Manager, Product Strategy and Mgt, Bancassurance Manager, Product Strategy and Mgt, Bancassurance …

Standard Chartered Bank
in Hong Kong
Permanent, Full time
Be the first to apply
Standard Chartered Bank
in Hong Kong
Permanent, Full time
Be the first to apply
Standard Chartered Bank
Manager, Product Strategy and Mgt, Bancassurance
About Standard Chartered
We are a leading international bank focused on helping people and companies prosper across Asia, Africa and the Middle East.

To us, good performance is about much more than turning a profit. It's about showing how you embody our valued behaviours - do the right thing, better together and never settle - as well as our brand promise, Here for good.

We're committed to promoting equality in the workplace and creating an inclusive and flexible culture - one where everyone can realise their full potential and make a positive contribution to our organisation. This in turn helps us to provide better support to our broad client base.

The Role Responsibilities

  • Execute annual product roadmap to support APE growth and revenue generation
  • Support product development and work closely with key stakeholders / support functions to formulate, implement and enhance life insurance product
  • Drive competitive customer offer / strategic campaign to drive business growth
  • Support the execution of life digital agenda and uplift product penetration of mass client segment
  • Good understanding of market trend / development and proactively identify new business opportunity
  • Participate in annual budgeting and product strategy discussion
  • Have good understanding on market trend, client needs and provide timely market intelligence update
  • Manage and execute customer offer campaign
  • Ensure full compliance and execution of banca product governance policies and processes to meet internal and group requirements, as well as local regulatory requirements
  • Drive digital product and marketing plan for life to uplift our penetration and promote up-sell opportunity
Responsible for executing and managing the following process:
  • Product Management for (i) Prudential Life products distributed to Retail / Commercial clients; (ii) Broker products distributed to PvB clients; (iii) HKMC Annuity. Scope of product management includes:
    • New product approval / modification
    • Product renewal
    • Regular product maintenance, e.g. annual bonus declaration, medical repricing, credit rate change
  • Provider Approval / Management for (i) Prudential; (ii) Other insurers distributed via PvB broker models; (iii) HKMCA
  • Digital life product distribution via online banking / SC Mobile
  • Ensure our life product fulfil all relevant regulatory circulars guideline from HKIA / HKMA, and internal Group guideline / risk framework
Risk Management
  • Proactively identify, assess, monitor, control and mitigate risk related to life insurance product distribution
  • Advise relevant stakeholders on the application of relevant risk management frameworks and on outcomes of risk identification and assessment methodologies
  • Ensure proactive and timely assessment, execution of evolving regulatory changes/practices and associated risks
  • Obtain necessary approvals from local / group product approval forum for all new product launch / modification / renewal
  • Be accountable for identification and escalation of potential risks and issues to senior management through appropriate governance channels
  • Propose control effectiveness and efficiency improvements and simplifications where appropriate
  • Ensure timely completion of gap analysis and comply with any regulatory change related to life product
  • Ensure all relevant approval records / evidence are in place to prepare for any audit / regulatory on-site exam
Regulatory & Business Conduct
  • Display exemplary conduct and live by the Group's Values and Code of Conduct.
  • Take personal responsibility for embedding the highest standards of ethics, including regulatory and business conduct, across Standard Chartered Bank. This includes understanding and ensuring compliance with, in letter and spirit, all applicable laws, regulations, guidelines and the Group Code of Conduct.
  • Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters
Key Stakeholders
  • Distribution Network
  • Insurance Specialist Team
  • Segment
  • WM Hong Kong COO & Operations (WM P&P, BRM, Conduct)
  • Country Legal & Compliance
  • Country Conduct
  • Operation Risk
  • Group Bancassurance
  • Life Insurance Partners

Our Ideal Candidate
  • University graduate with degree in Marketing / Business Admin / Actuarial / related disciplines
  • In-depth understanding in life insurance encompassing product development, product marketing and business development
  • Possess strong insight on customer needs, industry trends and regulatory environment
  • Good project management skills
  • Excellent communication skills

Apply now to join the Bank for those with big career ambitions.

To view information on our benefits including our flexible working please visit our career pages . We welcome conversations on flexible working.
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