Deputy Director, Supervision (Scheme Risk Management & Actuarial Services)

Job Purpose

The Deputy Director, Supervision (Scheme Risk Management & Actuarial Services) is responsible for risk assessment of schemes and service providers to ensure stability of the retirement benefits industry.

Job Requirements

1. Bachelors Degree in any of the following disciplines: finance, law, economics, commerce, business administration, social security or its equivalent qualification from a recognized institution;
2. Masters Degree in any of the following: finance, law, economics, commerce, actuarial science, business administration, social security or its equivalent qualification from a recognized institution;
3. Relevant professional qualification and membership to a professional body, in good standing, where applicable;
4. At least ten (10) years’ relevant work experience with at least five (5) years’ experience in a managerial role;
5. A certificate in a management course lasting not less than four (4) weeks;
6. Demonstrated merit and ability as reflected in work performance
7. Proficiency in computer applications; and,
8. Fulfills the requirements of Chapter 6 of the Constitution

Job Specifications

1. Ensuring the execution of compliance report findings in compliance with the statutory requirements and preparing management reports.
2. Follows through on recommendations on reserves and surplus distribution strategies and preparing reports.
3. Ensuring inspection of retirement benefits schemes and service providers and providing appropriate interventions;
4. Managing and mitigating risks faced by retirement benefits schemes to enable prompt intervention and corrective action;
5. Reporting on amalgamations, transfers and restructures to ensure that retirement benefits schemes remain financially sound and member benefits are protected;
6. Preparing advisory to trustees and members on issues relating to benefits computation;
7. Reviewing independent actuarial valuations of retirement benefits schemes or cohort of members on need basis to support decision making;
8. Reviewing prudential guidelines for the retirement benefits industry and recommending as appropriate;
9. Managing the process of review, development and implementation of the Standard Operating Procedures in Quality Management Systems of audit recommendations; and
10. Monitoring and reporting on performance progress and risk mitigation activities.

Key Competencies and Skills

1. Strategic thinking and analytical skills;
2. Writing, communication and reporting skills;
3. Managerial skills and ability to lead teams;
4. Mentoring and coaching skills;
5. Interpersonal skills; and
6. Team player.