Vice President Wealth Insurance, HSBC

HSBC

Location:
India, Mumbai

Category:
Finance

Contract Type:
Employment contract

Salary:

Not provided

Save Job

Apply Position

Job Description:

Within International Wealth and Premier Banking (IWPB), we serve 41 million customers globally, including 6.7 million who are international, from retail customers to ultra high net worth individuals and their families. We help our customers to take care of their day-to-day finances and to manage, protect and grow their wealth. Our international network and breadth of expertise enable us to deliver on HSBC’s purpose of opening up a world of opportunity by providing our customers with borderless banking and world-class wealth management through best-in-class, mobile-first capabilities and exceptional people.

Job Responsibility:

Income Provisioning and GST Submission: Ensuring accurate income provisioning and timely GST submissions to maintain financial integrity and compliance
Regulatory Reporting/ Compliance: VP Wealth Insurance is the Principal Officer responsible for regulatory compliance and timely submission of regulatory reports in line with IRDAI guidelines to prevent non-compliance issues
Franchise Development: Leading the development of INM’s Wealth Insurance Products franchise to drive sales and expand market presence
Global Wealth Strategy Implementation: Aligning country-specific strategies with global wealth strategies, ensuring consistency in product, pricing, promotion, and platform/channel strategies
End-to-End Product Launch: Overseeing the entire product lifecycle, from ideation to governance approvals, launch, and commercialization, including drafting product approval papers
Sales Enablement and Marketing: Planning and executing marketing activities and sales enablers to support product commercialization
Penetration and Share of Wallet: Implementing strategies to increase product penetration across segments and enhance the share of wallet from existing customers
Network Training and Alignment: Ensuring product strategies align with client requirements and that the network is well-trained
Data and Analytics Collaboration: Working with the data and analytics team to provide frontline staff with relevant triggers, enhancing sales effectiveness
Distribution Coordination: Driving the distribution of wealth insurance products across offline and online channels in coordination with channel managers and sales teams
Insurer Relationship Management: Conducting third-party due diligence activities to ensure robust insurer relationships
Responsibility of managing Archer and RiskFlo for current engagement with Canara HSBC Life
Global and Local Stakeholder Management: Managing relationships with both global and local stakeholders, ensuring adherence to Group strategy and policies
Operational Controls and Governance: Maintaining operational controls and managing approvals/changes in line with governance requirements

Requirements:

At least 10-12 years of relevant experience in a Bank of NBFC managing Wealth Insurance
MBA from a reputed institute preferred, Post Graduate Degree (preferably in Economics, Mathematics, Finance) or professional qualifications like CA is preferred
Strong analytical and problem-solving skills
Demonstrate behaviours consistent with HSBC Values
Skills in product management, financial planning and communication
Industry and sector knowledge
Knowledge of sales and service techniques and models
Excellent interpersonal skills
Presentation, Data management and Product analysis knowledge
Planning and organising skills

What we offer:

Flexible working
Opportunities to grow within an inclusive and diverse environment
Continuous professional development

Additional Information:

Job Posted:
September 02, 2025

Expiration:
September 16, 2025

Employment Type:

Fulltime

Work Type:

On-site work

View All Jobs In This Company

Job Link Share:

Vice President Wealth Insurance

HSBC

Location:India, Mumbai

Category:Finance

Contract Type:Employment contract