Senior Associate - Leveraged Finance

Who is HSBC Innovation Banking?  

HSBC Innovation Banking is the power behind the UK’s forward-thinkers, future-makers, and leap-takers, helping them ignite the bold ideas that reshape our world. We offer flexible banking solutions for start-ups, scale-ups, growth businesses, investors and those working towards IPO typically within the technology and life science sectors.

Whether it’s comprehensive banking, managing cashflow, plans for buyouts or Strategic Fund Solutions, we power ideas at every stage of their journey. From the first-time founders to the funds that back them, and everything in between. We're proud to accelerate growth for our clients, create meaningful connections and communities, and open a world of global opportunity for entrepreneurs and investors alike.

Here’s to never standing still. Come and join us!

The team you’ll work with:

The Leveraged Finance team is responsible for structuring debt facilities for Private Equity-backed transactions focusing on cash flow leverage lending and utilising the Bank’s differentiated approach of working with early stage Venture Capital-funded businesses and applying this to profitable, later stage businesses. The team focuses on the origination and execution of leveraged loans and encompasses sponsor relationship management and deal execution. The team is also responsible for handling the ongoing client relationship post execution, including the ongoing monitoring of management accounts and dealing with amendment requests.

The value you’ll add:

As an associate on the team, you will benefit from a fast paced and stimulating environment in which to work. It is particularly suited to individuals seeking to develop and broaden their relationship management skills and credit assessment skills.

What you can expect to be doing:

• Assist with the execution of waivers or amendment requests as well as more material follow-on debt transactions such as bolt-on acquisitions and refinancings
• Assisting the Director/VP in the day-to-day credit responsibility for a portfolio of borrowing clients, reviewing each client’s financial performance, ensuring timely receipt of management information, monitoring covenant compliance and maintaining relevant control systems
• Report upon key portfolio trends and interact with the credit / risk function
• Managing internal processes in support of the VP/Director;
• For follow-on deals, assist VP/Director in due diligence evaluation, financial modelling, deal structuring and presentation of credit risks and strengths in credit applications
• Facilitate the booking process, and assure credit files align with HSBC’s policies and procedures
• Assist with negotiation of loan documentation including LMA Facilities Agreement, security documenters and fees
• Working with relevant internal teams to ensure that the portfolio adheres to HSBC’s legal and regulatory responsibilities
• Day-to-day relationship management of a portfolio of borrowing clients. Responsibility to include regular meetings with clients and proactively identifying and pursuing new business / cross selling opportunities with those clients to strengthen the relationship. This includes both follow-on debt and non-debt products
• Loan maintenance activity – efficiently actions funding and repayment requests and queries from internal and external stakeholders relating to credit lines
• Provide coaching and guidance to junior Associates/ADPers on process and policy as required

Requirements:

• Previous experience in cashflow lending within a Leveraged Finance or Corporate Banking context
• Transactional and / or portfolio management experience
• Confident in financial modelling and analysing management accounts
• Comfortable operating across multiple asset classes and products
• Understands the importance of and is experienced in portfolio stewardship and management – takes ownership for ensuring that the team deliver best in class portfolio management in a timely and consistent manner
• Able to contact established clients, under guidance from the Director/MD or Vice President and have the ability to become responsible for a group of Sponsor Finance client relationships
• Ability to lead simultaneous assignments and produce results in time-sensitive circumstances
• Ability to take ownership of and drive processes, but also knows when to escalate or engage others
• Able to produce high quality credit memos, leveraging experience, insights and data available
• Able to quickly dissect large amounts of information and identify key focus areas, risks, issues and questions
• Familiar with legal docs process and Term Sheets

Where you’ll be based:

Our home office in Finsbury Square, London. We offer hybrid working to our employees, so you can flex between home and the office, with a current requirement to be in the office 2 days per week

Being open to different points of view is important for our business and the communities we serve. At HSBC, we’re dedicated to creating diverse and inclusive workplaces - no matter their gender, ethnicity, disability, religion, sexual orientation, socio-economic background or age. We are committed to removing barriers and ensuring careers at HSBC are inclusive and accessible for everyone to be at their best. We take pride in being a Disability Confident Leader and will offer an interview to people with disabilities, long term conditions or neurodivergent candidates who meet the minimum criteria for the role.

If you have a need that requires accommodations or changes during the recruitment process, please get in touch with our Recruitment Helpdesk via hsbc.recruitment@hsbc.com.