Job description
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.
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 a Director, Asset and Liability Management (ALM).
Principal Responsibilities
- Lead ALM hedging Strategy through derivatives & hedging methodology
- Lead tactical capital optimisation & methodology
- Oversee the quantitative assessment of Strategic Asset Allocation (SAA) and Tactical Hedging Strategy, taking into account asset & liability matching (including asset liability duration gap) and risk & return optimization
- Manage projects and coordinate teams in the implementation of ALM initiatives, management information (MI), capital optimisation and strategic projects
- Support and develop ALM optimization under IFRS17 framework
- Contribute to and evaluate new product development and new investment initiatives from local statutory solvency, IFRS17 CSM, Economic Capital and ALM point of view
- Support group insurance ALM and local ALM teams in developing & refining ALM model and strengthening ALM and hedging capability at Group and local entities.
- Perform cashflow projection and stress test to better understand liquidity risk of different investment initiatives on the balance sheet
- Oversee the model governance required by Group Model Risk policy
Requirements
- 10+ years experience in life insurance companies or consultancy firms
- Qualified actuary
- A clear communicator to engage with senior stakeholders across the business
- Knowledge of IFRS17 reporting, CROSS II, Singapore or Hong Kong local regulatory solvency requirement
- Experience in derivatives hedging and investment
- Good understanding of Asia participating and universal life products
- Prior ALM experience and familiar with SunGuard Asset Liabilities Stochastic (ALS) model
- 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"
- Fluent in English
- Team player
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.
Issued by The Hongkong and Shanghai Banking Corporation Limited.