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

in Hong Kong
Permanent, Full time
Be the first to apply
Not Specified
in Hong Kong
Permanent, Full time
Be the first to apply
Not Specified
Senior Manager, Asset and Liability Management (ALM) - HSBC Insurance

The health and safety of our employees and candidates is very important to us. Due to the current situation related to the Novel Coronavirus (2019-nCoV), we’re leveraging our digital capabilities to ensure we can continue to recruit top talent at HSBC.  As your application progresses, you may be asked to use one of our digital tools to help you through your recruitment journey.  If so, one of our  Resourcing colleagues will explain how our video-interviewing technology will be used throughout the recruitment process and will be on hand to answer any questions you might have.

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.


Join our fast-growing Asia Wealth Management teams


HSBC Life is a world-class institution where 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 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 team of high-performing individuals to build skills and explore new experiences to realise the full potential of being part of HSBC. 


Together we pursue efficient ways of working. We harness the latest data and technology solutions to achieve meaningful outcomes for our clients. The protection we offer creates 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) - HSBC Insurance.


Principal Responsibilities

  • The jobholder of this new role will be tasked with the responsibility of working closely with local and group functions to develop the ALM model and strengthen ALM capability across the Group Insurance manufacturing entities, support annual Strategic Asset Allocation (SAA) reviews conducted by local entities, and lead the tactical hedging strategy
  • Support group balance sheet optimization and local investment teams in developing ALM model and strengthening ALM capability at Group and local entities.
  • Support group balance sheet optimization and investment teams in developing quantitative assessment of Strategic Asset Allocation (SAA) and Tactical Hedging Strategy, taking into account ALM and risk & return optimization objectives
  • 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 cashflow 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 Group Balance Sheet Committee (GBSC)


  • Solid 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 SunGuard Asset Liabilites 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 Hong Kong 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

Company Overview

HSBC is one of the world’s largest banking and financial services organisations. We serve more than 39 million customers through four global businesses: Retail Banking and Wealth Management, Commercial Banking, Global Banking and Markets, and Global Private Banking. Our network covers 66 countries and territories in Europe, Asia, the Middle East and Africa, North America and Latin America.

We aim to be where the growth is, connecting customers to opportunities, enabling businesses to thrive and economies to prosper, and ultimately helping people to fulfil their hopes and realise their ambitions.

Whether you are looking for a first job or taking the next step in your career, we offer many ways for you to realise your ambitions. Come and work with us and you'll have opportunities to make connections all over the world and help build the bank for the future.

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