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Hampshire Whiteley, All
United Kingdom
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Full Time
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Senior Actuarial Analyst

Role Title: Actuary, Actuarial and Risk Analytics

Business: Risk Management

New or Existing Role? Existing

Grade: 5

Role Purpose

· Actuarial and Risk Analytics (ARA) is a centre of excellence established within Global Risk, providing actuarial and analytical services to insurance businesses across HSBC The team consists of 40 actuaries and risk experts, with backgrounds covering risk, actuarial and analytics, providing technical support and analysis to multiple territories across the Western hemisphere.

· The purpose of the role is:

· To contribute to the work produced by the ARA in the following areas for any country within our remit e.g. experience analyses, IFRS reporting, local statutory reporting, economic capital calculations, pricing, model governance and ad-hoc project work.

  • To contribute in the ARA input in the development, maintenance and improvement of the processes for the above activities.

Key Accountabilities

Impact on Business

  • To support the lead on relevant aspects of the ARA engagement with the global insurance entities related to experience analysis, modelling, IFRS reporting, local statutory reporting, economic capital calculations, pricing, model governance and ad-hoc project work.
  • Quality assurance of wider team’s deliverables including junior member’s deliverables

Customers / Stakeholders

  • Team leaders within ARA – acting as deputy when required within organizational limits of authority and scope of activity
  • Chief Actuaries of local insurance entities – makes recommendations for actions. Provides support for queries and recommendations
  • Management teams within insurance entities – making recommendations for actions.

Leadership & Teamwork

  • Maintains standards/requirements for actuarial work undertaken by the team
  • To contribute effectively to team meetings
  • To contribute to a productive team environment
  • Acts as career/study mentor to junior staff

Operational Effectiveness & Control

  • Ensures work undertaken meets best practice and recognized actuarial standards (internal manuals and external as set by professional bodies)
  • Ensures compliance with ARA quality control
  • Supports and mentors more junior members on improving operational effectiveness and control within the ARA

Role Dimensions

· Leadership on:

· Specific areas for insurance businesses e.g. IFRS reporting, local statutory reporting, economic capital calculations and ad-hoc projects,

· Knowledge of insurance product and regulations in overseas markets.

· New and emerging industry practice related to capital and technical provisions.

  • No direct budget

Management of Risk

· The jobholder will also continually reassess the operational risks associated with the role and inherent in the business, taking account of changing economic or market conditions, legal and regulatory requirements, operating procedures and practices, management restructurings, and the impact of new technology.

· This will be achieved by ensuring all actions take account of the likelihood of operational risk occurring.

· Also by addressing any areas of concern in conjunction with line management and/or the appropriate department.

Observation of Internal Controls

  • The jobholder will also adhere to and be able to demonstrate adherence to internal controls. This will be achieved by adherence to all relevant procedures, keeping appropriate records and, where appropriate, by the timely implementation of internal and external audit points, including issues raised by external regulators.

· The jobholder will implement the Group compliance policy by containing compliance risk in liaison with Global Head of Compliance, Global Compliance Officer, Area Compliance Officer or Local Compliance Officer. The term ‘compliance’ embraces all relevant financial services laws, rules and codes with which the business has to comply.

· This will be achieved by adhering to all relevant processes/procedures and by liaising with Compliance department about new business initiatives at the earliest opportunity. Also and when applicable, by ensuring adequate resources are in place and training is provided, fostering a compliance culture and optimising relations with regulators.

Knowledge & Experience / Qualifications


  • A nearly qualified or recently qualified actuary (FIA or equivelant) with up to 2 years post qualification experience.


  • Good knowledge of insurance products, regulation and financial reporting. Familiarity with products sold in Asia would be advantageous.


  • Ability to speak French, Spanish, Cantonese or Mandarin would be an advantage.


  • Desirable to have knowledge of Prophet and/or SAS, in addition to Excel and VBA.


  • Ability to communicate information in a confident and structure manner to all levels of management.
  • Ability to influence business managers, to establish and maintain co-operation.
  • Good organisational and planning skills.
  • Ability to operate within cross functional teams.
  • Flexibility to assist in other areas within the broader Actuarial and Risk Analytics team as requested.
  • Significant leadership and customer relationship management skills.

We are an equal opportunity employer and are committed to creating a diverse environment.

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