(1281) Associate Insurance Analyst -FCSD at South African Reserve Bank

Pretoria, Gauteng, South Africa -

Full Time

Start Date

Immediate

Expiry Date

28 Dec, 25

Salary

0.0

Posted On

29 Sep, 25

Experience

2 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Prudential Oversight, Risk Assessment, Regulatory Framework, Insurance Markets, Policyholder Protection, Supervisory Plan, Data Management, Collaboration, Public Documentation, Industry Liaison, Financial Institutions, On-site Inspections, Off-site Monitoring, Quantitative Analysis, Qualitative Analysis, Intervention Coordination

Industry

Banking

Description

Brief description The main purpose of this position at the South African Reserve Bank (SARB) is to perform prudential oversight over licensed insurance companies that form part of a financial conglomerate group through a combination of off-site monitoring and on-site inspections, analysis and supervision, to contribute to the financial soundness and sound governance of such insurers and ultimately the financial conglomerate group. Detailed description The successful candidate will be responsible for the following key performance areas: Supervise insurers and insurance groups within the allocated portfolio through a combination of on- and off-site analysis of quantitative and qualitative information to identify and assess risks and then propose mitigating actions. Process the notifications and applications received from insurers and insurance groups within the allocated portfolio, and recommend to either approve or decline the applications. Provide input into the development and implementation of the regulatory framework. Promote efficient, fair and sustainable insurance markets as well as policyholder protection. Develop and implement a prudential risk-based supervisory plan for allocated insurers. Provide input into, and assist with, the co-ordination and implementation of interventions for problematic insurers, as per the supervisory ladder of intervention. Maintain databases and records of all relevant information on insurers and insurance groups within the allocated portfolio. Liaise and collaborate with other relevant departments within the Prudential Authority (PA) and the SARB. Assist with, and provide input into, the development of public documents relating to insurance supervision. Liaise with the industry, other regulators (local and international) and relevant financial institutions.

Responsibilities

The successful candidate will supervise insurers and insurance groups through on- and off-site analysis to identify risks and propose mitigating actions. They will also process notifications and applications from insurers, provide input into regulatory frameworks, and maintain relevant databases.