Summary
Date Posted: Friday, January 27, 2023 , Base Salary: Not Disclosed

JOB DETAILS:

Job Purpose
The Director, Supervision is responsible for regulating and supervising the establishment and management of retirement benefits schemes

Job Requirements
• Bachelors Degree in any of the following disciplines: finance, law, economics, commerce, actuarial science, business administration, social security or its equivalent qualification from a recognized institution;
• Masters Degree in any of the following disciplines: finance, law, economics, commerce, actuarial science, business administration, social security or its equivalent qualification from a recognized institution;
• Relevant professional qualification and membership to a professional body, in good standing, where applicable;
• At least twelve (12) years’ relevant work experience with at least five (5) years’ experience in a managerial role;
• A certificate in leadership from a course lasting not less than four (4) weeks;
• Demonstrated merit and ability as reflected in work performance;
• Proficiency in computer applications; and,
• Fulfill the requirements of Chapter 6 of the Constitution.

Job Specifications
• Advising the Board of Directors and Management on matters related to supervision and licensing of retirement benefits schemes;
• Developing, reviewing and implementing prudential and conduct guidelines for the retirement benefits industry;
• Formulating and implementing effective strategies and programs for registration of retirement benefits schemes and service providers;
• Formulating and implementing effective strategies and programs for monitoring and surveillance of the retirement benefits industry to ensure compliance with the regulatory framework;
• Ensuring the enforcement of all sanctions provided under the Retirement Benefits Act and the Regulations;
• The determination of levy, fees and penalties as prescribed under the Retirement Benefits Act;
• Ensuring the review and maintenance of a database of all schemes, trustees and service providers and regular publishing of a register of retirement benefits schemes and service providers;
• Oversight in the reviewing and approval of applications by employers to contract out of making Tier II contributions as provided for under the National Social Security Fund Act; and,
• Monitoring and reporting on quality management systems, performance progress and risk mitigation activities in the Directorate.

Key Competencies and Skills
• Report and cabinet memorandum writing skills;
• Strategic thinking and leadership skills;
• Analytical and interpersonal skills;
• Communication and negotiation skills;
• Mentoring and coaching skills; and,
• Team player.


Work Hours: 8

Experience in Months: 144

Level of Education: Bachelor Degree

Job application procedure

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