BRIEF DESCRIPTION

The purpose of this position is to develop and refine supervisory frameworks through the scanning of the regulatory and supervisory framework environment against domestic policy and international best practices and standards to ensure the effective and consistent supervision of the Prudential Authority (PA)-regulated financial institutions.

DETAILED DESCRIPTION

The successful candidate will be responsible for the following key performance areas:

• Conduct research relating to the latest changes in the regulatory frameworks within the PA-regulated financial sectors and conduct in-depth assessments on whether these frameworks are applicable to the PA supervisory framework.
• Develop new and refine existing PA supervisory guidelines in line with the PA regulatory framework and international supervisory best practices.
• Apply analytical tools for assessing the consistency and efficiency of the PA’s supervisory practices.
• Assist in planning, defining the scope and objectives of the quality assurance reviews and setting up of the quality assurance programme to address objectives.
• Execute the quality assurance programmes, including evaluating the results of quality assurance reviews and preparing recommendations.
• Assist with planning the annual environmental scanning/benchmarking projects for the team based on the changes to the local and international regulatory and supervisory frameworks and best practices.
• Engage with and present to PA stakeholders on the draft supervisory frameworks and guidelines, quality assurance reviews and other related documents.
• Contribute towards the continuous improvement process within the PA supervisory framework team.
• Provide input into the development and implementation of the PA regulatory framework.
• Assist the team with other functions, as may be required from time to time, in line with the PA strategic and operational objectives.

• Conduct research relating to the latest changes in the regulatory frameworks within the PA-regulated financial sectors and conduct in-depth assessments on whether these frameworks are applicable to the PA supervisory framework.
• Develop new and refine existing PA supervisory guidelines in line with the PA regulatory framework and international supervisory best practices.
• Apply analytical tools for assessing the consistency and efficiency of the PA’s supervisory practices.
• Assist in planning, defining the scope and objectives of the quality assurance reviews and setting up of the quality assurance programme to address objectives.
• Execute the quality assurance programmes, including evaluating the results of quality assurance reviews and preparing recommendations.
• Assist with planning the annual environmental scanning/benchmarking projects for the team based on the changes to the local and international regulatory and supervisory frameworks and best practices.
• Engage with and present to PA stakeholders on the draft supervisory frameworks and guidelines, quality assurance reviews and other related documents.
• Contribute towards the continuous improvement process within the PA supervisory framework team.
• Provide input into the development and implementation of the PA regulatory framework.
• Assist the team with other functions, as may be required from time to time, in line with the PA strategic and operational objectives