Associate Credit Portfolio Manager

Recruiter
HSBC
Location
London, United Kingdom
Salary
101k
Posted
15 Nov 2022
Closes
15 Dec 2022
Ref
17327944
Job Function
Accounting/Audit/Tax
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors
Job Title: Associate, Credit Portfolio Manager

Department: Wholesale Portfolio Management Execution
Location: London, Hybrid working

9 Contract - Likely Extensions

£385/ Day PAYE, £499.86 Umbrella

Purpose of Department

Wholesale Portfolio Management (WPM) is a part of Global Banking & Markets (GBM) and is responsible for the active portfolio management of the wholesale credit portfolio globally. WPM Execution within WPM is responsible for distributing credit risk on the wholesale portfolio using instruments such as credit default swap, insurance, index options and securitisation. The team works directly with balance sheet owners, corporate bankers, wholesale credit risk management and interact regularly with a wide range of support functions.

Job Description
  • The role sits within Wholesale Portfolio Management Execution and provides support to the management of existing significant risk transfer synthetic securitisation transactions.
  • Monitor and investigate changes in the portfolio of loans referenced in the transactions
  • Manage the reduction, removal and replenishment of the portfolio, in line with transaction terms
  • Carry out eligibility checks on each loan to determine whether the loan is fit to be included in the transactions
  • Present portfolio changes in monthly transaction oversight committee
  • Report the transactions to investors, regulators and internal stakeholders
  • Deal with external audit requirements related to the transactions
  • Perform detailed analysis on loan portfolio by gathering, cleansing and remediating data issues
  • Document and enhance the management tool, process and controls

Skills/Experience required
  • Proficiency in MS Excel and competency in MS Access, MS PowerPoint, MS Word
  • Strong communications and problem-solving skills
  • Proactive in investigating and resolving issues
  • Proactively look for ways to improve processes/systems and close control gaps
  • Understanding of lending products, CDS and securitisation is preferable
  • Working knowledge of Risk Weighted Assets calculations for wholesale exposure is desirable