The position is responsible for managing and analyzing the risks relating to a portfolio of Alternative Funds (primarily hedge funds but also private equity funds) and to support the ICG relationship management team in all credit-related matters. ICG seeks to secure sound, profitable and durable business for the Global Banking and Markets division from alternative and traditional fund managers. Together with other internal stakeholders within Relationship Management, the business, and WMR, the analyst will participate fully in the collective management of credit risk and undertake ad hoc projects as requested.
The analyst will be responsible for composing, reviewing and recommending credit reviews for fund vehicles which are more complex, highly levered, or less liquid. Such funds are difficult to analyze and require a high degree of analyst skill to evaluate the relevant risk factors. The analyst will also be responsible for ensuring appropriate documenting of all legal, compliance and credit risks per guidelines and approvals.
The analyst will need a thorough understanding of markets and the alternative funds industry, and ensure that the credit policy, objectives and priorities of HSBC are fully met within the alternative funds space.
Primary focus will be on hedge funds, although a range of fund vehicles could be analyzed including private equity funds and other fund types.
The role is important for ICG CRM in its efforts to support Prime's growth initiative within the alternative funds space. The ability to build effective relationships across various departments - Prime, Client Management, Relationship Management and WMR - will be key to success in the role.
Recommend credit limits in partnership with Relationship Managers based on the bank's risk appetite and client's credit risk profile
Strong understanding of Markets products and associated risks and mitigants
Conduct periodic interim reviews and maintain clear and updated documentation in all credit files including financial statements, financial spreading, credit applications, validation records, internal and external correspondence
Ensure appropriate documenting of all legal, compliance and credit risks per guidelines and approvals
Review and assess client's credit risk rating, or as driven by special events, based on internal and external ratings and analytical tools
Report significant business events, financial trends, industry developments and other relevant issues relating to financial position of clients
Uses initiative and independent judgment in analyzing information and making recommendations to WMR which are strongly and clearly supported in credit write-ups, and to defend verbal challenges from Credit Risk approvers.
Customers / Stakeholders
ICG RM teams; Global Markets product areas and WMR.
Accountable for providing a very visible point of contact for the Relationship Managers and client in terms of Funds renewals/new client credit requests. For the portfolio of alternative funds being managed, the analyst will own the processes related to credit limit renewal/new onboarding activity and be responsible for meeting the reasonable expectations of the business in regards to such activities.
Close contact with WMR to review credit issues pertaining to their portfolio.
Leadership & Teamwork
Cultivate an environment that supports diversity and reflects the HSBC brand.
Ensuring activities and daily tasks are conducted in a way that ensure alignment to the longer term strategy
Operational Effectiveness & Control
Ensure the most effective process is being used to support the requirements of the business and to meet the required controls, identify issues and gaps and put in place activity to resolve these
Adhere strictly to compliance and operational risk controls in accordance with HSBC and regulatory standards, policies and practices; report control weaknesses, compliance breaches and operational loss events.
The analyst will need to be knowledgeable on a wide array of subject matter, confident in their role, and have the ability to work with closely with internal stakeholders => Business, Product Specialists, WMR, Client Management and Documenation Negotiators.
The role holder will work closely with the Business, Product Specialists, WMR and Onshore analysts to ensure priorities in our pipeline and new business are completed in a timely manner
The analyst will need to fully explain relevant risks to HBUS WMR in order for them to be comfortable extending limits to a sector that attracts significant attention from regulatos and senior management
Working in a dynamic, pressurized, time-sensitive environment with interaction with internal stakeholders and demanding external clients.
Management of Risk
Apply compliance, operational risk controls in accordance with HSBC or regulatory standards and policies; and optimize relations with regulators by addressing any issues.
Ensure compliance, operational risk controls in accordance with HSBC or regulatory standards and policies; and optimize relations with regulators by addressing any issues.
Promote an environment that supports diversity and reflects the HSBC brand.
Increased focus and oversight must be placed on any manual processes and exceptions to policy.
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.
Internal Number: 836494
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