Senior Manager - Life Assurance

• Undertake effective leadership of the life insurance supervision team, ensuring effective use of resources for the completion of agreed deliverables
• Develop, oversee, and deliver supervisory plans by insurer and theme, taking into account the organisation's Supervisory Methodology
• Support other Divisions of the organisation as a senior manager leader
• Oversight of the delivery of the Supervisory Methodology for the life insurance sector, including all supervisory activity and engagement (including conducting a range of thematic work, inspections and business meetings)
• Review and / or prepare supervisory risk assessments for the life insurer portfolio at firm and sector level
• Identify and assess potential risk trends and supervisory themes
• Management and delivery of difficult issues with insurers
• Oversight of the assessment of all relevant proposals for authorisation and registration under the relevant insurance legislation
• Ensure appropriate consideration is given to all relevant statutory and quarterly returns and other information submitted under the relevant insurance legislation and taking appropriate action within agreed parameters
• Oversight of on-site inspections including, preparation, carrying on and drafting reports
• Develop and maintain effective relationships with 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 life insurance supervision team
• Contribute actively to strategy setting, risk horizon scanning and to a positive culture of the organisation
• Embrace and support a risk based approach across the organisation, including ongoing triage of work efforts and resources to achieve completion of highest priorities
• Be a change agent: actively support and adopt changes organisation wide and in the Division, in the continued drive for improvements and automation
• Take on additional projects or tasks to support the Head of Prudential Supervision and carry out any other duties as required
• Collaborate with staff across the organisation to achieve efficient and effective implementation of strategic priorities and divisional work plans
• Lead by example to ensure enhancement of a high performance, inclusive and diverse culture
• Support the rollout of a more focused and comprehensive performance management approach, including holding staff accountable for set targets, utilising performance improvement plans where appropriate, actively implementing and overseeing staff development and training plans
• Suggest and implement the wider use of metrics/divisional plans to provide improved quantitative KPIs to manage the Division / enterprise wide to support reporting to the Head of Prudential Supervision and other internal and external stakeholders

• Hold a relevant professional qualification
• Have extensive relevant insurance, or equivalent industry experience in an operational, compliance, assurance, risk, or audit role
• Proven experience in a leadership/management role
• Extensive working knowledge of the 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 Divisional and organisation's objectives
• Proven ability to build and maintain working relationships with both internal and external stakeholders at all levels including the ability to influence and negotiate
• Strong analytical skills, ability to assimilate information quickly and accurately, to consider any associated risks and to summarise the information effectively
• Ability to work under pressure, manage/oversee individual and team workloads of varied complexity, to manage competing priorities and to deliver against deadlines
• 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
• Subject matter expertise in relation to risk and risk frameworks, including the ability to identify, evaluate, rate, manage and mitigate risks and the ongoing monitoring and review of risks

• Experience of working for a financial services regulator

Orchard Recruitment