What are the responsibilities and job description for the Vice President Credit Approvals Unit position at HSBC?
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 Vice President Credit Approvals Unit 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
- Credit analysis and evaluation of the client's business model (including guidance to deal teams on credit underwriting), financial performance, management, industry research (including micro/macro economic factors) and forecast business plans
- Review, recommend and approve individual credit limits within assigned authority for large and complex loans involving the Company's and Group's customer base, ensuring adherence to all applicable credit approval policy and procedures
- Ensure ongoing credit quality through portfolio management tasks including timely risk ratings and remediation actions, where applicable
- Assure compliance with Bank Credit Policy and risk appetite guidelines as well as adherence to all Regulatory requirements and control
- Guide evaluation, underwriting 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.
For this role, HSBC targets a pay range between $134,500 and $220,000.
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.
Youll likely have the following qualifications to succeed in this role:
- Minimum of 10-15 years proven, progressive and broad-based experience in credit, lending and/or workout areas or equivalent with focus on cash flow 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 race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.
