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Risk Management and Compliance Professional for Insurance Firms
1 week ago
The Insurance Authority seeks a seasoned Risk Management and Compliance Professional to manage and mitigate risks within the insurance sector.
- This role involves conducting thorough risk assessments, evaluating operational procedures, and ensuring adherence to regulatory standards.
- The professional will work closely with insurance brokerages to ensure their compliance with relevant regulations.
Main Responsibilities:
Evaluate the financial stability of insurance companies and identify potential risks.
- Develop strategies to mitigate identified risks and enhance operational efficiency.
- Review and assess non-licensing requests from insurance companies.
Collaborative Responsibilities:
- Engage with insurance companies to communicate regulatory expectations and best practices.
- Support the development of reports detailing supervision activities.
- Collaborate with the Insurance Authority's leadership to inform strategic decisions.
Requirements:
- Significant experience in risk management, regulation, and compliance within the insurance sector.
- Prior experience in government or regulatory bodies is highly valued.
- Advanced degree in a relevant field, such as business, finance, or law.
- Relevant certifications, like CIC or CISR, are highly advantageous.