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Senior Manager, Corporate Credit Risk, UAE and Lead Structured and Specialised corporate lending

United Arab Emirates

Job description

Some careers open more doors than others.
If you’re looking for a career that will unlock new opportunities, join HSBC and experience the possibilities.

Global Risk is a thriving and expert risk management function supporting HSBC globally with all aspects of risk management. The team actively manages a varied and dynamic range of risk types, including security, fraud, information security, contingency, geopolitical, operational, credit, pension, insurance, financial crime and regulatory compliance, market, and reputation risks. All parts of the Global Risk team use their skills, insight, and integrity to handle established threats and those they see emerging, acting to protect and enable HSBC to deliver sustainable growth.

Role Overview:
This role will potentially be the most technical role in the MENAT Corporate Credit Risk team as it will be the key lead for structure trade and specialised lending such as Innovation Banking. In addition to strong technical/product understanding and credit underwriting skills, the incumbent will need to be agile and open to new products, sectors, etc. This role will require very close partnership with Business and Product teams to define and flex risk appetite.
Accountable for Wholesale Credit Risk (WCR) covering assigned UAE Corporates portfolio including Credit Underwriting by taking credit decisions that are aligned with internal and external Guidelines.
The incumbent will also be the primary lead for specialised lending such as Venture Debt, Project Finance, leveraged finance, Strategic Equity Finance , structured trade lending such as Pre Export Finance, Limited Recourse Receivable Finance

Duties & Responsibilities:

Impact on the Business

Credit Underwriting – personally exercise delegated lending authority and take credit decisions that ensure well balanced Risk/Reward and are aligned to our Risk Appetite.
Portfolio risk management – Manage overall asset quality of assigned portfolio by identifying trends and initiating risk mitigation measures, tracking High Risk Problem Exposures, challenging Worry/Watch/Monitor accounts, managing Non-Performing Accounts (NPAs) and ensuring timely impairments.
Horizon scanning – analyse key sectors and track market development to remain informed of emerging trends and how they may impact our portfolio.
Act as the Lead and key contact point for discussions on new products or changes to existing products, working closely with Group WCR, Products and Policy teams.
Proactively coordinate with frontline teams and WCR colleagues in other Regions in adoption of best lending practice pertaining to Specialised Lending and ensuring MENAT policy and process are aligned to Group.

Customers / Stakeholders

Meet key UAE clients and actively participate in key UAE clients’ Account Planning with GRB.
Provide effective challenges and early-stage guidance to FLOD in complex transactions in a timely, open-minded and decisive manner.
Cultivate external network to remain up to date on latest sector trends, innovation, products, etc.
Establish and maintain strong rapport with Business.

Leadership & Teamwork

Work effectively and collaboratively with Business, regional Risk teams and other cross functional regional teams.
Provide guidance and act as ‘buddy’ to CoE desk officer designated to the incumbent’s portfolio.
Ensure MENAT WCR team remains up to date on key sector, product trends.

Operational Effectiveness & Control

Sceptically review credit processes and ensure these are simple and streamlined.
Provide guidance and input for all wholesale credit risk matters across policy, oversight, risk stewardship, models, initiatives, etc.
Keep the customer at the heart of all decisions, deliver fair outcomes for our customers and ensure own conduct maintains the orderly and transparent operation of financial markets.

Requirements

Experience & Qualifications:

Graduate preferably with additional qualifications such as MBA / ACA / CFA / ACIB.
Minimum 5 years corporate lending experience, as a Senior Credit Officer and/or Corporate Banking Relationship Manager, preferably across multiple geographies.
Fully conversant with corporate lending products including complex transactions, project & export finance, structured trade finance, asset backed lending, and debt capital markets.
Technical skills: proven financial analysis skills, interpreting balance sheet and P&L, stress-testing cashflows, etc.
Ability to understand, consolidate and apply critical thinking to complex business information in order to identify and mitigate risks.
Ability to cultivate strong relationships with Business, at all levels, as well as various Partners including Legal, Products, Group.
Ability to handle and present challenging proposals to senior management in a clear and succinct manner.
Experience in and understanding of the UAE market will be an advantage, as well as experience in Products teams.
Aside from technical skills and experience, the jobholder will be self-driven & curious, commercial, comfortable in handling difficult conversations but also in taking pragmatic decisions.
Graduation degree is REQUIRED– to secure a UAE Visa and Work Permit

For further details and application information please visit our careers site, searching under reference number (ID: 0000LNXV).

We support our staff to adopt flexible and alternative ways of working where possible, including working from home and different hours subject to approvals.

HSBC is 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. 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.

Issued by The Hong Kong and Shanghai Banking Corporation Limited.

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