Description

Purpose of the Job

To analyze and interpret investment returns and identify areas of risk in the operations of retirement benefits schemes.

Key Duties & Responsibilities

Key Duties and Responsibilities

1. Gather, collate and interpret investment data and identify risks for appropriate supervisory responses.
2. Monitor, analyze and report on market and portfolio risks affecting schemes’ investments, such as interest rate, credit, liquidity and concentration risks, and provide input to the sector risk commentary.
3. Conduct risk assessments of retirement benefits schemes under the Risk Based Supervision Framework, identify their key risk exposures, and recommend appropriate supervisory action.
4. Conduct on-site inspections of licensed fund managers to verify compliance with investment standards and best practices.
5. Analyze investment, custodial and quarterly returns from schemes to reconcile sector asset holdings, confirm compliance with the Investment Policy Statements (IPS) and the Investment of Scheme Funds Regulations, and track the performance of asset classes and schemes’ portfolios; use the results to prepare industry reports on assets under management and to support trainings for schemes and service providers.
6. Review scheme Investment Policy Statements to confirm adequacy and compliance with regulatory requirements.
7. Support risk rating and risk profiling of schemes and the compilation of off-site surveillance reports.

Requirements

Person Specifications

Minimum Qualifications

• An Honours Bachelor’s degree in either Quantitative Economics,  Statistics or Actuarial Science from a recognized university.

Desirable Qualifications

• Progress towards a professional qualification such as CFA, CPA, FRM or an actuarial qualification is an added advantage.

Experience

• A minimum of two (2) years’ relevant work experience in a reputable institution.
• Experience in financial analysis, risk assessment, investment analysis or auditing in a regulated or regulatory body is preferred.

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