Our client, a leading insurance provider, is seeking a highly skilledRegulatory Business Analyst to join their team on adaily rate contract basis.
The ideal candidate will have strong expertise in regulatory frameworks and insurance, with a particular focus onIFRS 17 implementation and compliance.
This is a critical role supporting the insurance business in ensuring they meet both regulatory requirements and internal operational efficiency.
The successful candidate will work closely with internal stakeholders to ensure compliance, provide regulatory insights, and help streamline processes around IFRS 17.
Key Responsibilities: Act as a liaison between regulatory bodies and internal teams to ensure all regulatory requirements are clearly understood and met, particularly around IFRS 17.
Support the implementation and ongoing compliance ofIFRS 17 standards, ensuring the organization's systems and processes align with the requirements.
Conduct gap analysis between existing processes and IFRS 17 requirements and work with various teams to close these gaps.
Collaborate with actuarial, finance, and IT teams to define and refine requirements for IFRS 17-related processes and reporting.
Provide regulatory advice to internal teams regarding changes in financial regulations affecting the insurance industry.
Prepare and present detailed reports and documentation outlining regulatory requirements, compliance strategies, and progress of implementation.
Assist in the development of business cases and strategic plans related to regulatory compliance.
Support the development and execution of testing and validation of systems related to IFRS 17.
Proactively monitor developments in regulatory standards and provide advice on how they affect the business.
Facilitate workshops and meetings to ensure all stakeholders are aligned on regulatory changes and their impact on business operations.
Skills & Experience: Experience with IFRS 17 and a strong understanding of its impact on insurance financial reporting.
In-depth knowledge ofregulatory frameworks within the insurance industry.
Strong experience as aBusiness Analyst in insurance, ideally with a regulatory or compliance focus.
Proven ability to conductgap analysis, risk assessments, and define business requirements.
Strong experience working with multiple departments, including finance, actuarial, and IT, to implement regulatory solutions.
Familiarity with financial systems, particularly in relation to IFRS 17 reporting and data extraction.
Ability to communicate complex regulatory and technical concepts to both technical and non-technical stakeholders.
Strong organizational and project management skills, with the ability to handle multiple priorities.
Certifications in insurance or regulatory standards would be beneficial (e.g., CII, FIA, etc.).
Personal Attributes: Strong analytical skills with attention to detail.
Excellent communication and interpersonal skills.
Proactive, self-motivated, and able to work independently.
Ability to work under pressure and manage multiple stakeholders.
A collaborative team player who can influence and engage stakeholders at all levels.
Skills: IFRS Regulatory requirements Benefits: Hybrid