Senior Risk Actuary, Insurance

HSBC; Hong Kong Island; On-site; HKD 900,000 - 1,650,000; Full time

Job summary

HSBC is seeking a Senior Risk Actuary for Insurance on the Hong Kong Island to lead IFRS 17 and capital modelling within a large-scale insurer. You will partner with finance, risk, and business units to ensure robust governance and risk controls.

The role requires significant actuarial experience, the ability to lead change, and strong communication with stakeholders. A fully qualified actuary is highly valued, with opportunities for professional development.

Qualifications

• Significant experience in finance, actuarial or capital management field.
• Fully qualified actuary is a strong plus.
• Experience with a variety of reinsurance structures.
• Knowledge of IFRS 17 and capital modelling.
• Ability to lead change, influence and actively drive performance.
• Demonstrated ability to partner with business stakeholders and grow the business while minimising risk.
• Experience in managing financial risks of an insurance business and regulatory environment.

Responsibilities

• Support the updating and maintaining of risk policies under the stewardship 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 modelling 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 across actuarial and financial risk topics.
• Support the review of internal and external stress testing results.

Skills

Actuarial expertise

Strong leadership

Stakeholder collaboration

Regulatory knowledge

Education

Fully qualified actuary

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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