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Regulatory Updates

VACANCY - Business Analyst

Insurance, Gambling and Pension Supervision Section

Job Purpose:

Responsible to oversee the prudential and market conduct of regulated entities in order to ensure compliance and to achieve the sections overall goals and objectives.

Summary of Duties:

  • Review and evaluate license and/or registration application made under the Insurance Act, 2008 and under the Gambling Act, 2014.
  • Assist with corporate governance, internal controls, risk management issues.
  • Process and approve changes in licensee’s structure.
  • Review and approve products (for life insurance business).
  • Assist in policy matters such as new products, laws and regulations, codes, guidelines, Memorandum of Understanding (MOU).
  • Assist in the continuous review and update of application procedure manuals, fit and proper procedure manuals in accordance to international best practices.
  • Assist in the development and implementation of financial consumer education programmes.
  • Participate in undertaking market research for continuous improvement of the regulatory/supervisory framework for the various sector under its purview.
  • Assist on on-site inspections.
  • Assist in AML/CFT matters.

Minimum Entry Requirements:

  • Degree in Insurance, Mathematics, Risk Management, Economics, Actuarial Science, Statistics, Finance, Accounting or a related field; or
  • Professional qualifications in Insurance/Pension/Financial Planning/Finance and Accounting from a recognised professional body; and
  • A minimum of 3 years of relevant working experience, of which at least 2 years should be within the insurance and gambling industry and/or insurance and gambling regulatory environment; and
  • Relevant compliance, operational and managerial experience in financial services.

 Salary:

Commensurate with qualifications and experience.

 To Apply:

Please forward your covering letter, curriculum vitae, certificates, references and referees to:

Head of Corporate Affairs

Financial Services Authority

P.O. Box 991, Bois De Rose Avenue, Mahe

Email: [email protected]

Closing date of application: 15th October, 2021