Salary: National ranging from £49,700 to £58,500 and London £53,300 to £65,000 per annum – Salary offered will be based on skills and experience
Are you interested in joining a team that will help shape and deliver the future of Insurance at the FCA?
The Role
The role of the Policy & Risk Team is to lead on high profile cross-sector issues in the Insurance Market. This involves leading on the strategy setting for the market, leading strategic priorities and policy development. The team also and engages externally with firms, trade associations, consumer organisations, other regulators, government departments and other market participants. We are recruiting a Senior Associate (Reg C) to play a key part in the success of the newly merged sector Risk and Policy teams.
What does this job involve?
Maintain a horizon/cross-cutting view of emerging risks in the insurance market and collaborate with colleagues to ensure that the assessment of the regulatory horizon is relevant. This involves gathering information from internal and external sources; analysing and applying judgment to identify key risks and mitigants; and presenting recommendations to Divisional senior leadership to enable effective decision-making in responding to these risks
Drafting and co-ordinating the content for briefings and speeches for senior management and participating in meetings with external stakeholders (such as Government departments and trade bodies)
Collaborating with colleagues from across the FCA to represent the views of the Insurance Division at appropriate forums and decision-making groups
Providing technical input and representing the Insurance Division in relation to cross-sector and cross-FCA policy initiatives and supporting supervisors in implementing updates and changes
Working closely with all Insurance teams and developing and maintaining effective relationships with key internal and external stakeholders is a key part of the role
Developing insurance policy proposals – evaluating the options available and developing a recommended approach
Drafting policy documents, seeking input from relevant stakeholders and taking though the governance process
Driving specific Policy projects forward, liaising with senior stakeholders and presenting to different audiences across the FCA
Responding to ad-hoc queries, seeking input from subject matter experts as required
What will the candidate get from the role?
This is an opportunity to take on a wide-ranging and interesting role helping to drive the FCA’s supervision priorities in the insurance sector
You will obtain unique insights into the workings of the Insurance Division with an opportunity to be closely involved in influencing outcomes in a dynamic and high-profile market
Work in a friendly team with experienced, highly skilled, and motivated people individuals
Be a key part of the new Risk and Policy team
Exposure to a wide range of senior colleagues within the FCA
What will you get from the role?
Our competitive flexible benefits scheme gives you the opportunity to create a personalised benefits package, tailored to suit your lifecycle. You can use this allowance to purchase additional benefits such as dental or cycle to work or you have the option top up your base salary by taking this as cash. Core benefits that you will receive as standard are:
25 days holiday per year plus bank holidays
Private healthcare with Bupa
A non-contributory Pension of at least 8% of basic salary each month (there are several contribution levels that increase depending on your age – up to 12% a month once you reach age 35)
Life assurance of eight times your basic salary
Income protection
We support hybrid working which means you will be able to work from home up to 60% of the time over a month with the remainder of your time in one of our three office locations
You will also gain
The opportunity to take on a wide-ranging and interesting role helping to drive the FCA’s supervision priorities in the insurance sector
You will obtain unique insights into the workings of the Insurance Division with an opportunity to be closely involved in influencing outcomes in a dynamic and high-profile market
Work in a friendly team with experienced, highly skilled, and motivated people individuals
Be a key part of the new Risk and Policy team
Exposure to a wide range of senior colleagues within the FCA
The skills and experience you’ll have
We're a signatory to the Government's Disability Confident scheme. This means that we guarantee an interview to any disabled candidates entering under the scheme, should they meet the minimum criteria for a role.
Minimum
Prior experience of the regulation of the general and/or life insurance sectors (which could be gained from a firm or a regulatory, government, professional services, consultancy or related environment)
Experience of applying/using the FCA regulatory framework within the insurance sector
Experience of drafting technical documents or briefings
Essential
Technical Competencies
Strong analytical capability with an ability to quickly and clearly draw out key implications from a broad and varied range of data
Strong written, oral and in-person communication and influencing skills
An independent thinker with an analytical mind-set and a risk-based approach to decision making, including the ability to reach sound and timely judgments and decisions that are justified in a concise and effective manner
An ability to express complex issues in a simple way
An ability to produce consistently high-quality output to tight deadlines
Behavioural Competencies
Self-motivated
Strong organisation, prioritisation and time management skills; ability to thrive under pressure, manage competing priorities and deliver to tight deadlines
Good communication skills, including an ability to communicate and influence effectively in person
Good judgement and an ability to quickly identify relevant issues from a wide range of data points and present the outcomes of your analysis quickly, clearly and effectively.
The ability to build strong relationships with both internal and external stakeholders at all levels
Willingness to learn and develop, taking on new responsibilities, working at pace and adopting a flexible and pragmatic approach to an often demanding workload
About the FCA
The FCA regulates the conduct of 50,000 firms in the UK to ensure our financial markets are honest, fair and competitive. We do this to make sure markets work well for individuals, businesses and the economy as a whole. For more information on what we do, our three-year strategy can be found
here.
The FCA's Values & Diversity
Our ambition is to cultivate a culture of inclusion for all employees that respects their individual strengths, views, and experiences. 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.
The FCA is committed to achieving greater diversity across all levels of the organisations. Given this, we particularly welcome applications from women, disabled and minority ethnic candidates for our Associate role.
Flexible working
We welcome applications from candidates who are looking for flexible arrangements. Many of our staff work flexibly including working part-time, staggered hours, and job shares. We can’t promise to give you exactly what you want but we won’t judge you for asking.
Multilocation & hybrid working
As part of the FCA’s on-going commitment to develop our national presence, most of our vacancies are now open to working in our Edinburgh, Leeds, or London offices. This means that as part of the application process you will be able to select your preference of which office location you would like to work from.
Useful information
Applications for this role close at midnight on 17th September
This role is graded as Senior Associate - Regulatory
Got a question?
If you are an external candidate and you are interested in learning more about the role, please contact Chhavi Bartaria on
Chhavi.bartaria@fca.org.uk
If you are an internal candidate and you are interested in learning more about the role, please contact Lucy Matthews on
lucy.matthews@fca.org.uk
Please note that all applications must be submitted through our online portal before the closing date, applications sent via email will not be accepted.