1+ months

Legal Counsel, Global Trade & Receivables Finance\/Wholesale Lending

New York, NY
  • Job Code
    0000HCRX

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 New York, New York office.

About Us

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.

As Legal Counsel, Global Trade & Receivables Finance/Wholesale Lending you will provide legal advice, guidance and support to HSBC’s Global Trade & Receivables Finance (“GTRF”) business. You will also support aspects of the Wholesale Lending business. GTRF has been at the core of HSBC since 1865. Today, HSBC is the largest international trade bank with an unrivalled global presence and access to over 90 percent of the world’s capital flows, providing trade finance and risk mitigation solutions to SMEs, large corporates and multinationals. As a cornerstone of the HSBC Group, the Wholesale Lending business supports customers across Commercial Banking and Global Banking segments and sectors, from small enterprises and mid-market companies to corporates and financial institutions. HSBC empowers these customers with tools and opportunities to thrive.

Here’s what you can expect day-to-day

As Legal Counsel, Global Trade & Receivables Finance/Wholesale Lending, you will:

  • Provide day-to-day legal advice across the GTRF business, including with respect to receivables financing (true sale and full recourse), supply chain financing (buyer-centric receivables financing), letters of credit transactions, import/export financing, commodities and structured trade finance, risk distribution and other trade services and also considering innovative and digital solutions;
  • Provide timely counsel and legal support on the end-to-end cycle (e.g., origination, structuring, drafting, negotiation, execution and implementation) of domestic and global transactions in a cost-effective matter;
  • Structure, develop, and implement new-to-bank, complex and strategic products and services, including by tackling emerging technology and ESG considerations;
  • Support nationwide relationship management teams that service HSBC’s domestic and global lending clients;
  • Advise business teams and legal colleagues in HSBC affiliate jurisdictions with respect to cross-border lending, syndicated credit facilities, secured transactions and general corporate finance;
  • Advise business development managers, product specialists, trade services, transaction risk management, and credit approvers with respect to legal and regulatory issues and risks;
  • Review RFPs, marketing materials and client communications;
  • Ensure senior management within legal and business teams is fully briefed on material legal issues arising in GTRF and Wholesale Lending;
  • Work independently, but seek management input on unusual situations, highly complex issues, and matters that may pose significant legal, financial and/or reputational risk to the bank;
  • Manage (and instruct) panel law firms and legal spend; and
  • Maintain and develop positive and professional working relationships within the wider HSBC legal department and within GTRF and Wholesale Lending legal teams in the U.S. and globally.
  • This position is a rare opportunity to work with a global legal team of trade and commodity finance legal experts and gain experience with high-profile, international, and innovative deals in a growing area of balance sheet and risk management. Though the focus is on New York law-governed transactions, you will have broad exposure to matters arising globally. While the successful candidate is expected to possess a level of prior experience (see Qualifications below), this role will provide hands-on experience at a level rarely available at other banks/firms.

Categories

Posted: 2022-04-22 Expires: 2022-06-17

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.

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Legal Counsel, Global Trade & Receivables Finance\/Wholesale Lending

HSBC Bank USA
New York, NY

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