Senior Insurance Policy Advisor

FCA; Greater London; Hybrid; GBP 57,000 - 68,000; Full time

Job summary

A leading financial regulator in the UK is seeking a Senior Insurance Policy Advisor to lead high-profile projects, contribute to policy development, and engage with key stakeholders. This role offers an opportunity to influence significant regulatory changes impacting millions of consumers. The ideal candidate will have experience in regulation, strong analytical skills, and excellent communication abilities. The position includes a hybrid model allowing for remote work.

Benefits

25 days annual leave plus bank holidays

Non-contributory pension

Private healthcare with Bupa

35 hours of paid volunteering annually

Flexible benefits scheme

Qualifications

• Prior experience in the regulation of insurance or financial services.
• Experience applying the FCA regulatory framework within insurance.
• Demonstrable experience in drafting policy.

Responsibilities

• Lead high profile projects impacting millions of consumers.
• Develop a framework for captive insurance and evaluate policy.
• Collaborate with industry stakeholders and manage relationships.

Skills

Analytical capability

Communication skills

Drafting technical documents

Policy development experience

Job description

Senior Insurance Policy Advisor

Division: Supervision Policy and Competition (SPC) Directorate: Insurance

• Salary: National (Edinburgh and Leeds) ranging from £52,400 to £61,800 and London from £57,700 to £68,000 (salary offered will be based on skills and experience)
• This role is graded as: Senior Associate
• Your recruitment contact is Riley Fox via [e-mail]. 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, you'll 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 tackles risks linked to principal firms and their ARs.

The policy team forms part of the insurance Market Analysis and Policy Department, whose role is to ensure the Insurance directorate can identify, prioritise, set the strategy for and mitigate the top harms in the Insurance market.

Role Responsibilities

The successful candidate will lead high profile projects and contribute to policy positions that impact millions of consumers. The role will build on and develop the candidate's skills in policy development and delivery, including opportunities to influence senior stakeholders across the FCA and beyond.

Current projects for the team include:

• Developing a framework for captive insurance, simplifying other rules following implementation of the Consumer Duty and evaluating policy post-implementation
• Maintaining and evolving key regulatory frameworks specific to general insurance and funeral plans, ensuring rules remain clear, relevant, and aligned with market needs
• Collaborating with industry stakeholders, managing relationships with trade bodies and responding to policy queries to strengthen trust and transparency

You would also contribute to the wider work of the team, including responding to policy queries from colleagues, occasionally drafting responses to MP letters and engaging with external stakeholders, including government and other sector regulators.

Skills required

Minimum

• Prior experience of the regulation of insurance or other relevant financial services sector (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
• Demonstrable experience drafting policy, in a policy related role

Essential

• 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 ability to express complex issues in a simple way
• An ability to produce consistently high-quality output to tight deadlines
• Experience of drafting technical documents or briefings

Benefits

• 25 days annual leave plus bank holidays
• Hybrid model with up to 60% remote work
• Non-contributory pension (8-12% 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 and culture

Our colleagues are the key to our success as a regulator. We are committed to fostering a diverse and inclusive culture: one that's 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

We're 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 process. In cases of high application volumes, we may progress applicants whose experience most closely matches the role's key requirements.

Useful information and timeline

• Job advert close: 2nd December
• CV Review/Shortlist: 4th December
• Competency Based Interview: w/c 8th December

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.