Lead Life Insurance Associate

Job title: Lead Life Insurance Associate
Division: Supervision Policy & Competition
Department: Insurance

• Salary: National (Edinburgh and Leeds) ranging from 59100 to 73700 and London from 64900 to 81000 (salary offered will be based on skills and experience)

• This role is graded as: Lead Associate - Regulatory

• Your Internal recruitment contact is Rumana Hussain via .

• Your external recruitment contact is Tahir Khan via . Applications must be submitted through our online portal. Applications sent via social media or email will not be accepted.

About the FCA and team

We regulate financial services firms in the UK to keep financial markets fair thriving and effective. By joining us youll play a key part in protecting consumers driving economic growth and shaping the future of UK finance services.

SPC oversees firms and individuals (supervision) creates and reviews the rules by which they operate (policy) and identifies and remedies ineffective competition in markets (competition). The Insurance Directorate oversees a wide range of regulated insurance firms from small intermediaries to global insurers and includes the Appointed Representatives Department which was set up in 2022 to tackle risks linked to principal firms and their ARs.

The successful candidate will be theLead AssociateinLife Team 1one ofthetwolifeinsurancesupervisionteamsin the Insurance Division. As a Lead Associate you will play an important role in the development and delivery of the supervisory strategies for our regulated Life Insurance and Outsourcer firms leading on the most significant workstreams as well as overseeing and coaching our supervisors.

Role responsibilities:

• Assisting theteammanager in leading the team and coveringin their absence

• Overseeing and supporting our Senior Associatesto design and deliver the supervisory strategies forfirms ensuring that the teamswritten documentsareclear and accuraterelaying complex information in the FCA tone

• Leading key stakeholder engagement and acting as a point of escalation when required when dealing with either internal or external stakeholders

• Guiding and assisting our management of day-to-day relationships with key insurers in the life insurance marketengaging regularly with senior managers and executives

• Analysing complex information to understand the risks posed by firms make recommendations for action and ensure that the teams recommendations are clear and robust

• Ensuring the teams approach to reactive casework is appropriate and inline with standards and SLAs

• Coaching and developingthe teamto achieve high standards in delivering their work and progress towards their career aspirations

• Playing a leading role within Supervision Policy & Competition Division (SPC) in contributing to the successful delivery of divisional priorities and portfolio strategies

Skills required:

Minimum:

• Financial services experience gained in a risk management regulatory or commercial environment

• Demonstrated experience of working within the Life Insurance sector

• Proven experience of coaching and mentoring other members of the team

Essential:

• Excellentstakeholder management skills

• Strong analytical skills includingan ability tounderstandcomplex and variedinformationand toquicklyidentify keydata/issues

• Strong communication skills both written andverbal including theability to convey complex issues in a coherent logical and compelling way

• Anunderstanding ofretailfinancial servicesmarkets including business models products and risks

• Knowledge of the life insurance industryin the UK

• Using experience knowledge and professional judgement to make complex risk-based decisions

Benefits:

• 25 days annual leave plus bank holidays

• Hybrid model where employees work a minimum of 40% in the office each month (expectation of50% for senior leaders). Changing from September toa minimum of 50% in the office each month (expectation of60% for Directors andExecutive Directors)

• Non-contributory pension (812% depending on age) and life assurance at eight times your salary

• Private healthcare with Bupa income protection and 24/7 Employee Assistance

• 35 hours of paid volunteering annually

• A flexible benefits scheme designed around your lifestyle

For a full list of our benefits and our recruitment process as a whole visit our benefits page.

Our Values & Culture

Our colleagues are the key to our success as a regulator. We are committed to fostering a diverse and inclusive culture: one thats free from discrimination and bias celebrates difference and supports colleagues to deliver at their best. We believe that our differences and similarities enable us to be a better organisation one that makes better decisions drives innovation and delivers better regulation.

If you require any adjustments due to a disability or condition your recruiter is here to help - reach out for tailored support.

We welcome diverse working styles and aim to find flexible solutions that suit both the role and individual needs including options like part-time and job sharing where applicable.

Disability Confident: Our Hiring Approach

Were proud to be a Disability Confident Employer and therefore people or individuals with disabilities and long-term conditions who best meet the minimum criteria for a role will go through to the next stage of the recruitment cases of high application volumes we may progress applicants whose experience most closely matches the roles key requirements.

Useful Information and Timeline

• Job advert close: Tuesday 2nd June at 23:59pm

• CV Review/Shortlist: Thursday 4th June

• First Interview: w/c 8th June

• Second Interview: w/c 15th June

• Your Recruiter will discuss the process in detail with you during screening for the role therefore please make them aware if you are going to be unavailable for any date during this time.