Insurance ALCM Analyst

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 Insurance ALCM Analyst.

Principal responsibilities

• Business Requirements & Model Specification (IFRS 17 & Capital Forecasting): Own and maintain the actuarial / finance requirements for IFRS 17 financials and capital / solvency forecasting models, ensuring they reflect insurance balance sheet and P&L dynamics. Translate requirements into clear specifications (methodology, calculations, inputs/outputs, controls) for build and change delivery.
• IFRS 17 Planning & Forecasting Tool Ownership: Provide SME ownership of the IFRS 17 reporting tools, especially the Planning and Forecasting model, ensuring accuracy, punctuality and fitness-for-purpose of reporting deliverables and Financial Resource Planning processes.
• Vulnerability Analysis & Scenario Design: Horizon scan for emerging balance sheet risks, provide timely ALCM / Insurance risk updates to senior management, and partner with Group / central teams to design, expand and validate scenarios reflecting macroeconomic, geopolitical and insurance-specific drivers.
• Stress Testing Delivery & Interpretation: Contribute to the design, delivery and governance of end-to-end stress testing and scenario analysis (including global and regulatory exercises), translating scenarios into modelling assumptions and interpreting impacts on capital, profitability and key KPIs. Ensure Group-standard execution across regions and produce MI for Business / Risk / Finance endorsement, with clear documentation of key assumptions and limitations.
• Methodology, Assumptions & Expert Judgement: Develop, document and maintain modelling methodologies, key assumptions, limitations and expert judgements; ensure consistency with internal standards and alignment across Finance / Risk / Actuarial. Provide SME input on the Group solutions, processes and controls expectations.
• Build, Change & Remediation Governance (incl. UAT): Oversee the model change lifecycle (intake, prioritisation, specification, delivery, testing / UAT, validation and sign-off), ensuring changes are controlled, evidenced, and appropriately communicated. Lead remediation of defects, data issues or methodology gaps to agreed timelines and quality standards.
• Model Execution, DQ and Results Validation & Production controls: Run models (or oversee execution) and perform robust data quality checks and results validation, including movement analysis, reasonableness testing and reconciliation to key sources. Execute or oversee required controls across inputs, runs and outputs (incl. run-books, control evidence, issue management), ensuring issues are identified early and resolved with clear ownership and controls meet audit / governance expectations.
• Model Risk Governance, Stakeholder Management, MI & Team Support: 
• Lead engagement with model risk governance / validations activities and coordinate internal / external audit engagement, clearly articulating the control environment and key model risks. Produce timely, accurate and insightful MI and executive / committee materials (e.g., capital coverage, IFRS 17 results and solvency impacts) to support decision-making, and support management of the Guangzhou team to deliver priorities, remove blockers and meet timelines and quality standards. Operate effectively in a culture of constructive challenge, continuous learning and collaboration within the team.

Requirements

Experience

• Broad and comprehensive understanding of concepts and principles within multiple disciplines or a fast changing discipline

Business / Commercial knowledge

• The role requires a comprehensive understanding of several value units / products / regions / legal entities, alongside an advanced understanding of the industry and the relative positioning of the HSBC's products and services.

Leadership

• Management responsibilities for a sizeable team of professionals (including responsibility for budget, and planning)

Problem Solving

• Covers a wide range of diverse activities that require complex judgements and solutions based on conceptual thought and strategic vision and analysis

Innovation

• Is proactive in developing ideas, continuously searching for improvements in techniques which add value to the business and has full responsibility for implementation.

Accountability / decision making

• Latitude to make decisions outside of established procedures but within a policy framework.  Broad guidelines are available.  Role implements strategy set by others.

Strategic Responsibility

• Implements business plans through own team and is accountable for results.

Communication

• The role requires an extremely high level of interactive listening, in order to negotiate with others often at the highest level.
• The role requires the ability to negotiate and influence within their team with a high level of influence.

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.

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.