Associate Director, Innovation Credit - HSBC : Job Details

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.

Lending into the innovation space is a new investment capability being developed by HSBC Asset Management (“AM”) following the creation of HSBC Innovation Banking. The Venture Debt capability will form part of the AM Private Credit platform, a key growth area for HSBC Alternatives.

Initially the Associate Director-Innovation Credit will contribute towards the development and launch of a new Venture Debt fund. This will involve supporting capital raising and the promotion of Venture Debt in front of clients, promoting the Venture Debt capability to sales teams and preparing fund or ad-hoc marketing documents.

Following the first closing of the fund, the role holder will work with the Innovation Bank teams to undertake the assessment and analysis of Venture Debt transactions for recommendation to the Investment Committee and the ongoing monitoring of the portfolio. For new transactions the role holder will work with the Innovation banking teams to review information memorandums, business plans, third party due diligence reports and financial models. The individual will manage transactions in conjunction with HSBC Innovation Banking and external stakeholders to ensure investments are completed in an efficient manner.

• Support capital raising for fund launches and represent Venture Debt in front of clients and consultants. Promote the Venture Debt capability to sales teams. Help prepare fund or ad-hoc marketing documents. Assist in the production of ad-hoc research papers for marketing purposes.
• Contribute effectively to screening and due diligence on new transactions, including the review of information memorandums and sales documentation, 3rd party due diligence (financial, commercial, legal and tax structuring reports) and building/testing assumptions of financial models provided.
• Ensure proposed transactions are in-line with policy and investment restrictions.
• Monitor key performance indicators and financial performance of all portfolio loans managed.
• Maintain contact with portfolio companies through sponsors and management teams (directly and where appropriate, alongside HSBC Innovation banking) to assess financial needs, condition, opportunities/risks facing their business.
• Keep up to date with market developments/deal flow.
• Participate in the definition and implementation of procedures locally.
• Represent the Venture Debt franchise in industry events and other forums as required, in a manner that positively enhances AM's brand image.

For this role, HSBC targets a pay range between $113,900.00 and $170,800.00. 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.