Head of Actuarial

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. Whether you want a career that could take you to the top, or simply take you in an exciting new direction, HSBC offers opportunities, support and rewards that will take you further This function brings together distinct specialisms to drive greater connectivity in how we manage engagement with key stakeholders for HSBC. Finance teams provide the bank with internal and external financial reporting, forecasting, controls oversight, and stress testing expertise. Specialist areas also manage HSBC's worldwide tax affairs, group treasury needs, and events for investors and analysts. Sustainability teams lead the bank's work to support sustainable growth in a global economy, including an ambitious plan to prioritise financing that supports the transition to net zero. Group External Communications teams - including colleagues from Media Relations, ESG Communications and Group Reputation - deliver communication strategies that support HSBC's strategic objectives, protect our reputation and build trust among our stakeholders. We are currently seeking a high calibre professional to join our team as a Head of Actuarial Methodologies and Models. Reporting to the Group Chief Actuary in Group Insurance Finance, this is a senior actuarial position to support the Group Chief Actuary in providing leadership and technical advice on key actuarial topics across methodology, assumption setting, pricing and product review and model development. The role holder is also expected to discharge oversight on all key local and group initiatives which would lead to business value creation and improve the resilience of the business. The primary responsibility of the Actuarial Function is to advise the Board and management on the adequacy of the financial provisions held in relation to the financial and non-financial risks undertaken by the business, the appropriateness of the overall Risk Management Framework, having regard to the management of those risks, while ensuring all regulatory and financial reporting requirements are being met. Responsibilities Provide key review and challenge on the actuarial methodology and assumption used in various financial, capital and regulatory reporting, and serve as the key representative in the market Actuarial Review Forum and secretary for the Group Insurance Actuarial Review Forum. Lead the Group Actuarial Modeling team, providing centralised modelling expertise for executing changes in the models arising from launch of new products, revision in methodology, or change in business management approach, and oversee the centralised actuarial platform management. Lead the Actuarial 1LOD review in the Group Insurance Product Approval Process, ensuring appropriateness of profitability, reserving, methodology, solvency aspects, and coordinate with local actuarial 1LOD reviews in market product approval. Support partnerships on agreement review and product ongoing management to ensure appropriate valuation on new business. Drive roll‑out of key transformation or business projects and lead major group‑wide actuarial projects; provide guidance and support to local sites on urgent and key business and actuarial projects as a deep subject‑matter expert. Advise and support the actuarial teams in response to emerging actuarial issues or other demands from senior stakeholders in the bank; share best practices and stay abreast of local, global regulatory accounting, solvency and actuarial developments. Ensure all activities follow appropriate controls and align with local regulations and group policies/standards on accounting, liability valuation, solvency, pricing and reinsurance. Work in collaboration with Group Finance teams to roll out group‑wide Finance / Actuarial projects in a timely and effective manner to local manufacturing units in Asia. Support engagement with key bank stakeholders (IWPB, Global functions) and help provide understanding of the insurance business. Requirements Comply with all Fit and Proper requirements and maintain continuous training and development required for a practising qualified actuary. Intimate knowledge of the financial services marketplace and strong business awareness. Excellent understanding of the dynamics of actuarial management of a life office, with strong technical actuarial skills and the ability to apply these to influence business decisions. Experience in a regional role or across multiple countries is advantageous. Excellent written and verbal communication skills so that actuarial and non‑actuarial colleagues can comprehend complex issues. Strong people‑management, leadership and planning skills with demonstrated ability to manage a team of technical people. Strategic thinking balanced with practical day‑to‑day execution. Excellent relationship‑building and senior stakeholder management skills. Ability to apply actuarial judgement where there is insufficient time to build a complex actuarial model. Prior reserving, capital and financial management experience is essential. Experience leading cross‑functional international teams is an advantage. Must be a Fellow of an established actuarial association (e.g., FSA, FIA, FIAA, etc.) or an equivalent actuarial body with extensive post‑qualification experience. Opening up a world of opportunity HSBC is 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. 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. Issued by The Hongkong and Shanghai Banking Corporation Limited. #J-18808-Ljbffr