Middle Office Lead London, England
Job description
Some careers have more impact than others.
If you’re looking for a career that will unlock new opportunities, join HSBC and experience the possibilities. Whether you want a career that could take you to the top, or simply take you in an exciting new direction, HSBC offers opportunities, support and rewards that will take you further.
HSBC Global Banking and Markets is an emerging markets-led, financing-focused business that provides investment and financial solutions. Through our international network, we connect emerging and mature markets, covering key growth areas. We partner with our corporate, government and institutional clients to help them achieve consistent, long-term performance. Our products and services include advisory, financing, prime services, research and analysis, securities services, trading and sales and transaction banking.
Wholesale Portfolio Management (WPM) is a first-line of defence function with the mandate to pro-actively manage the credit risk and concentration risk of HSBC’s wholesale lending portfolio. Through their various activities, WPM helps the lending business to operate and grow prudently and profitably. WPM manages balance sheet utilisation and concentration risk by utilising securitisations, non-payment insurance, credit default swaps and loan sales to optimise capital and ensure capital preservation
We are currently seeking an individual to join this team in the role of Middle Office Lead.
The primary purpose of this role is to carry out Middle Office servicing tasks within wholesale portfolio management execution for securitisation products.
This is a highly strategic function within HSBC whereby you will gain lots of visibility and exposure to dealing with large transactions, managing risk and capital which is pivotal to the bank’s success. We operate globally so this role presents lots of opportunity to grow, develop and network.
In this role, you will:
- Manage a series of loan transactions, monitoring 15/20 live transactions and carrying out ongoing management tasks with regards to securitisations
- Negotiate with buyers, ensure terms are agreed, issue and review loan documentation
- Carry out investor and internal reporting, ensuring payments are made to investors
- Regularly liaise with internal stakeholders within operations and front office teams
- Monitor credit memo / applications raised against facilities in addition to monitoring facility level information from facility agent and maintain data room with insurance broker in addition to reviewing loan transfer and confidentiality restrictions and assist with closing and settlement tasks
To be successful in this role you should meet the following:
- A solid understanding of loans as a product, understanding the secondary market linked to the loan product to include loan trading settlements and loan documentation
- Proven background in Banking/Structured Finance or Markets or Credit Portfolio Management
- Excellent problem solving, organisational and prioritisation skills
- Able to articulate and communicate with stakeholders at various levels
- An eye for detail, being thorough in your approach and details focused
The base location for this role is London
You’ll achieve more when you join HSBC.
At HSBC we look to enable our employees to better balance their work / life priorities and have the flexibility required to meet challenging needs as they progress through different life stages. Where possible we will consider the following flexible working options: part-time working, job sharing, term-time working, and working from home and staggered hours. If in considering a role with HSBC you have a need for some flexibility in your working arrangements please discuss this with the recruitment team in the early stages of the application process.
We believe that being open to a range of perspectives and cultures is vital for our business. We work hard to ensure our diverse and inclusive workplace reflects the communities we serve. We want everyone to achieve their potential – regardless of their gender, ethnicity, disability, religion, sexual orientation or age. If you have a different way of seeing the world, we are interested in hearing from you.
HSBC is committed to being an inclusive employer and providing an inclusive and accessible recruitment process for all. We will provide reasonable adjustments to remove any disadvantage to you being considered for this role. We are proud members of the Disability Confident Scheme, and will offer an interview to disabled candidates who meet the minimum criteria for the role. If you would like to receive any information in a different way or would like us to do anything differently to help you
