Senior Supervisors - Insurance in Leeds

Location: Leeds

The Bank of England is the UK's central bank. Our mission is to deliver monetary and financial stability for the British people. The Bank of England is a diverse organisation, each of its 4,000 plus people are committed to public service and dedicated to promoting the good of the people of the United Kingdom by maintaining monetary and financial stability.

The Insurance Supervision Directorate promotes the safety and soundness of over 500 insurers operating in the UK. This includes general insurers, life insurers, friendly societies and the London market. We help identify and mitigate potential risks before they can have an adverse effect on policyholders and financial stability.

We are recruiting Senior Supervisors to join the PRA’s Insurance Supervision Directorate. Roles are available across Retail Life, London Markets and Major Life Groups Divisions, providing opportunities to work on either individual firm or cross-firm supervision. The role brings a significant level of responsibility and accountability and is critical to the success of our prudential supervision strategy.

Senior Supervisors are responsible for leading engagement with firms at a senior level, providing strong challenge to executive and Board members where needed, and representing the PRA and the Bank. Previous supervisory experience is not a pre-requisite, as responsibilities will be tailored to the competencies, aptitude and aspirations of successful candidates.

Day to day, you will use your analytical skills to deliver assessments and understand any risks firms might pose to our objectives. To do this, you will interact with firms and build an understanding of how they work. When things do not look quite right, you will investigate issues and dig deeper. You will share your findings with the wider internal team and work closely with senior leaders across UK and international financial firms. Everything you do will help ensure our supervisory strategy is implemented effectively. The mixture of high-profile work and complex issues means you will have opportunities to develop both technical and interpersonal skills.

We will match you to a role that builds on your strengths. You will need to be curious, ready to learn and keen to share ideas. You will enjoy analysing problems and be open to discussing and debating issues. With self-motivation and initiative, you will be able to set your own targets and work to deadlines. Importantly, you will have the ability to manage stakeholders and influence people and decisions.

Role requirements

Minimum criteria

• Proactive, strong analytical skills, with the ability to communicate credibly in front of internal and external stakeholders.
• Existing financial services experience or a demonstrable motivation to learn about financial services.
• Ability to draw reasonable conclusions from a range of financial information and recommend appropriate remedial action.
• Commercial awareness and an understanding of the impact of external factors and industry trends.
• Ability to produce clear, concise and structured written communication tailored for different audiences.

Essential criteria

• Effective relationship management, including an ability to influence senior colleagues, work independently and as part of a team, coach junior colleagues and challenge constructively by bringing a diverse set of views and perspectives.
• Excellent organisational skills to proactively prioritise and manage workload.
• Excellent interpersonal skills to build and maintain relationships with colleagues and external stakeholders.

Desirable criteria

• Insurance, financial services, actuarial, accounting, risk, compliance, policy or other relevant technical experience.
• Data analytics skills, for example Tableau, R or Excel.

You should not be put off applying if you do not meet, or do not have, all of these criteria. We encourage you to get in touch to discuss what support you might need to close any gaps and any other skills you have which could be helpful in role.

Our Approach to Inclusion

The Bank values diversity, equity and inclusion. We play a key role in maintaining monetary and financial stability, and to do that effectively, we believe we need a workforce that reflects the society we serve.

At the Bank of England, we want all colleagues to feel valued and respected, so we're working hard to build an inclusive culture which supports people from all backgrounds and communities to be at their best at work. We celebrate all forms of diversity, including (but not limited to) age, disability, ethnicity, gender, gender identity, race, religion, sexual orientation and socioeconomic status. We believe that it’s by drawing on different perspectives and experiences that we’ll continue to make the best decisions for the public.

We welcome applications from individuals who work flexibly, including job shares and part time working patterns. We've also partnered with external organisations to support us in making adjustments for candidates and employees in the recruitment process where they're needed.

From 1st October 2026, we expect all our colleagues to spend a minimum of 50% of their working time in the office per month. This is to capitalise on the benefits of working together in person across teams, while maintaining the flexibility offered by home working. Subject to that minimum requirement, individuals and managers should work together to find what works best for them and their team.

Finally, we're proud to be a member of the Disability Confident Scheme. If you wish to apply under this scheme, you should check the box in the ‘Candidate Personal Information’ under the ‘Disability Confident Scheme’ section of the application.

Salary and Benefits Information

We encourage flexible working, part time working and job share arrangements. Part time salary and benefits will be on a pro-rated basis as appropriate.

The salary range on offer is £50,320 - £56,610. In addition, we also offer a comprehensive benefits package as detailed below:

• Currently a non-contributory, career average pension giving you a guaranteed retirement benefit of 1/80th of your annual salary for every year worked. There is the option to increase your pension (to 1/65th) or decrease (to 1/105th) in exchange for salary through our flexible benefits programme each year. The Bank has the discretion to vary standard accrual rates and dial up and dial down rates at any time and to withdraw dial up and dial down options at any time.
• A discretionary performance award based on a current award pool.
• An 8% benefits allowance with the option to take as salary or purchase a wide range of flexible benefits.
• 26 days’ annual leave with option to buy up to 12 additional days through flexible benefits.
• Private medical insurance and income protection.

National Security Vetting Process

Employment in this role will be subject to the National Security Vetting clearance process (and typically can take between 6 to 12 weeks post offer) and the passing of additional Bank security checks in accordance with the Bank policy. Further information regarding the vetting and security clearance requirements for the role will be provided to the successful applicant, and information about how the Bank processes personal data for these purposes, is set out in the Bank's Privacy Notice.

The Bank of England welcomes applications from all candidates, but as a UK Visas and Immigration (UKVI) approved sponsor, we have a responsibility to comply with the Immigration Rules and guidance. As such, our ability to employ individuals who require sponsorship for immigration purposes is limited. The Bank cannot guarantee that you and / or the role you are applying for will be eligible for sponsorship and that any application made to UKVI will be successful. Eligibility will therefore be considered on a case by case basis.

The Application Process

Important: Please ensure that you complete the ‘work history’ section and answer ALL the application questions fully. All candidate applications are anonymised to ensure that our hiring managers will not be able to see your personal information, including your CV, when reviewing your application details at the screening stage. It’s therefore really important that you fill out the work history and application form questions, as your answers will form a critical part of the initial selection process.

The recruitment process will include a competency-based interview and a case study. This role closes on 30th August. Please apply online, ensuring that you complete your work history and answer ALL the application questions fully and in detail as your application will not be considered if all mandatory questions are not fully completed.