VP – New Product Approval, Private Bank recruitment
The primary purpose of the role is to act as business partner to the Private Bank in Asia, managing the New Product Approval process and ensuring that key risks associated with the introduction of new products or services are identified and addressed.
This will require the role holder to develop a strong partnership with a large group of internal stakeholders (including product specialists, project managers, infrastructure specialists and senior management) and provide leadership in the identification and mitigation of risk issues, while ensuring appropriate commercial focus and speed to market.
Core Accountabilities
- Independent oversight and assessment of risk issues and infrastructure requirements associated with new products and services within Asia
- Partnership with client facing, product development and infrastructure areas to facilitate resolution of new product-related issues, with a particular focus on
- Ensuring appropriate governance during introduction of new products, including co-ordination of the New Product Approval process (review of new product proposals, coordination of briefing meetings, monitoring of approval actions and conditions)
- Provision of both formalised management information and informal/ad-hoc updates to stakeholders including senior management, in order to ensure transparency and accountability throughout new product development lifecycle
- Continuous improvement of the New Product Approval process in line with wider developments across the bank
- Supporting Regional Head and leading reviews and projects as required
The right candidate will have extensive experience within the financial services industry, a good technical knowledge of products used in the wealth management industry and ideally exposure to the process of introducing new products. You must be comfortable working with all levels of management and able to work autonomously through the development and proactive delivery of their own agenda. The growth plans of the organisation present unique challenges and opportunities; the right individual must have the ability to lead within this growth environment.
Given the requirement for innovation and intellectual leadership, a track record of solving complex problems and driving through solutions will be a significant asset. A key to success will be the ability to develop constructive relationships across the organisation; therefore excellent influencing skills will be important.
Professional/technical experience
- Experience in product control/product development/product governance in wealth management context is essential (4-5 year tenure at minimum).
- Exposure gained in managing a similar process in more than one of the following business segments - capital markets, private banking, international banking, stock broking, life insurance, regulated sales, investment / asset management, corporate banking will be preferred.
- Exposure to understanding risk control framework and operational risk management is beneficial.
- Experience of working in a global organisation with matrix management.
- Strong stakeholder management (building relationships, influencing and challenge).
- Strong project management expertise including solid experience of effecting change and implementing global controls
- Must demonstrate competences across firm's values, particularly client focus, trusted and winning together.
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