| Organisation Name |  | Insurance Division, Prudential Regulatory Authority. |
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The Insurance Division is responsible for supervising PRA-authorised life and general insurance firms. It achieves this by; (i) monitoring and regulating firms to ensure they are complying with and, where necessary preparing for, domestic and international regulatory requirements, and (ii) identifying sector-wide risks and trends. With a combination of supervisory and actuarial expertise the Division is responsible for the prudential supervision of over 500 insurers of all sizes. This includes general insurers, life insurers, friendly societies and the Lloyd’s and London market.
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The Prudential Regulation Authority (PRA) is a subsidiary of the Bank of England and has responsibility for the prudential supervision of banks, insurers, and certain investment firms. The PRA has two objectives;
1. To promote the safety and soundness of the firms it regulates by; (i) seeking to ensure that the business of firms is carried on in a way which avoids any adverse effect on the stability of the UK financial system, and (ii) seeking to minimise any adverse effects of firm failure on the stability of the UK financial system.
2. To secure an appropriate degree of protection for those who are or may become insurance policyholders by promoting the soundness of the insurers it regulates (and therefore making it easier to meet their obligations to policyholders both now and in the future).
The PRA’s approach to supervision is proactive, forward-looking, and judgement led.
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Essential
· Excellent organisational and time management skills, with the ability to multi-task (often operating to tight deadlines).
· A proven team player, willing to help others to achieve results and with the ability to work using your own initiative.
· Desire to get things done with a proactive approach.
· Strong written and oral communication skills with the ability to adapt to different audiences.
· Able to deal with highly confidential information to agreed standards.
· Good IT skills, particularly in Outlook, Word and Excel.
Email:jobish.t@jobatdubai.com
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