Global Insurance Underwriting Risk Manager

18 hours ago


Hong Kong, Central and Western District, Hong Kong SAR China HSBC Full time
Job Summary

We are seeking a highly experienced and skilled Senior Manager to join our Global Insurance Underwriting Risk team at HSBC. The successful candidate will be responsible for providing an effective risk management framework for global life insurance underwriting and claims policy, ensuring commercially viable solutions.

About the Role

This Second Line of Defence role supports the Global Insurance CRCO team in identifying, assessing, managing, monitoring, and mitigating insurance underwriting risk across all insurance manufacturing territories in HSBC. The ideal candidate will have experience working with local and global Risk & Control Owners and other Risk Stewards.

Key Responsibilities
  • Develop and implement an effective risk management framework for global life insurance underwriting and claims policy.
  • Collaborate with global and local insurance risk management functions to enhance underwriting and claims management, and identify and remediate significant underwriting and claims risks.
  • Contribute to the overall underwriting and claims related governance, including Global and local forums.
  • Oversee comprehensive risk reporting to relevant forums, ensuring governance is clear and effective and material issues are escalated in a timely manner.
  • Partner with the FLOD on various insurance underwriting risk related developments and initiatives.
  • Support the FLOD in ensuring underwriting and claims MI/KRI/Risk Appetite are appropriately designed and implemented.
Requirements

To be successful in this role, you will need:

  • Educated to degree level or equivalent, with a relevant professional qualification.
  • A minimum of 10 years' experience in the Financial Services industry, either within a major financial organisation or regulatory body.
  • Expertise in life underwriting and claims management.
  • Understanding of the HSBC Group, its culture, policies, and procedures.
  • Experience of insurance markets and the manufacture and distribution of insurance products.
  • Understanding of the regulatory and distribution risks relating to insurance.
  • Excellent communication and influencing skills.

The estimated salary for this position is £120,000 - £150,000 per annum, depending on experience and location.



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