Job responsibilities
- Conduct off-site supervision and on-site inspections of insurance companies and other insurance market participants (including market infrastructures).
- Identify risks threatening the stability and continuity of insurance companies and/or the system as a whole, take action and/or submit proposals for their elimination, including, where necessary, initiating the application of enforcement measures against supervised entities.
- Assess the adequacy of risk management and internal control systems within companies in line with the nature and complexity of their risks.
- Evaluate the level of corporate governance culture in insurance companies and take supervisory measures to ensure their compliance with existing requirements and international best practices.
- Contribute to the improvement of the regulatory framework in the field of insurance.
Required qualifications
- Higher education in economics, business, or related fields.
- At least 1 year of work experience in the financial sector.
- Knowledge of insurance-related legislation and regulatory framework.
- Knowledge of internationally recognized standards on internal control systems.
- Knowledge of accounting principles.
- Proficiency in MS Excel.
- Excellent command of Armenian, good knowledge of English and Russian
As well as: - Strong communication skills
- Analytical ability
- Creative thinking
- Teamwork skills
- Collaboration skills
- Proactiveness
- Strategic thinking
- Flexibility
- High sense of responsibility
Considered an Advantage:
- Knowledge of the Insurance Core Principles (ICPs).
- Possession of international qualifications such as CII (Chartered Insurance Institute), FRM (Financial Risk Manager), CFA (Chartered Financial Analyst), or ACCA (Association of Chartered Certified Accountants).