Actuarial Manager, Modelling - Global Finance

Job description

Job description

Some careers open more doors than others.

If you’re 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.

Global Finance is integral to HSBC’s purpose and strategy, playing a valued role in managing costs and deploying capital in the most effective way. Our global team of finance professionals’ partner with the business to provide trusted insights and forward-looking analysis; accuracy; efficiency and control to frame and influence business decisions. 

We are currently seeking a high calibre professional to join our team as an Actuarial Manager, Modelling.

Principal Responsibilities

In this role you will

·  Support change life cycle activities from early change planning and feasibility analysis; through to designing and delivering change interventions (e.g. communications, training, support, organisational alignment, governance and control); and tracking and taking actions on change readiness, adoption, and feedback
·  Act as a subject matter expert for ongoing development of IFRS17 technical methodologies and the implementation of these across all markets (both actuarial and accounting aspects) in compliance to Group Policy to assess the impact on the financial results and Global Infrastructure
·  Define requirements, management processes, and design detailed solutions and structures based on business requirements; work closely with local insurance entities to optimise their solution design and reporting process, act as a subject matter expert to support markets
·  Develop and maintain the Global IFRS17 solution (including Global CSM Engine and Visualisation, Planning and Forecasting tool) and support the coordination of user acceptance testing of the Global IFRS17 solution
·  Conduct day-to-day development and maintenance activities for actuarial and financial reporting models and provide central support on actuarial analytic related issues
·  Ensure that the modelling and financial reporting work is compliant with relevant policy and regulations and evidenced appropriately to underpin the External and Internal Audit process
·  Provide support to local actuarial teams, including implementation of new methodology and assumptions, and conduct the model development and testing in accordance with Group standards and provide support on actuarial metrics (e.g. CSM) and other MI information under various reporting bases (e.g. IFRS17) for key stakeholders, including Risk, Local Business and Group Insurance
·  Keep up to date with applicable modelling standards, requirements and good practice

Requirements

To be successful you will need

·  Detailed knowledge of insurance cash flow modelling techniques and concepts
·  Good knowledge of IFRS17 modelling, life insurance products and balance sheet dynamics; including with-profits product designs, obtained through exam progress and meaningful work experience
·  Significant experience of cashflow and CSM modelling, in a life office or consulting context; Experience in IFRS17 modelling and/or Testing activities would be highly beneficial
·  Experience of with-profits designs and stochastic modelling would be highly beneficial
·  Strong cash-flow and CSM modelling skills and high level of proficiency in Prophet
·  Strong communication and interpersonal skills
·  Ability to form effective relationships with customers and partners in the insurance group and wider bank
·  Good progress towards actuarial qualification (FSA/FIA/FFA/Equivalent)

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

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Issued by The Hongkong and Shanghai Banking Corporation Limited.