Manager - Life Assurance (O912880)

Overview

We are currently seeking a Manager (Life Assurance) for our Douglas-based Client, a leader in fiduciary services, fund administration, and management and investment advice compliance.

The Manager will be responsible for undertaking effective and efficient supervision of a portfolio of life insurers ensuring that they meet the requirements of the relevant legislation. You will be:

• Responsible for the delivery of the Supervisory Methodology centred on risk-based supervision, including all supervisory activity and engagement associated with a portfolio of life insurers, ensuring the organisation's systems and procedures are correctly followed and utilised
• Reponsible for evaluating proposals for new licences and changes to existing licences
• Participate in the organisation's processes and functions supporting Prudential Supervision
• Develop and maintain the organisation's systems, procedures and controls
• Implement plans to achieve the Prudential Supervision Division's objectives
• Prepare / update risk assessments for a portfolio of life insurers in Prudential Supervision
• Identify and assess potential risk trends and supervisory themes
• Lead and / or assist in the undertaking of stakeholder engagement, both internally and externally
• Lead and / or participate in supervisory inspections and sector based thematic review work
• Develop and maintain effective relationships with regulated sectors and where applicable individual entities, other regulatory agencies, relevant industry bodies and government agencies
• Ensure that public enquiries are dealt with timely and efficiently in a courteous and constructive manner
• Produce, and otherwise assist with the production of, papers and reports on supervisory matters and periodic reports to, Senior Management, the Executive and the Board
• Support the Senior Manager (Life Insurance - Prudential Supervision) with matters (including breaches of the relevant regulatory requirements) within the Division's remit
• Develop key relationships both domestically and internationally to further the ability to reduce threats to regulatory objectives through sound supervisory practices and information sharing
• Work on ad hoc projects and duties as identified or delegated, these may involve matters outside of the parameters set out above from time to time

The Ideal candidate for the role of Manager will:

• Hold a relevant professional qualification
• Extensive relevant industry experience in an operational, actuarial, compliance, assurance, risk or audit role
• A well-developed working knowledge of Life Insurance and associated legislation, regulation and guidance
• Proven experience in a leadership/management role
• Extensive working knowledge of the financial services sector and associated legislation, regulation and guidance including understanding of the broader finance industry including trends and developments
• Strong people management, coaching, and leadership skills including the ability to manage through people to deliver the Divisional and organisation's objectives
• Proven ability to build and maintain working relationships with both internal and external stakeholders at all levels including the ability to influence and negotiate
• Strong analytical skills, ability to assimilate information quickly and accurately, to consider any associated risks and to summarise the information effectively
• Ability to work under pressure, manage/oversee individual and team workloads of varied complexity, to manage competing priorities and to deliver against deadlines

Desirable:

• Experience of working for a financial services regulator