Associate, Credit & Capital Management - Portfolio Structuring & Optimisation

HSBC • New York, NY

3d

About The Position

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.
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 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.
Credit & Capital Management - Portfolio Structuring & Optimisation (CCM-PSO) supports the CIB deal origination and capital management. CCM-PSO’s role is to improve portfolio risk management and risk/return on the credit portfolio through loan sales and hedging.
The CCM-PSO Associate role will focus on supporting all aspects of CCM-PSO hedging and loan sales execution, credit portfolio monitoring & MI, risk reviews & analysis, risk management and capital allocation within the CIB business. The role requires working closely with the CCM origination team, Corporate & Institutional Banking customer coverage teams and with the 2nd line of defense (Risk and Finance).

Requirements

• Excellent analytical skills.
• Strong verbal and written communication skills.
• Strong Excel modeling skills (Excel VBA is a plus)
• Minimum Bachelor’s degree, ideally in Finance, Economics, Mathematics, Financial Engineering or other quantitative disciplines.
• Understanding of risk management with knowledge of regulatory and economic capital
• Strong Multitasking abilities required

Nice To Haves

• Python programming skills a plus
• Prior banking experience preferred background in Trading support, Credit & Lending, Risk Management or Risk/Return analysis is a plus.

Responsibilities

• Prepare a Daily Flash Profit & Loss for the hedge book (CDS, CLO)
• Support/manage the ongoing management of the CLO program
• Provide analysis for CDS hedging and loans sales
• Support compliance processes for trading (CDS/Loan sales)
• Prepare Monthly Credit Portfolio MI and Hedge/Loan sales reporting for management and Risk & Finance
• Provide CCM-PSO and management ad hoc risk/return analysis as needed (may include sector and stress test analysis)
• Support CCM-PSO and broader efforts to improve portfolio data quality and transparency
• Actively support and work with 2nd Line of Defense (Risk and Finance) on risk management processes (may include Risk Limit and Stress test processes (e.g. CCAR))
• Assist with implementing, as appropriate, CCM-PSO relevant regulatory and internal policy/guideline changes, including communication and support to origination teams
• Assist, as needed, in resolving CCM-PSO relevant audit points and issues raised by regulators
• Support ad hoc projects/initiatives to improve the management of the credit portfolio (for example Economic Capital)

Benefits

• 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.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level