Senior Associate

Salary - National ranging from £51,200 to £69,000 and London £56,400 to £75,000 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. We have an opportunity for a motivated individual to join one of our Life Insurance supervision teams within the MI-Fixed Department in Insurance. The two Life Insurance teams supervise life insurance groups in the UK (covering small mutual insurers to FTSE 100 companies) and the regulated outsourcing firms that service this market.

Your primary focus will be the supervision of one of the large, fixed life insurers or outsourcing firms, which provide and service pensions, retirement income, long-term savings and life protection products for millions of consumers. Working with a Lead Associate, you will be responsible for developing and delivering the proactive and reactive supervisory strategy for your firm, overseeing the supervisory relationship with the firm and ensuring internal FCA stakeholders are well briefed on all material matters. You can expect to also operate across the wider life insurance portfolio, contributing to our understanding of market-wide risks and delivery of market-wide responses to issues as needed. The work is often high profile, market sensitive and sometimes in the media spotlight. As a supervisor, you will play a key role in ensuring we deliver on our supervisory priorities.

What will you be doing?

• Developing a firm supervision strategy and implementing plans and actions arising from that strategy to mitigate and manage the risks of harm to consumers.
• Influencing firms to ensure their conduct and culture deliver better outcomes for their customers, including engaging with firm C-Suite Executives and Board members.
• Preparing sensitive or complex written documents and managing broader communication plans to deliver key messages internally and externally.
• Escalating material risks of harm, including proposing appropriate, outcome-focused solutions to FCA management and relevant governing committees.
• Maintaining accurate, up to date records of firm supervisory activity and communications on FCA systems.
• Extensive internal and external stakeholder management.

What will you get from the role?

You will have a broad view over the life insurance sector and firm strategy, a mix of work at any point in time and be directly dealing with one or more significant and prominent life insurance firms and a wide range of senior colleagues both within the FCA and externally. It provides a unique opportunity to contribute to and influence the FCA's approach to the supervision of the life insurance sector at an exciting time in its development. You will obtain a broad insight into the workings of the sector and be at the forefront of changes in the UK life insurance industry, including those related to Consumer Duty, service outcomes, operational resilience and legislative change.

Which skills are required?

• Minimum Financial services experience gained in a financial services firm, risk management, consultancy, financial advice or regulatory capacity.
• Experience of the life insurance, pensions, asset management or general insurance sectors (UK or international).
• Essential:
• Analytical capabilities and independent thinking.
• Strong communication skills (both written and oral).
• Stakeholder management.
• Influence.
• Commercial awareness.
• Teamwork and collaboration.
• Organisational skills and the ability to manage priorities.

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.

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% of basic salary each month.
• Life assurance of eight times your basic salary.
• Income protection.
• A competitive flexible benefits scheme.

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.

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.

Useful Information and Timeline

This role is graded as Senior Associate, Regulatory. Advert Closing Date: 25th September 2025. CV Review/Shortlist: 29th September 2025. First Round Case Study Assessment: 1st October 2025 onwards. Competency Based Interview: w/c 6th October 2025.

If you are interested in learning more about the role, please contact: Applications must be submitted through our online portal. Applications sent via email will not be accepted.