Head of Actuarial Center of Excellence - HSBC Life  …

HSBC
in Hong Kong, Hong Kong, Hong Kong
Permanent, Full time
Be the first to apply
Competitive
HSBC
in Hong Kong, Hong Kong, Hong Kong
Permanent, Full time
Be the first to apply
Competitive
HSBC
Head of Actuarial Center of Excellence - HSBC Life
Some careers have more impact than others.
If you're looking for a career where you can make a real impression, join HSBC and discover how valued you'll be.

HSBC Life is a world-class institution where you can specialise in Insurance but enjoy the advantages that come with being part of a leading global international bank. Insurance is about people, and the promises they make. At HSBC Life we help deliver on these promises by providing a wide variety of life insurance products and services to our clients throughout the Asia-Pacific region.

Our employees enjoy a dynamic and innovative workplace and a world of opportunities to develop their careers in a high-profile growing business segment. We empower our team of high-performing individuals to build skills and explore new experiences to realise the full potential of being part of HSBC.

Together we pursue efficient ways of working. We harness the latest data and technology solutions to achieve meaningful outcomes for our clients. The protection we offer creates broad and lasting impact, helping clients to be healthier, more productive and more confident in their futures.

We are currently seeking a high caliber professional to join our team as Head of Actuarial Center of Excellence.

Principal responsibilities
  • Ensure strategic alignment with Group and business objectives.
  • Lead a team of actuarial and modeling professionals to help Group Actuarial on exercising oversight to the actuaries within the entities; and assist entity Chief Actuaries and teams to carry out various statutory duties and internal requirement
  • Engage with stakeholder management internally and externally with resource management and prioritization to utilize actuarial and modeling capacity.
  • Lead development and implementation of appropriate tools, processes and model infrastructure for identification, measurement, monitoring, mitigation in risk, financial and capital management
  • Review and re-engineer processes and work flows on an continual basis from control and efficiency perspectives, through the establishment of a clear role and responsibilities within 3 lines of defense framework
  • Prophet Enterprise (PE) & Prophet Managed Cloud Service (PMCS) - Manage and maintain a platform for cash flow models for actuarial valuation on various reporting standards. Focus on the development of the models which will be sign-off by the users at Group and Entity level. Will also manage the ongoing review on the need to upgrade the model, infrastructure, and new products offered from the vendor
  • Economic Scenario Generation (ESG) - Focused on the platform and production of ESG for various reporting purposes, risk-neutral and real-world, that supports Economic Capital, Statutory Capital, IFRS 17 reporting as needed.
  • Actuarial models - Include but not limit to PE & PMCS described above, that serves the purposes in the stress testing, financial and capital projection and strategic planning (AOP and projects).
  • Data Governance - Work with relevant entities and group CDO on implementation of data FIMs, with a focus on actuarial data.
  • Lead a sizable team of actuaries and modeling experts circa 30 across two locations (HK and UK) to enable the effective delivery of targets and requirements.
  • Continual challenges to balance competing priorities and objectives with significant demands on actuarial resource from all stakeholders; with flexible management of internal resource allocation within the team to optimize the resource utilization.


Qualifications
Requirements
  • Ensure strategic alignment with Group and business objectives.
  • Lead a team of actuarial and modeling professionals to help Group Actuarial on exercising oversight to the actuaries within the entities; and assist entity Chief Actuaries and teams to carry out various statutory duties and internal requirement
  • Engage with stakeholder management internally and externally with resource management and prioritization to utilize actuarial and modeling capacity.
  • Lead development and implementation of appropriate tools, processes and model infrastructure for identification, measurement, monitoring, mitigation in risk, financial and capital management
  • Review and re-engineer processes and work flows on an continual basis from control and efficiency perspectives, through the establishment of a clear role and responsibilities within 3 lines of defense framework
  • Prophet Enterprise (PE) & Prophet Managed Cloud Service (PMCS) - Manage and maintain a platform for cash flow models for actuarial valuation on various reporting standards. Focus on the development of the models which will be sign-off by the users at Group and Entity level. Will also manage the ongoing review on the need to upgrade the model, infrastructure, and new products offered from the vendor
  • Economic Scenario Generation (ESG) - Focused on the platform and production of ESG for various reporting purposes, risk-neutral and real-world, that supports Economic Capital, Statutory Capital, IFRS 17 reporting as needed.
  • Actuarial models - Include but not limit to PE & PMCS described above, that serves the purposes in the stress testing, financial and capital projection and strategic planning (AOP and projects).
  • Data Governance - Work with relevant entities and group CDO on implementation of data FIMs, with a focus on actuarial data.
  • Lead a sizable team of actuaries and modeling experts circa 30 across two locations (HK and UK) to enable the effective delivery of targets and requirements.
  • Continual challenges to balance competing priorities and objectives with significant demands on actuarial resource from all stakeholders; with flexible management of internal resource allocation within the team to optimize the resource utilization.
You'll achieve more when you join HSBC.


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.
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Company Overview

HSBC is one of the world’s largest banking and financial services organisations. We serve more than 39 million customers through four global businesses: Retail Banking and Wealth Management, Commercial Banking, Global Banking and Markets, and Global Private Banking. Our network covers 66 countries and territories in Europe, Asia, the Middle East and Africa, North America and Latin America.

We aim to be where the growth is, connecting customers to opportunities, enabling businesses to thrive and economies to prosper, and ultimately helping people to fulfil their hopes and realise their ambitions.

Whether you are looking for a first job or taking the next step in your career, we offer many ways for you to realise your ambitions. Come and work with us and you'll have opportunities to make connections all over the world and help build the bank for the future.

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