JD

Job Title
Manager Special Credits
Department
HBUS Special Credits Unit
Location
Kolkata /Hyderabad
Business Partner: HSBC US Special Credits Unit [HBUS SCU]
Purpose of Department The primary function of HBUS Special Credits Unit (SCU) is to manage
classified credits (substandard or worse) and bring them to the best resolution for the Bank. SCU
professionals specialize in dealing with problematic credit relationships to rehabilitate and return
them to frontline Business Units within a reasonable period of time. If such an avenue is not
available / feasible, then exiting the credit becomes the primary option. The inflow of credits into
SCU are usually consequential on deterioration in Credit Ratings / Facility Grade or other
compelling business reasons indicative of a potential deterioration in credit quality. Besides active
account management, SCU also co-manages or shadows credits, on a case to case basis, with
potential / emerging concerns to provide pro-active inputs to the frontline Business Units to manage
the relationship.
WMR & Role Background: HBUS SCU is one of the teams within Wholesale and Market Risk
[WMR]. Group WMR reports directly to the Group CRO and is responsible for the approvals,
policies, portfolio management and reporting on the Groups Wholesale and Market Risk
exposures. Group WMR also works with Regional WMR functions across Global Risk to ensure
functional consistency and delivery across all group offices. The existing Offshore HBUS SCU
Offshore team handles relatively smaller value advances [up to US $ 1 mil]. The proposed
expansion will progressively enhance ambit to larger value advances [US $ 5 mil to $ 100 mil],
obviously with significantly enhanced complexities.
Job Description
HBUS SCU Officers based in WMR Offshore will have the following broad responsibilities
A)
Portfolio Co-management:
1. Co-manage criticized/classified or exit loan relationships within the portfolio alongside
On-shore Senior SCU Managers. Deal sizes may vary from US $ 5 mil to $ 100 mil,
catering primarily to the Mid Market, Large Corporate, Commercial Real Estate and Asset
Based Lending segments and include derivative products and settlement limits. Duties
include credit analysis, risk assessment, day to day co-management, loss estimation, and
resolution of distressed commercial and real estate loans within a time frame of 36
months or less.
2. Develop and implement appropriate strategies to rehabilitate or exit relationships.
3. Shadow co-managed criticized credits that have received approval to stay with the
business segment line area. This may include participation in customer contact, risk
rating determination and collateral coverage estimates. Provide support in risk
assessment and develop appropriate strategies for rehabilitation or exit of relationship.
4. Offshore SCU Officers would be expected to work alongside the on-shore team, sharing
responsibilities. They will be expected to actively participate in calls with the Onshore
Relationship Manager where Bank Counsel, Customer, Customer Counsel, Lending
group representatives and Attorneys of the lending groups could also participate.
B)

Project Participation co-manage or support as designated on behalf of WMR

PUBLIC

JD

1) Ongoing, sustained projects:

CARM Support CARM Helpline, trouble-shooting, new version beta testing

SCU consultations with Business Banking assist in risk assessment and support in
determining if transfer of relationship to SCU is appropriate

Default Data analysis and input project

Loss Given Default (LGD) Verification (RIP Project)

Leverage Lending analysis project

Abundance of Caution real property collateral analysis project

Enterprise Valuation analysis project

Other projects as requested by HBUS or Group WMR

2) Ad hoc, Risk Analysis and Regulatory Information Systems projects:

LGD regulatory look back project (LGD Model Validation)

Regulation W

Default database

Lessons Learned analysis of causes of selected loan defaults

HBUS Regulatory Compliance Review

3) Other: Quarterly review functions

Preparation, review and presentation of necessary credits / owned real estate (ORE) for
credit grades, strategies and credit actions

Troubled debt restructure (TDR) analysis

FAS-114 impairment reserve analysis; self review assignments

C)
Other areas
Maintain effective working relationships with on shore stake by delivering value added service,
collaborative engagement and establish rapport and credibility.
Implement operating procedures in line with the policy and procedures determined by HBUS
SCU and ensure strict adherence to HSBC Group compliance and operational risk controls and
regulatory standards, policies and practices; report control weaknesses, compliance breaches
and operational loss events.
Ensure quality of work, adherence to workflow TATs and submission of MIS
Drive / assist recruitment, training and mentoring of the HBUS SCU team
Drive a high performance culture with high engagement levels and ensure business continuity
and stability
Participate in WMR Offshore & local GSC management activities

Skills/Experience Required

PUBLIC

JD

Academics Graduate degree in commerce/ economics/ management/ engineering.

Preference will be given to candidates holding MBA-Finance or equivalent/ CA/ ICWA/ CS/
CAIIB.
Individuals with 7+ years of relevant experience in Corporate / SME Credit involving
commercial credit risk, lending or credit analysis, loan review, loan workout, NPA
management, etc., in a reputed Bank/ Financial Institution.
In-depth understanding of accounting, financial analysis, credit products i.e. all fund & non
fund based credit products viz. term loans, OD/CC, LC/BG, bill discounting, factoring, forex
loans.
Good knowledge of International Trade Financing, treasury / derivative products will be an
added advantage.
Strong team player able to work cooperatively with existing SCU RMs and SCU/WMR
Management
Ability to analyse loan documentation including syndicated credit agreements, analyse
complex corporate financial statements as well as personal net worth statements
Ability to negotiate loan terms both directly with borrowers and work with large loan bank
groups
Ability to work with outside legal counsel in litigation matters and loan and credit agreement
amendments, interface professionally and support third party vendors, handle loan sales and
to manage other real estate owned property (ORE)
Working knowledge of internal loan systems and loan approval system
Understand the basics of US bankruptcy and bankruptcy law
Comprehensive knowledge of bank loan policies and collateral/security lien procedures.
Ability to be flexible and adjust to the demands of information project requirements driven by
senior management and regulators
Excellent written and verbal communication skills
Strong analytical skills with ability to quickly interpret data & facts to arrive at meaningful
conclusions and assess the business / financial prospects of the borrowers
Ability to assimilate a large amount of information and make effective judgmental
decisions on a wide range of issues
Ability to work on flexible timings, including the night shift (if required)
A strong desire to achieve outstanding customer service, show attention to detail and
committed to producing work of the highest quality.
Resilience under pressure and able to work efficiently in order to meet aggressive deadlines.

Additional Information / Specific Skills (If Any):

The complexity of analysis, decision making, strategy formulation and stake holder management
requirements for the role is very high. Sharp analytical thinking, sound credit judgement /
evaluation skills and excellent negotiation skills are necessary.

Candidates must have a valid passport and be willing to travel overseas for extended periods of
time as per business requirement.

PUBLIC