Senior Asset Liability Management Manager
Hang Seng Bank Limited
Mongkok, Hong Kong
1d ago


A Career with Hang Seng Bank

Hang Seng is committed to service excellence. Our people are our most important asset and play a vital role in our efforts to continually enhance our performance for customers and provide best-in-class products and services.

We seek to attract high-calibre talent by offering a dynamic working environment, good career development opportunities and competitive compensation packages.

Senior Asset Liability Management Manager


Hang Seng Bank was one of Hong Kong's bancassurance pioneers with insurance business footprint started since 1965. Over the years, Hang Seng Bank has been committed to serve its customers by providing full spectrum of insurance products including Life Insurance manufacturing, distribution of General Insurance and Medical products, and MPF business.

Insurance is a fast-growing business and is one of the key drivers of Hang Seng Bank. As a well-established insurance entity, we take care of every need of our customers with an optimized service excellence through the Bank’s retail and commercial network, with a dedicated team of professionals in place.

We are currently seeking a high caliber professional to join our department as Senior Asset Liability Management Manager.

Principal responsibilities

  • Assist the CIO in asset liability management, particularly in relation to investment strategy formulation to allow HSIC management to better take on future market and regulatory challenges, allow for more flexibility and optimize shareholder / policyholder benefits, and review asset allocation upon new Risk Based Capital ( RBC ) and IFRS17 requirements
  • Lead the Fund Restructure Project and manage the segregation of L&A Funds as well as other funds into different new portfolios
  • Recommend and implement appropriate investment strategies; Contribute to asset liability management for all HSIC’s shareholders and policyholders funds, in particular in the development and review of Strategic Asset Allocation and Target Asset Allocation to optimize the risk / return profile
  • Build and maintain a sound investment risk framework for all investment risks and ensure corporate governance standards are met
  • Manage the processes, infrastructure and resources needed to deliver agreed team plans and targets, identifying and implementing improvements and collaborating with colleagues to maximise end to end integration, effectiveness and efficiency
  • Lead and encourage constructive cross-country and cross-business teamwork by demonstrating collaboration and matrix management in action and challenging actions and behaviours that are not consistent with HSBC's diversity policy and / or the best interests of the business and its customers
  • Keep abreast of global developments in the capital and insurance market and changes in regulatory, actuarial and accounting regime, particularly in relation to insurance investment management
  • Qualifications

  • University degree holder preferably in Business Administration, Actuarial, Finance, Accounting, or related discipline
  • Minimum 8 years of industry experience; Practical experience of investment & ALM in an insurance context an advantage
  • Strong investment knowledge; CFA / Fellow of a recognized actuarial organization an advantage
  • Strong analytical, quantitative and problem solving skills with ability to think outside the box and conceptualize solutions to complex issues;
  • Practical experience using Excel, VBA and stochastic modeling techniques an advantage

  • Excellent communication skills; Innovative and strategic thinker, results oriented
  • Proficiency in both English and Chinese
  • Great sense of ownership and servicing mindset to ensure efficient and effective customer service processes
  • Apply
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