Head of Deposits and Advisory - Wealth & Premier Solutions UK

HSBC; Greater London; On-site; GBP 70,000 - 90,000; Full time

Job summary

A major financial services organization based in London is seeking a talented professional to manage deposit decisions. Responsibilities include oversight of deposit book movements, collaboration across teams, and design of platform upgrades to adapt to market developments. Candidates should possess extensive finance and deposits management experience, alongside strong leadership skills. The organization offers a comprehensive benefits package and is committed to creating an inclusive workplace.

Benefits

Private healthcare

Enhanced maternity and adoption pay

Contributory pension scheme

Qualifications

• Extensive Finance & Deposits Management working background.
• Experience in Wealth Management.
• Strong leadership and management track record.

Responsibilities

• Design MI, governance fora, templates for deposit decisions.
• Maintain oversight of daily deposit book movements.
• Liaise with counterparts to resolve pricing anomalies.
• Negotiate deposit treatment with ALCM.
• Collaborate on deposit pricing for investment accounts.
• Represent business for deposit dealing platform.

Skills

Finance & Deposits Management experience

Wealth Management experience

Leadership skills

Understanding of banking competitor landscape

Job description

If you’re looking for a career where you can make a real impression, join HSBC and discover how valued you’ll be.

HSBC is one of the largest banking and financial services organisations in the world, with operations in 64 countries and territories. We aim to be where the growth is, enabling businesses to thrive and economies to prosper, and, ultimately, helping people to fulfil their hopes and realise their ambitions.

As an HSBC employee in the UK, you will have access to 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 leaderships 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. Wearecommittedto removing barriers and ensuring careersatHSBCareinclusiveandaccessible 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.

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