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Vice President, Asset Liability and Capital Management - Global Functions

Salary undisclosed

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Job descriptionSome 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.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 bankInsurance 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 Vice President, Asset Liability and Capital Management.Principal ResponsibilitiesVP, ALCM will be supporting ALCM activities of INSP including capital management and liquidity management. The role-holder will perform analytics in relation to earnings and capital for ALCO deliberations. The role will serve as the secretariat for the Asset-Liability Committee (ALCO) meetings and responsible for organizing ALCO meetings, coordinating with various teams and preparing minutes.
  • Support capital management activities including capital injection, shareholder dividends, capital reductions etc
  • Support liquidity management including monitoring of liquidity positions in liquidity dashboard, liquidity stress testing. Support the optimization of liquidity / cash management across various portfolios of INSP
  • Perform analytics to support ALCO functions, including but not limited to analytics related to earnings, capital and product profitability
  • 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
  • Liaise with Group Insurance finance and bank finance teams for capital management related activities
  • 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
  • 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
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
To be considered for this role, the relevant rights to work in Singapore 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.