Senior Manager, Financial Institutions Credit Risk

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At HSBC we exist with the purpose of Opening up a World of Opportunity. We use our unique expertise, capabilities, breadth and perspectives to provide opportunities for our customers and colleagues through global connectivity. We bring together the people, ideas and capital that nurture progress and growth, helping to create a better world – for our customers, our people, our investors, our communities and the planet we all share.

As an HSBC employee in Australia, you’ll have access to tailored professional development opportunities, competitive pay, an embedded flexible working culture and a range of employee benefits. These include market-leading subsidised private health cover, enhanced parental pay and support when returning to work, bonus leave days and wellness programmes including discounted gym memberships.

Global Risk & Compliance is a specialist and expert risk management function supporting HSBC across all aspects of risk management and compliance. The team manages a varied and dynamic range of risk types, including operational, credit, compliance, regulatory, market and reputational risks. Our people use their skills, insight and integrity to manage established and emerging risks, helping HSBC deliver sustainable growth.

We’re currently seeking a qualified individual to join the Wholesale Credit Risk team in Sydney as Senior Manager, Financial Institutions Credit Risk. Reporting to the Head of Approvals, with a functional reporting line to the Head of Wholesale Credit Risk Management Australia & New Zealand, you’ll assess and make decisions on credit proposals for counterparties within the Institutional Credit Group. This includes banks, funds, non-bank financial institutions, sovereigns and Structured Finance transactions. You’ll provide independent, commercially focused credit advice within delegated Credit Approval Authority, helping HSBC maintain sound asset quality, minimise credit losses and support the strategic growth of the ICG and Structured Finance businesses within approved risk appetite.

This role has no direct or indirect reports.

Key responsibilities will include:

- Assess and approve credit proposals for banks, funds, non-bank financial institutions, sovereigns and Structured Finance transactions within delegated Credit Approval Authority.
- Review and make decisions on annual reviews, new-money requests, amendments and other credit matters.
- Provide independent credit guidance at both transaction and portfolio level, supporting the development and maintenance of appropriate credit appetite.
- Assess the creditworthiness, transaction structure, risk mitigants and portfolio implications of institutional and Structured Finance exposures.
- Deliver high-quality financial analysis, risk assessments and concise recommendations to support consistent Customer Risk Rating assessments and well-informed decisions.
- Provide early, constructive credit advice on large, complex and strategically important transactions.
- Support the strategic growth of the Structured Finance business through timely, independent and commercially focused credit decisions.
- Identify, monitor and escalate credit concerns promptly and appropriately, including concerns requiring referral to the Special Credit Unit.
- Contribute to credit risk governance forums, sector reviews, Worry Watch Monitor activities and portfolio management information.
- Partner with senior stakeholders across CIB, the Institutional Credit Group, Structured Finance, Product Management and regional and local Risk functions.
- Balance customer and business needs with prudent credit risk management, sustainable growth and economic-profit objectives.
- Ensure credit decisions, approval conditions, monitoring requirements and related documentation are clear, accurate and completed within service-level commitments.
- Comply with HSBC’s credit risk management framework, internal policies, procedures, control standards and applicable regulatory requirements.
- Support operational risk management and the implementation of audit and regulatory recommendations.
- Share expertise and provide coaching, mentoring and support to Risk colleagues to promote consistent credit standards across the organisation.

To be successful in the role you will need:

- Significant experience in financial institutions credit risk, wholesale credit risk or a closely related discipline, including assessment and approval of complex and material exposures.
- Strong technical capability in financial analysis, cash-flow assessment, credit structuring, risk grading and portfolio risk management.
- Demonstrated experience covering one or more of the following: banks, funds, non-bank financial institutions, sovereigns and Structured Finance.
- Strong understanding of complex and higher-value transactions, including structured finance, leveraged finance, project finance, commercial real estate or similar areas.
- Proven ability to assess counterparties, transaction structures, risk mitigants and portfolio implications.
- Sound commercial judgement and the ability to make independent, timely credit decisions within delegated authority and service-level requirements.
- Detailed knowledge of credit risk governance, internal policies, control frameworks and regulatory expectations.
- A strong focus on asset quality, loss prevention, appropriate escalation and maintaining a conservative credit culture.
- Current understanding of macroeconomic and financial-market developments, and their impact on country, sector, counterparty and product risk.
- Excellent stakeholder management and communication skills, with the ability to influence senior business and Risk leaders while maintaining independent credit judgement.
- A collaborative leadership style, with the ability to coach, mentor and share subject-matter expertise with colleagues.
- A university degree or equivalent qualification.

Candidates will be considered only if they have Australian or New Zealand Permanent Residency/Citizenship or who currently have unrestricted work rights in Australia with no limitations.

We value different perspectives, we succeed together, collaborating across boundaries, we take responsibility, holding ourselves accountable to get things done. Through these values, HSBC is committed to building a culture where all employees are appreciated and respected and where opinions count. We take pride in providing a workplace that fosters continuous professional development, flexible working and opportunities to grow in an inclusive environment. Applications from First Nations peoples are encouraged.

Learn more about careers at HSBC Australia –  https://www.hsbc.com/careers/where-we-hire/australia

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