Enterprise-wide Frameworks Director - Global Insurance Finance

Job description

Some careers grow faster than others.

If you're looking for a career that will give you plenty of opportunities to develop, join HSBC and your future will be rich with potential. 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 Finance is integral to HSBC's purpose and strategy, playing a valued role in managing costs and deploying capital in the most effective way. Our global team of finance professionals partner with the business to provide trusted insights and forward looking analysis; accuracy; efficiency and control to frame and influence business decisions.

We are currently seeking a high calibre professional to join our team as Enterprise-wide Frameworks Director.

The Governance and Frameworks team is responsible for driving consistency and quality across the Global Insurance Finance function, covering three key areas: Data and Model Governance, Corporate Governance, and Enterprise-wide Frameworks.

The role holder would be accountable for designing, implementing, and maintaining all Enterprise-wide Frameworks across Global Insurance Finance, including:

• • Designing and implementing frameworks that standardise, guide, and govern core finance processes, including reinsurance, hedging, stress testing, environmental scenario analysis and reporting, Annual Actuarial Basis Reviews, capital optimisation, etc.
  • Ensuring frameworks include sufficient, principles, standards, and guidance on (i) data, (ii) processes, (iii) controls, (iv) R&C and Governance, (v) analysis and MI requirements, (vi) roles, responsibilities, and engagement, and (vii) purpose and usage
  • Engaging key stakeholders across all lines of defence to ensure frameworks consider and reflect the requirements and expectations of relevant processes and regulations
  • Engaging core process owners to support with implementing and embedding frameworks within BAU practice
  • Acting as a 1LoD review and challenge of framework implementation and associated output to ensure consistency and quality across the function
  • Monitoring and, where required, updating frameworks on an ongoing basis for the latest industry and regulatory developments

The role holder would also be required to play a key role in driving broader team initiatives and contributing to its overall objectives:

• • 1LoD review of GI Finance Governance materials across committees to improve quality of materials, the efficiency of meetings, and the effectiveness of decision making.
  • Providing thorough technical 1LoD R&C across GI Finance outputs and materials (e.g. forecasts, actuals / disclosures, scenario analysis / stress testing, capital and liquidity management, ALM updates, reinsurance proposals, hedging proposals, early warning indicators / management action triggers, etc.).
  • Producing high-profile Global-level Insurance Governance materials (e.g., GAC, GRC)
  • Conducting ad-hoc, independent investigations into emerging / hot topics.
  • Engaging in frequent interaction with wider teams across Insurance (Business, Risk, Strategy, Capital, etc.) and the Bank.
  • Providing regular feedback, coaching and guidance and to act as the point of escalation to manage risks and issues.
  • Nurturing strong internal and external networks to stay abreast of sector developments, trends and leading practices to continuously enhance GI Finance Governance and frameworks, and operations of the team
  • Closely work with global and regional stakeholders in Global Insurance Finance

• • Professional relationships maintained at all times with all stakeholders such that they have confidence in the views, assessments and findings of the team.
  • Drive standardisation and consistency of approach across teams
  • Values diverse cultures and contributions, drives high standards of delivery in others.
  • Strong leadership of teams and projects through effective communication, collaboration, and planning / management.

Requirements

Requirements

• • Strong understanding of Insurance products / business models, accounting standards, actuarial concepts and techniques, and regulatory regimes (e.g., Risk-Based Capital)
  • Results-oriented with a strong focus on achieving measurable outcomes.
  • Ability to work under tight deadlines with multiple, important priorities.
  • Commercial awareness to ensure balance between business needs and effectiveness of Governance and frameworks.
  • Ability to effectively influence key stakeholders and establish credibility with senior management through constructive challenging and substantiating views with solid evidence / rationale.
  • Excellent communication, presentation, and interpersonal skills to work effectively across geographies and matrix reporting lines.
  • Strong leadership and team management skills
  • Bachelor's degree in Finance, Accounting, Business, Actuarial, Economics, or a related field
  • Solid experience in finance, with a strong technical background in life insurance and a proven track record of driving large-scale transformation / change
  • Proven track record of delivering high-quality output with buy-in from senior stakeholders
  • Experience working with globally dispersed teams and cultures
  • Experience working in, and navigating, large and complex global organizations, is highly valued

You'll achieve more when you join HSBC.

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Issued by The Hongkong and Shanghai Banking Corporation Limited.