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For Companies At a Glance
- Tasks: Lead on terrorism reinsurance and develop policies on catastrophic risks.
- Company: Join HM Treasury, shaping the future of UK insurance markets.
- Benefits: Enjoy 25 days annual leave, flexible working, and a generous pension scheme.
- Why this job: Make a real impact in financial services while working with top professionals.
- Qualifications: Strong communication skills and ability to manage complex information required.
- Other info: Flexible working patterns and active staff networks enhance your experience.
The predicted salary is between 36000 - 60000 £ per year.
Do you have the right set of skills for this role, can demonstrate the values of our organisation, and are you motivated to come and work with us on a range of issues that are important for our financial services sector? If so, we'd love to hear from you!
About the Team
The Market Growth and Systemic Risks branch of the Insurance and Pensions Markets team leads HM Treasury’s work on domestic insurance markets. This includes policies relating to the growth of UK insurance markets, the Treasury's position on catastrophic insurance risks (such as terrorism and cyber insurance), and on novel insurance issues. The team engages regularly with the financial regulators, the Prudential Regulation Authority and Financial Conduct Authority, and with the insurance sector.
About the Job
In this role, you will:
- Terrorism reinsurance – lead on our team’s relationship with Pool Re, an Arm’s Length Body of HMT and the UK’s Government backed terrorism reinsurer. Act as the main day to day point of contact for Pool Re, including building a strong relationship with their Executive team and holding them to account for their performance under existing agreements. Evaluate the impact of wider cross-government reforms and their impact on Pool Re and the UK’s domestic terrorism market (e.g. Martyn’s Law).
- New and emerging areas of catastrophic risk – develop HMT’s understanding and policy views on new and emerging areas of catastrophic risk, including other government reinsurance schemes and interventions to strengthen and grow these markets. Engage across Whitehall to communicate HMT’s policy views and progress a joined-up government approach.
- Sanctions and war risk – lead for the team and engage across Whitehall and with industry, on how sanctions affect insurance markets, or how insurance markets can support reconstruction efforts after conflict.
- Briefing and correspondence – produce high quality briefing for senior officials and ministers, and lead on relevant correspondence. Depending on workload, contribute to wider team efforts to brief and respond to correspondence on issues beyond those in main policy responsibilities.
About You
The successful candidate will have the ability to work independently and as part of a team and manage a busy workload to meet deadlines and targets. You will be able to evaluate and use a range of different and sometimes competing evidence sources and apply considered judgement to develop accurate policy decisions and advice. You’ll have the ability to clearly communicate complex issues in person and in writing, and credibly hold the Treasury’s primary relationship with key organisations.
Some of the Benefits our people love!
- 25 days annual leave (rising to 30 after 5 years), plus 8 public holidays and the King’s birthday (unless you have a legacy arrangement as an existing Civil Servant). Additionally, we operate flexitime systems, allowing employees to take up to an additional 2 days off each month.
- Flexible working patterns (part-time, job-share, condensed hours).
- Generous parental and adoption leave packages.
- Access to a generous Defined Benefit pension scheme with employer contributions of 28.97%.
- Access to a cycle-to-work salary sacrifice scheme and season ticket advances.
- A range of active staff networks, based around interests (e.g. analysts, music society, sports and social club) and diversity.
For more information about the role and how to apply, please follow the apply link. If you need any reasonable adjustments to take part in the selection process, please tell us about this in your online application form, or speak to the recruitment team at hrrecruitment@hmtreasury.gov.uk.
Policy Adviser - Catastrophic Insurance Risks employer: HM TREASURY-1
Contact Detail:
HM TREASURY-1 Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Policy Adviser - Catastrophic Insurance Risks
✨Tip Number 1
Familiarise yourself with the current issues surrounding catastrophic insurance risks, especially terrorism and cyber insurance. Understanding recent developments and government policies will help you engage in informed discussions during interviews.
✨Tip Number 2
Network with professionals in the insurance and financial services sectors. Attend relevant events or webinars to connect with individuals who can provide insights into the role and the team dynamics at HM Treasury.
✨Tip Number 3
Prepare to discuss your experience in managing relationships with key stakeholders. Highlight any previous roles where you successfully navigated complex interactions, as this is crucial for the position's responsibilities.
✨Tip Number 4
Stay updated on the latest trends in sanctions and their impact on insurance markets. Being able to articulate how these factors influence policy decisions will demonstrate your proactive approach and understanding of the role.
We think you need these skills to ace Policy Adviser - Catastrophic Insurance Risks
Some tips for your application 🫡
Understand the Role: Thoroughly read the job description for the Policy Adviser position. Make sure you understand the key responsibilities and required skills, particularly around catastrophic insurance risks and relationships with organisations like Pool Re.
Tailor Your CV: Customise your CV to highlight relevant experience and skills that align with the job requirements. Emphasise your ability to communicate complex issues clearly and your experience in policy development or financial services.
Craft a Compelling Cover Letter: Write a cover letter that showcases your motivation for the role and how your values align with those of the organisation. Mention specific examples from your past experiences that demonstrate your capability to handle the responsibilities outlined in the job description.
Proofread Your Application: Before submitting your application, carefully proofread all documents for spelling and grammatical errors. A polished application reflects your attention to detail and professionalism, which are crucial for this role.
How to prepare for a job interview at HM TREASURY-1
✨Understand the Role and Responsibilities
Make sure you have a clear understanding of the key responsibilities of a Policy Adviser in catastrophic insurance risks. Familiarise yourself with the specific areas mentioned in the job description, such as terrorism reinsurance and emerging catastrophic risks, so you can discuss them confidently.
✨Research the Organisation
Take the time to learn about the organisation's values, mission, and recent initiatives. This will not only help you align your answers with their goals but also demonstrate your genuine interest in working with them.
✨Prepare for Scenario-Based Questions
Expect questions that assess your ability to handle complex situations, especially those related to policy development and stakeholder engagement. Think of examples from your past experiences where you successfully navigated similar challenges.
✨Practice Clear Communication
Since the role requires you to communicate complex issues clearly, practice articulating your thoughts on relevant topics. You might want to summarise key points on catastrophic risks or sanctions in a concise manner to showcase your communication skills during the interview.
