HSBC Group

If you’re looking for a career where you can make a real impression, join our Global Service Center (GSC)- HSBC and discover how valued you’ll be.

We are currently seeking an experienced professional to join our team in the role of 

Credit Risk - Special Credit Unit Manager

Role purpose:

Special Credit Unit (North America) operates within the ‘Professional Services’ operating model and deals with high-risk credits (secured), extended to small businesses, middle market, large corporates as well as global banking customers in US.

Main activities: 

• Develop data processes and prepare Special Credit Unit (SCU) departmental Management Information (MI) such as portfolio statistics, trends and migration.
• Produce Business As Usual reports on regulatory matters such as IFRS 9
•  Assist in internal/external audit engagements
• Support in the ongoing administration and operation of SOX and non-SOX controls
•  Assist as required in projects which can including training, systems change, process and control change, etc. and establish risk policies with align with Group Risk and Finance principles
• Coordinate with SCU Relationship Managers to assist Senior Management with ensuring data accuracy in IFRS9 Closely monitor high risk credits & recommend an appropriate workout strategy in collaboration with onshore senior Relationship Managers or independently, in case of Full Responsibility (direct relationship management) from GSC, to bring them to the best resolution for the bank.
• Undertake thorough credit analysis, risk assessment, day to day management, loss estimation, collateral coverage estimation on assigned portfolio of bilateral and syndicated relationships.
• Perform impairment analysis in compliance with IFRS9 guidelines for exposures with default risk ratings. Also participate in Lender call to evaluate strategies at the Bank Group level and execute HBUS workout plans in accordance.
• On select exposures from Global Banking (GB) segment, formulate restructure or exit resolution strategies as well as determine appropriate risk ratings alongside onshore officers within a time frame of 36 months or less to minimize credit impairments.
• "Shadow Management" - now termed Advisory Support - for criticized credits that have received approval to stay with the business segment line area. This may include participation in customer contact, risk rating determination and collateral coverage estimates. Provide support in risk assessment and develop appropriate strategies for rehabilitation or exit of relationship.
• Participate and contribute in multi-party discussions along with Onshore Relationship Manager where Bank Counsel, Customer, Customer Counsel, Lending group representatives are involved.
• Implementation of the operating procedures.
• Liaison with respective business area on quality and workflow.
• Manage relationship with various stakeholders.
• Coordinating with support functions for infrastructural and HR related issues.
• Management of the workflows to ensure efficient operation of the unit.
• Development of MI to monitor quality / quantity of outputs.
• Ensure business continuity and stability.

• Graduate degree in accounting/ business/ finance/ economics/ related field or equivalent. Qualifications in Finance/ CA/ ICWA/ CS/ CAIIB preferred.
• 7+ years of post-qualification experience in handling small business or commercial credits and dealing with customers and government agencies or equivalent (relevant loan workouts and/or commercial lending and/or commercial recovery experience)
• In-depth understanding of accounting, financial analysis, credit products i.e. all fund & non fund based credit products viz. – term loans, OD/CC, LC/BG, bill discounting, factoring, forex loans.
• Good knowledge of International Trade Financing, treasury / derivative products will be preferred.
• Ability to analyze loan documentation including syndicated credit agreements, analyze complex corporate financial statements as well as personal net worth statements.
• Ability to negotiate loan terms both directly with borrowers and work with large loan bank groups.
• Strong analytical skills with ability to quickly interpret data & facts to arrive at meaningful conclusions and assess the business/ financial prospects of the borrowers.
•  Ability to work with outside legal counsel in litigation matters and loan and credit agreement amendments, interface professionally and support third party vendors, handle loan sales and to manage other real estate owned property (ORE).
• Working knowledge of internal loan systems and loan approval system.
• Excellent written and verbal English skills. 

You’ll achieve more when you join HSBC!

At HSBC we offer our colleagues a greater number of days so that they can fully enjoy their wedding, take care of the new member of the family, or grieve the loss of a family member. Our paid leave package is at the forefront in Mexico, now you have one more reason to be HSBC and proudly live a culture of well-being, balance and care

HSBC is an equal opportunity employer committed to building a culture where all employees are valued, respected and opinions count. We take pride in providing a workplace that fosters continuous professional development, flexible working and, opportunities to grow within an inclusive and diverse environment. We encourage applications from all suitably qualified persons irrespective of, but not limited to, their gender or genetic information, sexual orientation, ethnicity, religion, social status, medical care leave requirements, political affiliation, people with disabilities, color, national origin, veteran status, etc., We consider all applications based on merit and suitability to the role.

Personal data held by the Bank relating to employment applications will be used in accordance with our Privacy Statement, which is available on our website. 

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