Job description

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 New York, New York office.

 

HSBC is seeking a Senior Portfolio Manager to manage a portfolio of Commercial Real Estate assigned relationships and loans. The portfolio will consist of multifamily, industrial, office, student housing, life sciences, senior housing, retail and hospitality assets across the United States. Facility types will include construction, term, bridge, lines of credit, etc. Responsibilities include:

Prepare annual (or more frequent) in-depth analytical reviews for assigned loans detailing property performance, guarantor performance, and sponsor financials to recommend and justify appropriate risk rating to internal Credit Approvals Unit.

Effectively and proactively manage the credit quality of the portfolio seeking to prevent impairments and responsibly addressing and overseeing any credit issues in addition to monitoring risk grades.

Develop and maintain knowledge of sales, rentals, general and area-specific market conditions on a local as well as national basis and identify and subscribe to reliable information sources to support review activities.

Manage work flow and annual review assignments and monthly covenant governance conference call – which is a monthly meeting to identify and discuss loans with a focus on sub-performing and Worry Watch Monitor loans (i.e. loans that have failed or are close to failing performance covenants, property performing well below underwriting grid projections, delays in construction, etc.).

Control attestation – Annual Reviews – keep track of Out of Approvals on a monthly basis; communicate with portfolio managers and relationship managers regarding any past due assignments.  On a quarterly basis, record and submit Out of Approvals results in Helios.

Mentor junior portfolio management staff regarding credit analysis, bank policy, and best practices. Review draft work for completeness prior to submission.

Participate in and assist with internal and external audits.

 

About Us

HSBC is one of the largest banking and financial services organizations in the world, with operations in 64 countries and territories. We aim to be where the growth is, enabling businesses to thrive and economies to prosper, and, ultimately, helping people to fulfill their hopes and realize their ambitions.

You will be responsible for:

  • Monitor property performance through receipt and tracking of operating statements, raising issues with internal stakeholders.
  • Mentor portfolio management staff regarding credit analysis, bank policy, and best practices.  
  • Ensure portfolio management staff is acting with integrity and consistency in annual review assignments and completing timely annual reviews in compliance with internal policy and regulatory requirements.
  • Manage and maintain reporting systems to identify existing or potential impairments to loan security.
  • Update procedures related to the Portfolio Management function.
  • Provide clear direction, prioritize tasks and monitor workflow effectively.
  • Promote an environment that supports diversity and reflects the HSBC brand.
Requirements

Employment eligibility to work with HSBC in the U.S. is required as the company will not pursue visa sponsorship for these positions.

 

  • Minimum of ten years of experience in commercial real estate portfolio management in Metro NY and/or major national markets served, or equivalent.
  • Bachelor’s degree in business, real estate, finance, related field or equivalent experience.
  • Strong communication, writing, analytical, planning, decision-making and organizational skills.
  • Current knowledge of the local and national real estate industry.

 

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!

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.