The scope of work of the Policy and Development Division covers the following:

• Draw up regulatory policies and requirements for the insurance sector
• Formulate and co-ordinate proposals to enhance global competitiveness and sustainable development of the insurance industry
• Liaise and collaborate with standard-setting bodies, financial regulators and industry bodies, both local and overseas
• Engage industry practitioners and relevant stakeholders to solicit ideas and gauge feedback on issues of mutual interest or concern
• Provide secretariat and administrative support for statutory committees

Reporting to the Senior Manager (Section Head) / Manager, Policy and Development, the Manager / Assistant Manager will assume the following:

Key Responsibilities

Post A (Ref: [MAM/PD/A/8/20])

• Analyze data and information for developing the Risk-based Capital Regime for authorized insurers
• Assist in developing relevant legislation, guidelines, and reporting requirements
• Conduct research on solvency regimes in other jurisdictions
• Liaise with the industry, professional bodies and other stakeholders in developing the Risk-based Capital Regime
• Other duties as assigned by senior management to facilitate the administration of the statutory functions of IA

Post B (Ref: [MAM/PD/B/8/20])

• Assist in policy formulation and co-ordination, and the preparation of legislative proposals
• Liaise with industry stakeholders and other financial regulators
• Conduct research on issues concerning the insurance industry and regulatory regimes in Hong Kong and other jurisdictions
• Provide secretarial support for internal and external meetings
• Other duties as assigned by senior management to facilitate the administration of the statutory functions of IA

Requirements

• A Bachelor’s degree or professional qualification in accounting, actuarial science, finance, insurance, economics, laws, public administration or related disciplines
• Minimum 5 years’ relevant work experience for the Manager post; minimum 3 years for the Assistant Manager post, in insurance, risk management, actuarial, accountancy, auditing, compliance, regulatory, public administration and/or related fields
• Good understanding of the regulatory requirements and industry practices relating to the insurance business
• Knowledge of the Risk-based Capital Regime or similar solvency regime will be an advantage [for Post A]
• Strong analytical, interpersonal and communication skills
• Strong command of written and spoken English and Chinese