Insurance Sector Governance Specialist

4 days ago


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

The Insurance Authority is seeking a skilled Insurance Sector Governance Specialist to support the supervision of insurance brokerages.

  • This role involves conducting risk assessments, reviewing compliance activities, and providing guidance to brokerages.
  • The specialist will analyse operations, evaluate procedures, and ensure compliance with relevant regulations.

Key Responsibilities:

Conduct risk assessments to identify potential risks and vulnerabilities in insurance companies.

  • Evaluate implemented procedures and actions to ensure compliance with relevant regulations.
  • Assess financial health indicators such as liquidity, solvency ratios, and capital adequacy.

Supportive Responsibilities:

  • Review approval/non-objection requests from insurance services companies.
  • Communicate regulatory expectations and provide guidance on achieving compliance.
  • Develop reports on supervision activities and findings.
  • Provide support to the Insurance Authority's leadership for strategic decision-making.

Requirements:

  • Relevant experience in insurance brokerages, inspection, and compliance.
  • Prior experience in government sector or regulatory bodies is preferred.
  • Bachelor's degree in Business Administration, Finance, Accounting, or related specialization.
  • Relevant Insurance certification is preferred.


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