Job Description
DIRECTORATE/DEPARTMENT: Directorate of Research
Innovation Policy and Strategy
GRADE/LEVEL: IRA 4
IMMEDIATE SUPERVISOR: Director Research Innovation Policy and Strategy
Job Reference: REF: MRI/06
a) Job purpose
The position is responsible for generating knowledge and information to inform
policy and decision making through research and innovation. The position will
support in formulating, implementing monitoring and evaluation policies and
practices that support promotion of access, inclusion and market development
in the Insurance industry.
b) Job Specifications
Duties and responsibilities will entail:
I. Managerial / Supervisory Responsibilities
(i) Formulating and implementing the research and innovation policies,
objectives and initiatives in line with the Authority’s strategic agenda.
(ii) Carry out multi-disciplinary research projects on current and emerging
issues on the insurance industry.
(iii) Identifying and implementing accelerated new and innovative solutions
within a focussed ecosystem through collaboration and partnerships.
(iv) Share information on the innovation hub while consumer protection
safeguards into products and to promote new ideas and innovations in
line with objectives of supervision.
(v) Identify linkages with research and learning Institutions for effective and
mutually beneficial research and development.
(vi) Identify innovative challengers through innovation and competition to
promote access and inclusion in the insurance industry.
(vii) Review literature on developments in technology and innovation through
continuous engagement with regulated entities and tech start-ups.
(viii) Initiate and organize workshops and share information through
outreach (e.g. meetings, seminars, workshops, conferences,
publications) Manage intellectual property in innovations for enhanced
information sharing.
(ix) Develop proposals based on the identified innovation strategy and work
with partners to access financial and technical support
(x) Implementation of programmes aimed at promoting adoption and growth of
innovative insurance products and services
(xi) Participation in joint research activities, innovation and sharing of
results
II. Operational Responsibilities / Tasks
(i) Prepare and implement the Department’s annual budgets, annual work
plans, procurement and disposal plan in compliance with the applicable
laws and regulations;
(ii) Development of research proposals.
(iii) Participate in information sharing through meetings, seminars, ,
workshops and conferences
(iv) Identify areas for further research and innovation.
(v) Work with consultants and other outsourced researchers
(vi) Develop progress reports on research and innovative initiatives for
consideration in the regulatory sandbox and bimalab
(vii) Supervise and evaluate performance of direct reports
(viii) Prepare progress report on research and innovation on a periodic basis
c) Persons Specifications
(i) A Master’s Degree in Economics, Insurance, Risk Management,
Statistics, Insurance, actuarial, ICT, Law, Finance, Financial
Engineering, Commerce, Business Management or related Social
Sciences from a recognized institution;
(ii) A Bachelor’s Degree in Economics, Insurance, Risk Management,
Statistics, Insurance, actuarial, ICT, Law, Finance, Financial
Engineering, Commerce, Business Management or related Social
Sciences from a recognized institution;
(iii) Project Management Course
(iv) Certificate in Computer Proficiency
(v) Research Methods Course
(vi) Proficiency in relevant data analysis software (SPSS, STATA, R)
(vii) Management Course lasting not less four (4) weeks
(viii) Supervisory Course lasting not less than 2 weeks
(ix) Nine (9) years of relevant experience
(x) Meets provision of chapter six of the Constitution