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Overview

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

The Senior Manager will, in conjunction with the Head of Prudential Supervision, lead the supervision of the non-life insurance sector, encompassing both prudential and conduct supervision. This role also involves external stakeholder engagement as well as contributing to the maintenance and development of the Island's regulatory framework in line with international standards.

Key Accountabilities:

• Effective leadership of the non-life insurance supervisory team, ensuring effective use of resources for the completion of agreed deliverables
• Develop, oversee and deliver the supervisory plan by insurance sector, class of insurer and by theme
• Oversight of the delivery of the Supervisory Methodology for the non-life insurance sector, including all supervisory activity and engagement (including conducting a range of thematic work, inspections and business meetings)
• Review and/or prepare firm and sector supervisory risk assessments
• Identify and assess potential risk trends and supervisory themes
• Management and delivery of difficult/complex issues utilising technical resources
• Oversight of the assessment of all relevant proposals for authorisation and registration under the relevant insurance legislation
• Ensure appropriate consideration given to all relevant statutory and regulatory returns and other information submitted under the relevant insurance legislation and taking appropriate action within agreed parameters
• Oversight of on-site inspections including pre-visit preparation, and drafting of reports
• Develop and maintain effective relationships with the non-life insurance industry, other Government Departments, other regulators and other organisations, including bodies outside of the Isle of Man
• Ensure that public enquiries (including complaints against insurers) are dealt with timely and efficiently in a courteous and constructive manner
• Preparation and presentation of reports on appropriate matters and events
• Develop and maintain systems, procedures, and controls applicable to the non-life insurance supervision team
• Ensure the accuracy, validity, completeness, timeliness, and consistency of data when processing in the organisation's systems
• Contribute to the strategic future direction of the regulation and supervision of the non-life industry by utilising trends, global developments, and a strong working relationship with the non-life insurance sector.
• Assist with any relevant external assessments
• Carry out such other duties as may be delegated; these may involve matters outside of the parameters set out above from time to time
• Set an example to staff to maintain and develop a positive professional culture within the organisation and in line with the organisation's values and behaviours

The Ideal candidate for the Senior Manager will have:

• Extensive relevant industry experience in an operational, compliance, assurance, risk or audit role
• Hold a relevant professional qualification
• Proven experience in a leadership/management role
• Extensive working knowledge of 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 organisation's objectives
• Proven ability to build and maintain working relationships with stakeholders at all levels including the ability to influence and negotiate
• Strong analytical skills, ability to quickly and accurately assimilate information, to consider any associated risks and to summarise the information effectively
• Ability to prepare, lead and conduct meetings with senior stakeholders both internally and externally including dealing with difficult/contentious issues and having the ability to challenge on these

Desirable but not essential:

• Experience working for a financial services regulator