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INM - Collateral Management
The Collateral Management team manages the end to end processing of collateralPerfection, Maintenance & Release and is spread across 7 locations PAN India and provide support to Corporate Business Groups i.e. GBM and CMB and Retail Customer group, RBWM. Credit Operations is primarily responsible for Collateral Perfection, Maintenance and Release including securities like Mortgage, Hypothecation, Pledge, Lien and other types of securities.
Under Retail Mortgages, the team handles all Mitigant maintenance activities for existing mortgage customers following the completion of initial Mitigant perfection and tracking and receipt of title documents provided by the borrowing customers to ensure updation of the completion status of title documentation
The Mitigant for Retail Mortgage is typically mortgage of residential properties. The team will ensure Good Title to any property being taken as Security is established in accordance with Local Legal practices and the guidance provided by the empanelled lawyers and internal guidance. The activities include receipt of the title documentation for Mitigant perfection, checking documentation for completeness, liaising with lawyer to act on behalf of the bank in the mortgage transaction, and send copies of documentation if required, monitor and follow up for receipt of title documentation and check completeness, send title documentation to secure storage (either in-house or third party) until maturity of the mortgage and / or loan is paid off.
The team's services include all Mitigant Release activities for existing mortgage customer loans. The team shall check reliance of the Mitigant to secure other facilities. Release the Mitigant as appropriate to customer
Principal Responsibilities:
Customers / Stakeholders
Leadership & Teamwork
Management of Risk
Qualifications - External
External Qualifications/Requirements
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Date Posted: 21/11/2024
Job ID: 101105081
HSBC Holdings plc is a British multinational universal bank and financial services holding company. It is the largest bank in Europe by total assets ahead of BNP Paribas, with US$2.953 trillion as of December 2021. In 2021, HSBC had $10.8 trillion in assets under custody (AUC) and $4.9 trillion in assets under administration (AUA), respectively.HSBC traces its origin to a hong in British Hong Kong, and its present form was established in London by the Hongkong and Shanghai Banking Corporation to act as a new group holding company in 1991; its name derives from that company's initials. The Hongkong and Shanghai Banking Corporation opened branches in Shanghai in 1865 and was first formally incorporated in 1866.