HSBC is hiring for the position of Junior Associate in Bangalore, India. Candidates with a Bachelor’s/ Master’s degree are eligible to apply for this position. The complete information, eligibility criteria, and requirements are provided below.
Job Description:
| Company Name | HSBC |
| Position | Junior Associate, Middle Office |
| Qualifications | Bachelor’s/ Master’s degree |
| Experience | Freshers/ Experienced |
| Location | Bangalore, India |
Key Responsibilities:
- Monitor, investigate, and remediate static data changes and missing data within the Reference Portfolio to ensure data accuracy and completeness.
- Propose and maintain replenishment of the Reference Portfolio in alignment with business and regulatory requirements.
- Prepare and manage regulatory and stakeholder reporting, including ESMA reporting, investor reporting, and internal reporting.
- Coordinate legal due diligence activities by collaborating with relevant stakeholders and ensuring timely completion of documentation requirements.
- Perform booking and flagging of securitised facilities, NPIs, and portfolio NPIs where processes are not automated.
- Develop financial models and perform substantiation and reconciliation of Reimbursement Right Assets and Compensation Receivables.
- Manage Agreed-Upon Procedures (AUP) with external auditors (e.g., KPMG) to validate securitisation data against source systems and facility agreements.
- Oversee and manage the claims process for defaults within securitisation transactions and reference portfolios.
- Calculate quarterly investor guarantee fees, including collateral interest and operational expenses, in accordance with contractual terms.
- Address and respond to investor queries related to CLO structures and performance metrics in a timely and professional manner.
- Conduct documentation reviews prior to policy and participation agreement signings to ensure compliance and completeness.
- Manage the full lifecycle of NPIs, including transaction monitoring, premium settlements, reconciliations, and control processes.
- Monitor facility-level data from facility agents and maintain structured data rooms in coordination with insurance brokers.
- Manage claims related to defaults in loans secured by NPIs and sub-participation agreements.
- Ensure the establishment and maintenance of a robust control environment to support operational efficiency, financial integrity, and compliance with internal policies.
- Adhere to internal procedures and implement audit recommendations, including those from internal audits, external auditors, and regulatory bodies.
- Apply Global AML, Sanctions, and Anti-Bribery & Corruption (ABC) policies to support informed decision-making aligned with financial crime risk standards.
- Manage the lifecycle of sub-participation agreements, including transaction monitoring, reconciliations, and control activities.
- Set up and maintain secure data rooms, ensure NDA agreements are in place, and review loan transfer and confidentiality restrictions.
- Support transaction closing and settlement activities to ensure smooth execution and compliance with contractual obligations.
Eligibility Criteria:
- Demonstrates a solid understanding of banking regulations, particularly in relation to capital treatment and securitisation frameworks.
- Possesses strong knowledge of credit risk mitigation techniques, including securitisation, credit insurance, credit derivatives, and various loan products.
- Brings relevant experience or background in Banking, Structured Finance, Markets, or Credit Portfolio Management.
- Exhibits strong quantitative and analytical skills, with the ability to work on complex Excel models and build financial models effectively.
- Has working knowledge of programming languages such as Python, SQL, or Power Apps, which is considered an added advantage.
- Demonstrates excellent written and verbal communication skills, along with strong presentation capabilities.
- Possesses strong organizational and time management skills, with the ability to manage multiple tasks efficiently.
- Shows strong interpersonal skills and the ability to build and maintain effective relationships across global teams.
- Is delivery-focused, with strong attention to detail and the ability to complete tasks within deadlines while maintaining high-quality standards.
- Demonstrates the ability to construct clear, logical, and well-reasoned arguments.
- Proven ability to prioritize competing demands and manage workload effectively in a dynamic environment.
About Company:
We’re a financial services organisation that serves more than 40 million customers, ranging from individual savers and investors to some of the world’s biggest companies and governments. Our network covers 63 countries and territories, and we’re here to use our unique expertise, capabilities, breadth and perspectives to open up a world of opportunity for our customers.
How To Apply?
- First, read through all of the job details on this page.
- Scroll down and press the Click Here button.
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- Fill the details with the information provided.
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