Senior Loan Trading Associate
Apply NowCompany: HSBC
Location: Jersey City, NJ 07305
Description:
Our purpose - Opening up a world of opportunity - explains why we exist. Here at HSBC we use our unique expertise, capabilities, breadth and perspectives to open up new kinds of opportunity for our more than 40 million customers. We're bringing 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.
The Senior Analyst will be part of a Loan Administration and Trading Team. The position requires adherence to strict deadlines, from transaction processing that result in funds movement, external and internal Client queries, Trade settlement and project completion. Senior Analyst must be an expert to advanced user of Loan IQ system and Clear Par. Seeking an experienced individual in Deal closing, Loan Servicing, Primary, Secondary and 3rd Party Trading. Individual is required to understand and work in accordance with internal procedures and facility-specific documentation. Analyst must be able to read and interpret loan documentation.
As our Senior Loan Trading Associate you will:
For this role, HSBC targets a pay range between $90,000.00 and $125,000.00
The final fixed pay offer will depend on the candidate and a number of variables, including but not limited to, role responsibilities, skill set, depth of experience and education, licensing/certification requirements, internal relativity, and specific work location.
At HSBC, our overall goal is to provide a competitive Total Reward Package, with an appropriate mix of fixed pay, and variable pay, as part of an employee's overall total compensation and benefits. Variable pay generally takes the form of discretionary, annual awards (sometimes referred to as a "bonus"). Additionally, HSBC offers a wide range of competitive and flexible benefits designed to help you improve your health and well-being, finances, and lifestyle.
Requirements
You'll likely have the following qualifications to succeed in this role:
In compliance with applicable laws, HSBC is committed to employing only those who are authorized to work in the U.S. Applicants must be legally authorized to work in the U.S. as HSBC will not engage in immigration sponsorship for this position.
As an HSBC employee, you will have access to tailored professional development opportunities to ensure you have the right skills for today and tomorrow. We offer a competitive pay and benefits package including a robust Wellness Hub, all in a welcoming, diverse and inclusive work environment. You will be empowered to drive HSBC's engagement with the communities we serve through an industry-leading volunteerism policy, a generous matching gift program, and a comprehensive program of immersive Sustainability and Climate Change Initiatives. You'll want to join our Employee Resource Groups as they play a central part in life at HSBC, including the development of our employees and networking inside and outside of HSBC. We value difference. We succeed together. We take responsibility. We get it done. And we want you to help us build the bank of the future!
All qualified applicants will receive consideration for employment without regard to age, ancestry, color, race, national origin, ethnicity, disability or medical condition, genetic information, military or veteran service, religion, creed, sex, gender, pregnancy, childbirth, caregiver status, marital status, citizenship or immigration status, sexual orientation, gender identity or expression or any other trait protected by applicable law.
The Senior Analyst will be part of a Loan Administration and Trading Team. The position requires adherence to strict deadlines, from transaction processing that result in funds movement, external and internal Client queries, Trade settlement and project completion. Senior Analyst must be an expert to advanced user of Loan IQ system and Clear Par. Seeking an experienced individual in Deal closing, Loan Servicing, Primary, Secondary and 3rd Party Trading. Individual is required to understand and work in accordance with internal procedures and facility-specific documentation. Analyst must be able to read and interpret loan documentation.
As our Senior Loan Trading Associate you will:
- Coordinate with various business lines to record primary and secondary loan trading activities in both Loan IQ and Clear Par settlements platform
- Manage closing and settlement of both PAR and Distress loan trades
- Review Trade Confirmation and assignment agreements in a timely and accurate manner
- Prepare and coordinate transfer documents and funding memos capturing correct trade economics
- Ability to review, analyze and understand underlying credit agreements
- Assess complex loan restructuring and coordinate trade capture in both Loan IQ and Clear Par
- Responsible for analyzing loan agreements and related documentation as relates to transaction processing and trade capture and settlement
- Monitor tax expirations and request expiring tax forms to ensure timely validation
- Perform loan servicing for different types of loans, which includes HSBC Led syndicated, Bi-Lateral and participated loans
- Review and drive break resolution identified in reconciliations, either for daily or month-end reporting purposes
For this role, HSBC targets a pay range between $90,000.00 and $125,000.00
The final fixed pay offer will depend on the candidate and a number of variables, including but not limited to, role responsibilities, skill set, depth of experience and education, licensing/certification requirements, internal relativity, and specific work location.
At HSBC, our overall goal is to provide a competitive Total Reward Package, with an appropriate mix of fixed pay, and variable pay, as part of an employee's overall total compensation and benefits. Variable pay generally takes the form of discretionary, annual awards (sometimes referred to as a "bonus"). Additionally, HSBC offers a wide range of competitive and flexible benefits designed to help you improve your health and well-being, finances, and lifestyle.
Requirements
You'll likely have the following qualifications to succeed in this role:
- Advanced knowledge of Markit/Clear Par platforms and trade settlement mechanics (delayed compensation); familiarity with LSTA and LMA standards and practices
- Proficient in LIQ usage, including building and amending existing deal structures, and loan administration
- Excellent written and verbal communication
- trong process and operational risk understanding
- Advanced Excel knowledge
- 5+ years in loans Syndication and Trading and servicing of Leverage and Distress loans
- Bachelor's degree with concentration in Finance and or Accounting
In compliance with applicable laws, HSBC is committed to employing only those who are authorized to work in the U.S. Applicants must be legally authorized to work in the U.S. as HSBC will not engage in immigration sponsorship for this position.
As an HSBC employee, you will have access to tailored professional development opportunities to ensure you have the right skills for today and tomorrow. We offer a competitive pay and benefits package including a robust Wellness Hub, all in a welcoming, diverse and inclusive work environment. You will be empowered to drive HSBC's engagement with the communities we serve through an industry-leading volunteerism policy, a generous matching gift program, and a comprehensive program of immersive Sustainability and Climate Change Initiatives. You'll want to join our Employee Resource Groups as they play a central part in life at HSBC, including the development of our employees and networking inside and outside of HSBC. We value difference. We succeed together. We take responsibility. We get it done. And we want you to help us build the bank of the future!
All qualified applicants will receive consideration for employment without regard to age, ancestry, color, race, national origin, ethnicity, disability or medical condition, genetic information, military or veteran service, religion, creed, sex, gender, pregnancy, childbirth, caregiver status, marital status, citizenship or immigration status, sexual orientation, gender identity or expression or any other trait protected by applicable law.