Background

The Insurance Regulatory Authority (IRA) aims to be the leading insurance industry regulator. Its mission is to effectively regulate, supervise, develop the insurance industry and protect insurance beneficiaries. The core values include Accountability and Team Spirit.

Job Specifications

The duties and responsibilities will entail:

• Implementing of quality assurance, risk management and data protection strategies, policies and procedures to ensure achievement of objectives;
• Carrying out risk assessments for various processes in the Authority;
• Updating Directorate/Departmental and corporate risk registers;
• Defining quality procedures in conjunction with operational and technical staff;
• Maintaining controls and documentation procedures and policies;
• Implementing annual quality assurance and enterprise risk management plan;
• Carrying out quarterly routine awareness programs to management on risk management;
• Carrying out quarterly audits to ensure compliance with ISO procedures;
• Conducting and scheduling effective training for staff in regard to quality management systems, risk management and data protection;
• Preparing of reports for each quality assurance and risk management assignment to risk/process owners;
• Monitoring implementation of agreed risk management mitigation measures with risk/process owner;
• Guiding the Authority on best practices for data management; and
• Ensuring that the organization adheres to data protection laws;
• Providing expert assessments on the impact of data processing activities; and
• Working closely with the Data Commissioner to address any issues pertaining to data protection.

Person Specifications

Three (3) years relevant work experience, three (3) of which should have been at the level of Risk Management & Quality Assurance Officer or in a comparable and relevant position.

Bachelor’s degree in any of the following fields: Economic, Statistics, Actuarial, Data Analytics, Data Science, Project Planning and Management or an equivalent qualification from a recognized institution.

Membership to a relevant professional body and in good standing where applicable.

Proficient in computer applications.

Competencies and Skills

• Communication skills
• Interpersonal skills
• Analytical skills
• Report writing skills
• Presentation skills

• Implementing of quality assurance, risk management and data protection strategies, policies and procedures to ensure achievement of objectives
• Carrying out risk assessments for various processes in the Authority
• Updating Directorate/Departmental and corporate risk registers
• Defining quality procedures in conjunction with operational and technical staff
• Maintaining controls and documentation procedures and policies
• Implementing annual quality assurance and enterprise risk management plan
• Carrying out quarterly routine awareness programs to management on risk management
• Carrying out quarterly audits to ensure compliance with ISO procedures
• Conducting and scheduling effective training for staff in regard to quality management systems, risk management and data protection
• Preparing of reports for each quality assurance and risk management assignment to risk/process owners
• Monitoring implementation of agreed risk management mitigation measures with risk/process owner
• Guiding the Authority on best practices for data management
• Ensuring that the organization adheres to data protection laws
• Providing expert assessments on the impact of data processing activities
• Working closely with the Data Commissioner to address any issues pertaining to data protection

• Communication skills
• Interpersonal skills
• Analytical skills
• Report writing skills
• Presentation skills
• Proficient in computer applications

• Bachelor’s degree in any of the following fields: Economic, Statistics, Actuarial, Data Analytics, Data Science, Project Planning and Management or an equivalent qualification from a recognized institution
• Membership to a relevant professional body and in good standing where applicable