Description
Job summary
The Inspector, Insurance and pension Supervision on Open ended contract will be responsible for identifying, assessing and monitoring risks associated with the insurance and pension industry businesses and proposes changes in existing legal and regulatory framework for insurance and pension sector and providing technical and professional advice to the legal team in charge of legal drafting and review.
Key duties and Responsibilities
- Participate in on-site and off-site inspections to evaluate insurance institutions to identify and evaluate key business and financial risk, risk management practices , controls and compliance with applicable laws and regulations;
- Conduct research on issues related to financial sector stability ;
- Initiate financial sector laws, regulations and directives for in insurance and pension service providers ;
- Identify gaps in existing laws, regulation and directives;
- Propose changes in existing financial sector laws and regulations to cater for the modern financial stability and prudential supervision of insurance and pension sector;
- Initiate innovative laws and regulations for the sound and stable financial sector especially for in insurance and pension service providers supervised and regulated by the Central Bank;
- Prepare technical discussion series on laws and regulations( internal and external)
- Prepare the regulatory digest materials;
- Participate in the self-assessments to ensure existing legal and regulatory framework are in compliance with the international standards such as ICPs and IOPS principles;
Qualifications, Experience and Skills
- At least Bachelor’s Degree in Business Administration (insurance), Economics, actuarial science and any other related field with at advanced level of professional certification such as ACCA, CPA, CIMA, CII, CFA, or other related professional qualifications.
- At least three(3)years of experience in Insurance sector or be familiar with insurance practices would be an added advantage.
Maximum age: 35
Skills and competencies required
- Experience in working with a wide range of stakeholders and teams;
- Excellent oral and written communication and interpersonal skills
- Personal drive and effectiveness;
- Ability to constantly deliver quality and value;
- Ability to work well under pressure and to meet deadlines ;
- Demonstrated high level of motivation, confidence, and integrity;
- Strong critical thinking skills and excellent problem solving skills.
- Team work skills
- Ability to work under minimal supervision
- Must be fluent in English and Kinyarwanda (knowledge of french would be an added value)
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