Application Link: https://hsbc.taleo.net/careersection/by_invitation_only/jobdetail.ftl?lang=en_GB&src=UNIV-26200&job=0000LHNQ

HSBC Singapore Off-cycle Student Work Placement Actuarial (December 2025 Intake)

Applications for our Singapore Off-cycle Student Work Placement for Actuarial are now open.

Placement Period:      8 December 2025 onwards

Duration:                     25 weeks with the option to be extended up to 35 weeks

Work Arrangement:   Full-time or Work-Study Arrangement (partnership with NTU Work Study Degree Programme / SMU Work Study Elective)

Applications close:     31 August 2025 (As we recruit on a rolling basis, we highly encourage you to submit your application as soon as possible).

Opening up a world of opportunity

HSBC is one of the world’s leading international banks. Whether you are looking for a first job or taking the next step in your career, we offer many ways for you to realise your ambitions. Come and work with us and you'll have opportunities to make connections all over the world and help build the bank for the future.

With a network that covers 58 countries and territories, we have opportunities for you to develop your career in established and faster-growing markets. We serve our customers through our global businesses, which are supported by our operational and functional teams. Join a global community of over 200,000 colleagues and be part of something bigger.

At HSBC we’re interested in your skills, not what you studied. We welcome students from all backgrounds. With our support, you’ll build on the behavioural skills you have today to develop the technical skills required for the future. A career at HSBC could take you in directions you never imagined.

Our Singapore Student Work Placement opportunities are available in our Actuarial teams. The team provides a suite of actuarial services for HSBC’s global businesses by assessing, measuring, and managing uncertain future events.
 

What You Will Experience

The Off-cycle Student Work Placement for Actuarial will challenge you to use your existing skills and academic knowledge to add value to the bank and improve your professional and personal skills. You will receive practical training to complement your academic studies, embedding our values while growing your career. You will benefit from building your experience and banking knowledge in a real working environment and will be provided opportunities to take on responsibilities in a selection of interesting projects.

During this programme, you will be placed in one of the following teams where you can gain in-depth knowledge and exposure to actuarial practices:

• IFRS17 Valuation Reporting Team: Insurance contract liabilities valuation on IFRS17 basis.
• Local Valuation Reporting Team: Insurance contract liabilities valuation on Singapore Risk Based Capital (RBC) basis, experience analysis and monitoring.

You will be supported by our experts who are ready to pass on their knowledge and help you to understand the overall insurance operation, learn how to produce actuarial analysis, and develop a strong foundation akin to Actuarial professionals. Our global reach also means than you can expect to be part of a worldwide network, connecting and exchanging ideas with people of different cultures and backgrounds. 

Requirements

To be eligible for a place in the programme, you must be a Year 2, 3 or 4 undergraduate student, with availability from 8 December 2025 for a duration of 25-35 weeks. Candidates with Actuarial Science, Risk or Statistics specialisation are preferred.

You must possess:

• A keen interest and intention in pursuing Actuarial as a career.
• Candidates who are taking Actuarial exams / courses offered are preferred.
• A strong sense of numbers and accuracy.
• Proficient computer skills in Microsoft Word, Excel, and PowerPoint.
• Fluency in English.
• The legal right to work in Singapore.

Application Process

1. Please find below the Off-cycle Student Work Placement Actuarial job descriptions and corresponding job codes.
2. Submit your application here (https://hsbc.taleo.net/careersection/by_invitation_only/jobdetail.ftl?lang=en_GB&src=UNIV-26200&job=0000LHNQ) and indicate your preferred positions’ job code (e.g. SWPA001, SWPA002) when completing the application.

Job Code: SWPA001

Business Area: HSBC Life

Job Function: Actuarial - IFRS17 Valuation Reporting

Job Description:

• What to Expect: To provide support on business-as-usual work: setting Prophet run, Control & Governance, Documentation and/or other actuarial works, as well as ad-hoc project assigned
• Business Area Exposure: Life Insurance IFRS17 business valuation
• Job Responsibilities:

• Prophet Runs
  • To assist in setting Prophet model runs and extracting results for ad-hoc IFRS17 requests.
• Control & Governance
  • To automate and/or enhance the controls of Excel spreadsheets which used in IFRS17 valuation processes.
  • To perform/enhance controls on data used in IFRS17 valuation.
• Documentation
  • To assist in preparing documentation in accordance with HSBC requirements and standards.

• Who Can Apply:

• Actuarial Science, Insurance, Statistics or Data Science majors are preferable
• Interest in insurance business
• Proactive and motivated to learn

• Learning, Development, and Support:

• Enhance understanding of the upcoming global insurance accounting standard IFRS17
• Enhance understanding of valuation process
• Develop advanced Excel skills and/or Actuarial financial modelling software Prophet
• Opportunity to interaction with colleagues in a business setting

Job Code: SWPA002

Business Area: HSBC Life

Job Function: Actuarial - Local Valuation Reporting

Job Description:

• What to Expect: To provide support on business-as-usual work / ad hoc projects assigned
• Business Area Exposure: Life Insurance Business Valuation
• Job Responsibilities: Valuation process enhancement
  • Improve the efficiency of work process / run tools in various areas in valuation and reporting, including but not limited to enhancement of working templates, data exploration and transformation
  • Provide support to assigned ad-hoc valuation and reporting tasks
• Who Can Apply:
  • Actuarial Science, Insurance, Statistics, or Data Science major are preferable
  • Interest in insurance business
  • Proactive and motivated to learn
  • Good knowledge in Excel and/or any coding software e.g. Access/Python
• Learning, Development, and Support:
  • Enhance understanding of insurance contract liabilities valuation
  • Gain in-depth knowledge on insurance products
  • Develop advanced Excel skills
  • Opportunity to interaction with colleagues in a business setting

We encourage you to apply for your programme of choice as soon as possible, as we recruit on a rolling basis and may close applications before the advertised date if all vacancies are filled.

HSBC is an equal opportunity employer. All qualified candidates will receive consideration for employment regardless of their gender, ethnicity, disability, religion, sexual orientation, or age. To provide an easy and accessible recruitment process, we are committed to offering reasonable accommodations for individuals with disabilities. If you need us to adjust our recruitment process or provide additional support, please declare your disability in the application form.

If you have any questions, feel free to reach out to us at [email protected] . 

You’ll achieve more when you join 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.

Click here (https://www.hsbc.com/careers) to know more about HSBC and be part of something bigger.