Regional Senior Insurance Traded Risk Manager - Global Risk

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.

Global Risk is a thriving and expert risk management function supporting HSBC globally with all aspects of risk management. The team actively manages a varied and dynamic range of risk types, including security, fraud, information security, contingency, geopolitical, operational, credit, pension, insurance, market and reputation risks. All parts of the Global Risk team use their skills, insight and integrity to handle established threats and those they see emerging, acting to protect and enable HSBC to deliver sustainable growth.

We are currently seeking a high calibre professional to join our team as a Regional Senior Insurance Traded Risk Manager.

Principal Responsibilities

As a member of the HBAP Insurance Traded Risk Team, this role is responsible for supporting the Insurance Businesses in Singapore, providing risk oversight to the Insurance entity in China and involving in various regional projects to support the growth of Insurance business across Asia Pacific.

During the integration of the acquired AXA Singapore Business and the existing Insurance site in Singapore (INSN), this role harnesses supports across functions and coordinates relevant tasks including identifying gaps in AXA investment and governance processes versus HSBC standards, formulating strategic planning and implementing optimal solutions. In view of the business ambition in Singapore, the job holder plays a key role in managing financial risks of Insurance and in the success of implementing a new target operating model in Singapore.

Working closely with AXA Singapore teams, Group Insurance Investment team and INSN Investment and Risk teams, this role will take a lead at Insurance Traded Risk to support the integration of the two Singapore entities, perform risk assessment and establish suitable risk appetite to cope with the business expansion, and partner with local traded risk team to provide ongoing market and credit risk management services to the Business.

• Work with local Insurance risk teams, regional and Group Insurance Traded risk and Credit Risk functions at various levels to provide oversight and support business growth across the region, with focus on Singapore and China
• Collaborate key functions across Actuarial, Investment, Finance and the local business management teams to support the overall business agenda
• Ensure effective transformation and integration of the two entities in Singapore, diversifying distribution strategy from bancassurance to agency channel carrying suitable and wider product suites, which are back by optimized asset portfolios
• Provide subject matter expertise support to the business, including review of strategic asset allocation, investment due diligent, review and challenge new product, product re-pricing, and contribution to develop risk mitigation strategy
• Oversee balance sheet risks and investment activities of the Insurance entities, establish appropriate risk measures
• Understand clearly the economics of Insurance portfolios and institute appropriate early warning tools to identify emerging market risk issues embedded and report these to management so that preventive and/ or corrective actions can be taken
• Assist Regional and Group Stakeholders to streamline and integrate market and Credit limit structure to Economic Capital framework

Ad hoc or project based tasks

• Handle ad hoc data and analysis requests raised by insurance sites, HBAP and Group Insurance
• Partner with Investment, Finance, HBAP and Group Insurance for the risk management requirements
• Enrich risk management process, design, test and track risk transparency initiatives

Admin & Infrastructure support

• Support system/process implementation and delivery of good practices to remove unnecessary complexity and increase stability
• Assist in collating Insurance bond portfolios' SPEAR data feeds, and relevant risk reporting
• Produce Management Information for Singapore, China, regional and Group meetings

Requirements

Requirements

• Quantitative skills in actuarial, advanced mathematics, or quantitative finance
• Experience in risk management, preferably within Insurance Asset and Liability Management
• Ability to understand and interpret insurance product structure and complex business requirements, highlight problems and offer solution
• Able to take responsibility and ownership of the role
• Ambition to move forward
• Solid communication skills, ability to influence partners within the Business and Risk Management function
• Mandarin desirable

You'll achieve more when you join HSBC.
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Issued by The Hongkong and Shanghai Banking Corporation Limited.