Role Title: Actuarial Analyst Business: Retail Banking and Wealth Management New or Existing Role? New Grade: GCB6 This role can be based in Southampton or London
HSBC requires individuals who can provides actuarial and analytical services to HSBC stakeholders across several HSBC entities.
This specific role sits within the Malta Actuarial Function reporting to the Chief Actuary, providing a wide range of actuarial services to the Malta Insurance entity. There may be an opportunity to rotate into other actuarial teams within the HSBC group for personal development.
The purpose of the role is:
To contribute to the actuarial and analytical work produced in the following areas -. Experience analysis, Financial reporting, local Regulatory reporting, Economic Capital, Annual Operating Plans, Projected balance sheet positions, Scenarios and Sensitivity assessments, Capital Buffer and Dividend proposals, Annual and Terminal Bonus declarations for With-Profits business, Asset Liability Matching, Reinsurance tenders, Model development and governance, Pricing and Profitability Assessments; and other ad-hoc project work such as IFRS 17.
To contribute to the development, maintenance and improvement of the processes for the above activities.
Key Accountabilities Impact on Business
To contribute to the actuarial and risk integrity of the work of the business.
To undertake various activities within the Malta Actuarial Function, including data preparation, experience analysis, modelling, IFRS reporting, local statutory reporting, economic capital calculations, pricing, model governance and ad-hoc project work.
To execute various controls within actuarial activities and ensure that the outcome of these are communicated to management as required.
Customers / Stakeholders
Provide actuarial and analytical support to stakeholders and other senior team members within HSBC
Provides support for queries and analysis as required by stakeholders and colleagues in the team
Leadership & Teamwork
To contribute effectively to team meetings
To contribute to a productive team environment
To oversee work undertaken by junior Actuarial Trainees.
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 applicable quality control
No direct budget
Management of Risk
The jobholder will consider and allow for 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 including relevant procedures, record keeping, where appropriate, by the timely implementation of internal and external audit points, including issues raised by external regulators.
An actuarial student or actuarial professional who has given up exams (FIA or equivalent) with at least one-year experience undertaking actuarial work. - Essential
Is able to apply knowledge of financial services products to a working environment - Desirable.
Knowledge of Excel, VBA, SAS and/or Prophet - Desirable
Good understanding of the actuarial activities carried out in a Life Insurance company and appropriate level of product knowledge - Desirable
Ability to communicate information in a confident and structure manner to all levels of management. - Desirable
Ability to influence business managers, to establish and maintain co-operation. - Desirable
Good organisational and planning skills. - Desirable
Ability to operate within cross functional teams. - Desirable
Significant leadership and customer relationship management skills. - Desirable
We are a diverse workforce and it is part of our organizational culture, it reflects our belief that diversity of thought, background and perspective make HSBC a stronger organization. We strive to implement a culture that is inclusive, diverse, positive and performance-oriented. Having a diverse workforce allows us to benefit from a variety of perspectives and strengthens our local and global competitiveness. We value diversity in our workforce and encourage all qualified candidates to apply from a variety of perspectives and strengthens our local and global competitiveness. We value diversity in our workforce and encourage all qualified candidates to apply.
As a business operating in markets all around the world, we believe diversity brings benefits for our customers, our business and our people. This is why HSBC is committed to being an inclusive employer and encourages applications from all suitably qualified applicants irrespective of background, circumstances, age, disability, gender identity, ethnicity, religion or belief and sexual orientation.
We want everyone to be able to fulfil their potential which is why we provide a range of flexible working arrangements and family friendly policies.