Reporting to a Manager / Senior Manager, the Assistant Manager will be deployed to discharge duties in the LTB, GB, MC, or P&D Divisions.

Key Responsibilities

• Carry out inspections and investigations to ensure insurers’ compliance with relevant regulatory requirements
• Take appropriate enforcement actions against insurers found to have breached the regulatory requirements
• Ensure the integrity of the insurance regulatory system and monitor all relevant regulatory initiatives
• Oversee the self-regulatory system of insurance intermediaries before new regulatory regime is in place
• Implement the new licensing scheme for insurance intermediaries when the new regulatory regime is in place; carry out inspections and investigations to ensure insurance intermediaries’ compliance with the relevant conduct codes and guidelines and take appropriate enforcement actions against them
• Implement the Insurance Intermediaries Quality Assurance Scheme
• Carry out inspections and investigations in relation to the regulation of Mandatory Provident Fund intermediaries in the insurance sector
• Enforce the anti-money laundering and counter-terrorist financing regulatory regime for the insurance sector
• Handle complaints against insurers and insurance intermediaries
• Develop legislation, rules and guidelines on insurance supervision
• Liaise with Mainland and overseas insurance regulators, and the International Association of Insurance Supervisors
• Perform other duties as assigned by senior management to facilitate the administration of the statutory functions of the Authority

Key Requirements 

• A degree or professional qualification in finance and banking, insurance, economics, law, accounting, business administration, actuarial science or an appropriate field 
• Minimum 5 years’ relevant work experience in accountancy, audit, insurance, actuarial, anti-money laundering or regulatory fields
• Knowledge of the local regulatory requirements, insurance products, industry practices and market dynamics relating to the insurance business. Work experience in a local or overseas insurance regulatory agency is preferable
• Strong analytical, interpersonal and communication skills
• Strong command of written and spoken English. Chinese language ability would be an advantage

(Less experienced candidates with solid regulatory experience in a local or overseas insurance regulatory agency may also apply.)