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.