(335) Associate Insurance Analyst-fcsd

4 days ago


Pretoria, South Africa South African Reserve Bank Full time

**Brief description**

The main purpose of this position at the South African Reserve Bank (SARB) is to perform prudential oversight over licensed insurance companies that form part of a financial conglomerate group through a combination of off-site monitoring and on-site inspections, analysis and supervision, to contribute to the financial soundness and sound governance of such insurers and ultimately the financial conglomerate group.

**Detailed description**

Supervise insurers and insurance groups within the allocated portfolio through a combination of on
- and off-site analysis of quantitative and qualitative information to identify and assess risks and then propose mitigating actions.
- Provide input into the development and implementation of the regulatory framework.
- Promote efficient, fair and sustainable insurance markets as well as policyholder protection.
- Develop and implement a prudential risk-based supervisory plan for allocated insurers.
- Provide input into, and assist with, the co-ordination and implementation of interventions for problematic insurers, as per the supervisory ladder of intervention.
- Maintain databases and records of all relevant information on insurers and insurance groups within the allocated portfolio.
- Liaise and collaborate with other relevant departments within the Prudential Authority (PA) and the SARB.
- Assist with, and provide input into, the development of public documents relating to insurance supervision.
- Liaise with the industry, other regulators (local and international) and relevant financial institutions.



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