HSBCEmployer profile

Senior Vice President - Mortgage Product (CVM)

Location not specified · 3–4 yrs

Experience: 3–4 yrs
Salary: Not disclosed
Location: Location not specified
Work mode: Not specified
Job type: Full-time
Apply by: Closing date not listed
Posted: 13 May 8

About this role

Job Description

The health and safety of our employees and candidates is very important to us. Due to the current situation related to the Novel Coronavirus (COVID-19), we’re leveraging our digital capabilities to ensure we can continue to recruit top talent at HSBC. As your application progresses, you may be asked to use one of our digital tools to help you through your recruitment journey. If so, one of our Resourcing colleagues will explain how our video-interviewing technology will be used throughout the recruitment process and will be on hand to answer any questions you might have.

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.

Responsible for monitoring key P & L drivers for the Mortgage Business and ensuring planned growth and managing the key product & portfolio management responsibilities to support the business growth effectively. . The Mortgage business has been identified as a strategic growth priority at INM WPB & Bank level, with a plan to achieve accelerated scale up of the business. In 2023, the balance sheet & new disbursals are expected to grow by 1.3X & 1.6X over 2022 (at the back of growth of 1.3X in balances & 1.5X in new disbursal in 2022 over 2021 . Business ambition is to continue with the growth momentum and achieve multiplied growth of more than 4X in balances over the next 3-4 years. To support the current business scale & growth ambition, the present product & portfolio management capabilities will need to be suitably enhanced, and this position will help to achieve the same effectively.

Principal Responsibilities

P & L Management and support in monitoring and delivery of business annual & strategic plans

Monitor P & L Drivers for the business and ensure delivery as per plan
Pricing actions and supporting new business while maintaining the desired margins/. Profitability
Ensuring maximum revenue opportunities based on customer profitability and analysis of customer sensitivity
Own & drive the refresh of the profitability models along-with the stakeholders to monitor profitability across various segments and take necessary actions
Balance sheet management
Benchmarking Mortgage market and tracking competitors to drive business towards making changes in the current product features that includes pricing, commitment fee and other charges etc
Cost management and initiatives for cost saves / efficiencies

Manage analytics to drive business imperatives

Monitoring portfolio parameters through analytics and financial reports and proposing corrective actions.
Develop various simulations/ workings etc. to support analytics-based business decisions
Opportunities for new business growth
Business analytics led decision making in the requisite areas for the business growth and control management

Support in the product development / refinements for the Secured Lending. Support in putting up a strong value proposition for clients & key segments. Identify & work on actions for driving business growth

Providing support in driving sales through campaigns etc

Portfolio Re-pricing initiation and monitoring from Product Team

Drive in-organic options for the growth of the secured lending business

Support EIR / provisioning exercise from CVM team

Adherence of regulatory/ Internal guidelines for compliant product & portfolio management e.g., Interest Rate & Charges policy, Benchmark related requirements etc

Manage & support business in internal & regulatory audits

Customer issues/ complaints resolution Complaints

Preparing Business Presentation as and when required

Training - lead the development effort on a special internal training program for the various stakeholders, as and when required

Projects - assist in the projects, as and when identified & assigned

Requirements

University Degree, preferably Post Graduation in Management / CA or equivalent professional designation
Mortgage experience would be preferred
Minimum experience: minimum 3 years of experience. Experience in product management, P & L management, Risk Management of retail banking would be preferred
Advanced knowledge in lending business & risk management
Extensive knowledge of retail banking practices and products, and ability to understand new concepts quickly
Strong leadership qualities and proven track record in driving change and influencing people without authority
Excellent written and oral communication skills
Strong analytical, organizational, and problem-solving skills
Strong Power Point & presentation skills
Sound ability to organize and prioritize workload to meet scheduled deadlines
Observe high standards of professional conduct in the performance of duties

Useful Link

Link to Careers Site: Click HERE

You’ll achieve more at HSBC.

HSBC is committed to building a culture where all employees are valued, respected and opinions count. We take pride in providing a workplace that fosters continuous professional development, flexible working and opportunities to grow within an inclusive and diverse environment.

Personal data held by the Bank relating to employment applications will be used in accordance with our Privacy Statement, which is available on our website.

Issued by The Hongkong and Shanghai Banking Corporation Limited, India

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Skills

Finance and Sales