Job Description

The purpose this position is to supervise the activities of insurance entities within financial conglomerate groups in respect of prudential regulations relating to governance and management of all risk types. The scope of risks regulated includes insurance, cyber, counterparty, credit, liquidity, underwriting, market, solvency, operational risks, etc

Detailed description

The successful candidates will be responsible for, among other tasks, the following:


Supervising, overseeing and participating in supervisory practices, including contributing towards maintaining a financially sound and stable insurance sector, in particular, and the overall financial services sector assessing compliance with prudential regulations and applicable financial soundness standards identifying cross-sectoral risks and devising appropriate measures to contain them implementing a risk-based, pre-emptive, outcomes-based and integrated supervisory framework refining the supervisory approach by introducing prudential supervisory best practices contributing towards the development of processes and procedures for effective implementation of the Insurance Act and related prudential standards knowledge of, and experience in, the financial system, financial products, and related risk models and systems; review and evaluation of the adequacy and appropriateness of the own risk and solvency assessment (ORSA) submissions of each insurer for their specific risk profile deploying effective supervisory tools for monitoring insurers' exposure to the above risks identifying cross-sectoral risks and devising appropriate measures to contain them ensuring the sufficiency and appropriateness of capital and solvency requirements of the assigned insurance entities with respect to all prudential risks ensuring insurers' risk management practices and governance structures are adequate analysing and interpreting risk-based regulatory returns financial analysis Provide guidance and direction to subordinates, including setting performance standards and monitoring performance Make valuable contribution to prudential regulation matters relating to financial conglomerates Contribute towards attainment of department strategic objectives Mentor, train and motivate staff towards attainment of a common goal * Manage the attainment of operational objectives.