At a Glance
- Tasks: Lead a team in developing strategies for life insurance supervision and coaching associates.
- Company: Join the FCA, a key regulator in UK financial services.
- Benefits: Enjoy 25 days leave, hybrid work, and private healthcare.
- Other info: Diverse and inclusive culture with excellent career growth opportunities.
- Why this job: Make a real impact on consumer protection and financial market fairness.
- Qualifications: Experience in financial services and life insurance, with strong analytical skills.
The predicted salary is between 59100 - 73000 € per year.
Division: Supervision, Policy & Competition
Department: Insurance
Salary: National (Edinburgh and Leeds) ranging from £59,100 to £73,700 and London from £64,900 to £81,000 (salary offered will be based on skills and experience)
This role is graded as: Lead Associate - Regulatory
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 was 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 play an important role in the development and delivery of the supervisory strategies for our regulated Life Insurance and Outsourcer firms, leading on the most significant workstreams as well as overseeing and coaching our supervisors.
Role responsibilities:
- Assisting the team manager in leading the team, and covering in their absence
- Overseeing and supporting our Senior Associates to design and deliver the supervisory strategies for firms, ensuring that the team’s written documents are clear and accurate, relaying complex information in the FCA tone
- Leading key stakeholder engagement, and acting as a point of escalation when required when dealing with either internal or external stakeholders
- Guiding and assisting our management of day-to-day relationships with key insurers in the life insurance market, engaging regularly with senior managers and executives
- Analysing complex information to understand the risks posed by firms, make recommendations for action and ensure that the team’s recommendations are clear and robust
- Ensuring the team’s approach to reactive casework is appropriate and in line with standards and SLAs
- Coaching and developing the team to achieve high standards in delivering their work and progress towards their career aspirations
- Playing a leading role within Supervision, Policy & Competition Division (SPC) in contributing to the successful delivery of divisional priorities and portfolio strategies
Skills required:
- Minimum: 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: Excellent stakeholder management skills
- Strong analytical skills, including an ability to understand complex and varied information and to quickly identify key data/issues
- Strong communication skills, both written and verbal, including the ability to convey complex issues in a coherent, logical and compelling way
- An 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 where employees work a minimum of 40% in the office each month (expectation of 50% for senior leaders). Changing from September to a minimum of 50% in the office each month (expectation of 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
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: Tuesday 2nd June at 23:59pm
CV Review/Shortlist: Thursday 4th June
First Interview: w/c 8th June
Second Interview: w/c 15th June
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.
Lead Life Insurance Associate in London employer: Financial Conduct Authority
The FCA is an exceptional employer, offering a dynamic work environment in the heart of Edinburgh or Leeds, where you can make a meaningful impact on the financial services sector. With a strong commitment to employee development, a diverse and inclusive culture, and generous benefits including a non-contributory pension and private healthcare, we empower our team members to thrive both personally and professionally. Join us to be part of a forward-thinking organisation that values your contributions and supports your career aspirations.
Contact Detail:
Financial Conduct Authority Recruiting Team
StudySmarter Expert Advice🤫
We think this is how you could land Lead Life Insurance Associate in London
✨Tip Number 1
Network like a pro! Reach out to current employees at the FCA on LinkedIn or through mutual connections. A friendly chat can give you insider info and might just get your application noticed.
✨Tip Number 2
Prepare for those interviews! Research the FCA's recent projects and challenges in the life insurance sector. Being able to discuss these topics shows you're genuinely interested and ready to contribute.
✨Tip Number 3
Practice your communication skills. Since this role involves stakeholder management, being able to convey complex information clearly is key. Try explaining industry concepts to a friend to sharpen your skills.
✨Tip Number 4
Don’t forget to apply through our website! It’s the only way to ensure your application gets seen. Plus, it shows you’re following the process and paying attention to details.
We think you need these skills to ace Lead Life Insurance Associate in London
Some tips for your application 🫡
Tailor Your Application:Make sure to customise your application to highlight your experience in the life insurance sector and regulatory environments. 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, clarity is key! Use straightforward language and structure your thoughts logically. Remember, we’re looking for someone who can convey complex information simply, so show us you can do that right from the start.
Showcase Your Stakeholder Skills:Since stakeholder management is crucial for this role, make sure to include examples of how you've successfully engaged with various stakeholders in your previous roles. We love seeing real-life scenarios where you’ve made an impact!
Apply Through Our Website:Don’t forget to submit your application through our online portal! Applications sent via email or social media won’t be accepted, so make sure you follow the process. We can’t wait to see what you bring to the table!
How to prepare for a job interview at Financial Conduct Authority
✨Know Your Stuff
Make sure you brush up on your knowledge of the life insurance sector and the regulatory environment. Understand the key players, current trends, and challenges in the market. This will help you demonstrate your expertise and show that you're genuinely interested in the role.
✨Showcase Your Leadership Skills
As a Lead Associate, you'll be expected to guide and mentor others. Prepare examples of how you've successfully led teams or projects in the past. Highlight your coaching experience and how you've helped others achieve their goals.
✨Master Stakeholder Management
Since this role involves engaging with various stakeholders, think about your past experiences in managing relationships. Be ready to discuss how you've navigated complex situations and maintained strong communication with both internal and external parties.
✨Practice Clear Communication
You'll need to convey complex information clearly and effectively. Practice explaining intricate concepts in simple terms. This will not only help you during the interview but also reflect your ability to communicate well in the role.
