About Standard Chartered
We are a leading international bank focused on helping people and companies prosper across Asia, Africa and the Middle East.
To us, good performance is about much more than turning a profit. It's about showing how you embody our valued behaviours - do the right thing, better together and never settle - as well as our brand promise, Here for good.
We're committed to promoting equality in the workplace and creating an inclusive and flexible culture - one where everyone can realise their full potential and make a positive contribution to our organisation.
This in turn helps us to provide better support to our broad client base. The Role Responsibilities
Execute annual product roadmap to support APE growth and revenue generation
Support product development and work closely with key stakeholders / support functions to formulate, implement and enhance life insurance product
Drive competitive customer offer / strategic campaign to drive business growth
Support the execution of life digital agenda and uplift product penetration of mass client segment
Good understanding of market trend / development and proactively identify new business opportunity
Participate in annual budgeting and product strategy discussion
Have good understanding on market trend, client needs and provide timely market intelligence update
Manage and execute customer offer campaign
Ensure full compliance and execution of banca product governance policies and processes to meet internal and group requirements, as well as local regulatory requirements
Drive digital product and marketing plan for life to uplift our penetration and promote up-sell opportunity
Responsible for executing and managing the following process :
Product Management for (i) Prudential Life products distributed to Retail / Commercial clients; (ii) Broker products distributed to PvB clients;
iii) HKMC Annuity. Scope of product management includes : New product approval / modification Product renewal Regular product maintenance, e.
g. annual bonus declaration, medical repricing, credit rate change
Provider Approval / Management for (i) Prudential; (ii) Other insurers distributed via PvB broker models; (iii) HKMCA
Digital life product distribution via online banking / SC Mobile
Ensure our life product fulfil all relevant regulatory circulars guideline from HKIA / HKMA, and internal Group guideline / risk framework
Proactively identify, assess, monitor, control and mitigate risk related to life insurance product distribution
Advise relevant stakeholders on the application of relevant risk management frameworks and on outcomes of risk identification and assessment methodologies
Ensure proactive and timely assessment, execution of evolving regulatory changes / practices and associated risks
Obtain necessary approvals from local / group product approval forum for all new product launch / modification / renewal
Be accountable for identification and escalation of potential risks and issues to senior management through appropriate governance channels
Propose control effectiveness and efficiency improvements and simplifications where appropriate
Ensure timely completion of gap analysis and comply with any regulatory change related to life product
Ensure all relevant approval records / evidence are in place to prepare for any audit / regulatory on-site exam
Regulatory & Business Conduct
Display exemplary conduct and live by the Group’s Values and Code of Conduct.
Take personal responsibility for embedding the highest standards of ethics, including regulatory and business conduct, across Standard Chartered Bank.
This includes understanding and ensuring compliance with, in letter and spirit, all applicable laws, regulations, guidelines and the Group Code of Conduct.
Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters
Insurance Specialist Team
WM Hong Kong COO & Operations (WM P&P, BRM, Conduct)
Country Legal & Compliance
Life Insurance Partners
Our Ideal Candidate
University graduate with degree in Marketing / Business Admin / Actuarial / related disciplines
In-depth understanding in life insurance encompassing product development, product marketing and business development
Possess strong insight on customer needs, industry trends and regulatory environment
Good project management skills
Excellent communication skills