Associate, Middle Office

Some careers have more impact than others.

If you’re looking for a career where you can make a real impression, join HSBC and discover how valued you’ll be.

HSBC is one of the largest banking and financial services organisations in the world, with operations in 62 countries and territories. We aim to be where the growth is, enabling businesses to thrive and economies to prosper, and, ultimately, helping people to fulfil their hopes and realise their ambitions.

We are currently seeking an experienced professional to join our team in the role of Associate, Middle Office.

In this role, you will:

• Monitor, investigate and remediate static data changes in the Reference Portfolio and monitor, investigate and remediate missing data in the Reference Portfolio.
• Propose replenishment of reference portfolio. 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 reporting, Investor reporting, Internal reporting. Coordination of Legal Due Diligence.
• Manage agreed Upon Procedures with Accountant (e.g. KPMG who independently verifies the data used for securitisation with source data from HSBC system output or facility agreements.
• Calculate quarterly investor guarantee fees, including collateral interest and operational expenses, in line with contractual obligations.
• Managing claim process for defaults in the reference portfolio of securitisation transactions. Handle and respond to investor inquiries on all aspects of the CLO structure and performance. Documentation review ahead of policy signing.

• Responsible of the NPI lifecycle management (transaction monitoring and insurance Premium settlements, reconciliations & controls). Monitor facility-level information from facility agent and maintain data room with insurance broker
• Modelling and substantiation/reconciliation of Reimbursement Right Asset and Compensation receivable. Managing claim process for defaults in loans secured by NPI

• Documentation review ahead of participation agreement signing. Responsible of the sub-participation lifecycle management (transaction monitoring, reconciliations & controls). Managing claim process for defaulted in loans secured by sub-participation agreement. Set up and maintain data rooms. Agree NDAs. Review loan transfer and confidentiality restrictions. Assist with closing and settlement tasks.

To be successful you will:

• A solid understanding of banking regulations, especially around capital treatments and securitisation regulations.
• Knowledge around credit risk mitigation techniques (securitisations, credit insurance, credit derivatives) and loan products.
• Banking/Structured Finance, Markets background or Credit Portfolio Management experience.
• Strong quantitative skills, ability to work on complex excel files and build financial models.
• Knowledge of any programming language is desirable (e.g. Python, SQL or Power Apps).
• Strong interpersonal skills and able to build and maintain global relationships.
• Delivery-focused with ability to pay attention to detail and ensure tasks are completed on time and to the required levels of quality.

You’ll achieve more at HSBC

www.hsbc.com/careers

HSBC is an equal opportunity employer 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. We encourage applications from all suitably qualified persons irrespective of, but not limited to, their gender or genetic information, sexual orientation, ethnicity, religion, social status, medical care leave requirements, political affiliation, people with disabilities, color, national origin, veteran status, etc., We consider all applications based on merit and suitability to the role.”

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