Vice President, Business Development (High-net-worth) - HSBC Life

HSBC

  • Singapore
  • Permanent
  • Full-time
  • 5 days ago
Job descriptionSome careers have more impact than others.If you’re looking for a career where you can make a real impression, join HSBC and discover how valued you’ll be. Whether you want a career that could take you to the top, or simply take you in an exciting new direction, HSBC offers opportunities, support and rewards that will take you further.HSBC Life is a world-class institution where you can specialize in Insurance but enjoy the advantages that come with being part of a leading global international bank. Here you can specialize in Insurance but enjoy the advantages that come with being part of a leading global international bankInsurance is about people, and the promises they make. At HSBC Life in Singapore we help deliver on these promises by providing a wide variety of life insurance products and services to our clients throughout the Asia-Pacific region. Our employees enjoy a dynamic and innovative workplace and a world of opportunities to develop their careers in a high-profile growing business segment. We empower our combined team of high-performing individuals to build skills and explore new experiences to realise the full potential of being part of HSBC.Together we will pursue efficient ways of working. We will harness the latest data and technology solutions to achieve meaningful outcomes for our clients. And the protection we offer will create broad and lasting impact, helping clients to be healthier, more productive and more confident in their futures.We are currently seeking a high calibre professional to join our team as a Vice President, Business Development (High-net-worth).Principal ResponsibilitiesIn this role you willStrategic Distributor Management
  • Lead and manage relationships with key distributors, acting as the main point of contact to drive both top-line (ANP) and bottom-line (profit i.e. NBCSM) growth
  • Develop and execute business development strategies tailored to the high-net-worth segment, ensuring alignment with company goals and distributor capabilities
Market and Opportunity Development
  • Identify new business opportunities through market research, competitor analysis, and feedback from distributors to expand market share and profitability
  • Provide insights on product features, benefits, and market trends to distributors, supporting their new business efforts and enhancing value propositions
Business Enablement and Operational Support
  • Oversee all submissions including preliminary applications, underwriting appeals, and case management for distributor partners, ensuring smooth and timely processes
  • Collaborate with internal teams (operations, marketing, product) to improve products, resolve distributor queries, implement process improvements, and support efficient business operations
Performance Monitoring and Reporting
  • Track distributor performance against new business targets and profitability metrics, providing regular updates and recommendations to channel head
  • Proactively raise and address process or product improvements based on distributor feedback and market dynamics
This role is central to driving sustainable growth by building strong distributor partnerships, optimising business processes, and delivering tailored solutions for high-net-worth clients via our distributors.RequirementsTo be successful you will need
  • Ability to develop and execute tailored business plans for distributors, aligning their goals with the organisation’s growth objectives and ensuring both top and bottom line results
  • Expertise in building long-term, trust-based relationships with distributors using proactive communication and empathy to anticipate and address evolving needs
  • Strong analytical skills to interpret complex data, assess market trends, and provide distributors with well-informed recommendations and solutions
  • Professionalism in all interactions, including clear, confident communication and the ability to present solutions back to distributors
  • Anticipating challenges and actively seeking solutions for distributors, demonstrating initiative and responsiveness to maintain high service standards
  • Experience in optimizing distribution networks, aligning channel strategies, and driving growth through effective distributor engagement and support
To be considered for this role, the relevant rights to work in Singapore is required.Opening up a world of opportunityHSBC 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. Personal data held by the Bank relating to employment applications will be used in accordance with our Privacy Statement, which is available on our website.Issued by The Hongkong and Shanghai Banking Corporation Limited.

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