VP – Product Governance & Pricing

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HSBC is one of the largest banking and financial services organisations in the world, with operations in 62 countries and territories. We aim to be where the growth is, enabling businesses to thrive and economies to prosper, and, ultimately, helping people to fulfil their hopes and realise their ambitions.

We are currently seeking an experienced professional to join our team in the role of Vice President – Product Governance & Pricing

Business: HSBC Global Private Banking & Wealth

Principal responsibilities

• Support the management of the IWS Global Product Governance Framework, ensuring it remains in line with Group and local regulatory requirements. Ongoing management of the IWS Global Product Committee (GPC) which oversees both Private Banking and Wealth business products and services for the Global Head of IWS.
• Work in partnership with all Product Management teams to ensure that the local/regional Product Oversight Committees are structured and conducted in accordance with the defined global product governance framework. Develop and enhance IWS Global Product Governance due diligence templates used by global and local teams. Prevent revenue leakage by strengthening robust procedures to manage negotiated pricing surrounding discounting.
• Supervise requests made by the regulator. Work with industry panels to keep abreast of trends in pricing, changes in regulation, help form HSBC’s position on emerging topics and ensure HSBC’s views are considered in consultations and other rule-making processes in countries as appropriate. Oversight responsibility for all GPC submissions, GPC secretarial duties, ensuring timely submissions, effective agenda management and global communication process.
• Ensuring (where possible) globally consistent Product Governance Frameworks and Product Oversight Committee desk procedures to ensure maximum process efficiencies to assist timely product marketing. Ensuring that all arrangements that support IWS products and services are controlled and monitored centrally while ensuring that local requirements are met without duplication. Establish a Continuous Monitoring programme for in scope products, and manage on an ongoing basis.
• Manage the IWS Product Governance desk procedures and IWS guidance documents ensuring effective communication regarding changes and updates. Oversee management of all GPC MI which will include global tracking of all Post Implementation Reviews (PIR), Ongoing Product Reviews (OPR), Continuous Monitoring data and tracking of PIR and OPR findings ensuring effective local action to close. Oversee the management and control of Global and Local Product Inventories.Coordinate and resolve actions related to issues raised at the GPC, or any other issues related to products distributed by IWS. Working collaboratively with all Stakeholders (IWS Compliance, Legal, Risk, Chief Control Office (CCO) Senior Management and Group Procurement) to ensure all governance arrangements and oversight frameworks meet regulatory and legal requirements.
• Work closely with Regulatory Compliance to ensure that IWS is compliant with existing laws and regulations and also is able to implement requirements of emerging regulations in a timely manner. Role should also work with Regulatory Compliance to develop IWS policies which uphold Regulatory expectations, protect the Bank and ensure consistent application of controls.Streamlining the product approval process to achieve the correct balance between distribution of the right products for our clients, effective time to market and effective product management/governance.