Actuarial Expert

4 days ago


Hong Kong Island, Hong Kong SAR China HSBC Full time

Company Overview

HSBC is a global banking and financial services organisation that provides a wide range of products and services to personal, commercial, corporate and institutional customers. Our company values include trust, respect, teamwork, innovation and responsibility.

The Global Risk team plays a critical role in identifying and mitigating potential risks that could impact our business and reputation. We are looking for talented professionals to join our team and help us achieve our goals.

Job Responsibilities

The jobholder will be responsible for leading the annual Own Risk and Solvency Assessment cycle, driving continuous improvements and ensuring the ORSA is sufficiently embedded in day-to-day risk management. They will also work with Finance to review and challenge the entity's IFRS17 reporting results, and review, challenge and approve the entity's capital reporting results.

In addition, the jobholder will set stresses and scenarios for internal and regulatory testing, and review, challenge and approve the entity's stress and scenario testing results. They will also review and challenge assumptions used for pricing, financial reporting and capital calculations, and review, challenge and approve pricing and product developments performed for the entities.

The jobholder will also review, challenge and approve key model developments by the entities, attend the entity's Model Oversight Forums, and review, challenge and approve actuarial aspects of reinsurance programmes and local reinsurance transactions.

Furthermore, the jobholder will review, challenge and approve policyholder dividend/crediting rate policy and declarations, and reviews of discretionary charges, to ensure fair outcomes for policyholders, appropriate consideration of shareholder implications and compliance with regulatory requirements.

  • Ensure 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.
  • Provide robust challenge to the Chief Actuary across all areas of actuarial activity and contribute in governance forums on matters of financial risk management.
  • Work closely with the subject matter experts in the Risk community to fulfill their responsibilities.


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