The International Association of Insurance Supervisors (IAIS) is the global standard setting body for insurance supervision. Our mission is to promote effective and globally consistent supervision of the insurance industry for the benefit and protection of policyholders and to contribute to global financial stability.
We are currently looking for a high performing professional to join the Secretariat in the role of Senior Policy Advisor – Quantitative Analysis Support with a focus on contributing to the IAIS work in capital and solvency, systemic risk assessment, and other related areas. To apply, kindly submit your application no later than 10 February 2019. Please direct any questions to IAIS.Recruitment@bis.org.
The role of the Senior Policy Advisor is to support the IAIS’ global monitoring and policy development activities, which would include:
- Contribute to quantitative analyses of data collections supporting IAIS projects (eg, Insurance Capital Standard (ICS), Holistic Framework for assessing and mitigating systemic risk in the insurance sector).
- Interpret data, analyse results using statistical techniques and provide ongoing reports.
- Develop and manage databases, data collection systems, data analytics and other data strategies and provide recommendations on these matters.
- Acquire data from primary or secondary data sources and maintain databases/data systems.
- Filter and “clean” data in liaison with Members and Authorized Analysts.
- Identify, analyse, and interpret trends or patterns in complex data sets.
- Work with the IAIS Management to prioritize business and information needs.
- Identify and define new process improvement opportunities.
- Prepare and contribute to briefing notes, memos and presentations within the Secretariat and for IAIS Committees and Subcommittees.
- Performing any other relevant work as assigned or delegated.
As part of this team, the duties of the Senior Policy Advisor may include the following:
- Development of the global ICS, and further development of other global insurance capital standards, with particular focus on specified elements and/or risks.
- Supporting the development and maintenance of capital-related supervisory materials (Insurance Core Principles, ComFrame).
The following are minimum requirements for all applicants:
- Higher education in a quantitative field (eg finance, actuarial science, statistics, mathematics, etc).
- Extensive experience in a quantitative role either in a supervisory agency, similar public sector entity or equivalent within the financial sector.
- Enthusiasm, drive and energy to achieve agreed objectives in a structured and transparent manner.
- Demonstrated capacity to work flexibly, effectively and harmoniously in a small team context to achieve the successful and on-time delivery of project objectives over an extended timeline.
- Capacity to work well in time-constrained and/or information-constrained circumstances.
- Experience and knowledge of coordination and/or supporting a complex task/project.
- Ability to communicate complex concepts in a simple and clear manner.
- Ability to work constructively with colleagues from a wide variety of backgrounds and nationalities.
- Knowledge and experience of insurance business models, as well as supervision and regulation of insurance and familiarity with the same for other financial services (eg banking and securities).
- Excellent command of English (written and spoken).
- Ability to communicate effectively both internally with team members and externally with insurance supervisors and representatives from local, regional and other international organisations.
Desirable experience including (but not limited to):
- In-depth experience of project management.
- Good knowledge of recent developments regarding the supervision of internationally active insurance groups.
- Skills in at least one of the other two official IAIS languages (French, Spanish) will be a plus.
The position is based in Basel, Switzerland, and will involve international travel. Attractive employment conditions will be offered. The salary will be paid free of Swiss income tax. A relocation package will be offered to the successful candidate.
The BIS employs IAIS staff on fixed-term contracts, with the initial-term being three years. The IAIS and BIS are fully committed to equal opportunity employment and strive for diversity among their staff.