Supervision Officer
Insurance, Gambling and Pension Supervision Section
Job Purpose:
Assist in the implementation and maintaining of administrative procedures relating to licensing, supervision and compliance/enforcement of activities of FSA and undertake compliance checks on gambling/gaming operators licensed by FSA and ensure that approved standards and practices are adhered to.
Duties:
- Keep abreast of international supervisory standards and practices in the Insurance and Gambling Industry.
- Conduct the supervision of insurance and gambling activities as mandated by law (Seychelles Gambling Act, 2014 and Insurance Act, 2008 and its regulations, standards, policies and procedures and other related laws).
- Coordinate and facilitate liaison with licensees on matters related to their business activity requirements.
- Assist in the proper reporting of violations, breaches and failures or potential violations breaches and failures of licensees.
- Assist Financial Analyst in the review of Audited Financials, MRR and Management Reports.
- Plan and conduct On-site Inspections/Off-site Inspections (including night spot checks).
- Administer complaints and maintain the register of complaints.
- Assist in Request of Information with other organizations (local & International).
- Collect and consolidate statistics.
- Ensuring good business practices within the Insurance and Gambling sector through constant monitoring and analysis of business practice and compliance with statutory requirements.
- Review and provide recommendation of updates on supervisory regulations and procedures in accordance to international best practice.
Minimum Entry Requirements:
- Bachelor’s Degree in Insurance, Mathematics, Risk Management, Economics, Law, Actuarial Science, Statistics, Finance, Accounting, Business or a related field plus a minimum of two years of relevant working experience especially in the compliance area of the gambling sector.
- Professional qualifications in Insurance/Pension/Financial Planning/Finance and Accounting from a recognised professional body.
Salary:
Commensurate with qualifications and experience.
Application:
Please forward your covering letter, curriculum vitae, certificates, references and referees to:
Head of Corporate Affairs
Financial Services Authority
P.O. Box 991, Bois De Rose Avenue, Mahe
Email:recruitment@fsaseychelles.sc
Closing date of application: 8th March, 2024