At a Glance
- Tasks: Lead a team in developing strategies for life insurance supervision and coach fellow associates.
- Company: Join the FCA, a key player in regulating UK financial services.
- Benefits: Enjoy 25 days leave, hybrid work, and comprehensive health benefits.
- Other info: Diverse and inclusive culture with excellent career growth opportunities.
- Why this job: Make a real impact on consumer protection and the future of finance.
- Qualifications: Experience in financial services and life insurance, with strong coaching skills.
The predicted salary is between 40000 - 50000 £ per year.
About The FCA And Team
The Financial Conduct Authority regulates 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. Supervision, Policy & Competition (SPC) oversees firms and individuals, creates and reviews the rules by which they operate, and identifies and remedies ineffective competition. The Insurance Directorate oversees a wide range of regulated insurance firms, from small intermediaries to global insurers, and includes the Appointed Representatives Department, set up in 2022 to tackle risks linked to principal firms and their ARs. The successful candidate will be the Lead Associate in Life Team 1, one of the two life insurance supervision teams in the Insurance Division. As a Lead Associate, you will help develop and deliver supervisory strategies for regulated Life Insurance and Outsourcer firms, lead the most significant workstreams, and oversee and coach our supervisors.
Role Responsibilities
- Assist the team manager in leading the team and cover for them in their absence.
- Oversee and support Senior Associates in designing and delivering supervisory strategies, ensuring written documents are clear and accurate and relaying complex information in the FCA tone.
- Lead key stakeholder engagement and act as a point of escalation when required with internal or external stakeholders.
- Guide and assist the management of day‑to‑day relationships with key insurers, engaging regularly with senior managers and executives.
- Analyse complex information to understand the risks posed by firms, make recommendations for action and ensure the team’s recommendations are clear and robust.
- Ensure the team’s approach to reactive casework is appropriate and in line with standards and SLAs.
- Coach and develop the team to achieve high standards in delivering their work and progress towards their career aspirations.
- Play a leading role within SPC in contributing to the successful delivery of divisional priorities and portfolio strategies.
Minimum Qualifications
- Financial services experience gained in a risk management, regulatory, or commercial environment.
- Demonstrated experience of working within the Life Insurance sector.
- Proven experience of coaching and mentoring other members of the team.
Essential Skills
- Excellent stakeholder management skills.
- Strong analytical skills, including the ability to understand complex information and quickly identify key data/issues.
- Strong communication skills, both written and verbal, including the ability to convey complex issues coherently, logically and compellingly.
- Understanding of retail financial services markets, including business models, products and risks.
- Knowledge of the life insurance industry in the UK.
- Using experience, knowledge and professional judgement to make complex risk‑based decisions.
Benefits
- 25 days annual leave plus bank holidays.
- Hybrid model – employees work a minimum of 40% in the office each month; senior leaders 50%. From September, minimum 50% office attendance (60% for Directors and Executive Directors).
- 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.
Our Values & Culture
We are committed to fostering a diverse and inclusive culture free from discrimination and bias, celebrating difference and supporting colleagues to deliver at their best. We embrace diversity and inclusivity to make better decisions, drive innovation and deliver better regulation.
Disability Confident: Our Hiring Approach
We’re proud to be a Disability Confident Employer. Candidates with disabilities or long‑term conditions who meet the minimum criteria will progress to the next stage of the recruitment process. In high‑volume situations, we may progress applicants whose experience most closely matches the role’s key requirements.
Lead Life Insurance Regulatory Supervisor in Leeds employer: Financial Conduct Authority
The Financial Conduct Authority (FCA) is an exceptional employer, offering a dynamic work environment where you can make a significant impact on the UK financial services landscape. With a strong commitment to employee development, a diverse and inclusive culture, and generous benefits including a non-contributory pension and private healthcare, the FCA provides a supportive atmosphere for career growth. Located in the heart of London, employees enjoy a hybrid working model that promotes work-life balance while engaging with key stakeholders in the financial sector.
Contact Details:
Financial Conduct Authority Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land Lead Life Insurance Regulatory Supervisor in Leeds
✨Tip Number 1
Network like a pro! Reach out to people in the industry, especially those who work at the FCA or similar firms. A friendly chat can open doors and give you insights that might just help you stand out.
✨Tip Number 2
Prepare for interviews by practising common questions related to life insurance regulation. We recommend using the STAR method to structure your answers – it helps you showcase your experience clearly and effectively.
✨Tip Number 3
Showcase your analytical skills! Be ready to discuss how you've tackled complex issues in the past. Use specific examples from your experience in risk management or regulatory roles to demonstrate your expertise.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who are genuinely interested in joining our team.
We think you need these skills to ace Lead Life Insurance Regulatory Supervisor in Leeds
Some tips for your application 🫡
Tailor Your Application:Make sure to customise your CV and cover letter to highlight your experience in the life insurance sector. We want to see how your skills align with the role, so don’t hold back on showcasing your relevant achievements!
Be Clear and Concise:When writing your application, keep it straightforward and to the point. Use clear language that reflects the FCA tone, and ensure your documents are free from jargon. We appreciate clarity, especially when conveying complex information.
Showcase Your Stakeholder Skills:Since stakeholder management is key for this role, make sure to include examples of how you've successfully engaged with stakeholders in the past. We love to see how you’ve built relationships and navigated challenges!
Apply Through Our Website:Don’t forget to submit your application through our website! It’s the best way for us to receive your details and ensures you’re considered for the role. Plus, it’s super easy to do!
How to prepare for a job interview at Financial Conduct Authority
✨Know Your Regulatory Stuff
Make sure you brush up on the latest regulations in the life insurance sector. Understanding the FCA's role and how it impacts firms will show that you're not just familiar with the industry, but also passionate about it.
✨Showcase Your Stakeholder Skills
Prepare examples of how you've effectively managed relationships with stakeholders in the past. Highlight your communication skills and how you've navigated complex situations to achieve positive outcomes.
✨Demonstrate Analytical Prowess
Be ready to discuss how you've analysed complex information in previous roles. Think of specific instances where your analytical skills led to actionable recommendations or decisions that benefited your team or organisation.
✨Emphasise Coaching Experience
Since the role involves coaching and mentoring, come prepared with examples of how you've developed others in your team. Share success stories that illustrate your ability to guide colleagues towards achieving their career goals.
