VP, Portfolio Manager, Asset Backed Lending

HSBC; New York (NY); On-site; USD 150,000 - 210,000; Full time

Benefits offered by this job

Wellness Hub

Inclusive work environment

Job summary

HSBC in New York City seeks a Vice President, Portfolio Manager, Asset Backed Lending, to provide portfolio oversight and collaborate with Relationship Managers across the U.S. and globally to address client needs while maintaining sound risk controls.

The role requires a Bachelor’s degree in business, finance, or accounting and experience in asset-based lending or credit training, with strong analytical and communication skills and the ability to work in a team-oriented environment.

Qualifications

• Bachelor’s degree in business, finance, accounting or related field.
• Experience in asset-based lending or credit training preferred but not required.
• Experience managing a portfolio of asset-reliant transactions with varying complexity.
• Strong planning, communication, analytical, and organizational skills.
• Ability to work well in a team and build relationships with clients and colleagues.

Responsibilities

• Collaborate with ABL Team, Relationship Managers and portfolio companies to analyze new lending opportunities and manage existing loans.
• Provide oversight for all aspects of managing a portfolio of asset-reliant and ABL facilities.
• Conduct due diligence, collateral and financial analysis, modeling, and legal diligence; identify risks and mitigants; prepare credit memos.
• Prepare presentations and recommendations for internal approvals.

Skills

Portfolio management

Credit analysis

Relationship building

Financial modeling

Communication

Analytical skills

Education

Bachelor’s degree in business, finance, accounting

Tools

MS Excel

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.

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

HSBC is seeking a Vice President to join its Asset Based Lending Group. HSBC’s Asset Based Lending Group supports the bank’s Middle Market, Large Corporate and Global Banking segments targeting domestic and international companies with annual revenues ranging from $50MM to $5BN. Based in NYC, the group is looking for a talented individual to provide portfolio oversight and to work with Relationship Managers across the U.S. and globally to help meet client needs, while practicing safe and sound portfolio management.

As our VP, Portfolio Manager, Asset Backed Lending, you will:

• Collaborate within the ABL Team, Relationship Managers and portfolio companies to analyze new lending opportunities and manage the portfolio of existing loans
• Provide oversight for all aspects of managing a portfolio of asset reliant and ABL facilities
• Conduct company and industry due diligence, collateral and financial analysis, financial modeling / projections, and legal diligence, identify transaction risks and mitigants, and prepare credit approval memoranda
• Prepare presentations and approval recommendations for internal sign-off and internal approvals
• Build and maintain relationships with internal and external parties, including relationship managers, the credit approval team, the collateral examination group, appraisers, legal counsel, management teams, and financial sponsors
• Assist the ABL Group with various projects
• Ensure compliance and operational risk controls in accordance with HSBC and regulatory standards and policies
• Optimize relations with regulators by addressing any issues
• Promote a positive environment that reflects the HSBC brand

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

• Bachelor’s degree in business, finance, accounting, or related field
• Experience in asset based lending or general credit training preferred however not required
• Experience in managing a portfolio of asset reliant transactions with varying levels of complexity
• Strong planning, communication, analytical, and organizational skills
• Ability to work well in a team environment, build personal relationships with current and potential clients, and demonstrate strong and succinct written and verbal communication skills

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 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!

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.

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.