DEPUTY COMMISSIONER — REGULATION – Insurance and Pensions Commission (IPEC) 69 views

Key Responsibilities

• Regulatory Leadership & Policy Development: Lead the development, review, and implementation of regulatory policies, standards, and supervisory frameworks. Ensure alignment with applicable legislation, international best practice, and emerging market trends whilst providing strategic regulatory input to support the Commission’s mandate.
• Supervision, Licensing & Compliance Enforcement: Oversee risk-based supervision of insurers, pension funds, and intermediaries. Ensure compliance with prudential, market conduct, and governance requirements and direct all licensing, registration, inspections, and enforcement processes.
• Prudential, Actuarial & Financial Oversight: Oversee solvency monitoring, actuarial assessments, and financial reporting requirements. Ensure financial soundness and sustainability of regulated entities.
• Risk Surveillance & Market Stability: Identify systemic and sector-specific risks and implement appropriate supervisory interventions. Strengthen regulatory effectiveness to safeguard financial stability.
• Stakeholder Engagement & Representation: Engage and cultivate relationships with Government, industry stakeholders, and regulatory bodies. Represent the Commission in regional and international forums.
• Consumer Protection & Market Conduct: Strengthen consumer protection frameworks and ensure fair market conduct. Oversee dispute resolution mechanisms and stakeholder feedback integration.
• Strategic & Operational Leadership: Contribute to corporate strategy and regulatory transformation initiatives. Lead and develop high-performing regulatory teams and oversee performance of regulatory functions to drive continuous improvement.

Requirements

• Regulatory & Prudential Expertise: Deep understanding of insurance and pensions legislation, risk-based supervision, solvency frameworks, and regulatory compliance
• Technical Authority: Strong grounding in financial analysis, regulatory policy and appreciation of actuarial principles.
• Strategic Leadership: Proven ability to lead complex regulatory functions and institutional reform
• Analytical & Decision-Making Capability: Strong judgment in high-pressure regulatory environments
• Governance & Integrity: Demonstrated ethical leadership and commitment to public sector accountability
• Stakeholder Engagement: Ability to influence and collaborate at executive, industry, and policy levels.
• Include, but not limited to: * Honesty and integrity * High Ethical Standards *Professionalism * Fairness * Tact & Diplomacy * Composure and Decision-Making Under Pressure *Strategic Communication & Influence* Fit and proper.
• A Bachelor’s Degree in Insurance, Finance, Economics, Actuarial Science, Law, Business Administration, Statistics, or a related field.
• A Post Graduate Qualification in a relevant discipline (e.g., Insurance, Finance, Economics, Law, Actuarial Science, Risk Management, Public Policy, or MBA)
• A relevant professional qualification from a recognised body e.g., Chartered Insurance qualification (CII/ACII/FCII), Actuarial qualification (Associate or Fellow), Chartered Accountant (CA/ACCA/CIMA), Pensions (CII/IISA) or Risk management or governance certification (ARM)
• A Minimum of 10 years’ progressive experience in insurance, pensions supervision, financial services regulation, or a closely related sector.
• At least 5 years at senior management level.
• Demonstrated experience in regulatory framework development and policy formulation, risk-based supervision and compliance enforcement, licensing, inspections, and regulatory reporting and market conduct supervision and consumer protection
• Exposure to regional or international regulatory frameworks (SADC, IAIS, IOPS, or equivalent) will be a distinct advantage.

How to Apply