Technical Risk Specialist
2 weeks ago
Reporting to the Head of Insurance, the Technical Specialist is responsible for providing technical input to risk assessments and regulatory requirements relating to Gibraltar legislation.
This is an exciting and diverse opportunity offering excellent career development potential and the main responsibilities include:
- Carrying out risk assessments with the aim of understanding key risks faced. This may include the following in order to identify risks and courses of action to mitigate them:
- Reviews of financial and non-financial returns
- Documenting assessment of risks
- Pre-agreed Thematic reviews
- Leading on and providing technical expertise within on technical topics particularly on the regulatory requirements for insurers, ensuring that regulatory outcomes are to the required standard.
- Leading on insurance authorisations as required, ensuring a consistent approach.
- Compiling accurate and meaningful reports by summarising issues and risks.
- Proactively building strong relationships with key stakeholders in order to improve understanding of key risks and providing clear and concise feedback when required.
- Intervening, where necessary, whenever a breach in the regulatory requirements has occurred and take appropriate corrective action.
- Participating and contributing to the work of other teams within the company.
- Supporting and in some cases delivering, the implementation of new processes and systems.
- Writing comprehensive and accurate letters, memos and reports.
- Identifying, reporting, escalating and managing risks, risk events, controls and management actions in a timely manner.
Knowledge, Skills & Experience:
- Confidence written and oral.
- Highly motivated with quality work ethic.
- Dependable, honest and able to deal with sensitive information in a confidential manner.
- Regulatory experience or experience working in audit, insurance or a related industry.
- Knowledge and/or experience of the Gibraltar regulatory framework relating to insurance is desirable.
Academic Requirement:
A degree in either a business, finance, mathematical, statistical field or a relevant professional qualification such as accounting or law is desirable
A full detailed job description is available upon request.
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