Actuarial Senior Manager

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 is one of the largest banking and financial services organisations in the world, with operations in 64 countries and territories. We aim to be where the growth is, enabling businesses to thrive and economies to prosper, and, ultimately, helping people to fulfil their hopes and realise their ambitions.

We are currently seeking an experienced professional to join our team in the role of Actuarial Senior Manager.

Principal responsibilities

• Lead and drive roll out of key transformation or business projects and work on major group wide actuarial projects. Provide guidance and support to local sites on any urgent and key business and actuarial projects as a deep subject matter expert.
• Support key review and challenge on the actuarial methodology and assumption used in various financial, capital and regulatory reporting.
• Advise and support the actuarial teams in response to emerging actuarial issues or other demands from senior stakeholders from the bank. Share best practices around the Group and keeping abreast of local, global regulatory accounting, solvency and actuarial developments.
• Ensuring all activities follow relevant control and risk framework, and aligns with local regulations and group policies/standards on accounting, liability valuation, solvency, pricing and reinsurance etc.
• Work in collaboration with the Finance teams and ensure that group wide Finance/Actuarial projects are rolled out in a timely and effective manner to local manufacturing units.
• Leading actuarial modelling work (e.g. cashflow and capital projection, Economic Scenario Generations) within Guangzhou hub, following model development framework.
• Provide technical support to junior staff in the team and manage team development plan.
• Lead compliance to model risk governance, promote model risk culture across entities, ensure high quality of model issue management, and engage risk management team.

Requirements

• University graduate in Actuarial Science, Risk Management, Business Finance, or related discipline.
• Must be a Fellow from one of the established actuarial associations (e.g. FSA, FIA, FIAA, etc.), or an equivalent actuarial body with extensive years post qualification experience and extensive years of solid actuarial work experience. Experience in corporate actuarial may be an advantage.
• Ability to build relationships by communicating, influencing, and negotiating effectively with business heads and senior managers.
• Experience in Actuarial modelling (e.g. Prophet, Python) to support liability cash flow and capital projections, experience in stochastic modelling is an advantage.
• Excellent understanding of the dynamics of actuarial management of a life office, excellent technical actuarial skills and the ability to apply these to influence business decisions.
• Work alongside multiple stakeholders in a multinational environment and prior experience of leading cross functional international teams will be an advantage.
• Excellent understanding of model risk governance and financial control requirment.
• Excellent key stakeholder management, communication skills, both written and verbal so that actuarial and non-actuarial colleagues can comprehend complex issues.

Candidate with less relevant experience or skills may be offered a lower Global Career Band than stated above.

Due to the urgent hiring need, candidates with immediate right to work locally and no relocation need will be prioritised.

You’ll achieve more when you join HSBC.

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