Senior Associate - Fixed Insurers Supervisor

Financial Conduct Authority; London; Hybrid; GBP 57,000 - 65,000; Full time

Job summary

The Financial Conduct Authority is seeking a Senior Supervisor for the Fixed Retail Insurers Team. This role involves managing relationships with key insurers, making risk-based decisions, and influencing supervisory strategies. The ideal candidate will have strong analytical skills and experience in financial services, contributing to the regulatory landscape and ensuring fair market practices.

Benefits

25 days holiday plus bank holidays

Hybrid working (up to 60% from home)

Private healthcare with Bupa

Non-contributory Pension of at least 8%

Life assurance of eight times your basic salary

Income protection

Qualifications

• Prior drafting experience with strong attention to detail.
• Experience building rapport with key contacts.

Responsibilities

• Managing day to day relationships with key insurers.
• Making complex risk-based decisions.
• Setting supervision strategies and implementing plans.

Skills

Analytical skills

Relationship building

Attention to detail

Decision making

Education

Experience in financial services or regulatory body

Job description

Senior Supervisor - Retail & Health Fixed Insurers

Division – Insurance

Department – Fixed Retail Insurance

Salary - National (Edinburgh and Leeds) ranging from £52,400 to £58,500 and London £57,700 to £65,000 per annum (Salary offered will be based on skills and experience)

About the FCA

The FCA regulates the conduct of 45,000 firms in the UK to ensure our financial markets are honest, fair and competitive. Follow this link to find out more About the FCA.

We are looking for someone to join the Fixed Retail Insurers Supervision Team in the Market Interventions Insurance Division at the Financial Conduct Authority (FCA). You will play an important role in the development and delivery of the supervisory strategies for Retail General and Health Insurance firms.

Joining the Fixed Retail Insurers Team, gives you the opportunity to be at the heart of our insurance supervision strategy, helping ensure firms and markets work well so that customers get a fair deal. Your role will involve regular engagement with one or more of the firms we supervise. A typical day can range from meeting with CEOs to reviewing Board Papers or helping with a range of reactive issues.

We are looking for people who enjoy using their analytical skills to make sound judgements and who are great at building relationships. Your personal development is important to us. We’ll do what we can to help you develop and progress in your career and we’ll make sure you have the training, support and tools you need to do that.

What will you be doing?

• Managing day to day relationships with key insurers in the retail insurance market

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

• Playing an important role in setting our supervision strategies, and in implementing our plans and actions

• Analysing complex information to understand the risks posed by firms and make recommendations for action

• Preparing clear written documents relaying complex information in the FCA tone

• Ensuring key risks and information are escalated quickly and clearly within the FCA

What will you get from the role?

• You will be part of a diverse and experienced team, who pride themselves in their supportive and collaborative approach

• You will be given responsibility and empowerment, making important decisions and helping to make a difference to the financial well-being of consumers and the insurance market

• You will have influence over supervisory strategy and changing firms' senior management behaviour

Which skills are required?

We are a Disability Confident Employer; therefore, disabled people or individuals with long-term conditions who best meet the minimum criteria for a role will go through to the next stage of the recruitment process. (To learn more about the Disability Confident Scheme Click Here )

Minimum

• Prior and concise drafting experience with strong attention to detail

• Prior experience building rapport and constructive relationships with key contacts, both internally and externally

Essential

• Proactive approach to work and being curious and able to use your own initiative and prioritise where necessary

• Delivery focussed & taking pride in seeing the job through

• Experience of delivering strategies to mitigate risks and identify failings using a range of tools/methods

• Willing to learn and develop, take on new responsibilities and adopt a flexible approach to your work

• A great team player, able to work together with the team to achieve positive outcomes

• Ability to make logical and timely decisions

• Previous experience of working in financial services or a regulatory body

Our Values & Diversity

We are proud to be an inclusive employer and our ambition is to cultivate a culture 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.

Within the workplace you will have access to various employee resource groups which aim to promote and achieve a healthy work / life balance and support our diversity ambitions.

Did you know? 50% of our Executive Committee were the first in their family to attend university.

Benefits of working at the FCA

• 25 days holiday per year plus bank holidays

• Hybrid working (work from home up to 60% of your time)

• 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 also have a competitive flexible benefits scheme which gives you the opportunity to create a personalised benefits package, tailored to suit your lifestyle.

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 can explore what might work best for both sides.

Follow this link to see what life is like at the FCA - Life at the FCA

Application Support

We are dedicated to removing barriers and ensuring our application process is accessible to everyone. We offer a range of adjustments to make your application experience as comfortable and straightforward as possible.

If you have an accessibility need, disability, or condition requiring changes to the recruitment process, please contact your recruiter using the details below and they will be happy to discuss this further with you.

Useful Information and Timeline

• This role is graded as Senior Associate, Regulatory

• Advert Closing Date: 1st June 2025

• CV Review/Shortlist: 3rd June 2025

• First Round Case Study Assessment: w/c 9th June 2025

• Competency Based Interview: w/c 16th June 2025

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.

Got a question?

If you are interested in learning more about the role, please contact:

[e-mail]

Applications must be submitted through our online portal. Applications sent via email will not be accepted.