At a Glance
- Tasks: Manage relationships with insurers and analyse risks to ensure fair practices.
- Company: Join the FCA, a leading regulator ensuring fairness in UK financial markets.
- Benefits: Enjoy hybrid working, 25 days holiday, private healthcare, and a strong pension scheme.
- Other info: We promote diversity and offer flexible working arrangements to suit your lifestyle.
- Why this job: Make a real impact on consumer financial well-being while developing your career in a supportive team.
- Qualifications: Experience in financial services, strong analytical skills, and a proactive approach are essential.
The predicted salary is between 52400 - 58500 £ per year.
We are looking for someone to join the Fixed Retail Insurers Supervision Team in the Market Interventions Insurance Division at the Financial Conduct Authority (FCA). You will play an important role in the development and delivery of the supervisory strategies for Retail General and Health Insurance firms. Joining the Fixed Retail Insurers Team gives you the opportunity to be at the heart of our insurance supervision strategy, helping ensure firms and markets work well so that customers get a fair deal. Your role will involve regular engagement with one or more of the firms we supervise. A typical day can range from meeting with CEOs to reviewing Board Papers or helping with a range of reactive issues.
We are looking for people who enjoy using their analytical skills to make sound judgements and who are great at building relationships. Your personal development is important to us. We’ll do what we can to help you develop and progress in your career and we’ll make sure you have the training, support and tools you need to do that.
What will you be doing?
- Managing day to day relationships with key insurers in the retail insurance market
- Using experience, knowledge and professional judgement to make complex risk-based decisions
- Playing an important role in setting our supervision strategies, and in implementing our plans and actions
- Analysing complex information to understand the risks posed by firms and make recommendations for action
- Preparing clear written documents relaying complex information in the FCA tone
- Ensuring key risks and information are escalated quickly and clearly within the FCA
What will you get from the role?
- You will be part of a diverse and experienced team, who pride themselves in their supportive and collaborative approach
- You will be given responsibility and empowerment, making important decisions and helping to make a difference to the financial well-being of consumers and the insurance market
- You will have influence over supervisory strategy and changing firms' senior management behaviour
Which skills are required?
- Prior and concise drafting experience with strong attention to detail
- Prior experience building rapport and constructive relationships with key contacts, both internally and externally
- Proactive approach to work and being curious and able to use your own initiative and prioritise where necessary
- Delivery focussed & taking pride in seeing the job through
- Experience of delivering strategies to mitigate risks and identify failings using a range of tools/methods
- Willing to learn and develop, take on new responsibilities and adopt a flexible approach to your work
- A great team player, able to work together with the team to achieve positive outcomes
- Ability to make logical and timely decisions
- Previous experience of working in financial services or a regulatory body
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.
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
- 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: 1st June 2025. CV Review/Shortlist: 3rd June 2025. First Round Case Study Assessment: w/c 9th June 2025. Competency Based Interview: w/c 16th June 2025.
Your Recruiter will discuss the process in detail with you during screening for the role.
Senior Associate - Fixed Insurers Supervisor in London employer: Financial Conduct Authority
The Financial Conduct Authority (FCA) is an exceptional employer, offering a dynamic work environment in Edinburgh and Leeds where you can make a significant impact on the financial well-being of consumers. With a strong commitment to employee development, hybrid working options, and a diverse, inclusive culture, the FCA empowers its staff to thrive while ensuring that the insurance market operates fairly and effectively. Enjoy competitive benefits, including generous holiday allowances and a tailored flexible benefits scheme, all while being part of a supportive team dedicated to excellence in regulation.
Contact Details:
Financial Conduct Authority Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land Senior Associate - Fixed Insurers Supervisor in London
✨Tip Number 1
Familiarise yourself with the FCA's regulatory framework and recent developments in the insurance sector. This knowledge will not only help you understand the role better but also demonstrate your commitment and interest during interviews.
✨Tip Number 2
Network with professionals in the insurance and regulatory fields. Attend industry events or join relevant online forums to connect with current FCA employees or others in similar roles, which can provide valuable insights and potentially lead to referrals.
✨Tip Number 3
Prepare for case study assessments by practising analytical skills and decision-making scenarios. Familiarise yourself with common risk-based decision-making frameworks used in financial services to showcase your ability to handle complex situations.
✨Tip Number 4
Highlight your experience in building relationships and managing stakeholders in your discussions. The role requires strong interpersonal skills, so be ready to share examples of how you've successfully navigated complex interactions in previous positions.
We think you need these skills to ace Senior Associate - Fixed Insurers Supervisor in London
Some tips for your application 🫡
Tailor Your CV:Make sure your CV highlights relevant experience in financial services or regulatory bodies. Emphasise your analytical skills and any prior experience in drafting documents, as these are crucial for the role.
Craft a Strong Cover Letter:In your cover letter, demonstrate your understanding of the FCA's mission and how your skills align with their values. Mention specific examples of how you've built relationships and made complex decisions in previous roles.
Showcase Your Skills:Clearly outline your proactive approach and ability to prioritise tasks. Use bullet points to list your key skills, such as risk mitigation strategies and teamwork, making it easy for the hiring team to see your qualifications at a glance.
Proofread Your Application:Before submitting, thoroughly proofread your application for any spelling or grammatical errors. Ensure that your writing is clear and concise, reflecting the professional tone expected by the FCA.
How to prepare for a job interview at Financial Conduct Authority
✨Understand the FCA's Role
Before your interview, make sure you have a solid understanding of the Financial Conduct Authority's mission and how it regulates the insurance market. Familiarise yourself with recent developments in the industry and be prepared to discuss how these might impact the role you're applying for.
✨Showcase Your Analytical Skills
Given the emphasis on using analytical skills to make sound judgements, prepare examples from your past experience where you've successfully analysed complex information and made decisions based on that analysis. Be ready to explain your thought process clearly.
✨Demonstrate Relationship-Building Abilities
The role requires managing relationships with key insurers, so think of specific instances where you've built rapport with stakeholders. Highlight your communication skills and how you've navigated challenging conversations or situations in the past.
✨Prepare for Scenario-Based Questions
Expect scenario-based questions that assess your decision-making and risk management abilities. Practice articulating how you would approach various situations related to supervision strategies and risk mitigation, ensuring you align your answers with the FCA's values.
