VP, Solvency Risk & Financial Management

HSBC LIFE (SINGAPORE) PTE. LTD.; Singapore; On-site; SGD 180,000 - 260,000; Full time

Job summary

HSBC Life Singapore is seeking a Vice President, Financial Risk Management (Solvency) to lead Solvency II production, reporting and governance across the data, models and methodologies used for regulatory and financial risk analysis.

You will evaluate business initiatives, product changes and capital implications, while managing sensitivities, stress tests and scenario analyses. Strong communication with governance committees is required.

Qualifications

• Strong knowledge of Solvency II, regulatory reporting, regulatory and economic capital, stress testing and scenario analysis.
• Ability to analyse complex results, assess solvency and financial impacts, evaluate uncertainty and emerging risks and apply sound judgement.
• Experience in challenging/understanding data, methodologies, model outputs and management actions, with knowledge of internal models, standard formula methodologies or model governance preferred.
• Proven ability to lead accurate and timely reporting processes, including reconciliations, reviews, sign-offs, controls, governance papers and regulatory submissions.

Responsibilities

• Solvency II Production, Reporting and Management Insight: Lead the end-to-end production of Solvency II results and related metrics, including reconciliations, capital movement analysis and sensitivities.
• Data, Models and Methodologies: Develop, maintain and execute actuarial models, assumptions and methodologies supporting Solvency II calculations and financial risk analysis.
• Business, Investment and Product Assessments: Evaluate the Solvency II and risk implications of business initiatives, investment decisions, new products and material portfolio changes.
• Sensitivity, Stress Testing and Scenario Analysis: Produce and interpret sensitivities, stress tests and scenario analyses covering relevant actuarial, financial and solvency risks.
• General Risk Management Support: Contribute to risk reporting and the Own Risk and Solvency Assessment, ensuring outputs meet regulatory, governance and quality standards.

Skills

Solvency II

Regulatory reporting

Stakeholder management

Data analysis

Education

Actuarial qualification

Job description

HSBC Life Singapore is seeking a Vice President, Financial Risk Management (Solvency) to lead Solvency II production, reporting and governance across the data, models and methodologies used for regulatory and financial risk analysis.

You will evaluate business initiatives, product changes and capital implications, while managing sensitivities, stress tests and scenario analyses. Strong communication with governance committees is required.