Associate, WPM Middle Office

As an HSBC employee in the UK, you will have access to tailored professional development opportunities and a competitive pay and benefits package. This includes private healthcare for all UK-based employees, enhanced maternity and adoption pay and support when you return to work, and a contributory pension scheme with a generous employer contribution.

We are currently seeking an experienced individual to join this team in the role of Middle Office Associate, Wholesale Credit and Lending Portfolio Management.

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 various activities, WPM helps the lending business to manage 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.

In this role, you will:

• Monitor, investigate and remediate static data changes in the Reference Portfolio and monitor, investigate and remediate missing data
• Booking/flagging of securitised facilities / NPI / portfolio NPI to the extent this work has not been automated
• Modelling and substantiation / reconciliation of Reimbursement Right Asset and Compensation receivable
• ESMA, Investor and Internal reporting and manage Agreed Upon Procedures with Accountant, e.g. KPMG
• Prepare the quarterly guarantee fee files for WPM-E approval
• Non-payment Insurance, monitor credit memo / applications raised against facilities benefiting from NPI and monitor facility-level information from facility agent and maintain data room with insurance broker
• Reconciliation of NPI premium and review transfer and confidentiality restrictions
• Modelling and substantiation / reconciliation of Reimbursement Right Asset and Compensation receivable and manage claim process for defaults in loans secured by NPI
• Secondary loan sales, set up and maintain data rooms, agree NDAs, review loan transfer and confidentiality restrictions and assist with closing and settlement tasks

To be successful in this role you should meet the following requirements:

• Understanding of banking regulations, especially around capital treatments and securitisation regulations
• Understanding of credit risk mitigation techniques (securitisations, credit insurance, credit derivatives) and loan products
• Analytics and data processing experience with excellent problem solving, organisational and analytical skills
• Strong quantitative skills, ability to work on complex excel files and build financial models
• Outstanding written / verbal communication and presentation skills
• Strong organisational and time management skills and delivery-focused with ability to pay attention to detail and ensure tasks are completed on time and to the required levels of quality

This is a hybrid role based in London.

Continue to grow with our internal opportunities.

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.

Within the workplace you will have access to various employee resource groups which aim to promote and achieve a healthy work / life balance and support our diversity ambitions. HSBC has processes in place to avoid nepotism. This means we will avoid circumstances in which the appearance or possibility of conflicts of interest may exist within the hiring process.

 

 

Being open to different points of view is important for our business and the communities we serve. At HSBC, we’re dedicated to creating diverse and inclusive workplaces - no matter their gender, ethnicity, disability, religion, sexual orientation, or age. We are committed to removing barriers and ensuring careers at HSBC are inclusive and accessible for everyone to be at their best.

 

If you have a need that requires accommodations or changes during the recruitment process, please get in touch with our Recruitment Helpdesk:

Email: [email protected]

Telephone: +44 207 832 8500