AVP, Credit Solutions - Innovation Banking

HSBC•Chicago, IL

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 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. HSBC Innovation Banking provides debt solutions to early stage, high growth and public companies in the technology sector. Our differentiator is a global footprint in 70+ countries as well as a well-rounded banking platform including investment and corporate banking solutions. We are looking to hire an Assistant Vice President who is passionate about the technology sector and innovation ecosystem. Ideally, you have experience in structuring and underwriting debt transactions as well as a keen curiosity about high growth companies in the enterprise, fintech, consumer, and climatetech sectors. You will be a critical member of a lean team and primarily focus on due diligence, deal structuring, and portfolio management as well as presenting with internal partners regarding the Innovation Banking division’s debt portfolio. What you might expect on typical day: Meet with clients & prospects and help the team in building and maintain relationships with these companies Help structure venture debt facilities and other bank product credit limits that encourage balanced growth and protect against downside risk Perform key underwriting functions including KPI analysis, driven/market analysis, and financial modeling including forecasting, scenario, and valuation analyses Ensure accurate internal documentation of debt facilities, financial reporting and internal risk ratings Build and maintain a portfolio management framework that ensures timely and concise reviews of financial performance to senior credit approvers Review information and communicate on clients' performance internally Build and maintain multiple internal controls related to the debt and bank product credit limits. Develop a firm understanding of HSBC’s banking products and markets

Requirements

Ability to analyze business models, financial statements, competitive landscapes, and KPI’s
Experience in debt underwriting with a focus on the technology sector with a particular understanding of risk mitigation, capital structures, and repayment analysis
Ability to assess and handle credit risks of existing portfolio including covenant compliance, rating changes, and ongoing financial performance
Constantly curious and has a keen curiosity about tech trends/news as well as a firm understanding of the startup and VC ecosystem
Willingness to wear multiple hats and collaborate with clients and internal partners
Ability to work alongside legal counsel in negotiating commercial and credit terms
Proficiency in Excel as well as databases such as Pitchbook or Crunchbase

Responsibilities

Meet with clients & prospects and help the team in building and maintain relationships with these companies
Help structure venture debt facilities and other bank product credit limits that encourage balanced growth and protect against downside risk
Perform key underwriting functions including KPI analysis, driven/market analysis, and financial modeling including forecasting, scenario, and valuation analyses
Ensure accurate internal documentation of debt facilities, financial reporting and internal risk ratings
Build and maintain a portfolio management framework that ensures timely and concise reviews of financial performance to senior credit approvers
Review information and communicate on clients' performance internally
Build and maintain multiple internal controls related to the debt and bank product credit limits.

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.

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