HSBC Bank USA, N.A · Denver, Colorado
Case #I-200-23108-944580
In FY2023, HSBC Bank USA, N.A sought H-1B sponsorship for a Senior Corporate Relationship Manager - KBGFJG102725-8 in Denver, Colorado at $197k per year, which is 64% above the prevailing wage of $120k. The case was certified in 10 days during the FY FY2023 cycle. This position is for new employment.
| Case Number | I-200-23108-944580 |
| Case Status | Certified - Withdrawn |
| Visa Class | H-1B |
| Fiscal Year | FY 2023 |
| Employer | HSBC Bank USA, N.A |
| Employer Location | Chicago, Illinois |
| Job Title | Senior Corporate Relationship Manager - KBGFJG102725-8 |
| SOC Code | 13-205100 – Financial and Investment Analysts |
| Worksite | Denver, Colorado |
| Annual Wage | $197k |
| Prevailing Wage | $120k |
| Wage Premium | +63.8% |
| Positions | 1 (1 new, 0 continued) |
| Job Title | Salary | Status | Date |
|---|---|---|---|
| Managing Director, Global Head of Healthcare Sector, Global | $301k | CERTIFIED | Sep 9, 2025 |
| Director, Corporate Sales, US - KBGFJG104273-5 | $250k | CERTIFIED | Jun 26, 2025 |
| Vice President, Wealth Center Manager - KBGFJG68028-14 | $110k | CERTIFIED | Oct 7, 2024 |
| Vice President - Wealth Relationship Manager - KBGFJG99330-5 | $100k | CERTIFIED | Oct 4, 2024 |
| Foreign Exchange eRisk Quant Trader - KBGFJG188470-8 | $200k | CERTIFIED | Aug 12, 2025 |
This Labor Condition Application (LCA) was filed by HSBC Bank USA, N.A for the position of Senior Corporate Relationship Manager - KBGFJG102725-8 in Denver, Colorado. The offered annual salary is $197k, compared to the prevailing wage of $120k for this occupation and location. This represents a wage premium of +63.8% above the prevailing wage.
The LCA is the first step in the H-1B visa process. Employers must file an LCA with the Department of Labor certifying that they will pay the foreign worker at least the prevailing wage for the occupation in the area of intended employment. A certified LCA is required before the employer can file an H-1B petition with USCIS.
Case status: Certified - Withdrawn. This means the employer or their representative withdrew the application.
A Labor Condition Application (LCA) is a mandatory document that U.S. employers must file with the U.S. Department of Labor (DOL) before they can petition for a foreign worker under the H-1B, H-1B1, or E-3 visa categories. The LCA process was established under the Immigration and Nationality Act (INA) to protect both foreign and domestic workers by ensuring fair wages and working conditions.
When a U.S. company identifies a foreign national to fill a specialty occupation position, they must first obtain DOL certification through the LCA process before filing the H-1B petition (Form I-129) with U.S. Citizenship and Immigration Services (USCIS). In this case, HSBC Bank USA, N.A filed LCA case number I-200-23108-944580 to sponsor a Senior Corporate Relationship Manager - KBGFJG102725-8 position at their worksite in Denver, Colorado. By filing this LCA, the employer attests to four key conditions: (1) paying the higher of the actual wage or prevailing wage, (2) providing working conditions that will not adversely affect other similarly employed workers, (3) no strike or lockout at the worksite, and (4) providing notice of the filing to the bargaining representative or posting notice at the worksite.
The DOL establishes four wage levels for each occupation and geographic area, representing the progression from entry-level to fully competent workers:
For this filing, the offered wage of $197k compares to the DOL prevailing wage of $120k for Financial and Investment Analysts positions in the Denver, Colorado area. The positive wage premium of +63.8% indicates the employer is offering above the DOL-determined average for this occupation and location.
The prevailing wage is the average wage paid to similarly employed workers in a specific occupation in the area of intended employment. The DOL determines prevailing wages using data from the Occupational Employment and Wage Statistics (OEWS) survey conducted by the Bureau of Labor Statistics (BLS). Employers must pay H-1B workers the higher of the prevailing wage or the actual wage paid to other employees in similar positions at the company. This requirement is designed to prevent employers from using H-1B workers to undercut domestic wages.
A "Certified-Withdrawn" status means this LCA was initially certified by the DOL but was later withdrawn by the employer. This can happen for various reasons: the foreign worker may have declined the position, found employment elsewhere, the employer may have decided to refile with updated information, or business conditions may have changed. A withdrawal does not negatively affect the employer's ability to file future LCAs.
This LCA was received by the DOL on Apr 18, 2023 and a decision was rendered on Apr 28, 2023, a processing time of approximately 10 business days. The standard DOL processing time for LCA applications is 7 to 10 business days. This application was processed within the standard timeframe.
The offered salary of $197k for this Senior Corporate Relationship Manager - KBGFJG102725-8 position provides a data point for evaluating compensation trends in H-1B visa sponsorship. When reviewing H-1B salary data, consider that wages vary significantly based on geographic location, employer size, industry sector, and the worker's experience level. This position falls under SOC code 13-205100 (Financial and Investment Analysts), which standardizes how the Bureau of Labor Statistics classifies occupations across industries. Metropolitan areas like New York, San Francisco, and Seattle typically command higher salaries due to higher costs of living, while positions in smaller markets may offer lower nominal wages but comparable purchasing power.
The offered annual salary for this Senior Corporate Relationship Manager - KBGFJG102725-8 position at HSBC Bank USA, N.A is $197k. The Department of Labor prevailing wage for this occupation and location is $120k. The offered wage represents a +63.8% premium over the prevailing wage.
This H-1B filing is for a position located in Denver, Colorado. The employing company, HSBC Bank USA, N.A, is headquartered in Chicago, Illinois.
This Labor Condition Application is filed under the H-1B visa classification. The H-1B visa is designed for specialty occupation workers who possess at least a bachelor's degree or equivalent in a specific field related to the job.
The employer for this filing is HSBC Bank USA, N.A, located in Chicago, Illinois. HSBC Bank USA, N.A filed this Labor Condition Application (case number I-200-23108-944580) for a Senior Corporate Relationship Manager - KBGFJG102725-8 position during fiscal year FY 2023. View all HSBC Bank USA, N.A H-1B filings.
Certified-Withdrawn means this LCA was initially certified by the DOL but was subsequently withdrawn by the employer or their authorized representative.