Role Title: Senior Actuarial Analyst Global Insurance

Business: Retail Banking and Wealth Management

New or Existing Role: Replacement

Grade: GCB5

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.

Retail Banking and Wealth Management serves more than 50 million customers worldwide with a complete range of banking and wealth management services to enable them to manage their finances and protect and build their financial futures. It is a global business that brings together management responsibility for Retail Banking, Wealth Management, Insurance and Asset Management with a focus on customer-centric propositions and innovative and efficient distribution

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

Role Purpose

• To manage and develop the junior staff members within the team and to take a lead role in delivering a number of key activities.
• 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
• Support the lead on relevant aspects of the engagement with the key stakeholders of the insurance function on issues which may be related to experience analysis, modelling, IFRS reporting, local statutory reporting, economic capital calculations, pricing, model governance and ad-hoc project work
• Provide quality assurance of wider team’s deliverables including junior member’s deliverables

Qualifications

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

• A nearly qualified actuary (FIA or equivalent) with experience –Essential
• Is able to apply knowledge of financial services products to a working environment -Essential
• Knowledge of Excel, VBA, SAS and/or Prophet – Desirable
• Good understanding of the actuarial activities carried out in a Life Insurance company and appropriate level of product knowledge – Essential
• Ability to communicate information in a confident and structure manner to all levels of management - Essential
• Ability to influence business managers, to establish and maintain co-operation -Essential
• Good organisational and planning skills -Essential
• Ability to operate within cross functional teams - Essential
• Significant leadership and customer relationship management skills – Desirable

You’ll achieve more when you join HSBC. 

https://www.hsbc.com/careers

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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.