Manager: Insurance Supervision

2 weeks ago


Pretoria, South Africa Kamo Placements Full time

**JOB 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.
**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.



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