Description
Some careers have more impact than others.
If you’re looking for a career where you can make a real impression, join HSBC and discover how valued you’ll be. 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.
Wealth and Personal Banking is our new global business combining Retail Banking and Wealth Management; and Global Private Banking, to become one of the world’s largest global wealth managers with USD1.4 trillion in assets. Across Asia, where wealth pools are growing faster than in any other region, HSBC’s wealth revenues grew 12% in 2019 (year-on-year) to USD5.7 billion. Our dedicated colleagues serve millions of customers worldwide across the entire spectrum of private wealth, ranging from personal banking individuals and families, through to business owners, investors and ultra-high-net-worth individuals. We provide products and services such as bank accounts, credit cards, personal loans and mortgages, as well as asset management, insurance, wealth management and private banking, that best suit our customers’ needs.
We are currently seeking a high calibre professional to join our team as a Senior Vice President, Performance Management.
Principal Responsibilities
- Manage Business Performance (P&L and Drivers): Conduct deep dives on Product and Segments performance, provide analysis and insights to business opportunities; develop compelling business case and narratives to support strategic recommendation and facilitate informed decision making
- Provide strategic guidance on Cost and Headcount Management: effectively manage operational efficiency through establishing governance framework, robust reviews of expense lines, and underlying drivers. Exercise tight cost controls across business (direct and indirect), on both project related cost and run the bank cost. Lead the identification & execution of cost optimization initiatives within IWPB to drive efficiency gain and cost reduction across IWPB Singapore and deliver cost and headcount plan
- Lead financial modelling and driver-based forecasting and provide oversight to the annual budgeting process: Partner with Data, Products and Customer Segments teams to develop and enhance financial models and forecasting processes to guide the IWPB financial planning and resource allocations
- Design and maintain a dynamic performance-based framework with key performance indicators that reflect IWPB’s objectives and drive accountability across teams
- Collaborate with IWPB lines of business (Asset Management, Private Bank, Retail Bank and Insurance) and support functions to ensure alignment and delivery of financial goals and operational strategies including cost management and initiatives
- Coordinate the preparation of business presentations such as internal business reviews, strategy plan, offsites, audit, engagement with regulators and external parties
- Actively participate in and support ad hoc projects including strategic reviews, planning, management information (MI), and governance
- Drive cyclical activities, internal event (eg. virtual and physical townhalls) as well as ad-hoc/ special projects related to Business Management
- Preparation of committee/forum papers and presentations
- Ensure that the needs of stakeholders in the Group, or external stakeholders such as regulators, are understood and satisfied efficiently and effectively
- Support the Head of IWPB in developing and refining WPB strategic and tactical initiatives to achieve FRP targets and long terms objectives
- Partner with Distribution / Channels to continuously improve, driving wealth penetration and RM productivity through various initiatives and development
- Investigate and remediate for discrete issues which may adversely affect the business performance
- Manages and leads a cohesive team that is aligned to the business areas they support and works collaboratively with colleagues in regional and global teams
- Self-starter, term oriented, collaborative, with ability to manage complex cross-functional projects/ initiatives and multiple stakeholders across all levels
- Thrive in a fast-paced environment, work independently, outcome oriented, prioritize deliverables to meet timeline efficiently, and able to adapt to changes in priorities quickly
- Superior analytical and problem-solving skills, with demonstrated intellectual and analytical rigor, attention to detail and ability to structure and analyse data
- Strong business acumen, able to comprehensive and articulate complex business issues
- Excellent presentation skills, including strong oral and writing capabilities
- Excellent stakeholder management – able to independently engage with senior stakeholders across array of topics
- An effective team leader through clear communication, performance management, development plans and rewards/recognition. Provide supervision and guidance to drive team’s performance
- Team leadership and management of direct reports, including effect performance management, talent management and succession planning
- Foster strong relationships across departments to enhance financial understanding and performance
- Work in a flexible manner to build capability and progress objectives, while not losing sight of the profitability and productivity outcomes
- Engage in regular reviews to identify key risks, issues and interdependencies. Determine and apply appropriate mitigation strategies
- Ensure regular and positive engagement with key support functions such as Risk, Compliance and HR
- Implementation of Global Standards, Financial Crime Compliance and Risk policies / requirements
Qualifications
- Graduate degree in Accountancy, Business, or any business-adjacent fields from top tier university with at least 12 years of relevant experience in Business Management, Products & Segments management including P&L ownership or Business Finance in a global bank
- Extensive knowledge of Wealth and Premier Banking, Retail products and Treasury / Balance Sheet management particularly in Asia and Singapore
- Proven experience as a senior manager in banking
- Experience in executing complex projects and initiatives from initiation to completion, preferred prior experience in project management & business integration in financial services industry
- Self-motivated, enthusiastic leader, willing to champion change beneficial for business, and the ability to persuade and motivate individuals to support a cross team agenda
- Possesses well developed communication and presentation skills, as well as the ability to maintain solid working relationships with senior management and other stakeholders
- High competency in MS Excel and PowerPoint
- Ability to quickly grasp and master new concepts, product & functional knowledge and simplify & resolve complex issues
- Excellent organizational skills and ability to effectively multiple demands, shifting priorities and tight timelines
- Flexible and adaptable nature to manage a multi-faced role with changing priorities and assignments that are complex, unpredictable and time sensitive
- Strong executive communication skills and consultative approach to partner with multitude of stakeholders
- Excellent analytical and problem-solving skills
- Critical thinking and is willing to challenge status-quo
- Collaborative nature, able to build effective relationships with multiple stakeholders and peers across functions and business lines
- Strong and confident communication and presentations skills
You’ll achieve more when you join HSBC.
www.hsbc.com/careers
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Issued by The Hongkong and Shanghai Banking Corporation Limited.
Video URL - External
https://www.youtube.com/watch?v=y4LU9-uRd_4