Senior Service Examiner

Roles and responsibilities

Contribute to the planning of inspection activities in coordination with the Director of the Inspection and Supervision Division.

Define the scope of planned inspections and prepare inspection and supervision scope documents as needed.
Identify and review relevant documents provided by regulated companies prior to conducting on-site inspections.
Apply a risk-based approach to conducting inspections while planning activities according to the risk register of the regulated company.
Analyze the risk assessments of regulated companies through the data provided.
Participate in conducting interviews with relevant external stakeholders (e.g., the Board of Directors of regulated companies) to assess the scope of governance structures and processes, and evaluate the effectiveness of such structures and processes, as needed.
Conduct interviews with relevant stakeholders in regulated entities to identify, assess and control risks as needed.
Prepare discussion materials (e.g. presentations and reports) to discuss inspection findings with internal and external stakeholders as needed.
Conduct regular, objective and ad hoc inspection visits to regulated companies in coordination with other supervision departments.
Communicate with supervisors regarding inspection visits, to ensure that visits are in line with relevant risk briefs.
Preparing reports, recommendations and corrective actions resulting from visits. Contributing to the development of legal cases in preparation for referring them to the competent department. Systematic documentation of observations monitored through inspection activities and identifying actions that may indicate the occurrence of crimes or violations of relevant regulations. Investigating violations committed by entities subject to supervision to protect the rights of insured persons and their beneficiaries

Desired candidate profile

Knowledge of insurance sector laws, policies and regulations
Report writing
Data collection and analysis
Knowledge of principles and foundations of financial institutions
Risk-based supervision
Financial analysis
Project management
Risk-based supervision
Conducting In-Depth Examinations
Comprehensive Assessments: Lead and conduct thorough evaluations of financial records, systems, policies, or operations to ensure compliance with relevant laws, regulations, and internal policies.
Identify Compliance Issues: Detect irregularities, discrepancies, or potential risks in operations, financials, or records, ensuring that any violations of standards or laws are identified and properly addressed.
Preparation of Reports: Prepare detailed examination reports that outline findings, recommendations, and areas of improvement for the organization being examined.
Audit Oversight: Supervise audits and reviews, ensuring that all procedures are carried out according to established guidelines and within relevant timelines.
Analysis and Evaluation
Data Analysis: Analyze large volumes of data to assess trends, risks, and compliance issues. Evaluate the accuracy and integrity of financial and operational data.
Risk Assessment: Perform risk-based assessments to identify key areas of concern, making recommendations for mitigating potential risks.
Performance Evaluation: Evaluate the effectiveness and efficiency of policies, procedures, and systems in place. Offer suggestions for optimizing processes and improving performance.