Senior Manager, Global Reinsurance

**Some careers have more impact than others.**

If you’re looking for a career where you can make a real impression, join HSBC and discover how valued you’ll be. 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 is a world-class institution where 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 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 realize 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, Global Reinsurance.**

**Principal Responsibilities**

Reporting to the Global Head of Reinsurance, Global Insurance. The role holder will be responsible for managing the global reinsurance policy, relationships and will work with the local insurance businesses to develop their reinsurance program to enable new business growth, efficient capital management, and optimal inforce management.

The role holder will assist / manage the reinsurance panel and ongoing relationships with the key reinsurers to maximize the support the Group gets and ensuring that reinsurance arranged is cost-effective, and optimal. It will involve working closely with local product, actuarial and underwriting teams to help them determine their reinsurance needs, to negotiate treaties, obtain necessary Group approval and ongoing reinsurance management.

The development of protection is a strategic priority, both as an important customer need and to improve the risk profile of manufacturing businesses. The role holder will work with local product teams in developing reinsurance program in the context of promoting protection propositions.

The role holder will need to work with local entities and global functions to design, and execute strategic reinsurance transactions to optimize capital.

Reinsurance:

- Manage the overall reinsurance relationship globally with all providers
- Manage the transition of reinsurance management from 2nd line to 1st line in the company
- Develop and maintain the approach to selecting reinsurers
- Manage the engagement of external / internal reinsurance for significant initiatives
- Monitor and be equipped with updates and latest developments in the reinsurance market
- Give advice and support countries on matters relate to reinsurance
- Work with the local insurance businesses to develop their protection propositions, via reinsurance supports

Capital Optimization:

- Work with local insurance business, and group functions to Identify inefficiency in capital management
- Identify optimal reinsurance structure to mitigate the inefficiency. (external and internal)
- Collaborate with local and group insurance functions to execute these reinsurance transactions

Product Development Support:

- Support in designing global product strategy
- Support in design, and potentially lead the roll out of the reinsurance program that enable protection focus proposition across key global markets
- Monitor and ensure reinsurance program are updated on developments on industry protection strategy in key markets

Customers / Stakeholders
- Manage the overall reinsurance relationships globally
- Drive engagement with local business unit / countries on reinsurance
- Manage group functions with reinsurance matters
- Manage the selection of reinsurance providers

Leadership & Teamwork
- Without having direct authority over the local product teams, work collaboratively with them on the reinsurance and protection strategy
- Work with colleagues in the Product Function and the local Chief Actuaries to ensure that the reinsurance and protection are consistent with the intended product management policies, and business strategy
- Works in a consultative manner to build capability in progressing objectives, but does not lose sight of the overall objective
- Acts in a manner that transparently promotes the organizational values and delivers in an aligned manner
- Cultivates an environment that supports diversity and reflects the company brand

Operational Effectiveness & Control
- Ensure seamless hand-offs to the local Product Heads and I