Senior Manager, Asset and Liability Management (ALM) - HSBC Life

Singapore, Singapore
24 Nov 2022
29 Nov 2022
Job Function
Industry Sector
Finance - General
Employment Type
Full Time
Job description

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.

HSBC Life in Singapore is the combination of AXA Singapore and HSBC Insurance. Here you can specialise in Insurance but enjoy the advantages that come with being part of a leading global international bank.

Insurance is about people, and the promises they make. At HSBC Life in Singapore we help deliver on these promises by providing a wide variety of life insurance products and services to our clients throughout the Asia-Pacific region. Our employees enjoy a dynamic and innovative workplace and a world of opportunities to develop their careers in a high-profile growing business segment. We empower our combined team of high-performing individuals to build skills and explore new experiences to realise the full potential of being part of HSBC.

Together we will pursue efficient ways of working. We will harness the latest data and technology solutions to achieve meaningful outcomes for our clients. And the protection we offer will create broad and lasting impact, helping clients to be healthier, more productive and more confident in their futures.

We are currently seeking a high calibre professional to join our team as a Senior Manager, Asset and Liability Management (ALM).

Principal Responsibilities
  • Support group insurance ALM and local ALM teams in developing ALM model and strengthening ALM capability at Group and local entities
  • Oversee the quantitative assessment of Strategic Asset Allocation (SAA) and Tactical Hedging Strategy, taking into account asset & liability matching and risk & return optimization
  • Support and develop ALM optimization under IFRS17 framework
  • Contribute to and evaluate new product development and new investment initiatives from local statutory solvency, Return on Capital, Economic Capital and ALM point of view
  • Perform cash flow projection to better understand liquidity risk of different investment initiatives on the balance sheet
  • Support annual SAA review conducted by local entities
  • Regular production of ALM management information (MI) for senior management

  • 10+ years' experience in life insurance companies or consultancy firms
  • Qualified actuary
  • A clear communicator to engage with senior stakeholders across the business
  • Experience of Solvency II, knowledge of IFRS17 and Hong Kong local regulatory solvency requirement
  • Good understanding of participating and universal life products
  • Prior ALM experience and familiar with SunGard Asset Liabilities Stochastic (ALS) model
  • Strong quantitative and analytical skills; including ability to "think outside the box"
  • Fluent in English
  • Team player
To be considered for this role, the relevant rights to work in Singapore is required.

You'll achieve more when you join HSBC.

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.
  • You need to sign in to save