Actuary, IFRS 17 CSM Platform - HSBC Insurance

Job description

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 will be on hand to answer any questions you might have.

Some careers have more impact than others.


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 Insurance provides a comprehensive range of life products and services to suit the every possible need of our personal, commercial, corporate, institutional and private banking customers. As a leader in new life insurance business and Hong Kong's largest administrator of retirement schemes, the business serves this diverse client portfolio from its management offices in Hong Kong and through a wide network of banking, consumer finance and insurance subsidiaries throughout the Asia-Pacific region.

We are currently seeking a high calibre professional to join our team as an Actuary, IFRS 17 CSM Platform.

Principal Responsibilities

The CSM Platform work-stream is a multi-disciplinary team comprising actuaries, project managers and business analysts and works closely with the actuarial and finance functions of each of the entities in-scope. Key responsibilities will include:

· Support the design, delivery and roll-out of a group wide CSM Platform
· Develop suitable data management tools to enable the calculation of the IFRS CSM
· Implement CSM calculations in line with the requirements received considering both the Standard and company policies
· Interface with different work streams to receive data and provide results
· Advance the company's work flow management tool to automate the future reporting process going forward.

Desired profile

Qualifications :

Requirements

·  Nearly or newly qualified actuary with an internationally recognised actuarial body
·  Good understanding and ideally first-hand experience of IFRS17 including an understanding of the mechanics of how the Contractual Services Margin works
·  Sound understanding of insurance modelling methodologies and techniques, including liability modelling, ESGs and ALM, capital modelling, projections
·  Strong model development skills, ideally with experience in a range of different programming and coding languages
·  Ability to communicate information in a clear, confident and structured manner to all levels within the programme.
·  Good knowledge of insurance products, regulations and financial reporting
·  Experience of developing and implementing enterprise risk management
·  Ability to speak French, Spanish, Cantonese or Mandarin would be an advantage To be considered for this role, the relevant rights to work in Hong Kong is required.

You'll 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