19 days ago
A reputable and stable financial services entity is seeking to employ an Analyst for the Insurance side of the Conduct and Supervision Unit.
Conduct Supervision is an Unit responsible for the setting up and implementation of the regulatory framework aiming to secure appropriate consumer protection in relevant operations of the financial services industry.
Job duties include:
- Supervise the work activities of the other team members to ensure that the duties assigned to the team are effectively carried out.
- Participate in and lead on-site inspections carried out at the premises of insurance undertakings and intermediaries with a view to assess the latter’s adherence to the applicable conduct of business rules.
- Lead and participate in any thematic reviews with respect to the insurance sector.
- To review the soundness of quantitative disclosures made to consumers as part of regulatory requirements.
- Mentor other junior analysts in the carrying out of their respective duties.
- Assume responsibility for the management and development of direct reports. Handle planned or reactive conduct issues that arise on a day to day basis.
- Exercise supervisory judgement in handling cases, challenging insurance undertakings and intermediaries on consumer protection issues and ensure that such issues are dealt with expeditiously.
- Assist in work related to the legislative process, in particular in relation to the drafting or review of draft laws, rules and regulations and s/he will also be involved in leading work related to the preparation of replies with regards to EU questionnaires.
Skills and Qualifications required:
- Solid academic background in accountancy, insurance, economics, and/or law or in another finance related background. Candidates having experience in a numerical/quantitative environment would be considered an asset.
- An academic qualification in a relevant field of study at NQF Level 6 or better, duly certified by the Malta Qualifications Recognition Information Centre (MQRIC) or a widely recognised professional qualification at a comparable level.
- Minimum of 5 years working in financial services, ideally in the area of insurance.
- If you do not have the necessary academic or professional qualifications but you have at least 10 years of relevant experience, the application will still be considered