HSBC Life (UK) is a wholly-owned subsidiary of the HSBC Group and provides protection and investment products to customers of HSBC Bank and externally through third-party providers in the marketplace. As a manufacturer and distributor of insurance products, we require a strong actuarial presence to fulfil regulatory duties and support the business.

Within HSBC Life (UK) we pride ourselves in having an environment where actuarial students can thrive, being sufficiently challenged by the work they are set while working within a supportive, friendly and inclusive culture. As is evidenced by the low turnover among permanent staff, HSBC is a place where anyone can feel welcome and aided through their career development. Being part of HSBC Life (UK) gives you the ability to make an impact within a self-contained company while benefiting from the support, opportunities and rewards of working for the HSBC Group.

Permanent actuarial roles are advertised in the marketplace as and when they arise but we also have a regular requirement for entry-level roles. We offer ‘one year in industry’ university placement trainee roles and fixed term graduate traineeships after you have completed your university course. While with HSBC, this gives you the opportunity to assess if the actuarial career is right for you, and graduates are able to apply for any permanent positions that may arise during their contract.

As a trainee you will be working in roles that are integral to the actuarial support provided to the business, including producing monthly/quarterly MI and working with specialist actuarial software and models to output results used in regulatory reporting or pricing activities. With these roles we offer the chance to experience a variety of tasks, working within pricing, Solvency II Valuation, IFRS17 and Modelling. This will ensure that students are best equipped to overcome any challenges they are faced with later in their careers.

You will be supported in your development via mentorship with a permanent actuarial analyst and may receive study support to complete actuarial exams. Permanent students are provided with a study package that is well-placed in the market. We also offer vocational training where relevant, for example if an employee wishes to specialise in a particular programming language.

You will be invited to various company events throughout the year, both within the actuarial community and the wider business, for example community volunteering, social activities and offsite events where all staff from various departments can come together to reflect on HSBC’s progress over the year.

Actuarial trainee roles may be available in the London or Whiteley (near Southampton) offices. Placement student recruitment is carried out in the autumn to start the following summer, while graduate trainee recruitment occurs throughout the year as and when roles arise.