Head of Portfolio Optimisation - 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. Whether you want a career that could take you to the top, or simply take you in an exciting new direction, HSBC offers opportunities, support and rewards that will take you further.

We are currently seeking a high calibre professional to join our team as a Head of Portfolio Optimisation. 

The Head of Portfolio Optimization will lead the strategic management and optimization of HSBC Life Singapore’s insurance portfolio, with a focus on reinsurance, capital improvement, and sustainable growth. This role is pivotal in driving capital efficiency, enhancing risk-adjusted profitability, and ensuring robust long-term sustainable growth across all product lines. The successful candidate will collaborate cross-functionally to deliver actionable insights, implement targeted interventions, and support new business growth through prudent portfolio and reinsurance strategies.

In this role you will:

• Develop and execute strategies to optimize return on capital, balancing capital consumption, liquidity, and sustainable growth for both inforce and new business
• Collaborate with pricing, inforce management, and finance to identify and implement capital improvement opportunities, including risk transfer and financing solutions
• Steer new business towards more efficient capital profiles by actively managing the mix of single and regular premium business
• Lead targeted campaigns to enhance product competitiveness, drive profitable growth, and reduce reliance on direct price matching
• Oversee the design, negotiation, and implementation of reinsurance treaties, ensuring alignment with risk tolerance and capital optimization
• Evaluate and execute reinsurance solutions for IUL and ILP products to improve capital efficiency and liquidity
• Manage relationships with a diverse panel of reinsurers and brokers, ensuring effective settlement processes and risk management
• Foster cross-functional collaboration, drive operational improvements, ensure regulatory compliance, and support automation and workforce alignment with company objectives

To be successful you will need:

• Bachelor’s degree in finance, Actuarial Science, Risk Management, or related field.  Actuarial Fellowship is required (FSA, FSAS, etc.)
• Extensive experience in life insurance with a focus on pricing, capital management, and reinsurance
• Proven track record in designing and implementing reinsurance solutions and capital improvement strategies
• Strong understanding of SG RBC2 capital framework
• Expertise in financial reporting under both IFRS 17 and SG statuary and operational controls is required
• Excellent analytical, strategic thinking, and leadership skills. Experience in cross-functional collaboration and stakeholder management

Opening up a world of opportunity
http://www.hsbc.com/careers

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.

https://www.youtube.com/embed/NIa2CodFG6E?si=sFOWeYmq5fs3vE5i%22