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First Level Executive, Conduct Risk Surveillance – ITOs & Intermediaries

Salary undisclosed

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ROLE PURPOSE:

Assist in the identification and analysis of key and emerging conduct risks in insurance, takaful and intermediaries sectors to support the development of appropriate and timely policy or supervisory interventions necessary to support the Bank’s mandate in promoting fair treatment of financial consumers by financial service providers.

PRINCIPAL ACCOUNTABILITIES:

  • Assist in the development, maintenance and review of macro/micro conduct surveillance framework to enable timely identification, measurement and assessment of key and emerging conduct risks in the insurance, takaful and intermediaries sector that can pose harm to financial consumers
  • Assist in conducting conjectural assessments on domestic, regional or global developments related to the insurance, takaful and intermediaries sector to surface any new regulatory or market developments which could elevate conduct risks in these sectors or the financial consumers they serve.
  • Assist in the development of appropriate conduct surveillance techniques and models, as well as drive the digitalisation of internal processes and frameworks using data analytics/AI/ML to enhance efficiencies in existing work processes within the department.
  • Assist in the production of periodic reports based on surveillance insights and perform ad hoc analysis on key and emerging conduct risks (e.g. Conduct Risk Outlook, Annual Report and Financial Stability Review, Financial Stability Committee, Board Note) to facilitate risk-based conduct policy and supervisory planning, or in response to requests from other departments and/or Senior Management.
  • Stay informed with domestic and international developments in the insurance, takaful and intermediaries sector, as well as newly introduced regulations and surveillance methodologies by other conduct or supervisory authorities.
  • Actively engage and collaborate with internal and external stakeholders to gain market insights and drive strategic initiatives relating to market conduct agenda or to foster fair consumer outcomes.
  • Ensure clear and timely communication to both internal and relevant external stakeholders regarding developments within the banking, ITO and intermediaries sector sector to promote understanding and awareness of market conduct issues.

QUALIFICATION/EXPERIENCE:

Academic Qualifications: Basic Degree or professional qualification that are related to analytics, mathematics, statistics, economics, computer science, actuarial or other related disciplines.

Experience: Preferably with at least 2 years of working experience in areas of analytics, risk management or economics and surveillance.

TECHNICAL/FUNCTIONAL SKILLS:

  • Analytical, assessment and surveillance skills
  • Knowledge of business, products and services of financial institutions
  • Knowledge of Acts & regulations and economic & socioeconomic principles
  • Applied research & risk modelling
  • Proficiency in programming languages (e.g. R, Python, eViews)
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