Vice President, Product, HNW/Legacy Lead, Life Product Development - HSBC Life

at  HSBC

Job description

SOME CAREERS OPEN MORE DOORS THAN OTHERS.

If you’re looking for a career that will unlock new opportunities, join HSBC and experience the possibilities. Whether you want a career that could take you to the top, or simply take you in an exciting new direction, HSBC offers opportunities, support and rewards that will take you further.
HSBC Life in Singapore is the combination of AXA Singapore and HSBC Insurance. Here you can specialize in Insurance but enjoy the advantages that come with being part of a leading global international bank
Insurance is about people, and the promises they make. At HSBC Life in Singapore we help deliver on these promises by providing a wide variety of life insurance products and services to our clients throughout the Asia-Pacific region. Our employees enjoy a dynamic and innovative workplace and a world of opportunities to develop their careers in a high-profile growing business segment. We empower our combined team of high-performing individuals to build skills and explore new experiences to realise the full potential of being part of HSBC.
Together we will pursue efficient ways of working. We will harness the latest data and technology solutions to achieve meaningful outcomes for our clients. And the protection we offer will create broad and lasting impact, helping clients to be healthier, more productive and more confident in their futures.
We are currently seeking a high calibre professional to join our team as a Vice President, Product, HNW/Legacy Lead, Life Product Development.
Principal Responsibilities

We are looking for a VP, Product Lead to drive and oversee the product development, product management and delivery of the customer-centric product solutions and product initiatives catering to legacy needs of High Net Worth individuals aligning with HSBC Life’s product and growth strategy.

• Actively drive the High Net Worth/Legacy needs product strategy and wider product roadmap to deliver the Company’s business plans and objectives
• HNW/Legacy needs products include, but are not limited to, Universal Life, Indexed Universal Life, Variable Universal Life, par and linked plans
• Develop strong culture of product innovation through regular focus group with distribution partners and internal stakeholders
• Actively keep up to date with market development through market intelligence and research, transforming these into a competitive analysis and proposals for business decision
• Review product suite and provide recommendations for new product development or enhancements and any product rationalization or withdrawals balancing customer proposition, distribution feedback and financial sustainability
• Ensure the product design complies with MAS, LIA guidelines as well as relevant HSBC Life framework and requirements
• Lead the team in the overall product development process from conceptualization to launch including necessary post implementation oversight and support
• Collaborate closely with the wider business function stakeholders to ensure products are successfully launched as per agreed product roadmap
• Oversee the overall local and group governance and adherence of HSBC internal guidelines/requirements and policies including post launch product launch review and monitoring
• Develop product development talent within the team and manage team’s resourcing and priorities
• Provide sales support and handle enquiries from distribution channels or internal stakeholders in matters related to product suite and product initiatives

Requirements

• At least 10 years of relevant product development experience in life insurance industry with in-depth knowledge of Singapore life insurance market especially High Net Worth/Legacy planning products
• Strong business acumen, stakeholder management and communication skills, with proven ability to influence and work with people from different business functions
• Strong analytical and problem-solving skills
• A positive, enthusiastic, committed and ‘can do’ attitude team lead
• Graduate in Actuarial Science, Business Management, or finance or insurance related fields of study preferred

To be considered for this role, the relevant rights to work in Singapore is required.

Please refer the Job description for details