifestyle.

Requirements

You'll likely have the following qualifications to succeed in this role :

• Minimum of 8-10 years proven, progressive and broad-based experience in the Markets area, credit, lending and / or workout areas or equivalent with focus on trading counterparties and asset-backed borrowers
• In-depth knowledge of businesses supported, their credit products and pertinent US regulations affecting the extension of credit to them
• Demonstrated ability to identify, evaluate and discuss credit risk in new, unusual or complex proposal structures
• Strong analytical, planning, mathematical, problem-solving, communication, financial, technical, interpersonal and diplomatic skills
• Intellectual curiosity, supporting the ability to demonstrate balanced judgment in timely decision-making and the ability to manage conflict
• Minimum of a bachelor's degree in business, finance, related field or equivalent experience
• Credit training or equivalent experience

In compliance with applicable laws, HSBC is committed to employing only those who are authorized to work in the U.S. Applicants must be legally authorized to work in the U.S. as HSBC will not engage in immigration sponsorship for this position.

As an HSBC employee, you will have access to tailored professional development opportunities to ensure you have the right skills for today and tomorrow. We offer a competitive pay and benefits package including a robust Wellness Hub, all in a welcoming, diverse and inclusive work environment. You will be empowered to drive HSBC's engagement with the communities we serve through an industry-leading volunteerism policy, a generous matching gift program, and a comprehensive program of immersive Sustainability and Climate Change Initiatives. You'll want to join our Employee Resource Groups as they play a central part in life at HSBC, including the development of our employees and networking inside and outside of HSBC. We value difference. We succeed together. We take responsibility. We get it done. And we want you to help us build the bank of the future!

All qualified applicants will receive consideration for employment without regard to age, ancestry, color, race, national origin, ethnicity, disability or medical condition, genetic information, military or veteran service, religion, creed, sex, gender, pregnancy, childbirth, caregiver status, marital status, citizenship or immigration status, sexual orientation, gender identity or expression or any other trait protected by applicable law.

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Vp Hedge Fund Credit • New York, NY, United States