Risk Actuary, Insurance

HSBC; Hong Kong; On-site; HKD 900,000 - 1,600,000; Full time

Job summary

HSBC Holdings plc in Hong Kong is seeking a Risk Actuary specializing in Insurance to provide technical oversight of actuarial outputs under the Head of Financial Risk Management. You will review FLOD procedures, monitor financial risks, and track remediation actions across insurance entities.

You will work with local risk teams to oversee actuarial processes, review stress testing results, and assess modelling controls and assumptions, including valuation methodologies, with a focus on

Qualifications

• Experience in finance, actuarial or capital management field.
• Ability to lead change, influence and drive performance.
• Experience in managing financial risks of an insurance business.
• Familiarity with insurance industry and regulatory environment including risks and balance sheet dynamics.
• Experience in modelling (Prophet) and model risk is an asset.
• Self-starter with strong communication and teamwork skills.

Responsibilities

• Provide technical oversight and review of actuarial and financial outputs under the Head of Financial Risk Management.
• Assist with review of First Line of Defence procedures.
• Review, consolidate or calculate financial metrics to monitor financial risks.
• Track remediation actions to mitigate key financial risks.
• Partner with financial reporting risk stewards and local risk teams to oversee key actuarial processes.
• Assist with oversight of financial reporting and modelling controls.
• Conduct independent technical reviews to assess reasonableness of outputs across valuation and projection methodologies.

Skills

Leadership

Communication

Independent

Team player

Stakeholder management

Tools

Prophet

Job description

We are currently seeking a high calibre professional to join our team as a Risk Actuary, Insurance.

In this role you will:

• Provide technical oversight and review of actuarial and financial outputs under the stewardship of the Head of Financial Risk Management. Insurance.
• Assist with the review of relevant First Line of Defence (FLOD) procedures.
• Review, consolidate or calculate financial metrics that are necessary to monitor financial risks.
• Follow through and track completion of remediation actions that are required to mitigate key financial risks.
• Partner withfinancial reporting risk stewardsandlocal risk teamsto oversee key actuarial processes across insurance entities.
• Assist with the oversight of financial reporting and modelling controls.
• Conductindependent technical reviews and assuranceto assess reasonability of outputs, covering a range of actuarial and financial risk topics such as valuation and projection methodologies, and the reasonableness of actuarial assumptions.
• Assist with the review of internal and external stress testing results.

To be successful you will need:

• Experience in finance, actuarial or capital management field.
• Ability to lead change, influence and actively drive performance.
• Experience in the management of financial risks of an insurance business, preferrably in a large-scale insurance organisation.
• Familiarity and understanding of the insurance industry and regulatory environment including current and emerging risks including financial risk management and balance sheet dynamics.
• Experience in modelling (especially Prophet) and model risk will be an asset.
• Self-starter, independent with goodcommunication skills.
• Team player and high achiever with a positive attitude.
• High level of personal integrity and values in line with HSBC core values.

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. Personal data held by the Bank relating to employment applications will be used in accordance with our Privacy Statement, which is available on our website.

Issued by The Hongkong and Shanghai Banking Corporation Limited.

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