Senior Manager - Life Assurance
Isle of Man
Permanent
Our client seeks a Senior Manager - Life Insurance to join their team.
The Role: In conjunction with the Head of Prudential Supervision lead the supervision of the life insurance sector, encompassing both prudential and conduct supervision. The role also involves external stakeholder engagement, being a strong contributor to the strategic direction of the Authority, and the maintenance and future development of the Island's life insurance regulatory framework in line with international standards
Key Responsibilities
- Lead and develop the life insurance supervision team, ensuring effective resource utilisation and delivery of supervisory objectives
- Develop, oversee, and deliver comprehensive supervisory plans by insurer and thematic focus areas
- Foster and maintain productive working relationships with the life insurance industry and key stakeholders
- Contribute strategically to senior management team decisions and lead critical workstreams and projects
- Oversee delivery of supervisory methodology including inspections, thematic reviews, and business engagement
- Review and prepare supervisory risk assessments at firm and sector level
- Identify emerging risk trends and develop appropriate supervisory themes and responses
- Manage complex regulatory issues with insurers and guide resolution strategies
- Oversee assessment of authorisation and registration applications under relevant insurance legislation
- Ensure appropriate review of statutory returns and regulatory submissions
- Lead on-site inspections from planning through to report completion
- Develop and maintain relationships with industry, government departments, and international regulators
- Handle public enquiries and complaints in a professional and efficient manner
- Prepare and present reports on regulatory matters and emerging issues
- Develop and maintain robust systems, procedures, and controls for the supervision team
- Support external assessments and regulatory reviews
- Champion positive cultural change and performance management across the organisation
Skills & Experience Required
Essential
- Extensive experience in life insurance regulation, supervision, or related financial services areas
- Proven track record in team leadership and management with demonstrable people development skills
- Strong understanding of prudential and conduct regulatory frameworks
- Experience in stakeholder engagement and relationship management at senior levels
- Excellent analytical and problem-solving capabilities
- Outstanding written and verbal communication skills
- Ability to contribute strategically to senior management decisions
- Experience in managing complex regulatory projects and workstreams
- Knowledge of international regulatory standards and best practices
Desirable
- Professional qualifications in insurance, finance, or related disciplines
- Experience working with regulatory authorities or similar organisations
- Knowledge of risk-based supervisory approaches and methodologies
- Experience in regulatory policy development and implementation
- Understanding of international regulatory cooperation and information sharing
Your specialist: Anne Murray
Quote job ref: 16403
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.
