Product Manager – Cross Border Payments

HSBC; Mumbai; On-site; INR 2,800,000 - 4,000,000; Full time

Job summary

HSBC India in Mumbai is seeking an experienced professional to design and commercialise cross-border product solutions for corporate clients. You will navigate regulatory requirements and collaborate with Banks, Fintechs and Regulators to enable secure, compliant cross-border transactions.

The role requires hands-on knowledge of cross-border operations, interfaces and account structures, with emphasis on driving fee income and improving processes through digitization.

Qualifications

• Experience designing and commercialising products for corporate clients.
• Hands-on knowledge of cross-border regulations and digital/payment rules in India.

Responsibilities

• Drive P&L for cross-border product offerings.
• Monitor fee income and remittance flows.
• Coordinate with legal/compliance to FEMA guidelines.
• Create solutions with clients and regulators.
• Collaborate with operations, sales and services to digitize processes.
• Represent unit in audits and internal controls reviews.
• Familiarity with AI-enabled tools is an advantage.

Skills

Cross-border payments

Regulatory knowledge

Product design

Stakeholder management

Compliance awareness

Job description

Some careers open more doors than others. If you’re looking for a career that will unlock new opportunities, join HSBC and experience the possibilities. 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.

Business Descriptor HSBC Corporate and Institutional Banking is a markets-led, financing-focused business that provides investment and financial solutions. Global Payments Solutions is made up of almost 10,000 people, across more than 60 countries. The business is uniquely positioned to help clients make payments across borders, across currencies and regulations, quickly and cost effectively with dedicated in country and regional support. Our expertise in this area is repeatedly recognised by the industry’s most prominent publications and associations with numerous global, regional and country awards.

Job Introduction

• We are seeking an experienced individual who has hands‑on experience in designing and commercialising products and services for our corporate clientele. Candidates who have operational experience alongside interaction with customers are also welcome to apply.


• The individual should have expert level knowledge of the regulations governing Cross Border Products and Digital/Payment regulations as relevant in India. Working knowledge of regulations in other jurisdictions (including GIFT) will be an added advantage,


• The individual must have a working level knowledge on the operations and practical nuances (including but not restricted to system interfaces and account structures) of cross border transactions.


• Preferably well networked in the cross-border payments ecosystem and should be able to collaborate with key network participants in the payments’ ecosystem, including Banks, Fintechs and Regulators

Responsibilities

• Driving the P&L for the product function to the extent of business emanating from cross border products and services within the remit of Global Payments Solutions


• Responsible for driving and monitoring Fee Income and current account balances through flows/ volumes for inward and outward remittances.


• Liaising with key legal and compliance teams, external and internal, to ensure all related master circulars/ Directions and FEMA guidelines are being adhered to.


• Creating/ Co creating solutions with key clients in close consultation with the regulator.


• Working with operations and other internal stakeholders like Sales, Coverage, Services and Implementation teams to simplify/digitise/Automate processes, Drive product penetration among clients, improve success rates etc.


• Representing the unit in reviews from an Internal/external audit, compliance and internal controls perspective.


• Pro-tip : Familiarity with AI-enabled tools is an advantage.

You’ll achieve more at HSBC.

HSBC is committed to building a culture where all employees are valued, respected and opinions count. We take pride in providing a workplace that fosters continuous professional development, flexible working and opportunities to grow within an inclusive and diverse environment.

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Issued by The Hongkong and Shanghai Banking Corporation Limited, India