Member of the FSRA for Insurance Regulation
2 years FTC
Your expression of interest is invited to bring your specialist skills to an island community.
A sub-tropical island of spectacular and beautiful landscapes in the South Atlantic with a warm and friendly population of 4,500, St Helena is a self-governing overseas territory of the UK, poised for future transformation with scheduled, commercial air access.
The full remit of this role is Member of the Financial Services Regulatory Authority of St Helena, Ascension and Tristan Da Cunha for Insurance Regulation.
Maintaining market confidence and promoting market awareness, you will secure protection for consumers and depositors and reduce financial crime.
You must attend FSRA meetings which usually take place four times a year, either by teleconference from London or when you are visiting St Helena. You will ensure relevant actions are taken and, as an advisor to the Governor, contribute to annual reports, setting out progress and recommendations.
You should have wide experience of insurance regulation at a senior executive level and substantial recent experience in the insurance industry and/or as an insurance regulator. As an authority on the practice of insurance in accordance with law you will need a deep understanding of consumer protection and insurance company regulation.
You will receive regular reports from the licensed business (es), reviewing and responding as necessary. You must challenge the management and board to ensure the safe and stable operation of insurance activities in the territories. It is anticipated that the time necessary to fulfil your role will be around 20 days per annum.
Until regular commercial flights commence, you will visit St Helena every two years for one or two weeks, after which this could change. There is no requirement to visit Ascension Island or Tristan da Cunha unless circumstances require it.
Your fee will be negotiated with the St Helena Government.
Please submit your expression with your costed proposal by clicking here by 17:00 on 17 February 2017 or you may contact Kedell Worboys on 0203 170 8705.