Insurance Industry Risk Manager

5 days ago


Riyadh, Ar Riyāḑ, Saudi Arabia هيئة التأمين | Insurance Authority Full time

HiJob Description

Job Overview

This role involves supporting the supervision of insurance agencies to ensure compliance with regulations and best practices. The successful candidate will have experience in risk assessment, regulatory compliance, and operations management.

Main Responsibilities
  • Risk Assessment and Compliance
    • Conduct regular risk assessments of insurance agencies to identify potential risks and areas for improvement.
    • Evaluate implemented procedures and actions of agencies to ensure compliance with relevant regulations.
    • Support the management of ongoing compliance activities with established laws, regulations, and guidelines.
  • Operations Management
    • Implement policies, procedures, and controls to ensure compliance with procedural and legislative requirements.
    • Assist in preparing reports on supervision activities and findings, highlighting trends, risks, and areas for improvement.
    • Document recommendations based on best practices and international standards to promote operational excellence and compliance.
  • Communication and Stakeholder Management
    • Communicate regulatory expectations to agents and provide guidance on achieving and maintaining compliance.
    • Actively engage with enforcement and inspection departments to receive updates on compliance status and areas of concern.
    Requirements
  1. Education and Certifications
  • Bachelor's degree in Business Administration, Finance, Accounting, or any related specialization.
  • Relevant insurance certification is preferred.
Skills and Qualifications
  • Effective communication skills.
  • Teamwork and stakeholder management.
  • Results-oriented approach.
Work Environment

The ideal candidate will be based in Insurance Authority headquarters and will work closely with the regulatory team to achieve compliance objectives.



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