Insurance Regulatory Authority Assistant Manager Supervision Jobs in Kenya
Job purpose
The position is responsible for monitoring and reporting on the risk profiles of insurers on an ongoing basis to ensure that insurers are financially sound and stable.
Job specifications
Duties and responsibilities will entail:
Managerial/Supervisory responsibilities
Monitor and implement minimum requirements in relation to capital, governance and risk management to ensure safety and stability in the insurance industry.
Monitor and implement set out practices and steps to be followed for compliance ensure fair market practices in the industry.
Monitor compliance with AML/CFT Act by members of insurance industry to ensure effective reporting on AML/CFT issues to the Financial Reporting Centre.
Monitor and Implement policy guidelines, regulations and amendments in the Insurance Act for supervision of the insurance industry;
Monitor and implement risk profiling framework for proactive intervention focused on fostering insurance industry stability and consumer protection.
Implement the section’s standard operating procedures;
Train, develop, coach and mentor junior staff in the section;
Execute the section’s work plan, budget and procurement plan;
Implement, monitor and evaluate risk assessment framework for the section.
Operational Responsibilities / Tasks
Assess potential impacts of developments and trends arising out of regional and international supervision practices.
Prepare reports on off-site and on-site supervision of regulated entities;
Implement, monitor and evaluate the risk assessment framework for the section.
Prepare report for use at the supervisory colleges.
Implement policies on group-wide, cross-border, regional and international insurance supervision;
Implement the department’s standard operating procedures
Person specification
Master’s degree in Statistics, Insurance, Finance, Risk Management, Economics, Law, Business Administration, Commerce or its equivalent;
Bachelor’s degree in Commerce, Business Administration, Statistics, Insurance, Finance, Economics, Law, or its equivalent;
Six (6) years relevant experience;
Management Course lasting not less four (4) weeks Supervisory Course for not less than two (2) weeks;
Professional qualifications in Insurance or Accounting (ACII/AIIK/FLMI/CPA).
Member of a relevant professional body
Certificate in Computer Proficiency.
Meets provision of chapter six of the Constitution
Competencies and skills
Strong negotiation skills
Strong communication and presentation skills
Good mentorship and coaching skills
Leadership and supervision skills
How to Apply
For more information and job application details, see; Insurance Regulatory Authority Assistant Manager Supervision Jobs in Kenya
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