Role Title: Actuarial Analyst

Business: Retail Banking and Wealth Management

New or Existing Role: New

Grade: GCB6

Location: This role is London based but can also be based in Whiteley

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.

Wealth and Personal Banking is our new global business combining Retail Banking and Wealth Management; and Global Private Banking, to become one of the world’s largest global wealth managers with USD1.4 trillion in assets.  Our dedicated colleagues serve millions of customers worldwide across the entire spectrum of private wealth, ranging from personal banking for individuals and families, through to business owners, investors and ultra-high-net-worth individuals.  We provide products and services such as bank accounts, credit cards, personal loans and mortgages, as well as asset management, insurance, wealth management and private banking, that best suit our customers’ needs.

We are currently seeking an ambitious individual to join our team as Actuarial Analyst, working together with colleagues to define, manage and achieve divisional business targets.

HSBC requires individuals who can provides actuarial and analytical services to HSBC stakeholders across several HSBC entities.  

This specific role sits within the Malta Actuarial Function reporting to the Chief Actuary, providing a wide range of actuarial services to the Malta Insurance entity. Initially the role will be mainly based within the IFRS 17 project with the prime purpose of delivery of the IFRS 17 activities. There may be an opportunity to rotate into other actuarial teams within the HSBC group for personal development.

Role Purpose

• To contribute to the actuarial and analytical work produced in the following areas -. Experience analysis, Financial reporting, local Regulatory reporting, Economic Capital, Annual Operating Plans, Projected balance sheet positions, Scenarios and Sensitivity assessments, Capital Buffer and Dividend proposals, Annual and Terminal Bonus declarations for With-Profits business, Asset Liability Matching, Reinsurance tenders, Model development and governance, Pricing and Profitability Assessments; and other ad-hoc project work such as IFRS 17. 
• To contribute to the development, maintenance and improvement of the processes for the above activities

In this role, you will:

• Contribute to the actuarial and risk integrity of the work of the business.
• Undertake a variety of work within the IFRS 17 Project, including model development, model change documentation, model documentation, user acceptance testing and end to end testing.
• Undertake various activities within the Malta Actuarial Function, including data preparation, experience analysis, modelling, IFRS reporting, local statutory reporting, economic capital calculations, pricing, model governance and ad-hoc project work.
• Execute various controls within actuarial activities and ensure that the outcome of these are communicated to management as required.

Qualifications

To be successful in the role, you should meet the following requirements:

• An actuarial student or actuarial professional who has given up exams (FIA or equivalent) with experience undertaking actuarial work (essential)
• Able to apply knowledge of financial services products to a working environment 
• Knowledge of Excel, VBA, SAS and/or Prophet 
• Good understanding of the actuarial activities carried out in a Life Insurance company and appropriate level of product knowledge
• An understanding of the IFRS 17 standard 
• Ability to communicate information in a confident and structure manner to all levels of management
• Ability to influence business managers, to establish and maintain co-operation. 
• Good organisational and planning skills. 
• Ability to operate within cross functional teams.
• Significant leadership and customer relationship management skills. 

You’ll achieve more when you join HSBC.  

https://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.

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As a business operating in markets all around the world, we believe diversity brings benefits for our customers, our business and our people. This is why HSBC is committed to being an inclusive employer and encourages applications from all suitably qualified applicants irrespective of ethnicity, religion, age, physical or mental disability/long term health condition, marital status, sexual orientation, gender identity, gender expression, genetic information (including characteristics and testing), military and veteran status, and any other characteristic protected by local law in the jurisdictions in which we operate. Within the work place you will have access to various employee resource groups which aim to promote and achieve a healthy work / life balance and support our diversity ambitions. HSBC has in place processes in order to avoid nepotism, which means to avoid creating circumstances in which the appearance or possibility of conflicts of interest may exist within the hiring process.

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.

https://www.hsbc.co.uk/1/2/popups/uk-privacy-statement#/overview