Senior Risk Actuary, Insurance

HSBC Holdings plc; Hong Kong; On-site; HKD 1,500,000 - 2,600,000; Full time

Job summary

HSBC Holdings plc is seeking a Senior Risk Actuary, Insurance, to lead and support risk management across insurance entities in Hong Kong. You will update risk policies, review FLOD procedures, and serve as an expert on IFRS 17, regulator capital, and economic capital modeling.

Collaboration with risk stewards and local teams is essential to ensure effective actuarial controls and risk oversight. The role requires extensive actuarial experience, knowledge of reinsurance and structured

Qualifications

• Significant experience in finance, actuarial or capital management.
• Fully qualified actuary is a strong plus.
• Solid experience across a variety of reinsurance structures.
• Good understanding of structured financial securities.
• Ability to lead change, influence and drive performance.
• Experience in managing financial risks of an insurance business.
• In-depth knowledge of the insurance industry and regulatory environment including model risk.

Responsibilities

• Update and maintain risk policies under the Head of Financial Risk Management, Insurance.
• Review First Line of Defence procedures.
• Serve as IFRS 17, regulator capital and economic capital subject matter expert.
• Partner with financial reporting risk stewards and local risk teams to oversee actuarial processes across entities.
• Oversee financial reporting and modelling controls.
• Conduct independent reviews and assurance to assess control effectiveness across actuarial and financial risk topics such as valuation and projection methodologies and reasonableness of actuarial assumptions.
• Support the review of internal and external stress testing results.

Skills

Finance experience

Actuarial

Capital management

Model risk

Job description

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

In this role you will:

• Support the updating and maintaining of risk policies under the stewardship and oversight of the Head of Financial Risk Management, Insurance.
• Support the review of relevant First Line of Defence (FLOD) procedures.
• Act as theIFRS 17, regulator capital and economic capital subject matter expert, especially in relation to modeling approach.
• Partner withfinancial reporting risk stewardsandlocal risk teamsto lead oversight and assurance over key actuarial processes across insurance entities.
• Support the oversight of financial reporting and modelling controls.
• Conductindependent reviews and assuranceto assess control effectiveness, covering a range of actuarial and financial risk topics such as valuation and projection methodologies, and the reasonableness of actuarial assumptions.
• Support the review of internal and external stress testing results.

To be successful you will need:

• Significant experience in finance, actuarial or capital management field. Being a fully qualified actuary is a strong plus.
• Solid experience across a variety of reinsurance structures.
• A good understanding of structured financial securities.
• Ability to lead change, influence and actively drive performance.
• Demonstrated ability to partner with business stakeholders and collectively grow the business while minimising risk.
• Experience in the management of financial risks of an insurance business, preferrably in a large-scale insurance organisation.
• In-depth knowledge 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 and model risk will be an asset.
• Self-starter, independent with good communication and leadership skills.
• Team player and high achiever with a positive attitude.
• High level of personal integrity and values in line with HSBC core values.
• Take personal accountability, be decisive, use common sense, empower others.

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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