Insurance, Gambling and Pension Supervision Section
Job Purpose:
Responsible to oversee the prudential and market conduct of regulated entities in order to ensure compliance and to achieve the sections overall goals and objectives.
Summary of Duties:
- Review and evaluate license and/or registration application made under the Insurance Act, 2008 and under the Gambling Act, 2014.
- Assist with corporate governance, internal controls, risk management issues.
- Process and approve changes in licensee’s structure.
- Review and approve products (for life insurance business).
- Assist in policy matters such as new products, laws and regulations, codes, guidelines, Memorandum of Understanding (MOU).
- Assist in the continuous review and update of application procedure manuals, fit and proper procedure manuals in accordance to international best practices.
- Assist in the development and implementation of financial consumer education programmes.
- Participate in undertaking market research for continuous improvement of the regulatory/supervisory framework for the various sector under its purview.
- Assist on on-site inspections.
- Assist in AML/CFT matters.
Minimum Entry Requirements:
- Degree in Insurance, Mathematics, Risk Management, Economics, Actuarial Science, Statistics, Finance, Accounting or a related field; or
- Professional qualifications in Insurance/Pension/Financial Planning/Finance and Accounting from a recognised professional body; and
- A minimum of 3 years of relevant working experience, of which at least 2 years should be within the insurance and gambling industry and/or insurance and gambling regulatory environment; and
- Relevant compliance, operational and managerial experience in financial services.
Salary:
Commensurate with qualifications and experience.
To Apply:
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: 15th October, 2021