Manager: Insurance Supervision

24 hours ago


Pretoria, South Africa South African Reserve Bank Full time

The main purpose of this position is to supervise the activities of insurance entities within insurance groups in respect of prudential regulations relating to governance and management of all risk types. The scope of risks regulated includes insurance, cyber, counterparty, credit, liquidity, underwriting, market, solvency, operational risks and so forth.
Detailed Description

- Supervise, oversee and participate in supervisory practices.
Contribute towards maintaining a financially sound and stable insurance sector and the overall financial services sector.
- Assess compliance with prudential regulations and applicable financial soundness standards.
-- Install a risk-based, pre-emptive, outcomes-based and integrated supervisory framework.
Contribute towards the development of processes and procedures for effective implementation of the Insurance Act 18 of 2017 (Insurance Act) and the prudential standards.
- Review and evaluate the adequacy and appropriateness of the own risk and solvency assessment (ORSA) submissions of each insurer for their specific risk profile.
- Refine the supervisory approach by introducing prudential supervisory best practices.
-- Deploy effective supervisory tools for monitoring insurers’ exposure to the above risks.
-- Identify cross-sectoral risks and devise appropriate measures to contain them.
Ensure the sufficiency and appropriateness of capital and solvency requirements of the assigned insurance entities with respect to all prudential risks.
- Ensure that insurers’ risk management practices and governance structures are adequate entities and analyse and interpret risk-based regulatory returns.
- Provide guidance and direction to subordinates, including setting performance standards and monitor performance.
- Make valuable contribution to prudential regulation matters relating to insurance groups.
- Contribute towards attainment of departmental strategic objectives.
-- Mentor, train and motivate staff towards attainment of departmental goals.
-- Manage the attainment of operational objectives.
-Job Requirements

- a postgraduate degree in Finance, Accounting, Insurance, Banking or Economics;
-- eight years’ experience in the financial services or financial regulatory sector; and
-- two years’ proven experience of managing a team.
-Additional requirements include
the insurance core principles;
- conversant with the insurance reserving requirements, at both a theoretical and practical level;
- knowledge of the modern principles, practices and techniques of prudential supervision.
working knowledge of the Insurance Act, Insurance standards, Companies Act 71 of 2008 and associated laws and regulations;
- understanding of key regulatory issues facing insurance companies and insurance groups;
-- knowledge of, and experience in the insurance system and insurance products, risk models and systems;
-- thought leadership;
-- professionalism and strong ethical values;
-- people management skills;
-- ability to engage with executive management on technical aspects;
-- ability to plan and supervise work of others;
-- exceptional attention to detail;
-- ability to exercise independent judgement;
-- strong oral, written and overall communication skills;
-- time management and negotiation skills;
-- problem - solving abilities and analytical skills; and
-- ability to influence, build and maintain relationships.
-How To Apply

All interested parties are invited to apply.

- All available vacancies will be visible.

- Login>

- Is this your first visit to our Job Site? > Register today (Ensure that you include all your skills and qualifications during the registration process.); or

- Already registered on our Job Site? > Already registered? > Login here.
-- Select ‘Date posted’ > ‘Last 3 weeks’ (in the dropdown menu).
-- Select the appropriate IRC number to view the full advertisement.
-

**The SARB offers remuneration and benefits commensurate with the level of the position and in line with the market. The level at which the successful applicant will be appointed will depend on his/her competence and experience.
**Ms Sarah Molomo**

**Senior Manager: Recruitment and Selection**

**Human Resources Department
Currency
-ZAR
-Amount of Travel
-Work At Home


  • Specialist Analyst X 2

    4 months ago


    Pretoria, South Africa Financial Sector Conduct Authority Full time

    **Purpose of the Job**: **Key Performance Areas**: - Monitor compliance with legislation to ensure the protection and fair treatment of policyholders by closely managing and supervising a portfolio of insurance companies and taking necessary action for non-compliance, where applicable and necessary; - Responsible for coordinating, planning and conducting...


  • Pretoria, South Africa South African Reserve Bank Full time

    -The primary objective of this position is to manage the delivery by a team of analysts, thereby contributing to the effective and efficient supervision of an allocated banking group. -Detailed Description - Provide strategic direction to a team of analysts in terms of ongoing supervisory oversight of allocated financial entities, including the operational...


  • Pretoria, South Africa Financial Sector Conduct Authority Full time

    **Purpose of the Job**: To monitor compliance with insurance legislation, to conduct investigations relating to insurance business and to ensure a sound and efficient insurance industry. The person appointed to this position will report to the Manager. **Key Performance Areas**: - Liaise with the public and other stakeholders when receiving complaints or...


  • Pretoria, South Africa South African Reserve Bank Full time

    -The primary objective of this position is to provide strategic direction and managerial leadership to the supervision of large complex financial groups, financial conglomerates and designated systemically important financial institutions (SIFIs), and to ensure the financial soundness and sound governance of the institutions under his/her...


  • Pretoria, South Africa South African Reserve Bank Full time

    -The purpose of this position is to support the senior analyst to performing the supervision of the national payment system (NPS) participants and their activities in order to promote a safe, reliable and efficient payment system. -Detailed Description Support the senior analyst in maintaining the supervisory framework by conducting benchmarking exercises...


  • Pretoria, South Africa CA Global Headhunters International Full time

    Job Description Reference: LASRB002 Our client is a large banking firm seeking to employ a **Manager**:Banking** Supervision.** The primary objective of this position is to manage the delivery by a team of analysts, thereby contributing to the effective and efficient supervision of an allocated banking group. **Responsibilities include**: Provide...


  • Pretoria, South Africa South African Reserve Bank Full time

    The primary objectiveof this position is to manage the delivery by a team of analysts, therebycontributing to the effective and efficient supervision of an allocated bankinggroup. Detailed Description - Provide strategic direction to a team of analysts interms of ongoing supervisory oversight of allocated financial entities,including the operational...


  • Pretoria, South Africa South African Reserve Bank Full time

    -The primary objective of this position is to manage the delivery by a team of analysts, thereby contributing to the effective and efficient supervision of an allocated banking group. -Detailed Description - Provide strategic direction to a team of analysts in terms of ongoing supervisory oversight of allocated financial entities, including the operational...


  • Pretoria, South Africa King Price Insurance Full time

    Our client, a short-term insurance broker based in Pretoria East, is looking for an experienced and qualified short-term insurance underwriter to join their team! **Purpose of position**: To assist marketers with underwriting and administrative processes. **Responsibilities**: - Liasing with clients (for administration purposes only). - Obtaining the...

  • Insurance Analyst

    8 hours ago


    Pretoria, South Africa South African Reserve Bank Full time

    The main purpose of this position is to perform prudential oversight over registered insurance companies on a solo and group level through a combination of off-site and on-site monitoring and supervision to ensure the financial soundness and sound governance of insurance entities. Detailed Description - Assist with, and provide input into, the development...

  • Insurance Analyst

    24 hours ago


    Pretoria, South Africa South African Reserve Bank Full time

    -The main purpose of this role is to perform prudential oversight over registered insurance companies on a solo and group level through a combination of off-site and on-site monitoring and supervision to ensure the financial soundness and sound governance of insurance entities. -Detailed Description - Supervise insurers and insurance groups within the...


  • Pretoria, South Africa South African Reserve Bank Full time

    **Brief description** The primary objective of this position is to manage the delivery by a team of analysts, thereby contributing to the effective and efficient supervision of an allocated banking group. **Detailed description** - Provide strategic direction to a team of analysts in terms of ongoing supervisory oversight of allocated financial entities,...


  • Pretoria, South Africa Santam Insurance Full time

    Santam is the market leader in the general insurance industry in Southern Africa. We are a large, diversified, expanding and transforming company and whilst based in South Africa, we are rapidly moving into a number of emerging markets, both in Africa and Asia. Our success is rooted in our passion for our clients and everything we do is centred on our...

  • Senior Analyst

    1 week ago


    Pretoria, South Africa South African Reserve Bank Full time

    -The purpose of this position is to lead and perform the supervision of national payment system (NPS) participants and their activities in order to promote a safe, reliable and efficient payment system. -Detailed Description Maintain the supervisory framework by conducting benchmarking exercises and research to ensure that the framework conforms to best...


  • Pretoria, South Africa South African Reserve Bank Full time

    -The main purpose of this position is to provide leadership and strategic direction for the Banking and Insurance Supervision Department (BISD) and to monitor the financial soundness and sound governance of financial market infrastructures (FMIs), banks, insurers and corporate financial institutions (CFIs). -Detailed Description - Lead the development,...


  • Pretoria, South Africa South African Reserve Bank Full time

    **Brief description** The main purpose of this position is to perform prudential oversight over registered insurance companies on a solo and group level through a combination of on - and off-site monitoring and supervision to ensure the financial soundness and sound governance of these insurance entities. **Detailed description** - Supervise insurers and...


  • Pretoria, South Africa CLS Human Capital Specialists Full time

    **INSURANCE UNDERWRITER** **Introduction** A small brokerage firm in Centurion is seeking an energetic, knowledgeable, relationship-driven, and administratively skilled Personal Lines Underwriter (Short-Term Insurance) with at least 5 years’ experience to their growing and dynamic team in Centurion. **Duties & Responsibilities** - Administration of...

  • Insurance Sales

    7 months ago


    Pretoria, South Africa TUG Full time

    We are looking for an enthusiastic and driven independent Sales Representative to drive company sales in short term insurance by persuading customers to purchase our products. To provide and implement advice in respect of Insurance needs in conjunction with Financial Advice Partner. This is a knowledge-based role that supports the Sales teams. To be...


  • Pretoria, South Africa South African Reserve Bank Full time

    -The purpose of this position is to perform prudential oversight of registered insurance companies on a solo and group level through a combination of on-site and off-site monitoring and supervision to ensure the financial soundness and sound governance of insurance entities. -Detailed Description Implement the supervisory plans of allocated insurers or...


  • Pretoria, South Africa Bryte Insurance Full time

    Serve as the primary liaison between Bryte, and their clients or potential clients. To develop customer specific value-added services (in conjunction with the Claims Operations and work as a customer champion ensuring that the role is conducted in the most effective, efficient way whilst delivering a customer centric claim. service in a manner which supports...