HSBC Group

Senior Manager and Actuary, ALM - HSBC Life (BB-24EF9)

Found in: Neuvoo HK

Senior Manager and Actuary, ALM - HSBC Life:0000EQ0B


The health and safety of our employees and candidates is very important to us. Due to the current situation related to the Novel Coronavirus (2019-nCoV), we’re leveraging our digital capabilities to ensure we can continue to recruit top talent at HSBC. As your application progresses, you may be asked to use one of our digital tools to help you through your recruitment journey. If so, one of our Resourcing colleagues will explain how our video-interviewing technology will be used throughout the recruitment process and will be on hand to answer any questions you might have.

Some careers grow faster than others. 

If you’re looking for a career that will give you plenty of opportunities to develop, join HSBC and your future will be rich with potential. 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.

Join our fast-growing Asia Wealth Management teams

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 calibre professional to join our team as a Senior Manager and Actuary - ALM, HSBC Life.

Principal Responsibilities

  • The role will lead the asset and liability management (ALM) function. Better ALM benefits to the success and long term sustainability of the return to shareholders and policyholders in insurance businesses, including, optimizing the EC and regulatory capital consumption, enhancing return on capital to shareholders and better investment return to policyholders
  • Drive the ALM strategy, includes performing regular Strategic Asset Allocation (SAA) reviews, proposing Tactical Asset
  • Allocation (TAA) ranges and ensuring optimized accounting treatment for ALM effectiveness
  • Lead the team on the production, validation and interpretation of all financial metrics generated from the ALM model 
  • Ownership of ALM model 
  • Recommend ALM model methodology
  • Lead the production and monitoring of regular ALM metrics
  • Work dynamically with EC Regulatory Capital and HKRBC team to optimize SAA decisions
  • Work with investment, finance and risk teams on SAA recommendation
  • Producing, validating and interpreting analytics for investment and ALM initiatives
  • Qualifications


  • Qualified actuary with 10+ years experience in life insurance companies or consultancy firms

  • Good understanding and experience of actuarial valuation processes and modelling

  • Prior ALM experience and familiar with ALS model

  • Experience of Solvency II, knowledge of IFRS17 and Hong Kong local regulatory solvency requirement

  • Good understanding of participating and universal life products

  • Strong interpersonal skills with proven ability of planning and problem solving.

  • Ability to work effectively under pressure with competing and rapidly changing priorities.

  • Ability to develop cohesive working relationships with internal/external stakeholders.

  • Ability to bring analytical rigour and structure and effective solutions to poorly-defined problems

  • Highly effective communication and interpersonal skills, with excellent relationship building and senior

  • stakeholder management skills

  • High levels of energy and enthusiasm, with the ability to influence, engage and lead in a positive and inspiring manner

  • Strong communication skills – applicable through multiple channels (written, spoken, workshops, presentations)

  • University degree holder in relevant discipline

    Fellow of Society of Actuaries or other recognised actuarial body

    To be considered for this role, the relevant rights to work in Hong Kong is required.

    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.

    calendar_today5 days ago

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    info Full-time

    location_onHong Kong

    work HSBC Group

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