The Financial Regulatory Services Division of the National Association of Insurance Commissioners (NAIC) has an exciting opportunity for a International insurance Policy Analyst - Macroprudential Supervision in our New York City, Kansas City, or DC Office. We are looking for a team member who would enjoy working for an organization that strives every day to support the public good and make a difference. This is a full-time position in a positive and flexible hybrid environment.
This position plays an integral role in supporting the organization's work regarding macroprudential supervision and related policy development. Primarily, this position is the NAIC's liaison with the International Association of Insurance Supervisors (IAIS) regarding macroprudential initiatives. The person will be a member of relevant IAIS working groups representing the NAIC's position on various policy issues. Additionally, the position supports the domestic macroprudential initiatives via the NAIC Financial Stability Task Force and Macroprudential Working Group.
- Steer international policy development and member requirements in such a way that promotes mutual benefits for both the NAIC and the IAIS.
- Advance the U.S. insurance regulatory perspective in international arenas.
- Provide staff support for our principal NAIC members who serve on various IAIS committee's and working groups. This includes preparing written notes, talking points and annotated agendas for those members and various NAIC staff.
- Monitors status of developments and activities related to financial stability and macroprudential supervision by the IAIS and other international organizations. Regularly report and communicate on these to NAIC members and staff as well as the implications they may have for the insurance sector both globally and domestically.
- Draft, review, edit and comment on various documents and publications produced by the IAIS.
- Respond to and handle all aspects of information data requests from the IAIS and foreign insurance regulators.
- Provide staff support for the NAIC Financial Stability Task Force (FSTF) and Macroprudential Working Group (MWG), which serve as the oversight body for domestic macroprudential initiatives.
- Be knowledgeable of all U.S. macroprudential initiatives and how they fit into U.S. insurance regulation.
- Oversee the U.S. regulatory framework compliance with the IAIS Holistic Framework, including the Insurance Core Principles, and assist in the IAIS and IMF reviews of the U.S. regulatory system.
- Coordinate all aspects of the FSTF, arranging and attending meetings, preparing agendas, facilitating conference calls, adhering to mission statements, drafting talking points, charters, minutes, etc.
- Escalate ideas gleaned via international participation to U.S. regulators and NAIC staff that may strengthen U.S. insurance regulation.
- Collaborates with NAIC Financial Regulatory Services staff regarding industry analysis reports, working to improve analytical profiles, and providing recommendations where more analysis may be needed.
- Identifies, obtains, and analyzes voluminous internal data and external economic data relative to the insurance industry and incorporate the data into key macroprudential initiatives.
Skills and Abilities:
- Be knowledgeable of the U.S. regulatory framework and be able to communicate the framework at the IAIS and other international settings.
- Attend in-person and virtual IAIS meetings to accomplish the above duties.
- Contribute to the Macroprudential Risk Assessment process by identifying key risks and key risk indicators.
- Coordinate with other areas of the NAIC, and its members, to obtain input and views and to ensure that other NAIC committees, task force's and working groups are coordinating their efforts.
- Ensure the Manager is prepared for all meetings, including timely preparation and delivery of briefing materials and talking points.
- Monitor financial market trends, insurance industry trends and consider the implication for regulators, insurers, and other U.S. stakeholders.
Minimum Education and/or experience required:
- Ability to collaborate across multiple divisions/department lines.
- Ability to cultivate innovative thinking.
- Effective communicator through written and oral presentations.
- Significant knowledge and experience in the areas of insurance products, insurance business models, systemic/macroprudential risks and investments.
- Ability to provide an in-depth analysis of international and national proposals for policy measures and standards and the ability to discern the implications for the regulation of U.S. insurance firms.
- Bachelor's degree in a business-related field such as economics, finance, accounting or public administration.
- Five years related work experience.
- Experience preparing and analyzing data.
- Must have experience with Microsoft Word, Excel and PowerPoint.
- Ability to travel internationally, approximately five times a year.
- Graduate degree in a business-related field such as an MBA or Master's degree in economics, finance, accounting or public administration.
- Experience working with national or international financial regulators, knowledge, or experience in more than one financial sector.
- Knowledge of the insurance industry and the insurance regulatory framework
- Strong written and verbal communication skills.
- Excellent research and presentation skills.
Starting at $89, 642 to $136, 000, to be commensurate with experience and education.
Interested in learning more about the amazing benefits the NAIC offers? Visit our Benefits page for more information.The NAIC is proud to be an Equal Opportunity Employer
Applicants for all positions are considered without regard to age, race, creed, color, religion, sex, sexual orientation, gender identity or expression, national origin or ancestry, marital status, pregnancy, genetic information, military or veteran status, disability, or any other basis protected by applicable law.
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