Senior Manager - Life Assurance

Isle of Man
Permanent
Our client seeks a Senior Manager - Life Insurance to join their Prudential Supervision Division.
 
Along with the head of the department, you will lead the supervision of the life insurance sector, encompassing both prudential and conduct supervision. The role also involves external stakeholder engagement as well as contributing to the maintenance and development of the Island's regulatory framework in line with international standards.
 
Key Responsibilities:
  • Oversight of the delivery of the Supervisory Methodology for the life insurance sector, including all supervisory activity and engagement (including conducting a range of thematic work, inspections and business meetings).
  • Review and / or prepare supervisory risk assessments for the life insurer portfolio at firm and sector level.
  • Identify and assess potential risk trends and supervisory themes.
  • Management and delivery of difficult issues with insurers.
  • Oversight of the assessment of all relevant proposals for authorisation and registration under the relevant insurance legislation.
  • Oversight of on-site inspections including, preparation, carrying on and drafting reports.
  • Develop and maintain effective relationships with Government Departments, regulators and other organisations, including bodies outside of the Isle of Man.
  • Ensure that public enquiries (including complaints against insurers) are dealt with timely and efficiently in a courteous and constructive manne
  • Preparation and presentation of reports on appropriate matters and events.
  • Develop and maintain systems, procedures and controls applicable to the life insurance supervision team.
  • Ensure the accuracy, validity, completeness, timeliness and consistency of data when processing in internal systems.
  • Provide oversight and governance (monitoring, reporting and communicating) to manage the life insurance supervision team.
  • Carry out such other duties as may be delegated; these may involve matters outside of the parameters set out above from time to time, including working on ad-hoc projects.
 
Key Skills & Experience:
  • Hold a relevant professional qualification.
  • Extensive relevant insurance, or equivalent industry experience in an operational, compliance, assurance, risk, or audit role.
  • Proven experience in a leadership/management role.
  • Extensive working knowledge of the financial services sector and associated legislation, regulation and guidance including understanding of the broader finance industry including trends and developments.
  • Strong people management, coaching, and leadership skills
  • Proven ability to build and maintain working relationships with both internal and external stakeholders at all levels including the ability to influence and negotiate.
  • Strong analytical skills, ability to assimilate information quickly and accurately.
  • Ability to demonstrate strategic thinking.
  • Demonstrates highly effective interpersonal, verbal, and written communication skills.
Your specialist: Anne Murray
Quote job ref: 16228

Hi, I'm your specialist Anne and I can't wait to hear from you about this job. You can simply submit your CV or call me on 678144 with any questions.

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