VP, Asset Liability Management

2 months ago

Singapore HSBC Full time
Job description

Some careers open more doors than others.

If you’re looking for a career that will unlock new opportunities, join HSBC and experience the possibilities. 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.

HSBC Life in Singapore is the combination of AXA Singapore and HSBC Insurance. Here you can specialize 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 in Singapore 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 combined team of high-performing individuals to build skills and explore new experiences to realise the full potential of being part of HSBC.

Together we will pursue efficient ways of working. We will harness the latest data and technology solutions to achieve meaningful outcomes for our clients. And the protection we offer will create 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 VP, Asset Liability Management (ALM).

Principal Responsibilities

The Asset-Liability Management (ALM) Specialist will be part of the Asset-Liability Management team, primarily responsible for two broad areas: supporting the asset-liability management function and serving as the secretariat for the Asset-Liability Committee (ALCO) meetings. This role involves managing ALM strategies to achieve optimal risk-adjusted returns while ensuring capital and solvency efficiency and organizing ALCO meetings as coordinating with various teams for ALCO related topics.

ALM Role:
  • Drive and formulate ALM strategy to achieve efficient allocation and utilization of resources
  • Develop and maintain ALM models to support optimal risk-adjusted returns for the portfolios
  • Provide support to the development of new insurance products by integrating ALM insights and strategies
  • Collaborate with investment teams, Group Insurance ALM teams, and other HSBC Life entities on strategic initiatives
  • Act as a subject matter expert on ALM-related issues within HSBC Life Singapore, providing guidance and raising awareness of the importance of ALM
  • Work closely with various teams to incorporate ALM best practices into business processes
  • Proactively identify opportunities for improving ALM and capital efficiency
  • Report ALM activities to local and group stakeholders, providing clear and detailed updates on ALM performance and strategy
  • Conduct stress testing and identify emerging risks to manage the entity's capital and liquidity position effectively
  • Provide financial risk management oversight, including recommending financial and insurance risk appetites and limits, and evaluating the asset and liability impact of strategies and business plans
  • Enhance economic profit by improving net profits and promoting efficiency in the use of capital and funding
ALM Secretariat Role:
  • Ensure that all ALCO issues are captured, monitored, and controlled by senior management through effective meeting organization and documentation
  • Organize ALCO meetings, ensuring all necessary materials and papers are submitted on time
  • Prepare and maintain accurate minutes of ALCO meetings, ensuring follow-through on action items and decisions
  • Liaise with various teams including Finance, Actuarial, Risk, Investment, and ALM to ensure comprehensive preparation for ALCO meetings
  • Maintain strong relationships with key stakeholders, ensuring alignment and communication on ALCO-related topics
  • Foster a collaborative environment, ensuring effective teamwork across functions and timely submission of ALCO papers and materials
  • Coordinate with multiple teams to ensure timely submission and thorough preparation of ALCO papers and materials
  • Ensure compliance with investment policies, risk limits, and regulatory requirements related to ALCO activities
  • Provide clear and detailed updates on ALCO-related topics to local and group stakeholders
Requirements
  • University graduate above with experiences in insurance industry
Knowledge and experience:
  • 8 to 12 years of professional experience in insurance or consultancy firms
  • Prior experience in actuarial, investment, or ALM roles
  • Familiarity with actuarial modelling, RBC2, and IFRS17
  • Proficiency in asset and liability modelling
Competencies:
  • Strong verbal and written communication skills
  • Ability to collaborate with internal and external stakeholders
  • Excellent analytical and technical skills
  • Strong team player with the ability to work independently
  • Detail-oriented with strong organizational and planning skills
  • Results-oriented, delivering high-quality results consistently and in a timely manner
  • Strong ability to organize and manage meetings, ensuring effective coordination and documentation
You’ll achieve more when you join HSBC.

www.hsbc.com/careers

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.

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