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Induction
A series of orientation activities designed to familiarise you with the new environment and prepare you for your first projects and attachments.
Core Placements
The programme offers a range of cross-border and cross-functional placements throughout the Asia-Pacific region aimed at developing a pipeline of regionally mobile insurance talent. In particular, Insurance Specialists will be provided with focused yet comprehensive development in the areas of underwriting, claims, actuarial, business development, reinsurance, insurance risk and financial management.
Insurance Specialists will choose among three streams at the beginning of the programme - Actuarial, Risk Management and Finance Management. Each offers a different range of placement areas and exposures and should be chosen based on individual career aspirations.
Actuarial
A highly specialised team responsible for overseeing product approval and profitability management, our Actuarial team ensures all life products manufactured in the Asia-Pacific region are approved. They assess inherent risks to ensure manageability and that pricing is appropriate and meets minimum profitability targets. The team also provides oversight on an actuarial valuation basis and ensures set assumptions are sound for financial reporting purposes.
Insurance Specialists choosing an Actuarial focus will undertake three attachments in the areas of Product and Pricing, Financial Reporting and Valuation, and Economic Capital Management.
Attachment locations and durations may be subject to change depending on business and individual development needs.
Risk Management
With the importance of risk consideration at HSBC, our Risk Management team builds a risk-aware culture across our Insurance business and ensures compliance with Group Risk governance standards and the Insurance Functional Instruction Manual (IFIM). They provide support to sites in developing and cascading complex Group initiatives such as Risk Appetite, as well as coordinating ICAAP reporting with Risk. They also support sites in their Risk Control Assessments (RCA) and Top Risk Analysis (TRA), and manage emerging risk issues.
Insurance Specialists choosing a Risk Management focus will undertake three attachments in the areas of Actuarial, Market Risk Management, and Enterprise Risk Management.
Attachment locations and durations may be subject to change depending on business and individual development needs.
Finance Management
Staffed by a team of Insurance Specialists, our Finance Management team leads and supports our Insurance businesses across the Asia-Pacific region in reporting consistency, Insurance Functional Instruction Manual (IFIM) compliance, and producing consolidated regional management information.
Insurance Specialists choosing a Finance Management focus will undertake three attachments in areas chosen from Financial Operations, Financial Reporting, Accounting Policy, and Management Information, Planning and Analysis.
Attachment locations and durations may be subject to change depending on business and individual development needs.
Overseas Attachments
Placements with core business areas around the Asia-Pacific region that offer regional exposure from a local perspective and opportunities to transfer skills and knowledge acquired in Hong Kong to other countries. Gain hands-on experience of how our regional Insurance functions operate and support our local businesses at the country level, along with the opportunity to continue to build a valuable network of business contacts around the Asia-Pacific region.
Group Graduate Development Programme
The Group Graduate Development Programme (GGDP) is a renowned scheme that brings together our top-performing talent for an intensive period of skill and experience development in the UK. The programme combines exposure to working in a multicultural environment with valuable opportunities for networking with peers and members of our senior management team from around the world.
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Regional Graduate Development Programme
The Regional Graduate Development Programme (RGDP) offers a unique career growth experience for those interested in combining a solid overview of our regional functions and strategy with the opportunity to expand their network across the Asia-Pacific region.
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Technical Training
An ongoing curriculum of management and insurance technical training offering the opportunity to acquire valuable leadership skills and technical insurance expertise.
Qualification Sponsorship
Insurance Specialists will enjoy continued access to sponsorship allowing them the opportunity to attain relevant and necessary professional qualifications in their area of expertise. Sponsorship includes attainment of insurance qualifications from bodies such as the Life Office Management Association, the Chartered Insurance Institute, and the Society of Actuaries.
Performance Management
Enjoy the benefits of performance assessments from line management every six months, complemented by feedback sessions with an executive mentor and Human Resources coaches.
Mentoring and Support
HSBC offers comprehensive mentoring and ongoing support at every turn through our structured development schemes. Participants will be assigned a mentor to provide coaching and guidance throughout the programme, augmented by a line mentor in each attachment to facilitate technical learning.
They will also be paired with a senior Insurance Specialist for guidance and advice throughout their development within Insurance.
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Networking and Events
Regular networking events over the course of the programme will offer opportunities to connect and build relationships with local and regional senior management.
Future
Insurance is one of the key business areas in which HSBC sees tremendous growth potential. With the importance of our wealth management proposition, Insurance Specialists will be provided with broad opportunities, both regionally and locally, to develop into future wealth management leaders. Opportunities will be provided based on the needs of the business and individual career aspirations, skills, experience, performance, potential and development needs.
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