1+ months

Credit Approver - 0000FDFQ

New York, United States
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  • Job Code
    812356

Credit Approver - 0000FDFQ
Description

!*!

At HSBC, the health and well-being of our employees remains of utmost importance.  Many of our roles are permitted to work from home (in states in which HSBC is licensed to operate) until further notice. Upon resumption of normal operations, this role may be performed at our New York, New York office.

Manages credit risk and makes decision for several major businesses, exercising delegated credit authority for credit exposure to existing and new 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.

Impact on the Business

  • Review, recommend and approve individual credit limits within assigned authority to a broad range of industries involving the Company’s and Group’s customer base, ensuring adherence to all applicable credit approval procedures.
  • Credit analysis and evaluation of the client’s business model, financial performance, management, industry (including micro / macro economic factors) and forecasted business plans.
  • Participate with lenders and management for several major businesses, ensuring responsiveness, meeting portfolio exposure targets, minimizing credit costs and maintaining and acquiring profitable and prudent credit exposures.
  • Assure compliance with Bank Credit Policy and risk appetite guidelines as well as adherence to all Regulatory requirements.

Customers / Stakeholders

  •  Responsible business unit RM’s and senior management.

Leadership & Teamwork

  • Guide evaluation and structuring of complex credit proposals or those requiring close scrutiny. Identify potential risks within the company and provide mitigating solutions.
  • Provide immediate attention & guidance to deteriorating situations.
  • Foster a collaborative relationship with the business, working together to address the client’s needs while assuring the risk profile remains within the Bank’s credit appetite
  • Provide guidance, training and expertise on the credit approval process and structuring of loans as required.

Operational Effectiveness & Control

  • 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.
  • Complete other responsibilities, as assigned.

Major Challenges

  • 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).
  • Must be able to make autonomous, prudent credit decisions under tight time deadlines.
  • Maintain a collaborative relationship with the business units to achieve growth goals and maintain credit quality.
  • Demonstrate “Courageous Integrity” at all times, taking responsibility to escalate issues so as to ensure the Company maintains the highest standards for Compliance and Risk Management.
  • Recognizing business needs to accommodate growth and revenues, yet maintain acceptable and prudent credit standards without compromising HSBC Risk Appetite.
  • Encouraging appropriate risk reward characteristics on all transactions.

Role Context

The challenge to the jobholder is:

  • To recommend/approve credit proposals in a quick and efficient but though and strategic manner.
  • To ensure regular up-skilling of knowledge, capabilities and responsibilities of colleagues in both the First and Second Lines of Defense;
  • To foster a sound common credit culture with the aim of ensuring a sustainable high quality lending portfolio;
  • Adherence to credit standards, as issued by CPM, Lending Guidelines and Risk Appetite Manual, WMR

Risk FIM, and various other circulars / communications issued from time to time.

  • In fulfilling these objectives, there is a need to provide direction and guidance to colleagues and Relationship Managers, particularly in the context of the US Regulatory framework compared with other HSBC balance sheets.

In summary, the role will undertake the identification, evaluation and assessment of credit proposals which may include asking questions of the Relationship Mangers and those within the business referencing and analyzing external data and internal trends concluding in an independent credit recommendation. This will include ensuring that transaction risks, repayment capacity,

performance trends, leverage and liquidity risks are identified and understood and that the credit structure is appropriate and adequately protects the Company from undue risk, as well as complies with the necessities of the US Regulatory framework and maintains the sovereignty of the HSBC USA balance sheet. Equally importantly, risk should be managed on a portfolio basis with a proactive approach to changes in the industry sector and individual borrowers, thus ensuring a more holistic and less transactional approach to risk management.

Management of Risk

  • Ensure compliance, operational risk controls in accordance with HSBC or regulatory standards and policies; and optimize relations with regulators by addressing any issues.
  • Ensure all credit facilities are properly risk rated (including timely downgrading/upgrading) and data integrity is maintained at all times.

Observation of Internal Controls

  • Maintains HSBC internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators.
  • To implement the Group Compliance policy locally by managing compliance risk in liaison with the Head of Group Compliance, Regional Compliance Officer, Area Compliance Officer or Local Compliance Officer, ensuring adequate compliance resources are in place and training is provided, fostering a compliance culture and optimizing relations with regulators.

 


!*!

Employment eligibility to work with HSBC in the U.S. is required as the company will not pursue visa sponsorship for these positions.

  • Minimum of 3 to 5 years proven, progressive and broad-based experience in credit, lending and/or workout areas or equivalent.
  • Minimum of a bachelor’s degree in business, finance, related field or equivalent experience.
  • Credit training or equivalent experience.
  • Strong analytical, planning, mathematical, problem-solving, communications, financial, technical, interpersonal and diplomatic skills.
  • In-depth knowledge of businesses supported, their credit products and pertinent regulations affecting the extension of credit for them.
  • Demonstrated ability to identify, evaluate and discuss credit risk in new, unusual or complex proposal structures.

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.
 


Primary Location !*!

Employment eligibility to work with HSBC in the U.S. is required as the company will not pursue visa sponsorship for these positions.

  • Minimum of 3 to 5 years proven, progressive and broad-based experience in credit, lending and/or workout areas or equivalent.
  • Minimum of a bachelor’s degree in business, finance, related field or equivalent experience.
  • Credit training or equivalent experience.
  • Strong analytical, planning, mathematical, problem-solving, communications, financial, technical, interpersonal and diplomatic skills.
  • In-depth knowledge of businesses supported, their credit products and pertinent regulations affecting the extension of credit for them.
  • Demonstrated ability to identify, evaluate and discuss credit risk in new, unusual or complex proposal structures.

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.
 


Schedule North America-United States-New York-New York
Unposting Date 

Industry

  • Banking / Finance
Posted: 2021-06-14 Expires: 2021-08-18

HSBC is one of the world’s largest banking and financial services organisations. We serve more than 40 million customers through our global businesses: Wealth and Personal Banking, Commercial Banking, and Global Banking & Markets. Our network covers 64 countries and territories in Europe, Asia, the Middle East and Africa, North America and Latin America.

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Credit Approver - 0000FDFQ

HSBC Bank USA
New York, United States

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