
at HSBC
OtherPosted 3 months ago
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The CCM-PSO function supports CIB deal origination and capital management by improving portfolio risk, hedging, and risk/return on the credit portfolio through loan sales and hedging. The Vice President will execute hedging trades, manage loan sales and non-payment insurance, develop new hedging strategies, monitor P&L and valuation for hedge books, and provide risk/return analyses and regulatory/compliance support. The role involves collaborating with origination teams, client coverage, broker/dealer and investor communities, and second line of defense to enhance portfolio data quality and capital allocation.
- Compensation
- Not specified USD
- City
- Not specified
- Country
- United States
Currency: $ (USD)
Full Job Description
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 new kinds of opportunity for our more than 40 million customers. Were 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.
Credit & Capital Management - Portfolio Structuring & Optimisation (CCM-PSO) supports the Corporate & Institutional Banking (CIB) deal origination and capital management. CCM-PSOs role is to improve portfolio risk management and risk/return on the credit portfolio through loan sales and hedging. The CCM-PSO Vice President role will be involved in all aspects hedging and loan sales execution, credit portfolio monitoring & MI, risk reviews & analysis, risk management and capital allocation within the CIB business. The role requires working closely with the CCM origination team, CIB customer coverage teams, broker/dealer & investor communities and with the 2nd line of defense (Risk and Finance).
As our Vice President, Credit & Capital Management - Portfolio Structuring & Optimisation, you will:
- Execute and book hedge trades across the CCM-PSO product spectrum (including CDS)
- Execute Loan Sales & Non-Payment Insurance
- Actively involved in developing new hedging strategies and hedging products including running New Product Due Diligence processes
- Support as needed the Daily P&L and valuation processes for the hedge books
- Provide analysis for hedging, loans sales and credit risk distribution
- Support compliance processes for trading (CDS/Loan sales)
- Provide CCM-PSO and management ad hoc risk/return analysis as needed (may include sector and stress test analysis)
- Support CCM-PSO and broader efforts to improve portfolio data quality and transparency
- Support CIB coverage/deal origination teams and work with 2nd Line of Defense (Risk and Finance) on risk management processes
- Network with broker/dealers and investors in order to increase distribution capabilities
- Assist with implementing, as appropriate, CCM-PSO relevant regulatory and internal policy/guideline changes, including communication and support to origination teams
- Assist, as needed, in resolving CCM-PSO relevant audit points and issues raised by regulators
Youll likely have the following qualifications to succeed in this role:
- Excellent analytical skills
- Strong verbal and written communication skills
- Strong Excel modeling skills
- Programming skills a plus
- Minimum Bachelors degree, ideally in Finance, Economics, Mathematics, Financial Engineering or other quantitative disciplines
- Prior banking/financial institution experience preferably in Trading, Credit & Lending, Risk Management or Risk/Return analysis is a plus
- Solid understanding of risk management with knowledge of regulatory and economic capital
- Strong Multitasking abilities required
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 HSBCs 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. Youll 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!
Your final fixed pay offer will depend on the candidate and several variables, including but not limited to, role responsibilities, skill set, depth of experience and education, licensing/certification requirements, internal relativity, and specific work location.
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.
