Head of Economic Scenario Production, Actuarial, Global Insurance (Central, Hong Kong Island, HK)

HSBC
America/Chicago
Workplace: OnsiteFull timeFunction: Manufacturing & Production OperationsSkills: ["Governance","Leadership","Team coaching","Stakeholder management","Problem solving"]

Lead end-to-end ESG (Economic Scenario Generator) production for HK/GZ, ensuring monthly/quarterly delivery meets quality standards. Own calibration governance and methodology for IFRS 17 and HK RBC valuation, providing defensible updates tied to market movements. Serve as ESG Model Owner with robust documentation, controls, monitoring, and audit trail support. Drive process improvement and manage the ESG vendor relationship, while coaching teams to build quantitative capability and resilient operations.

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FursaFursa
HSBC
HSBC
2 days ago

Head of Economic Scenario Production, Actuarial, Global Insurance (Central, Hong Kong Island, HK)

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Last checked: 22 hours agoStatus: Live

Job Summary

Lead end-to-end ESG (Economic Scenario Generator) production for HK/GZ, ensuring monthly/quarterly delivery meets quality standards. Own calibration governance and methodology for IFRS 17 and HK RBC valuation, providing defensible updates tied to market movements. Serve as ESG Model Owner with robust documentation, controls, monitoring, and audit trail support. Drive process improvement and manage the ESG vendor relationship, while coaching teams to build quantitative capability and resilient operations.
Location: America/Chicago
Workplace: Onsite
Employment Type: Full time
Job Function: Manufacturing & Production Operations
Seniority: Sr. Director level

Key Responsibilities

  • •Lead end-to-end ESG production delivery across HK/GZ, meeting monthly and quarterly timelines and quality standards.
  • •Own calibration framework and governance to produce risk-neutral, market-consistent scenarios for IFRS 17 / HK RBC valuation.
  • •Direct calibration updates and provide clear, defensible commentary on market movements and their impacts to scenario outputs and valuation.
  • •Act as Model Owner for ESG, ensuring it remains up-to-date, fit-for-purpose, and compliant with model risk requirements with documentation, controls, and audit trail.
  • •Maintain production process and control, manage vendor relationship and enhancements, and lead/coach the team to build quantitative capability and operational resilience.

Key Requirements

  • •Fellow of an Actuarial Institute/Faculty (FIA/FSA/FSI or equivalent) with strong post-qualification actuarial experience.
  • •Proven quantitative modelling experience in ESG/stochastic modelling, derivatives/market risk models, Monte Carlo methods, and/or calibration optimisation.
  • •Strong expertise in interest rate modelling, yield curve construction, volatility modelling, and dependence/correlation concepts as relevant to ESG.
  • •Demonstrated ability to set, review, document, and defend calibration assumptions and methodology governance.
  • •Experience balancing model accuracy with production practicality, control requirements, and stakeholder needs (including auditors/regulators and model risk).
Experience:InsuranceActuarialStochastic modellingMarket riskIFRS 17
Skills:GovernanceLeadershipTeam coachingStakeholder managementProblem solving
Certifications:FIAFSAFSI
Tech Stack:ESG (Economic Scenario Generator)IFRS 17HK RBCMonte CarloCloud/distributed compute

Company Brief

HSBC
Global banking and financial services organisation offering retail, commercial, corporate and investment banking, wealth management, and global markets services across Europe, Asia, the Americas and the Middle East.
Industry: Banking
Company Size: Enterprise (1,001+ employees)
Revenue: USD 1B+
Growth: Public Company
Valuation: Public Company (Market Cap in USD)
Funding: IPO / Publicly Listed
Headquarters: London, United Kingdom
Founded: 1865
Glassdoor
Glassdoor: 3.6
WebsiteLinkedIn