Lead Product Owner - Mortgage Pricing

HSBC; Birmingham; Hybrid; GBP 90,000 - 120,000; Full time

Job summary

HSBC is seeking an experienced Lead Product Owner for Mortgage Pricing to drive pricing strategy across the UK lending portfolio. You will partner with Product and Finance to govern pricing, conduct scenario testing, and deliver data-driven pricing improvements that balance growth and risk.

The role is hybrid with a base in the UK regions listed. You will own mortgage pricing governance, develop advanced models, and communicate insights to senior stakeholders, ensuring compliance with Consumer

Qualifications

• Extensive experience in UK mortgage pricing, product management or closely related lending discipline.
• Deep knowledge of mortgage products, segments, channels and profitability drivers.
• Strong understanding of funds transfer pricing, liquidity costs, credit risk and risk-adjusted returns.
• Advanced analytical and modelling capabilities with pricing tools and data platforms such as SQL, SAS, Python, GCP, BigQuery or Looker.

Responsibilities

• Build and enhance pricing models, elasticity analysis, scenario testing and forecasting to support pricing decisions and performance outcomes.
• Develop and manage mortgage pricing across new business, product transfers and retention.
• Translate funding, capital, liquidity and credit risk considerations into product-level pricing recommendations.
• Monitor competitor activity and market trends to inform pricing actions and explain trade-offs to senior stakeholders.
• Provide commercial insight and clear recommendations, outlining risks and expected business impacts.

Skills

Mortgage pricing

Portfolio management

Stakeholder management

Advanced analytics

SQL

SAS

Python

BigQuery

Education

Bachelor's degree in a relevant field

Tools

Pricing tools

Job description

In this role you will:

• Build and enhance pricing models, elasticity analysis, scenario testing and forecasting to support pricing decisions and performance outcomes
• Develop and manage mortgage pricing across new business, product transfers and retention, balancing customer value, competitiveness, profitability, and risk-adjusted returns alongside other key performance indicators
• Translate funding, capital, liquidity, and credit risk considerations into effective product-level pricing recommendations
• Monitor competitor activity, market trends, and customer behaviour, turning insight into timely pricing actions and clearly explaining trade-offs, sensitivities, risks and expected outcomes to senior stakeholders
• Provide commercial insight and clear recommendations to senior stakeholders, outlining risks, trade-offs, and expected business impacts
• Continuously improve mortgage pricing capability through data, automation, and process enhancements to support growth and customer outcomes
• Ensure pricing models are appropriately governed, monitored, and maintained, identifying performance issues early and taking timely action to avoid adverse impacts.
• Partner with Product and Finance teams to enable effective pricing governance, including approvals, controls, monitoring and post-implementation review, while supporting compliance with Consumer Duty, fair value, responsible lending and internal risk policies.
• Work closely with the Financial Modelling team to define, challenge and maintain aligned assumptions across pricing and financial models, ensuring consistency in forecasts, scenarios and commercial decision-making.
• Act as a subject‑matter expert for mortgage pricing, continuously identifying opportunities to achieve best‑in‑class capability, automate decisioning and strengthen portfolio performance through data, experimentation and process improvement.

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

• Extensive experience in UK mortgage pricing, product management, portfolio management, commercial finance, or a closely related lending discipline (essential)
• Deep knowledge of mortgage products, customer segments, distribution channels, retention strategies, and mortgage profitability drivers
• Strong understanding of funds transfer pricing, swap curves, liquidity and capital costs, credit risk, expected loss, margin, and risk‑adjusted return measures
• Advanced analytical and modelling capabilities with experience using pricing tools and data platforms such as SQL, SAS (essential), Python, GCP, BigQuery or Looker
• Ability to interpret market and portfolio data, assess elasticity and sensitivities, and translate complex analysis into commercial pricing decisions
• Excellent stakeholder management, influencing and communication skills, with the ability to provide constructive challenge and make recommendations under pressure (essential)
• Strong knowledge of UK mortgage regulation, Consumer Duty, fair value principles, responsible lending, pricing governance and model and data controls

If you're looking for a career that will help you stand out, join HSBC, and fulfil your potential. 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.

We're one of the largest banking and financial services organisations in the world, with a network that covers more than 50 countries and territories. We aim to be where the growth is, enabling businesses to thrive and economies to prosper, and ultimately, helping people fulfil their hopes and realise their ambitions.

We are currently seeking an experienced professional to join our team in the role of Lead Product Owner - Mortgage Pricing.

This is a hybrid working role with a base location of Birmingham, Leeds, Sheffield, or Chester. You'll join a high‑profile team at the forefront of Mortgage Pricing strategy, helping shape customer propositions and drive growth across one of HSBC UK's most important lending portfolios.

This is a key specialist leadership role within the Customer Intelligence team responsible for supporting the successful development, implementation and ongoing management of Mortgage Pricing capabilities. The role holder will contribute to shaping along with being responsible for implementing and continuously optimising mortgage pricing across the portfolio, critical to Driving Lending Growth, one of HSBC RBW’s key strategic objectives. The role combines deep mortgage market expertise, commercial judgement and advanced analytics to deliver sustainable lending growth, competitive customer propositions and disciplined returns within risk appetite and regulatory expectations.

Playing a critical role in delivering lending growth, you will combine deep mortgage market expertise, commercial judgement, and advanced analytics to drive competitive customer propositions, sustainable portfolio performance, and disciplined returns, whilst ensuring compliance with regulatory and risk requirements.

As an HSBC employee in the UK, you'll 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.

• Private healthcare for all UK‑based employees
• Enhanced maternity and adoption pay and support when you return to work
• Contributory pension scheme with a generous employer contribution
• Competitive pay and benefits package

At HSBC we look to enable our employees to better balance their work and personal priorities and have the flexibility required to meet changing needs throughout different life stages. Where possible, we will consider flexible working options including part‑time working, job sharing, term‑time working, working from home and staggered hours. If you require flexibility in your working arrangements, please discuss this with the recruitment team during the early stages of the application process.

As a business operating in markets all around the world, we believe diversity brings benefits for our customers, our business, and our people. HSBC UK is committed to being an inclusive employer and encourages applications from all suitably qualified candidates irrespective of background, circumstances, age, disability, gender identity, ethnicity, religion or belief and sexual orientation.

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, socio‑economic background 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.

If you have a need that requires accommodations or changes during the recruitment process, please contact the Recruiter.