Manager Asset Specialist

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Business Descriptor

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. Our key areas of operations include Retail Banking and Wealth Management, Asset Management, Global Private Banking and Insurance.

Wealth and Personal Banking (WPB) 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 where wealth pools are growing faster than in any other region. 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.

Role Purpose

• The bank primarily depends on the asset products (Mortgage, Personal Loans, Loan Against Securities etc) to build its assets business.
• The assets business is extremely technical and with each region of India operating under different local regulations.
• Accordingly, The Branch assets specialist is a subject matter expert is needed for the fulfillment of asset product applications sourced by Relationship Managers (RMs), building a support system to ensure seamless processing of these applications within the system.
• It involves interaction with various stakeholders both within HSBC and outside of HSBC (Risk Team, Builders, Societies etc)

 

Principal Accountabilities

Impact on the Business / Function

• Responsible for Asset product disbursals of the Branch
• Back-end support to Branch RMs in the end-2-end process of sourcing to disbursal of any asset product applications.
• Effective co-ordination with internal & external stakeholders
• Regular monitoring of status of logged in applications.

Customers / Stakeholders

• Internal - Credit Risk Units, Legal & Branch staff

Leadership & Teamwork

• Developmental & coaching intervention for the branch RMs
• Effective co-ordination with all stakeholders
• Identify cross-sell opportunities for other product lines and sell / refer these to the RMs

Operational Effectiveness & Control

• Discrepancy rates in applications
• Fraud control

• Comply with the applicable laws, regulations, Group and local guidelines related to Sanctions and Anti Money Laundering policy of HSBC while undertaking various day to day operations

• Remain alert and promptly report to the Sanctions Officer/ Line manager (As applicable and required by sanction Policy) if a customer is found to be engaging in sanction evasion activities or violations of Anti-Money Laundering (AML) policy or any other related procedures.
• Understand the legal responsibility to be vigilant for unusual activity and reporting of the unusual activities
• Support the Country or Regional Office/ AML Investigations by providing additional information when required
• Responsible for attending and successfully completing the AML and Sanctions related assigned training in the mandated timeframe