Senior Risk Actuary, Insurance

HSBC; Hong Kong Island; On-site; HKD 900,000 - 1,300,000; Full time

Job summary

HSBC is seeking a Senior Risk Actuary, Insurance in Hong Kong Island to lead and support risk policy updates under the Financial Risk Management team. The role focuses on IFRS 17, capital modelling and collaboration with risk and reporting functions across insurance entities.

The ideal candidate will bring extensive actuarial experience, a fully qualified actuarial credential, and strong leadership to drive risk governance and assurance in a large-scale insurance setting.

Qualifications

• Significant experience in finance, actuarial or capital management.
• Fully qualified actuary is a strong plus.
• Experience in insurance risk management and regulatory environment.

Responsibilities

• Support updating risk policies under the Head of Financial Risk Management and oversight.
• Review First Line of Defence (FLOD) procedures.
• Act as IFRS 17, regulator capital and economic capital SME, especially in relation to modeling.
• Partner with financial reporting risk stewards and local risk teams to oversee actuarial processes across insurance entities.
• Oversee financial reporting and modelling controls.
• Conduct independent reviews to assess valuation, projection methodologies and actuarial assumptions.
• Review internal and external stress testing results.

Job description

GCB 4

We are currently seeking a high calibre professional to join our team as a

Senior 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 the IFRS 17, regulator capital and economic capital subject matter expert, especially in relation to modeling approach.
• Partner with financial reporting risk stewards and local risk teams to lead oversight and assurance over key actuarial processes across insurance entities.
• Support the oversight of financial reporting and modelling controls.
• Conduct independent reviews and assurance to 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.
• Be inclusive and collaborative.

Opening up a world of opportunity

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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