Senior Supervisor – Wholesale Insurance

Financial Conduct Authority; Leeds; Hybrid; GBP 52,000 - 66,000; Full time

Job summary

An established industry player is seeking a Senior Supervisor for their Flexible Insurance Department. This pivotal role involves shaping supervisory strategies for insurers and intermediaries, ensuring compliance while navigating the evolving landscape of the insurance sector. You'll engage with senior executives, drive project initiatives, and leverage your expertise in risk assessment to mitigate challenges. Join a collaborative team committed to making impactful decisions that enhance the integrity of financial markets. This role offers a dynamic environment where your insights will directly influence the future of insurance regulation.

Benefits

25 days holiday per year

Hybrid working (up to 60% remote)

Private healthcare with Bupa

Non-contributory Pension of at least 8%

Life assurance

Income protection

Flexible benefits scheme

Qualifications

• Experience in managing relationships with stakeholders.
• Ability to review information and make judgements on risks.

Responsibilities

• Identify and mitigate conduct and prudential risks across insurance firms.
• Lead meetings with firms' senior executives and oversee actions.

Skills

Stakeholder Management

Risk Assessment

Project Management

Communication Skills

Prudential Regulation

Conduct Regulation

Job description

Division - Insurance

Department - Insurance – Flexible Department

Salary - National (Edinburgh and Leeds) ranging from £52,400 to £65,500 and London £57,700 to £72,000 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 a Senior Supervisor to join our supervision team in the Flexible Insurance Department. You will be involved in setting and delivering the supervisory strategy for insurers and insurance intermediary firms across the sector.

As a Senior Supervisor you will play an important role in keeping abreast of this constantly evolving sector and the emerging risks for insurers, brokers and consumers. This role will involve delivery of work in support of our priorities across the Insurance and Funeral Plan sectors.

What will you be doing?

• Identifying and mitigating conduct and prudential risks across insurance sector firms and markets; escalating as and when appropriate
• Devising the content and leading meetings with firms' senior executives; overseeing firm actions and mitigation programmes
• Reviewing information provided by firms and other external sources to draw out and present key information
• Using your experience, knowledge, and judgement to make risk-based decisions
• Driving cases and work plans forward to meet milestones and SLAs
• Keeping up to date on wholesale sector issues, risks, and news; using your insights to reduce harm
• Developing supervisory strategies and projects and adapting to changing priorities
• Leading on project work involving the wholesale insurance portfolios
• Supporting colleagues across the department in delivering on our wider insurance sector strategy

What will you get from the role?

Your work will be both varied and challenging, with ample opportunities to interact with a range of insurance sector firms. You will work as part of a supportive and collaborative team on high profile projects that influence the behaviours and business models of insurance firms.

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

• Evidence of reviewing information and making judgements to decide the best way to deal with risks in firms and markets
• Experience of managing relationships with external and internal stakeholders

Essential

• Experience of delivering through others and ensuring work and projects are progressed efficiently and at pace
• Experience of summarising information and drawing out key points and presenting them clearly in writing
• Experience of leading meetings with firms and other external stakeholders
• Being proactive and able to work on your own initiative
• Being willing to learn and develop, taking on new responsibilities and adopting a flexible pragmatic approach to your work
• Practical experience of prudential and conduct regulation
• Commitment to learning and development, willingness to take on new responsibilities and a flexible pragmatic approach to your work

Desirable

• Experience of working with the business models, firms, and risks in the insurance sector

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.

The FCA is committed to achieving greater diversity across all levels of the organisation. Given this, we particularly welcome applications from women, minority ethnic, disabled, and neurodivergent candidates for our senior associate role.

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%
• Life assurance
• 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:Thursday May 15th (midnight)
• CV Review/Shortlist: Monday May 19th
• Competency Based Interview: w/c 26th May

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:

• For external/internal candidates please contact Declan Sassman at [e-mail]

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