Job description
Some careers open more doors than others. If youre looking for a career that will unlock new opportunities, join HSBC and experience the possibilities. 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.
In Wealth and Personal Banking, we serve 41 million customers globally, including 6.7 million who are international, from retail customers to ultra high net worth individuals and their families. We help our customers to take care of their day-to-day finances and to manage, protect and grow their wealth. Our international network and breadth of expertise enable us to deliver on HSBCs purpose of opening up a world of opportunity by providing our customers with borderless banking and world-class wealth management through best-in-class, mobile-first capabilities and exceptional people. Our key areas of operations include Retail Banking and Wealth Management, Asset Management, Global Private Banking, Insurance, and Chief Operating Office.
We are currently seeking a high calibre professional to join our team as a
Manager, Asset & Liability Management.
Principal Responsibilities - Develop and refine the ALM model and lead the User Acceptance Test (UAT)
- Support annual Strategic Asset Allocation (SAA) reviews and TAA assessment
- Review the assessment results of Economic Capital (EC), IFRS17 CSM & PBT and local statutory solvency
- Production of regular Group ALM risk Management Information (MI) report for Global Insurance ALCO
- Production of regular real world economic scenarios for ALM purpose
- Analysis of asset and liability data for ALM and hedging strategies
- Participate in the implementation of ALM initiatives, management information (MI), capital optimisation and strategic projects
- Perform cashflow projection and stress test to better understand liquidity risk of different investment initiatives on the balance sheet
- Support model governance required by Group Model Risk policy
Requirements
- 4-8 years experience in insurance companies or consultancy firms
- Near qualified or qualified actuary
- Strong influencing and communication skills and an ability to work with international and virtual teams
- Prior ALM experience and familiarity with SunGuard Asset Liabilities Stochastic (ALS) model
- Knowledge of IFRS17 reporting, CROSS II, Singapore or Hong Kong local regulatory solvency requirement
- Strong quantitative and analytical skills including ability to "think outside the box"
- Fluent in English
- Team player
Youll achieve more when you join HSBC. 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.