Chief Risk Actuary, Life Insurance - Huangpu, 中国 - HSBC

描述

Headquartered in Shanghai, HSBC Life Insurance Company Limited was established in August 2009. The Company offers comprehensive insurance services covering protection, retirement, children's education, legacy planning and wealth growth to individuals andfamilies.

We are currently seeking an experienced professional to join this team in the role of Chief Risk Actuary, HSBC Life Insurance.

In this role, you will:

The jobholder will be a senior member of the Risk team accountable for providing assurance around the entity's fulfilment of actuarial responsibilities, including ensuring assumption setting, financial and capital reporting, pricing, actuarial modelling, and discretionary benefit or charging decisions are performed in a robust, controlled, professional, objective and transparent manner, and comply with relevant Group and regulatory standards.

The jobholder will require sufficiently strong technical and communication skills to provide robust challenge to the entity Chief Actuary across all areas of actuarial activity. In some circumstances the jobholder may also have regulatory actuarial assurance accountabilities.

The jobholder will play a key role across a wide range of subjects in respect of HSBC's insurance business, with particular focus on:

-Pricing and product development: Review, challenge and approve pricing and product developments performed for the entity to ensure it is robust and meets both policyholder and shareholder expectations.

-IFRS reporting support: Working with Finance to review and challenge the entity's IFRS reporting results.

-Local reporting: Review, challenge and approve the entity's local regulatory capital reporting results.

-Economic Capital reporting: Review, challenge and approve the entity's economic capital reporting results.

-Stress and Scenario Testing: Set stresses and scenarios for internal and regulatory testing; and review, challenge and approve the entity's stress and scenario testing results.

-Experience Analysis: Review and challenge assumptions used for pricing, financial reporting and capital calculations;

-Modelling: Review, challenge and approve key model developments by the entity; chair the entity Model Oversight Committee or Forum.

-Reinsurance: Review, challenge and approve actuarial aspects of reinsurance programmers and local reinsurance transactions.

-IFRS17 — Review and challenge implementation of IFRS17 requirements and associated accounting policy by the entity.

-Discretionary benefit or charging decisions — Review, challenge and approve policyholder dividend / crediting rate policy and declarations, and reviews of discretionary charges, to ensure fair outcomes for policyholders and appropriate consideration of shareholder implications.

-Lead and oversight the implementation of CROSS insurance risk framework and group IUR framework

The role holder is expected to attend other key technical committees on behalf of the entity CRO.

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

Knowledge & Experience

-Extensive knowledge of industry good practice and emerging regulations in the actuarial field

-Strong technical knowledge of insurance modeling methodologies and techniques, including liability modelling, ESGs and ALM, capital modelling, projections

-Good understanding of HSBC's overall business dynamics and culture

-Experience of developing and implementing enterprise risk management

-Extensive experience of working with and facing off to senior management

-Experience of interfacing with Audit and Regulators

-Experience of CROSS implementation

Skills

-Strong communication, interpersonal and management skills

-Ability to form effective relationships with model owners, model governance authorities, and other key senior stakeholders, within the Insurance teams and across the Bank

Qualifications

-Actuarial qualification, or equivalent post-graduate degree ( Statistics)

FSA or IFA desirable