Senior Vice President, Business Efficiency and Strategic Cost Management, HSBC

HSBC

Location:
Singapore, Singapore

Category:
Banking

Contract Type:
Employment contract

Salary:

Not provided

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Job Description:

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.

Job Responsibility:

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 presentation
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

Requirements:

Graduate degree in Accountancy, Business, or any business-adjacent fields from top tier university with extensive 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
Fluent in English
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

What we offer:

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

Additional Information:

Job Posted:
May 09, 2025

Expiration:
June 08, 2025

Employment Type:

Fulltime

Work Type:

Hybrid work

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Senior Vice President, Business Efficiency and Strategic Cost Management

HSBC

Location:Singapore, Singapore

Category:Banking

Contract Type:Employment contract