HSBC Hiring for Manager Credit Services Job at Calcutta Full Time

The health and safety of our employees and candidates is very important to us. Due to the current situation related to the Novel Coronavirus (COVID-19), we’re leveraging our digital capabilities to ensure we can continue to recruit top talent at HSBC. As your application progresses, you may be asked to use one of our digital tools to help you through your recruitment journey. If so, one of our Resourcing colleagues will explain how our video-interviewing technology will be used throughout the recruitment process and will be on hand to answer any questions you might have.

Some careers open more doors than others.

If you’re looking for a career that will unlock new opportunities, join HSBC and experience the possibilities. Whether you want a career that could take you to the top, or simply take you in an exciting new direction, HSBC offers opportunities, support and rewards that will take you further.

We are currently seeking an experienced professional to join the Credit Services team located at located at Kolkata. Credit Services team is responsible for monitoring the operational aspects of facilities granted to the customers; operational aspects of the loans portfolio and Regulatory Reporting for credit and lending for Wholesale Banking Business.

Role Purpose

• To check Facility Advise Letters with a value
• To Monitor Facility, Advise Letters issuance within agreed TATs
• Recovery of Facility Advise Letters charges in timely manner.
• To Ensure FALS are issued as per the terms and conditions approved by CRM and as per standard format approved by LGA and Compliance.
• To safeguard the Bank from potential loss on lending by ensuring that security documentation for accounts is obtained from the customers promptly as per FAL/Security Section of the CARM application.
• To ensure that the security documents are enforceable and in line with BIM Vol 3/ local regulations/ laws. To check that necessary charges have been created in the Bank’s favour. Also to ensure that security documents are loaded on HUB and are kept under dual control.
• To liase with legal advisors, consortium banks and customers regarding various issues related to security documentation.
• To handle and collate various Returns to be submitted to HHO/RBI/Internal Auditors.
• To ensure highest levels of service to both internal and external customers, and with the objective of protecting the interests of the bank at all times within the spectrum of activities relating to MIS, compliance with regulatory requirements, interface with the external auditors, and B&DD related support activities.
• To look after the operational aspect of Credit i.e. Loading of Limits on HUB, Loading of Auto reduction of limits, passing entries for provisioning/write off for Bad and Doubtful accounts.
• To look after the operational aspect of Credit i.e. Loading of Limits on HUB,
• passing entries for provisioning/write off for Bad and Doubtful accounts. To handle and collate various Returns to be submitted to HHO/RBI/Internal Auditors.

Principal Responsibilities

Impact on the Business

• Business Continuity Plan (BCP)
• Improving Process Efficiencies

Customers / Stakeholders

• Understand and implement customer requirements

Leadership & Teamwork

• Staff motivation & Training

Operational Effectiveness & Control

• To ensure FALs are checked accurately with respect to facilities/ covenants within agreed TATs and FAL charges are recovered as applicable.
• To ensure that security documentation is obtained promptly and documents are valid and enforceable.
• Checking of CARM applications and ensuring that limits loaded are in line with approvals held.
• To ensure all RBI/HHO/INM returns pertaining to Security Documentation, Guarantees, Loans, and Bad and Doubtful accounts are accurate and submitted on time.
• To ensure that the security documents like Hold Covers/ CGTs and DUL are renewed before their due dates.
• To ensure that all security documents are properly recorded.
• To ensure transactions are processed as per agreed SLAs and without any errors.
• Maintain HSBC internal control standards, implement and observe Group Compliance Policy and maintain awareness of operational risk and minimize the likelihood of it occurring.

Major Challenges

• The jobholder has to plan well and needs to be organised to meet the stringent deadlines set by RBI/INM/HHO for their returns.
• The jobholder needs to understand the relevant RBI/BIM guidelines and instruction manuals and correctly interpret reporting requirements so as to ensure accurate reporting.
• The major challenge faced by the jobholder is to understand the intricacies of the security documentation and to ensure that the documents are enforceable and safeguard the Bank’s interest.
• The jobholder needs to liase with Legal Counsels, Relationship Managers and customers to ensure that the documents are obtained promptly.
• The jobholder frequently encounters queries from ARMs/ SARMs and customers. He/ She is required to solve them by application of his/her knowledge and experience

Role Context

• Credit Operations Department is responsible for monitoring the operational aspects of facilities granted to the customers. Though the jobholder does not directly deal with the customer, he/ she plays an important support role in the Credit Department. The job holder is responsible for checking the CARM application confirming that the security documentation has been completed before any facilities are drawn down by the customer. The task is critical as it protects the Bank’s interest and ensures that it is adequately covered at all times. The jobholder is in constant touch with the Relationship Managers/Credit Operations Manager with regard to Documentation. The job holder needs to do various reporting to HHO/RBI/Internal Auditors etc. within stipulated deadlines.
• The jobholder operates within the parameters laid down in BIM, RBI and IBA guidelines and other local legal requirements. He/ She adheres to the requirements specified by the legal department or by Solicitors and the terms and conditions as defined in the CARM and Facility Letter.
• This requires the job holder to be familiar with the legal intricacies and complexities of the documents, the impact of the various clauses in the documents with a view to secure the Bank’s interest and to ensure that they are within the RBI guidelines, FEMA etc. The jobholder needs to interact with the Bank’s legal counsel and sometimes with the customer’s Legal Department to ensure that the documents properly secure the Bank’s interest and that they are obtained promptly. The jobholder is also responsible for passing provision/write off entries for All India Bad & Doubtful Corporate accounts. The Job holder is required to collate various returns which need to be submitted to HHO/RBI/Auditors.

Management of Risk

• Maintain awareness of Operational Risk and minimize the likelihood of it occurring including its identification, assessment, mitigation and control, loss identification and reporting in accordance with the Group Operations FIM.
• Adheres to processes and controls to identify and mitigate risks and ensures timely escalation of control issues and reputation risks.

Observation of Internal Controls

• Maintain and observe HSBC Internal Control standards implement and observe Group Compliance Policy, including the timely implementation of recommendations made by internal/external auditors and external regulators.
• Foster a compliance culture and implement Group Compliance policy by managing the compliance risk in liaison with the Head of Group Compliance, Regional Compliance Officer, Area Compliance Officer or Local Compliance Officer, ensuring adequate compliance resources are in place and training is provided, and optimizing relations with regulators
• Maintains HSBC internal control standards and addresses audit points and/or any issues raised by regulators in a timely manner.

Role Dimensions

• Transaction limits up to INR 100 Mn

• This role requires a Graduate with 2-5 years of overall Banking exposure
• People and Stakeholder Management
• Strong communication ability.
• CAIIB qualification would be beneficial

Useful Link

Link to Careers Site: Click HERE

You’ll achieve more at HSBC.

HSBC is committed to building a culture where all employees are valued, respected and opinions count. We take pride in providing a workplace that fosters continuous professional development, flexible working and opportunities to grow within an inclusive and diverse environment.

Personal data held by the Bank relating to employment applications will be used in accordance with our Privacy Statement, which is available on our website.

Issued by The Hongkong and Shanghai Banking Corporation Limited, India