Vice President, Financial Risk Management (Market & Credit Risk) - HSBC Life

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. 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 Vice President, Financial Risk Management (Market & Credit Risk).
In this role you will:
Risk appetite and oversight: Develop and maintain proportionate risk appetites, limits, governance standards and control frameworks covering market, counterparty credit and other financial risks. Monitor exposures arising from insurance balance sheets, investments and transactions, including interest-rate, foreign-exchange, spread, equity, commodity, liquidity and basis risks. Assess concentration risks, correlations, vulnerabilities and wider impacts.
Investment and business challenge: Provide independent expertise and challenge on strategic asset allocation, investment due diligence, new products, repricing, asset–liability management, hedging, rebalancing and changes to investment mandates or risk capacity. Evaluate risk–return, capital, liquidity and operational implications.
Stress testing and emerging risks: Assess the potential impact of macroeconomic, geopolitical, regulatory, climate-related and market developments. Evaluate stress events, market dislocation, counterparty deterioration, collateral movements and changes in creditworthiness. Escalate emerging risks and recommend mitigating actions.
Analytics and reporting: Review and challenge risk models, methodologies, assumptions, data and analysis. Validate reporting for senior management and governance committees, including exposures, limit utilisation, concentrations, stress testing, sensitivities, breaches, exceptions and emerging risks.
Capital and regulatory support: Support the analysis of the impact of market and credit risks on capital and IFRS 17 balance sheets, including Solvency 2 and wider financial risk management activities. Contribute to risk reporting and the Own Risk and Solvency Assessment, ensuring outputs meet regulatory, governance and quality standards.
To be successful you will need:
Solid experience in market, counterparty credit or investment risk within a complex financial institution
Strong knowledge of financial markets, investment products, derivatives, hedging, asset–liability management and emerging asset classes.
Strong stakeholder management and influencing skills across risk, investment, finance, actuarial and business functions, including translating relevant policies and standards into pragmatic transition outcomes for the business.
Proven ability to write and maintain high-quality governance documentation and evidence suitable for senior forums and regulators
Relevant professional qualification or advanced degree in risk management, actuarial science, finance, investment or other related disciplines. Relevant qualifications may include FRM, CFA, actuarial or accountancy credentials.
You’ll achieve more at 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.
Candidates with less relevant experience or skills may be offered a lower Global Career Band than stated above.
Issued by HSBC Life (Singapore) Pte. Ltd.
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