Innovation Credit Officer

Job ID: 0000K57G

Location: London, United Kingdom

Area of interest: Commercial Banking

Job type: Permanent - Full Time

Work style: Hybrid Working

Opening date: 02-May-2024

Closing date: 16-May-2024

Job description

HSBC Innovation Banking is the power behind the UK's forward-thinkers, future-makers, and leap-takers, helping them ignite the bold ideas that reshape our world. We offer flexible banking solutions for start-ups, scale-ups, growth businesses, investors and those working towards IPO typically within the technology and life science sectors.

Whether it's comprehensive banking, managing cashflow, plans for buyouts or Strategic Fund Solutions, we power ideas at every stage of their journey. From the first-time founders to the funds that back them, and everything in between. We're proud to accelerate growth for our clients, create meaningful connections and communities, and open a world of global opportunity for entrepreneurs and investors alike.

Here's to never standing still. Come and join us!

The team you'll work with:

HSBC Innovation Banking UK Credit team work very closely with our front-line Relationship teams to support execution of new to bank client and credit solutions, as well as the review of existing loan provisions. With delegated authority to approve debt facilities, this is a highly commercial, forward looking second line risk role that would suit someone with front-line experience in having led execution, and portfolio management of lending to companies within the innovation economy.

The value you'll add:

Reporting into our Head of Credit, you'll enable loan growth within the banking book and help to ensure we maintain good credit quality whilst also supporting the delivery of strategic growth project initiatives across the platform.

What you can expect to be doing:

Credit risk management: This includes, assessing the credit quality and management of assigned loan portfolio, credit oversight of new loan business, credit approvals within delegated authority and sponsorship of credits for approval outside of delegated authority, as well as providing credit underwriting guidance, and collaboration with Relationship Management and Portfolio Management Leadership on broader strategic goals, risk appetite, credit strategy, and credit quality goals.

Review of credit approval memoranda: Assessing and assuring risk ratings are appropriate, accurate and correctly documented with robust and sound rationale before submission.

Meeting with Relationship Management and Portfolio Management to evaluate new loan opportunities and changes to existing loans: This includes, conducting appropriate levels of due diligence to assess the commercial viability of the loan, through qualitative and quantitative analysis to decide if risk is acceptable and identify areas for additional due diligence.

Quarterly portfolio reviews with each assigned team: Review every loan relationship in your assigned portfolios, with emphasis on risk rating, trends, and compliance with loan covenants and reporting requirements.

Identify areas of weakness in the portfolio and provide guidance as to their remediation. Work closely with lending to ensure that portfolio management disciplines/practices are consistently applied.

Requirements

Front-line experience in deal execution and portfolio management of lending facilities to innovation companies, ideally VC-backed innovation companies.

Thorough knowledge and application of credit policies, risk ratings and aspects of loan documentation, including the ability to assess and challenge creative debt solutions to client needs.

Proven Credit risk portfolio management expertise, while exercising proper judgment.

Proven ability to lead due diligence, structuring, underwriting and documentation processes independently for all types of debt transactions.

Extensive experience of managing multiple deal processes at the same time.

Able to manage multiple stakeholders, including senior management, multiple Credit Solutions teams, Investor Coverage and multiple RM.

Experience of mentoring/ developing junior team members

Where you'll be based:

Our home office in Finsbury Square, London. We offer hybrid working to all of our employees, so you can flex between home and the office.

Equal Employment Opportunity:

HSBC Innovation Banking is an equal opportunities employer. We support inclusive practices within our assessment process. If you need any specific support or adjustments, please highlight to your Recruiter or via your application