RBC AVP Actuarial

We are seeking an experienced and detail-oriented actuarial professional to join our client's team as an Assistant Vice President focused on Risk-Based Capital (RBC) projects. This role is based in Hong Kong and will primarily support the development, enhancement, and implementation of the RBC framework, in line with local regulatory requirements and best market practices.

The successful candidate will work closely with senior stakeholders across finance, actuarial modelling, risk management, and regulatory reporting functions. Responsibilities include ensuring compliance with updated RBC standards, supporting scenario testing and stress testing initiatives, and contributing to strategic asset-liability management decisions.

Key Responsibilities:

• Lead or support the development and implementation of RBC models, particularly in relation to the Fubon RBC SM framework.
• Work with cross-functional teams to ensure alignment of actuarial assumptions and methodologies with RBC requirements.
• Conduct capital impact assessments and scenario analyses under varying regulatory and market conditions.
• Support monthly, quarterly, and annual regulatory reporting processes as related to capital and solvency metrics.
• Interpret regulatory guidelines and provide recommendations on necessary changes to existing models and reporting processes.
• Engage in communication with regulatory bodies as required regarding RBC initiatives.
• Provide insights and presentations to internal stakeholders including senior management on capital management and related risk exposures.

Requirements:

• Qualified or near-qualified actuary with a recognised actuarial body (e.g., IFoA, SOA or equivalent).
• Minimum of 5 years’ actuarial experience, preferably within life insurance or regulatory reporting functions.
• Strong knowledge of risk-based capital frameworks, including experience with the Fubon RBC or similar frameworks in Asia.
• Proficient in actuarial software (e.g., Prophet, Axis) and programming skills (e.g., VBA, R, Python) would be an advantage.
• Excellent analytical, problem-solving, and project management abilities.
• Ability to communicate complex actuarial issues to both technical and non-technical stakeholders.
• Fluency in English; Cantonese or Mandarin proficiency a plus.