30 days old

Senior Loan Administrator Agent

Jersey City, NJ 07302
  • Job Code
    0000HJEQ

At HSBC, the health and well-being of our employees remains of utmost importance.  Many of our roles are permitted to work from home (in states in which HSBC is licensed to operate) until further notice. Upon resumption of normal operations, this role may be performed at our Jersey City, New Jersey office.

 

Senior Analyst will be part of a loan administration team.  The position requires adherence to strict deadlines, timely processing of payments.  Analyst must be an expert to advanced user of Loan IQ system. Seeking for experienced individual in closing, 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. 

 

Primary Responsibilities/Essential Functions:

  • Responsible for analyzing loan agreements and related documentation
  • Develop a detailed understanding of Risk Free Rates (RFR - Libor replacement) Market concepts and practices
  • Perform loan servicing for different types of loans, which includes HSBC Led syndicated, Bi-Lateral and participated loans
  • Trade capture in Clear Par {vendor based system} and settlement in Loan IQ
  • Construct deal structures in Loan IQ including amending existing deal structures
  • Execute and manage Loan Portfolio in multi-currency.
  • Review and drive break resolution identified in reconciliations, either for daily or month-end reporting purposes
  • Provide support to the Lender and Borrower by addressing all inquiries timely.
  • Manage shared team functions and team email boxes.
  • Communicate and support all inquiries from City Office team.
  • Train junior Loans Administration Analyst(s)
  • Trouble-shoot basic Loan IQ functional problems/issues
  • Other work includes projects and any remediation efforts, as assigned.

 

Decision-Making Responsibility:

  • Interpret terms of loans and translate build into the LIQ
  • Assess and assist with streamlining and cost saves of our processes.
  • Determine and drive solutions for gaps identified in performed functions, if any
  • Review and approve transactions and loan processing, including but not limited to loan funding
  • Ability to escalate and communicate to both internal and external stakeholders

 

Management of Risk

  • Each employee must be aware of the Operational Risk scenario associated with the role and acts in a manner that takes account of operational risk considerations.
  • Each employee must ensure compliance, operational risk controls in accordance with HSBC or regulatory standards and policies; and optimize relations with regulators by addressing any issues.
  • Each employee must promote an environment that supports diversity and reflects the HSBC brand.
  • 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 section B.1.2 of the Group Operations FIM.

 

Observation of Internal Controls

  • Each employee must maintain HSBC internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators. Any failures to comply with the above should be reflected in year-end performance assessments.
  • Each employee must understand, follow and demonstrate compliance with all relevant internal and external rules, regulations and procedures that apply to the conduct of the business in which the jobholder is involved, specifically Internal Controls and any Compliance policy including, inter alia, the Group Compliance policy.
  • Understands, follows and demonstrates compliance with all relevant internal and external rules regulations and procedures that apply to the conduct of the business in which the jobholder is involved, specifically Internal Controls and Compliance policy.

Categories

Posted: 2022-06-01 Expires: 2022-07-03

HSBC offers the opportunity to develop a fulfilling career within a supportive and inclusive environment. We aim to be a place where everyone can achieve their full potential, regardless of their background.

Before you go...

Our free job seeker tools include alerts for new jobs, saving your favorites, optimized job matching, and more! Just enter your email below.

Share this job:

Senior Loan Administrator Agent

HSBC Bank USA
Jersey City, NJ 07302

Join us to start saving your Favorite Jobs!

Sign In Create Account
Powered ByCareerCast