Director, Supervision at Retirement Benefits Authority

Job Purpose

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

Job Requirements

1. 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;
2. 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;
3. Relevant professional qualification and membership to a professional body, in good standing, where applicable;
4. At least twelve (12) years’ relevant work experience with at least five (5) years’ experience in a managerial role;
5. A certificate in leadership from a course lasting not less than four (4) weeks;
6. Demonstrated merit and ability as reflected in work performance;
7. Proficiency in computer applications; and,
8. Fulfill the requirements of Chapter 6 of the Constitution.

Job Specifications

1. Advising the Board of Directors and Management on matters related to supervision and licensing of retirement benefits schemes;
2. Developing, reviewing and implementing prudential and conduct guidelines for the retirement benefits industry;
3. Formulating and implementing effective strategies and programs for registration of retirement benefits schemes and service providers;
4. Formulating and implementing effective strategies and programs for monitoring and surveillance of the retirement benefits industry to ensure compliance with the regulatory framework;
5. Ensuring the enforcement of all sanctions provided under the Retirement Benefits Act and the Regulations;
6. The determination of levy, fees and penalties as prescribed under the Retirement Benefits Act;
7. 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;
8. 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,
9. Monitoring and reporting on quality management systems, performance progress and risk mitigation activities in the Directorate.

Key Competencies and Skills

1. Report and cabinet memorandum writing skills;
2. Strategic thinking and leadership skills;
3. Analytical and interpersonal skills;
4. Communication and negotiation skills;
5. Mentoring and coaching skills; and,
6. Team player.