The scope of work of the Policy and Development Division covers the following:

• Develop regulatory policies and requirements on insurers, including development of Risk-based Capital Regime and Policyholders’Protection Scheme for the insurance industry
• Collaborate with standard setting bodies and fellow regulators, both local and overseas
• Participate in committee meetings with international standard setting bodies
• Collaborate with stakeholders on policy issues
• Provide secretarial support for statutory committees

Reporting to the Senior Manager (Section Head), Policy and Development, the Manager / Assistant Manager will assume some of the following:

Key Responsibilities

• Participate in activities of international organizations (eg International Association of Insurance Supervisors) which include, committee work of standard setting for regulatory

  initiatives of the insurance sector

• Benchmark local regulatory regime against international standards
• Review latest development of supervisory practices by regulators
• Liaise with other regulators, both local (eg Hong Kong Monetary Authority, Securities

  and Futures Commission) and overseas (eg China Insurance Regulatory Commission) for 

  co-operation and collaboration
• Facilitate the development of financial technology in the insurance sector
• Provide secretarial support for statutory committees
• Other duties as assigned by senior management to facilitate the administration of the

  statutory functions of the Authority

Requirements

• A Bachelor's 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 for the Manager post; minimum 3 years for

  the Assistant Manager post, in accountancy, audit, insurance, actuarial, 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 would be an

  advantage

• Strong analytical, interpersonal and communication skills
• Strong command of written and spoken English and Chinese (Fluency in Putonghua

  would be an advantage)