The role provides underwriting, lending services and credit management for two RBWM Businesses - Retail Business Banking and Securtities Based Lending. The Business Banking and Wealth Underwriter is to review retail credit applications for a variety of credit products, and transactions across all client & business types within a delegated credit authority.
Impact on Business:
Review and analyze applications for Small Business credit offerings (currently up to $500,000) and Securities Based Lending (currently up to $4,000,000)
Follow credit process and procedure related to the underwriting, reporting, issue resolution, collateral monitoring and credit renewals
Assist client management teams as appropriate to meet customer need
Strict adherence to RBWM Credit Policy
Provide appropriate strategic business ideas based on awareness of market, industry initiatives and customer feedback
Uphold credit policy and lending guidelines whilst maintaining a balanced approach to risk management
Monitor facility activity to ensure usage and conditions comply with credit approvals and propriety of advances and payments.
Maintain a working understanding and technical knowledge of relevant product offerings, systems and underwriting tools
Deliver fair outcomes for our customers and ensure own conduct maintains the orderly and transparent operation of financial markets
Assist as a SME for projects associated with Retail Business Banking or Wealth Backed Securities which include new initiatives as well as existing businesses.
Customers / Stakeholders:
RBB Operations and Governance
Legal and Compliance
Team Leaders / RBB RM's
Wealth Sales Managers / PWA's
Operational Effectiveness & Control
Ensure all processes and procedures are accurate and in accordance with HSBC Bank policy standards and regulatory requirements.
Adhere to all relevant processes and procedures of the Group Compliance Policy and internal controls.
The jobholder will adhere to and be able to demonstrate adherence to internal controls. This will be achieved by adherence to all relevant procedures, keeping appropriate records and, where appropriate, by the timely implementation of internal and external audit points, including issues raised by external regulators. HSBC expects to be a global leader in this area and therefore every employee will seek to set market-leading standards.
To implement the Group compliance policy locally by containing compliance risk in liaison with the Head of Group Compliance, Global Business Compliance Officer, Area Compliance Officer or Local Compliance Officer, ensuring adequate compliance resources and training, fostering a compliance culture and optimizing relations with regulators
Complete other responsibilities, as assigned.
Internal Number: 749565
HSBC was born from one small idea: a local bank serving international needs. We started our business in Hong Kong in 1865. In 2015, HSBC celebrates its 150th year anniversary. Over the years, HSBC grew through expanding its branch network, offering new products and establishing its own investment banking arm.
We aim to be where the growth is, connecting customers to opportunities, enabling businesses to thrive and economies to prosper, and ultimately helping people fulfill their hopes and realize their ambitions.
• Located in 72 countries and territories
• Serving around 48 million customers
• Supported by over 268,000* people
• Head office in US is New York City
We aim to be dependable, open and connected in everything we do. We want to ensure that our employees feel able to stand up for what is right, highlight potential risks and act with integrity, even when faced with pressure to act otherwise. By doing so, we will be able to meet expectations of society, customers, regulators and investors. To make sure everybody at HSBC lives up to these values, they are a part of everyone's annual performance review.
At HSBC, you will find that we are dependable, o...pen to different ideas and cultures, and connected to customers, communities, regulators and each other. Our culture has a family feel to it – our employees are encouraged to work together to reach a common goal. This idea is supported and encouraged at the leadership level and passed down.
Our size and global reach mean more opportunities for you to grow your career with us.
We are looking for forward-thinking, driven, perceptive candidates to help our customers realise their hopes, dreams and ambitions.
This means people who are dependable, open to different ideas and cultures, and enjoy being part of a team; people who have the potential to become the future leaders of HSBC.
We encourage you to drive your own development and build your network within your office and around the world.
We provide the opportunities for you to connect with customers, colleagues and the communities in which we operate.