Head of Deposits and Advisory - Wealth & Premier Solutions UK

HSBC Group; City of Westminster; On-site; GBP 125,000 - 150,000; Full time

Job summary

A leading financial institution in London is seeking a Head of Deposits and Advisory for its Wealth & Premier Solutions UK team. This role demands extensive experience in Finance & Deposits Management and Wealth Management, coupled with strong leadership capabilities and a solid understanding of the industry landscape. Responsibilities include overseeing deposit activities, ensuring compliance with governance, and collaborating with teams to enhance client deposit offerings. Competitive pay, private healthcare, and diverse workplace are offered.

Benefits

Private healthcare

Enhanced maternity and adoption pay

Contributory pension scheme with employer contribution

Qualifications

• Extensive Finance & Deposits Management working background - essential.
• Wealth Management experience - essential.
• Excellent leadership skills and proven line management track record - essential.

Responsibilities

• Design MI and local governance for deposit decision-making.
• Monitor daily deposit book movements and market developments.
• Liaise with counterparts to address pricing anomalies.
• Negotiate PBUK deposit treatment on behalf of the bank.
• Collaborate on client deposit pricing across services.
• Represent the business for deposit dealing platform.
• Design platform upgrades for market developments.

Skills

Leadership skills

Finance & Deposits Management

Wealth Management experience

Investment product knowledge

Understanding of Private Banking & Wealth Management landscape

Job description

Head of Deposits and Advisory - Wealth & Premier Solutions UK

HSBC

London, United Kingdom

Permanent

Full time

Competitive

To be a part of a global institution that aims to help others achieve their ambitions, HSBC offers tailored professional development opportunities and a competitive pay and benefits package. This includes private healthcare for all UK‑based employees, enhanced maternity and adoption pay and support when you return to work, and a contributory pension scheme with a generous employer contribution.

In this role you will:

• Design MI, governance fora, templates and local governance to enable deposit decisions to be considered and agreed.
• Maintain oversight of daily deposit book movements, monitor market movement and development and the implication for PBUK’s deposit book and income.
• Liaise with counterparts in HBUK, and GPB&W to ensure any pricing anomalies are considered and ensure a framework is in place which can respond effectively to changing market conditions.
• Negotiate and agree PBUK deposit treatment with ALCM (Asset, Liability, and Capital Management) on PBUK’s behalf including behaviouralisation and liquidity value / cost treatment of PBUK deposit, which have a material impact on PBUK’s deposit NII.
• Collaborate with WPB counterparts to ensure deposit pricing makes sense for clients across the WPB continuum including investment accounts.
• Act as the business representative for deposit dealing platform and the daily deposit bookings.
• Responsible for designing platform upgrades to cater bank / market wide developments such as IBOR migration, Avaloq migration etc.

To be successful in this role you should meet the following requirements:

• Extensive Finance & Deposits Management working background - essential
• Wealth Management experience - essential
• Investments product knowledge - desirable
• Excellent leadership skills and proven line management track record - essential
• A strong and demonstrable understanding of the Private Banking & Wealth Management competitor landscape - essential

This role is based in London.

Opening up a world of opportunity

Being open to different points of view is important for our business and the communities we serve. At HSBC, we’re dedicated to creating diverse and inclusive workplaces – no matter their gender, ethnicity, disability, religion, sexual orientation, or age. We are committed to removing barriers and ensuring careers at HSBC are inclusive and accessible for everyone to be at their best. We take pride in being a Disability Confident Leader and will offer an interview to people with disabilities, long‑term conditions or neurodivergent candidates who meet the minimum criteria for the role.