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Senior ALM Manager, Group Insurance

HSBC Global Services Limited

Central, Hong, HK

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About the role

We are currently seeking a high calibre professional to join our team as a Senior ALM Manager, Group Insurance.

 

In this role you will:

 

  • Drive delivery across the ALM community by supporting ALM strategic developments and rollout of ALM framework across HSBC Life
  • Align ALM strategic development directions across Actuarial, Finance, Risk and Investments functions at Group and local insurance levels.
  • Support Group and local ALM teams in developing and refining ALM models and strengthening ALM and hedging capability at Group and local entities.
  • Plan and execute reviews of ALM exercises, including assessment and challenge of Strategic Asset Allocations (SAAs) and strategic hedging strategies complementing the SAAs; prepare concise materials for governance.
  • Support and develop ALM optimisation under IFRS 17 and local solvency regimes, including new RBC regimes Hong Kong and C‑Ross in China.
  • Contribute to evaluation of new product development and new investment initiatives, from ALM point of view.
  • Lead governance activities, including overseeing model governance in line with Group Model Risk policy, and ALM procedures, and escalating issues to the Head of ALM as appropriate.
  • Support the ALCM HUB implementation to drive synergies across Group Insurance Finance and entities, strengthen asset–liability strategy, and enhance balance sheet decision-making.

 

To be successful you will need:

 

  • Qualified actuary with strong experience in life insurance companies or consulting in a similar ALM-focused role.
  • A clear communicator able to engage senior stakeholders across the business and with the ALM community within HSBC Life entities.
  • Knowledge of IFRS 17 reporting and relevant solvency regimes in HK and China
  • Experience in derivatives hedging and investments is an advantage.
  • Experience delivering ALM work using SunGuard Asset Liabilities Stochastic (ALS) platform (or equivalent stochastic ALM tooling) is an advantage.
  • Ability to drive delivery through a pragmatic project approach: clear framework, clarity on content and deliverables, effective stakeholder engagement and management.
  • Strong influencing skills and ability to work with international and virtual teams.
  • Strong quantitative and analytical skills, including ability to “think outside the box”.