Risk Actuary, Insurance

HSBC Global Services Limited; Hong Kong; On-site; HKD 900,000 - 1,300,000; Full time

Job summary

HSBC Global Services Limited is seeking a Risk Actuary, Insurance to provide technical oversight of actuarial outputs and monitor financial risks in a large-scale insurance setting. You will assist with FLOD procedures, risk metrics consolidation, and remediation actions across HSBC entities.

The role requires experience in actuarial/finance, strong communication, and a collaborative approach aligned with HSBC values. Knowledge of Prophet modelling and regulatory frameworks is a plus.

Qualifications

• Experience in finance, actuarial or capital management.
• Ability to lead change and actively drive performance.
• Experience in managing financial risks of an insurance business.
• Familiarity with insurance industry and regulatory environment.
• Experience in modelling (Prophet) is a plus.
• Self-starter with good communication skills.
• Team player with a positive attitude.
• High integrity and values aligned with HSBC.

Responsibilities

• Provide technical oversight and review of actuarial outputs under Head of Financial Risk Management.
• Assist review of First Line of Defence procedures.
• Review and consolidate financial risk metrics for monitoring.
• Track remediation actions to mitigate key financial risks.
• Partner with risk stewards to oversee actuarial processes across entities.
• Assist oversight of financial reporting and modelling controls.
• Conduct independent technical reviews of outputs including valuation and projection methods.
• Review internal and external stress testing results.

Skills

Finance/Actuarial experience

Leadership & change driving

Insurance risk management

Regulatory awareness

Prophet modelling

Communication

Integrity & HSBC values

Collaboration & inclusivity

Tools

Prophet

Job description

GCB 5

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 with financial reporting risk stewards and local risk teams to oversee key actuarial processes across insurance entities.
• Assist with the oversight of financial reporting and modelling controls.
• Conduct independent technical reviews and assurance to 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 good communication skills.
• Team player and high achiever with a positive attitude.
• High level of personal integrity and values in line with HSBC core values.
• Be inclusive and collaborative.

Opening up a world of opportunity
www.hsbc.com/careers

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Issued by The Hongkong and Shanghai Banking Corporation Limited.

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