At HSBC, the health and well-being of our employees remains of utmost importance. Many of our roles are permitted to work from home (in states in which HSBC is licensed to operate) until further notice. Upon resumption of normal operations, this role may be performed at our Buffalo, New York office.
With consultative guidance and mentoring provided by an experienced SCU officer/Team Leader together with assistance from internal and external counsel this position manages an integrated portfolio composed of small to mid-size middle market entities, entrepreneurs, professionals, equipment finance, private banking, apparel, commercial real estate, asset based lending, owned real estate and other owned assets located within the CMB, CRE, ISB, PB segments. Many are bi-lateral, privately-held relationships generally located across North America.
Primary objective is to reduce the bank's criticized assets through restructure, litigation and/or bankruptcy, while also counseling front office RM's in bolstering the Bank's position on slightly weakening counterparties.
Impact on the Business
In concert w/input from LMU Head & Team Leader as well as LoB & CAU colleagues, focus on managing HBUS held, small to medium dollar exposures. Also engaged in special projects to develop departmental and team knowledge as SME for particular sectors or products types.
Prepare updates for executive management while working with internal/outside counsel and workout professionals to affect the resolution of problem assets. Serve as Global Relationship Manager for SME and Mid-Size MME HBUS-centric corporate restructurings.
Work in partnership with HSBC front line staff together with Team Lead to mitigate risk in deteriorating but acceptable credits with an aim toward providing guidance on restructuring into more acceptable terms.
When appropriate and with Team Leader guidance influence other institutions within bank & stakeholder groups to promote HSBC's strategy, working in both large group settings and one-on-one situations while recognizing that deals under LMU management may affect reputational risk and will significantly impact business unit performance.
Ensure that complete and in-depth reviews of financial and operating performance/risks are kept current for all assigned credits while recommending and/or rejecting proposed loan structures, conditions, etc, for directly managed & shadowed portfolio.
Foster early identification of deteriorating credits and drive appropriate action on potential and existing problem credits to protect HSBC's interests.
Ensure operational and administrative credit-related routines and records are properly maintained; & outstanding credits are effectively administered/managed w/reports submitted timely and accurately for assigned portfolio.
Customers / Stakeholders
Key stakeholders are front business lines whose P&L is directly impacted by actions taken.
Objective is to support established business plans while meeting Bank targets on credit quality, interest/fee income and customer service.
Monitor customer profitability and seek to optimize the balance between customer and Bank interests.
Manage implementation of approved strategies to ensure coordinated and consistent approaches in providing customers with workable solutions.
Leadership & Teamwork
Develop skills necessary to manage an assigned portfolio of varied debt and commercial product situations.
Work with a team of on & offshore recovery officers to resolve problem assets while managing the credit & ratings analysis processes on a directly managed portfolio. Negotiate w/borrowers, sponsors and other lenders while promoting creative restructuring solutions.
Support Group's ongoing system's development (such as CARM). Understand and comply with IFRS9 & CECL as well as OCC/SNC processes and other regulatory requirements that affect Customer Risk Ratings; Loss Given Default, Facility Grading and Impairment Reserve methodology/decision making.
Promote and cultivate an environment that supports diversity and reflects the HSBC brand.
Operational Effectiveness & Control
Implement strategies for assigned portfolio to achieve objectives and maximize contribution to economic profit while minimizing sustained losses.
Adhere to HBUS & Group Policies and Procedures to ensure compliance with booking, accounting, operational control, risk analysis, environmental policy, SEC requirements for customers and strategies in credits, documentation, credit administration and all regulatory requirements of each asset managed
Complete other responsibilities, as assigned.
Position directly handles a portfolio of SME and Mid-Size Category A/B exposures assigned to the Loan Management Unit for direct or co-management.
Requires a candidate who can multi task, be a team player with good interpersonal skills, however, one who uses sound judgement, has good negotiation, communication, persuasion, decision making and credit skills in evaluating risk inherent in each loan and formulating a strategy to maximize value for the Bank
Position has responsibility for a wide range of client types and a variety of commercial banking products for portfolios which are subject to scrutiny by regulators, internal review teams, attorneys and accountants.
Position is directly responsible for a diverse portfolio of troubled credit/product situations.
Constant contact with Front Line business units, Markets Risk, Credit Risk, Reporting, Finance, Credit Approval and internal counsel.
Travel domestically may be required.
Management of Risk
Ensure compliance with operational risk controls in accordance with HSBC and regulatory standards/policies; while optimizing relations with regulators by addressing any issues efficiently & effectively.
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.
HSBC was born from one small idea: a local bank serving international needs. We started our business in Hong Kong in 1865. In 2015, HSBC celebrates its 150th year anniversary. Over the years, HSBC grew through expanding its branch network, offering new products and establishing its own investment banking arm.
We aim to be where the growth is, connecting customers to opportunities, enabling businesses to thrive and economies to prosper, and ultimately helping people fulfill their hopes and realize their ambitions.
• Located in 72 countries and territories
• Serving around 48 million customers
• Supported by over 268,000* people
• Head office in US is New York City
We aim to be dependable, open and connected in everything we do. We want to ensure that our employees feel able to stand up for what is right, highlight potential risks and act with integrity, even when faced with pressure to act otherwise. By doing so, we will be able to meet expectations of society, customers, regulators and investors. To make sure everybody at HSBC lives up to these values, they are a part of everyone's annual performance review.
At HSBC, you will find that we are dependable, o...pen to different ideas and cultures, and connected to customers, communities, regulators and each other. Our culture has a family feel to it – our employees are encouraged to work together to reach a common goal. This idea is supported and encouraged at the leadership level and passed down.
Our size and global reach mean more opportunities for you to grow your career with us.
We are looking for forward-thinking, driven, perceptive candidates to help our customers realise their hopes, dreams and ambitions.
This means people who are dependable, open to different ideas and cultures, and enjoy being part of a team; people who have the potential to become the future leaders of HSBC.
We encourage you to drive your own development and build your network within your office and around the world.
We provide the opportunities for you to connect with customers, colleagues and the communities in which we operate.