Legal counsel for the Supervision of insurance products and of supplementary pensions department

Where will you be working?

You will be employed as a legal advisor in a department that exercises a threefold supervisory mandate. 

The first of those is the supervision of insurance products (life and non-life). This involves examining whether the marketing of these products is accompanied by transparent pre-contractual information and whether the products offered are useful to consumers (Value for Money). 

Second, the department has a dual mandate as regards supplementary pensions. On the one hand, the department is responsible for the prudential supervision of institutions for occupational retirement provision (IORPs), known as pension funds. On the other hand, the department is entrusted with the social supervision of second pillar pensions. That pillar concerns supplementary pensions built up in the context of an occupational activity, regardless of whether they are managed by an IORP or by an insurance company.

Your task will lie mainly in the area of supervision of supplementary pensions. 

What will your job entail?

  • For prudential supervision, you will be part of a multidisciplinary team of actuaries, economists and legal advisors. Your specific task will be to assess the more institutional aspects of IORPs. You will examine whether the institution meets the legal requirements as regards legal form, articles of association, etc. You will also check that the institution’s organization is appropriate to meet the requirements of good governance. 
  • Social supervision refers to supervision of compliance with the social legislation governing pensions. The legislation in question establishes the framework for pension plans and essentially governs the rights and obligations of the various parties concerned (organizers, members and pension institutions). You will be involved primarily in structured social supervision. Furthermore, you will handle all kinds of requests for clarification or interpretation of the legislation, as well as complaints from pension plan members. Lastly, you will also participate in projects focused on financial education about supplementary pensions. 

What knowledge, experience and skills do you bring?

  • A Master’s degree in law. A specialization in pension law or insurance law is an asset.
  • Familiarity with the different aspects of supplementary pensions and life insurance, or willingness to become thoroughly acquainted with these matters. 
  • Knowledge of and/or interest in labour or social law is an asset.
  • Solid competence in Dutch and French and a good command of English.
  • An analytical mind-set and the ability to combine this with an excellent capacity for synthesis. Your strengths are accuracy and professionalism.
  • Skill in logical structuring of verbal and written communication;
  • Both a team player and able to work independently.
  • Constantly seeking improvement.
  • Good knowledge of the commonly used Microsoft Office applications (Outlook, Word, Excel, etc.).

What do we offer you?

  • A full-time job with a permanent contract. 
  • Work that has an important social impact: you will be contributing to consumer protection. 
  • A competitive salary package with a wide range of family-friendly and fringe benefits (including group and hospitalization insurance, reimbursement of public transport costs, budget-friendly company restaurant, contribution to your mobile phone and internet subscriptions, additional non-statutory holidays, bank holidays, etc.). 
  • Good work/life balance (possibility of teleworking a few days a week).
  • Flexible working hours. 
  • Easy to reach location in central Brussels. 
  • Many opportunities for training and development.  

Each member of the FSMA staff is subject to a strict code of ethics and is bound by the obligation of professional secrecy.