1+ months

VP Product Manager Life Insurance and Annuity - 0000FRCV

New York, United States
  • Job Code
    831867

VP Product Manager Life Insurance and Annuity - 0000FRCV
Description

!*!

#LI-AJ1 #HSBCUSA

Provides leadership and guidance to carrier and product management support for Life and Annuity products. Responsibilities include managing carrier relationships to ensure their appropriate integration into our distribution model.  Identifies new carrier and product opportunities by remaining current with the latest product introductions. Responsible for all product governance and maintane for Life and Annuity products.

 

Impact on the Business

  • Work with carriers and products team to ensure we address the insurance and annuity needs of our customers.   Ensure the carriers are providing appropriate sales and service support for our sales staff.
  • Collaborate with other business units, to plan, develop and implement cross-sell programs to deepen customer relationships with HSBC while advancing unit specific business goals.
  • Monitor and research external conditions including markets, competitor and market share analysis, demographics and regulations to ensure products, programs and services meet segment needs.  Manage research activities to assess business’ competitive strengths, weaknesses and opportunities.
  • May coordinate all insurance wealth activities internal to insurance.  Work with associated business partners on collaborating on insurance success.
  • May work with/assist bank partners with 3rd Party carriers to ensure the wholesaler process functions correctly and that the right products are utilized and 3rd Party support is acceptable.
  • Manage due diligence of all 3rd Party carriers supporting the business. Work with insurance risk to continually monitor counter party risk.

 

Customers / Stakeholders

  • Distribution channel Sales Managers and Financial Advisors.
  • Products are distributed directly to HSBC clients.

 

Leadership & Teamwork

  • Lead the identification and compilation of the business development and learning objectives for new and existing programs.
  • Direct internal teams and external vendors to identify new opportunities to optimize risk and reward trade-offs by sharing knowledge and fostering open communication to evaluate current practices.
  • Lead and develop an effective team through communication, performance management, development plans and reward/recognition practices.
  • Promote an environment that supports diversity and reflects the HSBC brand.

 

Operational Effectiveness & Control

  • Lead ongoing product developments and product fit analysis initiatives.   Work with appropriate business managers or third parties to identify and develop new products.  Identify opportunities for product enhancements and implement product line extensions.  Develop and manage competitive pricing strategies to achieve target levels of profitability.
  • Manage team of analysts of varying levels in cross-functional projects to serve as strategic partner to line management to support key business efforts and initiatives.  Provide broad management oversight, leadership and problem resolution across a range of support functions including but not limited to operations, systems, finance, legal, compliance,sales and customer service.
  • To implement the Group compliance policy locally by containing compliance risk in liaison with the Head of Group Compliance, Global Business Compliance Officer, Area Compliance Officer or Local Compliance Officer, ensuring adequate compliance resources and training, fostering a compliance culture and optimizing relations with regulators.
  • Complete other responsibilities, as assigned.

 

Major Challenges

  • Individual must have extenstive knowledge of the Insurance product landscape.

 

Management of Risk

  • Ensure compliance, operational risk controls in accordance with HSBC or regulatory standards and policies; and optimize relations with regulators by addressing any issues.
  • Physical Demands/Work Environment: Very good working conditions. Little or no physical demands. Minimal handling of light materials.The physical demands/work environment described above are representative of those that must be met by an employee to successfully perform the essential duties of the job. Reasonable accommodations may be made to enable individuals with disabilities to perform essential duties.

 

Observation of Internal Controls

  • Maintains HSBC internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators.

!*!

Employment eligibility to work with HSBC in the U.S. is required as the company will not pursue visa sponsorship for these positions.

 

  • Minimum of eight years of proven and progressive product management or management consulting experience or equivalent.
  • Bachelors degree in business related field or equivalent experience.
  • Strong planning, analytical, communications, decision-making, influencing, interpersonal and project management skills.
  • Demonstrated ability to lead and respond positively to change, demonstrate flexibly when addressing shifting or competing priorities
  • Developed managerial capabilities as demonstrated by project leadership skills; breadth of strategic thinking; business acumen and successful staff management.
  • Able to share responsibility for key decision making with a team, while accepting responsibility to drive internal decision-making processes. Ability to effectively influence and communicate across various business lines and units at senior levels within the organization.
  • Strong knowledge of the business, insurance and annuity products and services supported as well as the external environment affecting them
  • Strong knowledge of the business, insurance and annuity products and services supported as well as the external environment affecting them..
  • Series 6, 63 and life and health insurance licenses required.


All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.
 


Primary Location !*!

Employment eligibility to work with HSBC in the U.S. is required as the company will not pursue visa sponsorship for these positions.

 

  • Minimum of eight years of proven and progressive product management or management consulting experience or equivalent.
  • Bachelors degree in business related field or equivalent experience.
  • Strong planning, analytical, communications, decision-making, influencing, interpersonal and project management skills.
  • Demonstrated ability to lead and respond positively to change, demonstrate flexibly when addressing shifting or competing priorities
  • Developed managerial capabilities as demonstrated by project leadership skills; breadth of strategic thinking; business acumen and successful staff management.
  • Able to share responsibility for key decision making with a team, while accepting responsibility to drive internal decision-making processes. Ability to effectively influence and communicate across various business lines and units at senior levels within the organization.
  • Strong knowledge of the business, insurance and annuity products and services supported as well as the external environment affecting them
  • Strong knowledge of the business, insurance and annuity products and services supported as well as the external environment affecting them..
  • Series 6, 63 and life and health insurance licenses required.


All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.
 


Schedule North America-United States-New York-New York
Unposting Date 

Categories

Posted: 2021-06-23 Expires: 2021-10-08

HSBC offers the opportunity to develop a fulfilling career within a supportive and inclusive environment. We aim to be a place where everyone can achieve their full potential, regardless of their background.

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VP Product Manager Life Insurance and Annuity - 0000FRCV

HSBC Bank USA
New York, United States

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