Job description

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.

GTRF Services Analyst will be a part of standby letter of credit (LC) team within GTRF Transaction Services. As a part of onshore standby LC team, the job holder will handle high priority and complex standby LC transactions primarily for Commercial Banking (CMB) and Global Banking (GBM) customers. There are various processes related to standby LCs which job holder is expected to handle on day-to-day basis. As part of processing, the job holder is expected to maintain high quality standards both from accuracy and turnaround standpoint, ensure transactions are evaluated from various risks (financial crime compliance, operational and regulatory) perspective and work closely with other stakeholders especially the offshore team. The job holder will ensure that all internal and external policies, rules and regulations associated with standby LC are complied with.

Here’s what you can expect:

As Analyst, the key responsibilities will include day-to-day processing of standby letter of credit transactions. This will include:

• Processing of standby LC issuance, amendment, confirmation, transfer and claim transactions in the system.
• Reviewing standby LC applications and other transactional documents and highlighting any issues or shortcomings.
• Communicating with various stakeholders which generally includes GTRF Client Services, GTRF Business Development Managers, Relationship Managers and GTRF Services teams in other countries.
• Request credit approvals for transactions received from other affiliates and financial institutions.
• Reviewing various exception reports to ensure exceptions are understood and resolved.
• Proactively responding to queries, related standby LC processing, from various stakeholders

For this role, HSBC targets a fixed pay range between $51,400 and $77,100.

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.

Requirements

Employment eligibility to work with HSBC in the U.S. is required as the company will not pursue visa sponsorship for these positions.

• Minimum of four years of proven banking experience of which two years in handling / processing standby letters of credit (or alternatively any other trade finance products)
• Bachelor’s degree in business, related fields or equivalent experience.
• Knowledge of industry standards related to GTRF products and services especially standby letter of credits.
• Experience with or knowledge of US regulatory requirements related to Financial Crime Compliance
• Experience in standby letters of credit, trade services, trade finance, UCP600, ISP98
• Knowledge of various SWIFT formats used in Trade Finance
• Certified Documentary Credit Specialist (CDCS) is preferred
• Good communication and analytical skills, with self-motivation and ability to work under pressure
• Proficiency with personal computers as well as pertinent mainframe systems and software packages.
• Experience in working effectively with multiple onshore and offshore stakeholders including liaising with offshore processing team
• Certified Documentary Credit Specialist (CDCS) is preferred

As an HSBC employee, you will have access to tailored professional development opportunities to ensure you have the right skills for today and tomorrow. We offer a competitive pay and benefits package including a robust Wellness Hub, all in a welcoming, diverse and inclusive work environment. You will be empowered to drive HSBC’s engagement with the communities we serve through an industry-leading volunteerism policy, a generous matching gift program, and a comprehensive program of immersive Sustainability and Climate Change Initiatives. You’ll want to join our Employee Resource Groups as they play a central part in life at HSBC, including the development of our employees and networking inside and outside of HSBC. We value difference. We succeed together. We take responsibility. We get it done. And we want you to help us build the bank of the future!

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

HSBC is one of the world’s largest banking and financial services organizations. Our global businesses serve around 39 million customers worldwide through a network that covers 62 countries and territories. Our customers range from individual savers and investors to some of the world’s biggest companies, governments and international organizations. We aim to connect them to opportunities and help them to achieve their ambitions.