A role has become available within the Insurance Reactive Supervision Team. You will work closely alongside the team manager in overseeing the planning and delivery of our reactive and proactive supervisory strategy a portfolio of over 6,000 retail, wholesale and life insurers and intermediaries. You will oversee a team of supervisors focusing on analysing and progressing casework based on external and internal intelligence.
You will be responsible for overseeing the work of a number of supervisors, and working closely alongside the team manager to oversee the planning and delivery of the supervisory strategies for these firms.
What does the role involve? What are the key responsibilities?
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Identify conduct and prudential risks in insurance firms and markets and mitigate them effectively yourself or through others by setting appropriate supervisory strategies and ensuring the delivery of them
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This will include: devising the content and leading meetings with firms’ senior executives; conducting visits to firms; overseeing firm actions and mitigation programmes
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Have task management responsibility for 3-4 other associates in the team. Delegating tasks to more junior members of the team; ensuring the requirements are appropriate, clear and agreed; and managing the completion of their work in terms of quality and timeliness
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Feed into and support the management of the team and the department
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Be able to assess and respond to emerging and/or crystallised risks in a calm and balanced manner; escalating when appropriate
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Support and mentor other members of the team in their personal development
What will the candidate get from the role?
Your work will be both varied and challenging with an opportunity to interact with a range of firms. You will work closely with your manager, as part of a supportive and collaborative team, on high profile pieces of work that influence the behaviours of insurance firms.
Skills/Experience Required
We’re a signatory to the Government’s Disability Confident scheme. This means that we will offer an interview to disabled candidates entering under the scheme, should they meet the minimum criteria for a role. A minimum criterion needs to be measurable from reviewing a candidate’s CV. Exceptions may apply if due to the volume of applications we are not able to interview all eligible candidates who qualify under the scheme.
Minimum
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Experience of the General Insurance sector, either through working in industry, a regulatory or consultancy position
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Evidence of taking a lead in managing relationships with internal and external stakeholders at all levels, including deputising for your manager on occasion
Essential
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An ability to swiftly and accurately analyse information and make confident and assured judgements to decide the best way to deal with risks in firms and markets
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Sound judgement with an ability to prioritise, making clear and timely decisions and recommendations based on appropriate stakeholder input and use of data and intelligence, escalating where necessary
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You will be adept at summarising information received from firms – drawing out key points and presenting them clearly orally and/or in writing
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You will have a deep understanding of the business models, firms and conduct risks in the general insurance sector
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You will have leadership ability to consistently deliver to the highest standards through others by motivating, inspiring and supporting colleagues
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An ability to influence & build relationships with wide range of internal and external stakeholders, and be able to influence at senior levels
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A strong and inspiring team player who has the capacity to integrate quickly into the department; working effectively with senior stakeholders, peers and more junior members of staff
Desirable
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An understanding of supervision and the FCA’s approach to regulation
About the FCA
At the FCA, we’re creating a fair and more resilient financial system. We’re establishing more transparent relationships between financial services and their customers, building trust in financial markets and protecting vulnerable consumers.
The FCA’s Values & Diversity
Our ambition is to create a diverse and inclusive workplace that reflects the society we serve, helping us to be a better regulator.
As an inclusive employer, we are open to considering flexible working arrangements. Please contact our recruiter if you wish to apply for this role on a flexible basis.
Useful Information
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This role is graded as Lead Associate, Regulatory
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Applications for this role close on 27th July
The FCA has a national role and is committed to a national footprint. This role can be based in London & Edinburgh.
The FCA has London and National Pay ranges to reflect regional differences. The salary for this role will be:
London – up to £75,000
National (roles in Edinburgh) – up to £70,000
If you are interested learning more about the role, please contact Chhavi Bartaria on
Chhavi.bartaria@fca.org.uk
Please note – Applications must be submitted through our online portal. Applications sent via email will not be accepted.
The FCA is currently trialling a new hybrid way of working, requiring colleagues to spend 40% of their time in the office each month until the end of July. This trial period will allow us to identify the most appropriate balance of hybrid working, enabling us to benefit from the best of both working in an office environment and remotely.
The Financial Conduct Authority (FCA) has recently set out a
new employment offer
designed to reward strong, consistent performance, aid career development and close pay gaps.
This follows an extensive, wide-ranging and comprehensive consultation with all FCA colleagues and the FCA’s Staff Consultative Committee. The changes, including updates to the proposals consulted upon, will mean that the FCA continues to provide one of the best reward packages of any regulator or enforcement agency in the UK.
If you have any questions please speak to your recruiter or visit the FCA
website
(or
intranet
for internal colleagues).
More Information
- Salary £75,000 plus
- Hybrid Role Yes
