Description

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 serves customers worldwide through an international network with 3,900 offices in 67 countries and territories worldwide. Our purpose is connecting customers to opportunities, enabling businesses and economies to prosper. We serve our customers through four global businesses: Commercial Banking (CMB), Global Banking & Markets (GBM), Retail Banking & Wealth Management (RBWM) and Global Private Banking.

The Bank’s front line business model is constructed around Credit Management (CM) and Relationship Management (RM) teams that serve as the anchor for relationships and coordinate with product partners (such as Capital Financing, Global Liquidity & Cash Management (GLCM), Global Trade & Receivables Finance (GTRF), Private Banking, and Global Banking & Markets (GBM)) to offer solutions based on customer needs and business complexity. Particular focus is placed on companies that have an international footprint and/or aspire to grow internationally and use HSBC for its global connectivity and expertise.

Credit Management provides front line credit and risk ownership including writing credit papers, performing credit analysis, modeling projection and enterprise valuation analysis, coordinating with internal stakeholders (such as Credit Risk, relationship managers, global partners, and product teams), client engagement on credit risk and structuring, and delivering sound recommendations based on robust business, relationship, and industry analysis using expert judgment and conforming with internal credit policies/guidelines and external regulatory requirements.

International Subsidiary Banking (ISB) is an integral part of HSBC that manages subsidiaries of companies (on behalf of a globally managed Parent company) around the world. The ISB team consists of a network of dedicated bankers in nearly 50 countries, managing over 22,000 subsidiary client relationships. ISB bankers work with global relationship managers (GRM) and product partners to understand and deliver on customers’ international needs while striving to provide consistent, in-depth and dedicated coverage across the HSBC network.

As our Assistant Vice President Credit Manager you will:

Business Impact

• Deliver the business strategy with strong knowledge of Commercial Banking (CMB) priorities

• Work effectively in partnership with other CMB segments and product teams

• Cross-pollinate best practices across regions, leading and participating in local/regional/global initiatives that result in effective risk management practices, more efficient delivery, stronger returns and deeper customer relationships

Customers & Stakeholders

• Represent and develop the HSBC brand in the marketplace

• Build strategic and valued relationships with customers, applying knowledge to provide value-add advice and assistance

• Have a strong collaboration internally to develop best-in-class experience and outcomes for our teams and employees

• Have an effective and timely dialogue with all stakeholders across CMB, HSBC Group, and our clients

• Deliver fair outcomes for our customers that do not disrupt the orderly and transparent operation of financial markets

• Prevent and proactively identify actions and behaviors that may constitute market misconduct and respond appropriately

• Manage conflicts of interest and appropriately handle information to reduce the opportunity for misuse

Operational Effectiveness & Control

• Recommend ideas and contribute to implementing actions that will improve customer service, quality, and the way teams and individuals work together

• Adhere to HSBC policies, procedures, and control requirements and raise any concerns about actual or potential issues promptly, in line with reporting and escalation procedures

• Continuously gather and analyze information from relevant sources to assess potential impacts and identify risks and business opportunities

• Have a compliance with all relevant financial services laws, rules and codes with adherence to all relevant procedures. Maintain accurate and appropriate records

• Understand the internal control structure referred to as the ‘Three Lines of Defense’, understand your role within the framework and act accordingly in line with operational risk policy

Risk Management

• Embody the behaviors that form part of the HSBC Values and culture while adhering to HSBC risk policies and procedures

• Make informed decisions in accordance with the core principles of HSBC's Financial Crime Risk Appetite in adherence with Global AML, Sanctions, and ABC policies

• Be responsible for ensuring that operational risks are managed in accordance with the Group Standards Manual, Risk FIM, Credit Policy Manual (CPM), and relevant guidelines and standards

• Analyze client and business risk taking into account changing economic and market conditions, legal and regulatory requirements, operating procedures and practices, management restructurings, and the impact of new technology

• Ensure all actions take into account the likelihood of operational risk occurring, addressing areas of concern in conjunction with Risk and relevant colleagues and ensuring that actions resulting from internal/external audits and external regulators are correctly implemented in a timely fashion

For this role, HSBC targets a pay range between $95,600.00 and $143,400.00.

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.

Qualifications

You´ll likely have the following qualifications to succeed in this role:

Culture & Behaviors

• Appropriate conduct is integral to HSBC values and principles and supports all business activities including the Group’s growth strategy, culture and behaviors, interaction with customers, financial markets operations, and governance and oversight processes. All employees must demonstrate the HSBC vision, values, goals, and culture in personal behavior, actions, and decision making

• Embed proper culture which supports our people and empowers them to consistently do the right thing for our customers and markets in which we operate. HSBC's approach to conduct is designed to ensure we deliver fair outcomes for our customers and do not disrupt the orderly and transparent operation of financial markets

• Open to challenges, acknowledge and provide transparency when there are issues and concerns, provide solutions and ideas to fix things and learn from our mistakes

• Take personal responsibility for understanding and agreeing to performance expectations, completing mandatory training, and developing the levels of capability and competence needed to be effective in the role

• Contribute to team development, effectiveness, and success by sharing knowledge and best practice, working collaboratively with others to create a productive, diverse, and supportive working environment

Skills

• Ability to analyze situations effectively and make well-thought out decisions

• Proven leadership skills including coaching, motivation and communications skills to inspire others

• Strong teamwork skills promoting an environment of co-operation and trust, overcoming resistance where encountered

• Strong analytical and financial skills

• Excellent prioritizing, organizational and time management abilities

• Excellent verbal and written communications skills

Role Expectations

• Ability to independently manage high volume of projects and initiatives while maintaining timely and high quality delivery of projects

• Strong understanding of credit analysis and the ability to analyze, interpret and manage credit risk on a portfolio level

• Leverage past business experience to assist with the development of credit strategies, develop in-house credit data analysis and reporting

• Strong communication skills to articulate the broader picture while remaining sufficiently detailed and organized

• Credibility with key stakeholders built through timely, high-quality, and consistent deliverables

• Assist with WMR credit reviews, Internal Audits, Regulatory Liaison office as applicable

• Demonstrated ability to remain current on all required training classes, including credit policy certification

• Strong drive to develop strategy around data integrity, data management and remediation efforts

• Knowledgeable, responsive, collaborative, strong engagement with product partners and other segments

• Strong time management and organizational behaviors, appropriately manage expectations, clear and frequent communication

• Proactive involvement in coaching/development of junior colleagues

• Strong willingness and success in supporting team objectives and developing other Credit Managers and Analysts

• Proven willingness and success in driving special projects and bringing value add ideas

• Strong willingness to contribute and successful contribution to the Credit Management team's broader strategy

• Collaborative, supportive, positive attitude to all members of the team and Bank

In compliance with applicable laws, HSBC is committed to employing only those who are authorized to work in the U.S. Applicants must be legally authorized to work in the U.S. as HSBC will not engage in immigration sponsorship for this position.

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, diverse 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. And we want you to help us build the bank of the future!

#wayup

All qualified applicants will receive consideration for employment without regard to age, ancestry, color, race, national origin, ethnicity, disability or medical condition, genetic information, military or veteran service, religion, creed, sex, gender, pregnancy, childbirth, caregiver status, marital status, citizenship or immigration status, sexual orientation, gender identity or expression or any other trait protected by applicable law.

Job Field: Commercial Banking

Primary Location: North America-United States-Illinois-Chicago

Req ID: 0000K3NE