Overview
Senior Legal Studies Specialist Jobs in Riyadh, Saudi Arabia at هيئة التأمين | Insurance Authority
Title: Senior Legal Studies Specialist
Company: هيئة التأمين | Insurance Authority
Location: Riyadh, Saudi Arabia
Job Purpose
The Senior Legal Studies Specialist is responsible for supporting research, analysis, and studies on current trends and issues in the insurance sector. The Senior Specialist assists in engaging with industry participants, performing legal analysis, and providing advisory services to ensure the development of comprehensive and enforceable regulations and policies.
Key Responsibilities and Activities:
Operations Management:
Implementation of Department’s policies, regulations, procedures, and controls so that all relevant procedural/ legislative requirements are met while delivering high-quality and cost-effective results.
Consultation & Studies:
Support research and analysis on current trends and issues in the insurance sector, assisting in assessing the impact of existing regulations and proposing updates or new regulations to ensure fair and efficient industry operations.
Assist in engaging with various industry participants, including insurance companies, consumer advocacy groups, and other governmental agencies, to gather diverse perspectives on proposed regulations and policies, ensuring their comprehensiveness and practicality.
Assist in conducting studies and research on specific topics relevant to the insurance market, such as market dynamics, risk assessment, and the efficacy of regulatory interventions, providing data-driven insights for decision-making.
Contribute to the development of guidelines for enforcement actions to be taken against entities that violate insurance regulations, ensuring a fair and consistent approach.
Stay updated on legal developments, industry trends, and best practices related to insurance laws, regulations, and policies.
Collaborate with internal and external stakeholders to gather input and feedback on proposed regulations and policies, fostering a collaborative and inclusive approach.
Maintain accurate and up-to-date records and documentation related to research, analysis, and activities of the Consultation and Studies Department.
Assist in developing department policies, procedures, and controls so that all relevant procedural/legislative requirements are met while delivering high-quality, cost-effective results
Perform any other related job duties as assigned.
Qualifications and Requirements
Knowledge and Experience:
3 years or more of relevant experience in insurance management, legal and compliance.
Previous experience in government sector or regulatory bodies is preferred.
Education and Certifications:
Bachelor’s degree in law or a related field.
Relevant Insurance certification is preferred.
Competencies:
Effective communication
Teamwork
Results-oriented
Stakeholders’ management
