Principal responsibilities - Drive the ALM community and lead ALM strategic developments and framework across HSBC Life
- Align ALM strategic development directions along Actuarial, Finance, Risks and Investment functions at Group and local insurance levels
- Lead Group insurance ALM and local ALM teams in developing & refining ALM models and strengthening ALM and hedging capability at Group and local entities.
- Oversee the review of ALM exercises, including the assessment of Strategic Asset Allocation (SAAs), including strategic hedging Strategies complementing the SAAs
- Manage projects and coordinate teams in the implementation of Group ALM Risk Monitoring management information (MI)
- Support and develop ALM optimization under IFRS17 framework and local solvency regimes (new RBC regimes in Singapore, Hong Kong, C-Ross2 in China)
- Contribute to and evaluate new product development and new investment initiatives from local statutory solvency, IFRS17 CSM, Economic Capital and ALM point of view
- Oversee the model governance required by Group Model Risk policy
Requirements - Qualified actuary with senior experience in life insurance companies or consultancy firms under a similar role
- A clear communicator to engage with senior stakeholders across the business and with the ALM community within HSBC Life entities
- Knowledge in IFRS17 reporting, CROSS II, Singapore or Hong Kong local regulatory solvency requirement
- Experience in derivatives hedging and investment is a plus
- Prior experience in leading ALM projects using SunGuard Asset Liabilites Stochastic (ALS) platform
- 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"
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Issued by The Hongkong and Shanghai Banking Corporation Limited.
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