Loan Agency Associate

Job description

Loan Administration Associate

Some careers are more impactful than others.

If you're looking for a career where you will be respected as an individual and valued for the contributions you make, join HSBC and discover how diversity drives our success. Whether you want a career that could take you to the top, or simply take you in an exciting new direction, HSBC offers opportunities, support and rewards that will take you further.

HSBC Commercial Banking serves millions of businesses ranging from small, to large corporates, providing commercial customers with a full range of banking services including Global Trade and Receivables Finance, RMB solutions, multi-currency business accounts, payments and cash management, and wealth management and insurance, as well as a comprehensive range of financing solutions. With dedicated Relationship Managers and Product Specialists providing local support and advice in over 60 countries and territories, HSBC helps connect customers to opportunities.

As an HSBC employee in the UK, you will have access to tailored professional development opportunities and a competitive pay and benefits package. This includes private healthcare for all UK-based employees, enhanced maternity and adoption pay and support when you return to work, and a contributory pension scheme with a generous employer contribution.

Role Purpose:

The job holder will be responsible for carrying out a host of daily operational and oversight activities in relation to a book of syndicated loans in our role as Facility Agent. Including all operational processing, effective handling of process related queries and acting as an escalation point on operational aspects for our City Offices as well as for Global & Commercial Banking Relationship Mangers/ Client Service Managers / Finance and Origination Teams. To continuously provide high quality client service to achieve maximum customer satisfaction ensuring we place the client at the heart of everything we do which embraces our client centric culture. Ensure effective and regular dialogue is in place with our operational teams in City Offices ensuring constant collaboration, sharing of updates and best practices to ensure consistency in performance. Responsible for reviewing procedures and related MI with the ability to interpret the information so effective analysis can be performed. To maintain HSBC internal control standards, including the timely implementation of any internal and external audit points.

Your responsibilities will include:

• Review of the documentation from an operational perspective
• Manage Deal and Facility setup in Loan IQ
• Coordination with the Client Service and Transaction Manager on the operational aspects of the closing process (initial drawdown / fees, conditions precedent etc)
• Coordination with operational City Sites for static data set up including SSI's and Call Back.
• Coordination with City Site ops team to ensure key static has been set up in a timely manner.
• Perform Quality Assurance function on new deal set up and amendments.
• Review of the documentation from an operational perspective.
• Set up Deal in Loan IQ for new transactions and complex amendments based on the facility agreement.
• Co-ordinate and process Leverage / Par trading with syndications and trade queries / settlements
• Checking secondary Loan/Claim documents and settlement of trades.
• Managing & maintaining Ancillary carves outs and movements.
• Prepare and manage drawdown, rollover, margin adjustment, repricing prepayments and
• repayments on complex transactions.
• Checking and Releasing Cash flows
• Reconciliations and Investigations
• Margin changes (Maintaining ratios, Covenants)
• Fee settlement & Billing (Commitment, Utilisation, SBLC, Waiver, Agency & Upfront)Strong understanding of and adherence to all regulatory requirements (DFA / EMIR / FATCA / MiFID etc)
• Establish and support strong relationships with key individuals in the client's management team

Requirements

To be successful in this role you should meet the following requirements:

• Hold a sound knowledge of Loan IQ & a good understanding of the Syndicated Loan product and market
• Strong communication skills to deal with internal and external clients both written and verbally
• Strong organisational skills and the ability to prioritise work, to ensure transaction deadlines are achieved
• Pro-active problem solving attitude
• Experience of primary syndication and/or secondary trading is desired
• Able to deliver high accuracy and volume of work to excellent standards under pressure
• Experience across more complex loans books such and Commercial Real Estate, Leverage and Acquisition Finance, Export Credit Agency, Aircraft/Shipping and Project Finance desirable, but not critical.
• Strong understanding of operational risk
• Client focused, with a proven record of commitment to excellent customer service.

The base location for this role will be 8 Canada Square, London with hybrid working

You'll achieve more when you join HSBC.

As an HSBC employee in the UK, you will have access to tailored professional development opportunities and a competitive pay and benefits package. This includes private healthcare for all UK-based employees, enhanced maternity and adoption pay and support when you return to work, and a contributory pension scheme with a generous employer contribution.

At HSBC we look to enable our employees to better balance their work / life priorities and have the flexibility required to meet challenging needs as they progress through different life stages. Where possible we will consider the following flexible working options: part-time working, job sharing, term-time working, and working from home and staggered hours.

If in considering a role with HSBC, you have a need for some flexibility in your working arrangements please discuss this with the recruitment team in the early stages of the application process.

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.

As a business operating in markets all around the world, we believe diversity brings benefits for our customers, our business and our people. This is why HSBC is committed to being an inclusive employer and encourages applications from all suitably qualified applicants irrespective of ethnicity, religion, age, physical or mental disability/long term health condition, marital status, sexual orientation, gender identity, gender expression, genetic information (including characteristics and testing), military and veteran status, and any other characteristic protected by local law in the jurisdictions in which we operate. Within the work place you will have access to various employee resource groups which aim to promote and achieve a healthy work / life balance and support our diversity ambitions. HSBC has in place processes in order to avoid nepotism, which means to avoid creating circumstances in which the appearance or possibility of conflicts of interest may exist within the hiring process.

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