Job description

Our Institutional Client Group (ICG) Credit Analyst will be responsible for composing, reviewing and recommending credit reviews for fund managers (primarily private equity fund managers, traditional fund managers, private equity funds) related to debt refinancing, acquisitions, and general corporate purposes. This involves performing financial statement analysis and assessing the ability of the fund manager’s free cash flow to repay debt. The Credit Analyst will also be responsible for performing credit analysis on fund vehicles which are more complex, highly levered, or less liquid. Evaluation of risk factors for such fund vehicles will require the analyst to participate in client due diligence calls for new-to-bank relationships and existing relationships on a case-by-case basis. Ongoing credit analysis of the portfolio will include monitoring performance, recommending appropriate credit risk ratings, and keeping abreast of industry trends.

About Us

ICG seeks to secure sound, profitable and durable business for the Global Banking and Markets division from alternative and traditional fund managers, while ensuring that the credit policy, objectives and priorities of HSBC are fully met within the alternative funds space.

Required Skills

Here's what you might expect on a typical day:

• Recommend credit limits in partnership with Relationship Managers based on the bank’s risk appetite and the client’s credit risk profile

• Demonstrate your strong understanding of loan and Markets products and associated risks and mitigants while working closely with internal stakeholders: Business, Product Specialists, Wholesale Credit & Market Risk (WMR), Client Management and Documentation Negotiators

• Conduct periodic interim reviews and maintain clear and updated documentation in all credit files including financial statements, financial spreading, credit applications, validation records, internal and external correspondence

• Ensure appropriate documenting of all legal, compliance and credit risks per guidelines and approvals

• Review and assess a client’s credit risk rating, or as driven by special events, based on internal and external ratings and analytical tools

• Report significant business events, financial trends, industry developments and other relevant issues relating to the financial position of clients

• Use initiative and independent judgment in analyzing information and making recommendations to WMR which are strongly and clearly supported in credit write-ups, and to defend verbal challenges from Credit Risk approvers.

• Be accountable for providing a very visible point of contact for the Relationship Managers and client in terms of Funds renewals/new client credit requests. For the portfolio of alternative funds being managed, the analyst will own the processes related to credit limit renewal/new onboarding activity and be responsible for meeting the reasonable expectations of the business in regards to such activities.

• Collaborate with WMR to review credit issues pertaining to their portfolio.

• Ensure the most effective process is being used to support the requirements of the business and to meet the required controls, identify issues and gaps.

• Adhere strictly to compliance and operational risk controls in accordance with HSBC and regulatory standards, policies and practices; report control weaknesses, compliance breaches and operational loss events.

• Apply compliance, operational risk controls in accordance with HSBC or regulatory standards and policies; and optimize relations with regulators by addressing any issues.

• Maintains HSBC internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators.

Requirements

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

• 3-5 years of relevant experience in corporate credit analysis or financial statement analysis in other related sectors.

• Bachelor’s degree in Finance or a related business or quantitative discipline.

• Experience in the credit analysis of private equity funds, hedge funds, and/or traditional funds or other institutional investors is preferred but not required if the candidate has a strong background in corporate credit analysis.

• Strong understanding of loan products, including leveraged lending.

• Solid foundation of Markets products is a plus (understanding of financial markets and negative factors which could impact the fund sector).

• Familiarity with market standard documentation such as Credit Agreements and ISDA/CSAs is a plus.

• Excellent verbal and written communication skills.

• Outstanding analytical and organizational skills.

• A proven ability to create and maintain strong relationships with stakeholers is essential.

• Solid and proven relevant work experience within the banking / financial services industry.

• Demonstrates thorough knowledge and/or a proven record of success in a role within the professional services industry

• Highly proficient in Microsoft Office suite (Excel, Word, PowerPoint); quick learner of data websites and applications

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!

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.

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.

In our world, you’ll build a career unlike any other. With 200,000 employees and 40 million clients across the globe, we give you greater opportunities, clearer purpose and more meaningful growth. You can be different too. Here, everyone belongs. Skills are the priority, not what you’ve studied. Through structured development programs and so much more, even you’ll be surprised to learn whether you thrive more in our digital labs or on a trading floor. Whether you’re an investment banker, relationship manager or researcher, you’ll shape your path and enjoy all the benefits that come with being part of something bigger.