Technical and Regulatory Officer

The position is required to keep abreast of issues impacting the insurance industry and acts as a resource for both internal and external stakeholders providing industry research, guidance and follow up on actionable items as required.

Position Title:     Technical and Regulatory Officer

Accountability:   The Technical and Regulatory Officer is directly accountable to the General Manager and has a working relationship with all Departments

Job Summary:     The position is required to keep abreast of issues impacting the insurance industry and acts as a resource for both internal and external stakeholders providing industry research, guidance and follow up on actionable items as required.

Training, Experience and Knowledge:

• B. Sc. in Insurance and Risk Management, Finance, Business Administration, or related discipline and/or 5 years’ experience in similar field.
• Excellent communication skills, both orally and in writing.
• Good analytical and problem-solving skills.
• Good computer and interpersonal skills.
• Ability to work under pressure.
• Aptitude for working with computers.
• Ability to prioritize and plan effectively.

Functions, Duties and Responsibilities:

 Conducts research and stays abreast of issues and events affecting the financial services industry with a particular focus on the insurance sector.

• Prepares position papers based on industry research and discussions with the Board of Directors and Sub-Committees for internal and external stakeholders.
• Collects and collates industry statistics primarily from companies’ statutory returns and produces relevant reports.
• Provides support and general assistance for publications issued and activities organized by the Secretariat on behalf of its other clients.
• Attends internal and external meetings of the Board of Directors and the various Sub-Committees as required.
• Ensure effective follow through on actionable items as required by the Board of Directors and the various Sub-Committees.
• Acts as a liaison between the company and its external stakeholders and represents the company where applicable as approved by the Board.
• Provides support and general assistance for publications issued and activities organized by the Secretariat on behalf of its other clients.
• Undertakes additional duties as delegated by the General Manager/Directors.

Linking Relationships Internally:

1)   All Staff

•  Abiding by AML/CFT legal obligations.  This includes training and ensuring the following are maintained:

       Customer Due Diligence procedures

     Enhanced Due Diligence measures.

     Identification of high-risk customers, transactions, and payment methods