Lead Product Owner - Mortgage Pricing

HSBC; Leeds; Hybrid; GBP 85,000 - 120,000; Full time

Benefits offered by this job

Private healthcare

Contributory pension scheme

Hybrid working

Job summary

HSBC is seeking an experienced Lead Product Owner for Mortgage Pricing to shape pricing strategy and drive growth within the UK lending portfolio. The role operates in a hybrid setup with base locations including Birmingham, Leeds, Sheffield or Chester, and collaborates across Product, Finance and risk teams.

You will lead pricing governance, develop models, and leverage analytics to optimise portfolio performance while ensuring regulatory compliance and customer value.

Qualifications

• Extensive experience in UK mortgage pricing and related lending disciplines.
• Strong knowledge of mortgage products, customer segments, and profitability drivers.
• Experience with pricing governance and regulatory requirements.

Responsibilities

• Build and enhance pricing models and forecasting to support decisions.
• Manage mortgage pricing across new business and retention.
• Translate funding and risk considerations into pricing recommendations.
• Monitor market trends and competitor activity to inform pricing actions.
• Provide commercial insight and recommendations to senior stakeholders.
• Improve mortgage pricing capability through data, automation, and processes.
• Ensure pricing models are governed, monitored and maintained.
• Collaborate with Product and Finance for governance and controls.
• Coordinate with Financial Modelling to align assumptions.
• Act as SME for mortgage pricing to drive best-in-class capability.

Skills

Mortgage pricing expertise

Stakeholder management

Analytical thinking

Pricing governance

Regulatory knowledge

Tools

SQL

SAS

Python

GCP

BigQuery

Looker

Job description

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.

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

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.