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Whether you want a career that could take you to the top, or simply take you in an exciting new direction, the bank offers opportunities, support and rewards that will take you further.
Insurance
the bank was one of Hong Kong's bancassurance pioneers with insurance business footprint started since 1965.
Over the years, the bank has been committed to serve its customers by providing full spectrum of insurance products including Life Insurance manufacturing, distribution of General Insurance and Medical products, and MPF business.
Insurance is a fast-growing business and is one of the key drivers of the bank.
As a well-established insurance entity, we take care of every need of our customers with an optimized service excellence through the Bank’s retail and commercial network, with a dedicated team of professionals in place.
Principal Responsibilities
Impact on the Business/Function
Contribute to asset liability management for all HSIC’s shareholders and policyholders funds, in particular in the development and review of Strategic Asset Allocation to optimize the risk/ return profile, having regard to:HSIC's investment strategy;
the return targets, risk appetite and risk limits;
the profile and sensitivities of the projected cash flows to be received or paid on the asset and liability sides (mismatch risk);
the impact to regulatory capital, economic capital, tax and accounting of the recommended strategies;
any regulatory requirements such as IFRS17 and HKRBC
Support on recommendation and implementation of appropriate investment strategies.
Support the maintenance of a sound investment risk framework for all investment risks and ensure corporate governance standards are met.
Customers / Stakeholders
Deliver fair outcomes for customers and stakeholders, and ensure own conduct maintains the orderly and tran...
Experience: Entry level
Connect with an insider to learn more about this role (team culture, interview focus, and how to stand out).
Requirements
Support on recommendation and implementation of appropriate investment strategies.
Support the maintenance of a sound investment risk framework for all investment risks and ensure corporate governance standards are met.
Deliver fair outcomes for customers and stakeholders, and ensure own conduct maintains the orderly and transparent operation of financial markets
Manage relationships with Investment, Finance, Product, Risk, Group Insurance and other areas in relation to the investment matters
Keep abreast of global developments in the capital and insurance market and changes in regulatory, actuarial and accounting regime, particularly in relation to insurance investment management.
Individuals are responsible for the work of other managers.
Communicate a clear vision for RB&W that is aligned to the overall HSBC vision, Values and goals, and inspires and engages people to create an inclusive, high performing, customer-centred culture.
Set expectations, share best practice and manage, monitor, coach and develop team leaders and others to ensure that they maximise their performance, meet the required standards, and continuously develop their capabilities and experience.
Contribute in constructive cross-country and cross-business teamwork by demonstrating collaboration and matrix management in action and challenging actions and behaviours that are not consistent with HSBC's diversity policy and/or the best interests of the business and its customers.
Manage the processes, infrastructure and resources needed to deliver agreed team plans and targets, identifying and implementing improvements and collaborating with colleagues to maximise end to end integration, effectiveness and efficiency.
Maintain a robust and efficient control environment across RB&W to ensure good operational, financial and project management and compliance with HSBC policy and procedures, together with early identification and effective resolution or escalation of issues that arise.
Contribute to the development, implementation and maintenance of a management information, analysis and reporting framework that supports and informs timely and effective business management and decision making at all levels.
Implement and monitor the application of investment strategy, effective risk management and regulatory compliance.
Ensure corporate governance standards are met and a sound control framework is in place for investment matters.
University graduate
Five to ten years of industry experience
Fellow of a recognized actuarial organization an advantage
Strong Prophet modeling skills, stochastic modeling techniques an advantage
Strong analytical and quantitative skills. Practical experience using Excel VBA an advantage
Strong investment and derivatives knowledge, CFA an advantage
