Senior Actuarial Analyst
HSBC · Guangzhou
Open positions:1
Global Career Band: 6IC
Why join us?
HSBC Life is a world-class institution where you can specialize in Insurance but enjoy the advantages that come with being part of a leading global international bank. Insurance is about people, and the promises they make. At HSBC Life we help deliver on these promises by providing a wide variety of life insurance products and services to our clients throughout the Asia-Pacific region.
Our employees enjoy a dynamic and innovative workplace and a world of opportunities to develop their careers in a high-profile growing business segment. We empower our team of high-performing individuals to build skills and explore new experiences to realize the full potential of being part of HSBC.
We are currently seeking a Senior Actuarial Analyst / Actuarial Analyst to join our growing team based in Guangzhou, China.
The Opportunity:
The successful candidate will be part of a global team, working together with local markets, to develop actuarial models for insurance valuation processses including IFRS17 and captial reporting.
They will be part of a multi-disciplined team based in Guangzhou who support the Group in model development together with the associated documentation and controls. These controls and checks are particularly important to comply with regulation, policy and control frameworks, and can be evidenced and audited, both internally and externally.
This exciting role will be part of an existing and growing team in Guangzhou with close connections to the Group Insurance management team in Hong Kong.
What you’ll do:
- Support ESG production process and model maintenance.
- To support the manager in delivering one or more actuarial functions for the Group’s insurance entities in Hong Kong, Singapore, and other countries.
- Provide central modelling and analytical services. Develop and maintain actuarial modelling, workflow streamlining and automation capability, to satisfy business demand from the insurance businesses across the Group.
- Provide modelling support to other teams, which may require usage of and connection with non-Prophet technologies such as Python, Alteryx and Excel/VBA etc.
- Maintain a robust control structure, governance, and documentation standards.
- Comply with regulatory and internal policy requirements impacting model development and maintenance.
- Implementation of required governance and controls to satisfy internal Model Risk Policy and SOX (Sarbanes Oxley Act) requirements
What you will need to succeed in the role:
- University graduate in a relevant discipline i.e. Actuarial Science, Statistics, Economics
- Good progress in actuarial exams
- Experience with Prophet, VBA and Excel Programming is preferred
- Past actuarial experiences in life insurance and past experience in individual life actuarial modelling is a plus
- Strong communication skills with fluency in spoken and written English.
What additional skills will be good to have?
- Knowledge of automation and new technologies e.g. Python, Alteryx etc.
- Familiarity with managing and coaching junior team members.
- Awareness of SOx reporting and control requirements.
- Ability to communicate in Chinese would be an advantage.
Link to FAQs:
https://hsbchrdirect.service-now.com/esc?id=kb_article&sys_id=b56197688334b6d06ed11a547daad371&spa=1
You’ll achieve more at HSBC
HSBC is an equal opportunity employer 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. We encourage applications from all suitably qualified persons irrespective of, but not limited to, their gender or genetic information, sexual orientation, ethnicity, religion, social status, medical care leave requirements, political affiliation, people with disabilities, color, national origin, veteran status, etc., We consider all applications based on merit and suitability to the role.
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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(* The information contained in this job description is a true and accurate reflection of the job as specified.)