Hong Kong Job Openings
HSBC
Director, Asset Liability Management, Global Insurance - HSBC Life
Central
FULL TIME
October 24, 2024
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.
HSBC Life is a world-class institution where you can specialize 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 calibre professional to join our team as a Director, Asset Liability Management, Global Insurance.
Principal Responsibilities
- Lead ALM hedging Strategy through derivatives & hedging methodology
- Lead tactical capital optimisation & methodology
- Oversee the quantitative assessment of Strategic Asset Allocation (SAA) and Tactical Hedging Strategy, taking into account asset & liability matching (including asset liability duration gap) and risk & return optimization
- Manage projects and coordinate teams in the implementation of ALM initiatives, management information (MI), capital optimisation and strategic projects
- Support and develop ALM optimization under IFRS17 framework
- Contribute to and evaluate new product development and new investment initiatives from local statutory solvency, IFRS17 CSM, Economic Capital and ALM point of view
- Support group insurance ALM and local ALM teams in developing & refining ALM model and strengthening ALM and hedging capability at Group and local entities
-
Perform cashflow projection and stress test to better understand liquidity risk of different investment initiatives on the balance sheet
- Oversee the model governance required by Group Model Risk policy
- 10+ years experience in life insurance companies or consultancy firms
- Qualified actuary
- A clear communicator to engage with senior stakeholders across the business
- Knowledge of IFRS17 reporting, CROSS II, Singapore or Hong Kong local regulatory solvency requirement
- Experience in derivatives hedging and investment
- Good understanding of Asia participating and universal life products
- Prior ALM experience and familiar with Sun Guard Asset Liabilites Stochastic (ALS) model
- Ability to drive projects through providing appropriate project framework, clarity on content and deliverables and effectively engaging and managing stakeholders
- Strong influencing and communication skills and an ability to work with international and virtual teams
- Strong quantitative and analytical skills; including ability to "think outside the box"
- Fluent in English
- Team player
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.
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