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- Tasks: Identify and mitigate risks in insurance firms to protect consumers and ensure market integrity.
- Company: Join the Financial Conduct Authority, a key player in UK financial regulation.
- Benefits: Competitive salary, flexible working, and opportunities for professional growth.
- Why this job: Make a real impact on the future of UK finance while developing your career.
- Qualifications: Experience in financial services and strong stakeholder management skills.
- Other info: Dynamic team environment with a focus on innovation and positive change.
The predicted salary is between 43000 - 57000 £ per year.
**Division:** Supervision, Policy and Competition
**Department:** Market Interventions - Flexible
**Salary:** National (Edinburgh and Leeds) ranging from £43,100 to £53,100 and London from £47,300 to £57,300 (salary offered will be based on skills and experience)
**This role is graded as:** Associate Level 8 - Regulatory
**Your recruitment contact is** Cameron Nunn via Cameron.Nunn@fca.org.uk. Applications must be submitted through our online portal. Applications sent via social media or email will not be accepted.
**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. Sitting in the Insurance Directorate, the Market Interventions (Flexible) department supervises a diverse mix of retail and wholesale insurance firms, across five teams: three Portfolio Delivery Teams and two Reactive Supervision Teams. This role is within the Retail Portfolio Delivery team - which has recently been at the heart of key pieces of high-profile work including ensuring firms are valuing written off cars fairly, addressing issues in claims handling and leading our work on financial inclusion.
**Role responsibilities:**
- Identify and mitigate conduct and prudential risks in insurance firms and markets, helping to protect consumers and maintain confidence in the financial system
- Review information provided by firms and other external sources to extract and present key insights, enabling informed decisions that drive effective regulatory outcomes
- Apply your experience, knowledge and judgement to make risk-based decisions, ensuring proportionate and timely interventions that safeguard market integrity
- Engage directly with senior executives at firms to address issues and intervene where necessary, facilitating positive change and improving industry standards
- Progress casework and project plans to meet milestones and service level agreements, ensuring delivery that supports organisational priorities and regulatory objectives.
- Leading on scoping and delivering cross-cutting multi-firm projects, identifying emerging risks to shape the future portfolio strategies and using data effectively to identify outlier firms and subsequently developing effective remediation strategies to reduce potential harm
**Skills required:**
- **Minimum:** Prior experience in the financial services sector, developing strategies and resolving issues
- Prior experience in working effectively with business models and managing conduct risks within the financial industry
- **Essential:** Experience of managing relationships with external and internal stakeholders
- Experience of summarising information - drawing out key points and presenting them clearly in writing
- Being willing to learn and develop, taking on new responsibilities and adopting
Insurance Supervision Associate employer: PSR Limited
Contact Detail:
PSR Limited Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Insurance Supervision Associate
✨Tip Number 1
Network like a pro! Reach out to people in the industry, attend events, and connect on LinkedIn. You never know who might have the inside scoop on job openings or can put in a good word for you.
✨Tip Number 2
Prepare for interviews by researching the company and its culture. Understand their values and how they align with yours. This will help you answer questions confidently and show that you're genuinely interested in the role.
✨Tip Number 3
Practice your interview skills with a friend or mentor. Get comfortable with common questions and refine your answers. The more you practice, the more natural you'll feel when it’s time to shine!
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen. Plus, we love seeing candidates who take the initiative to engage directly with us.
We think you need these skills to ace Insurance Supervision Associate
Some tips for your application 🫡
Tailor Your Application: Make sure to customise your CV and cover letter for the Insurance Supervision Associate role. Highlight your relevant experience in financial services and how it aligns with the responsibilities mentioned in the job description.
Showcase Your Skills: Don’t just list your skills; demonstrate them! Use specific examples from your past experiences that showcase your ability to manage relationships, summarise information, and make risk-based decisions.
Be Clear and Concise: When writing your application, keep it clear and to the point. Avoid jargon and ensure your key points stand out. We want to see your insights without wading through unnecessary fluff!
Apply Through Our Website: Remember, applications must be submitted through our online portal. Don’t send them via email or social media, as we won’t be able to consider them. Head over to our website and get your application in!
How to prepare for a job interview at PSR Limited
✨Know Your Stuff
Make sure you brush up on your knowledge of the financial services sector, especially around insurance. Understand the key regulations and recent developments in the industry. This will help you answer questions confidently and show that you're genuinely interested in the role.
✨Showcase Your Experience
Prepare specific examples from your past work where you've successfully managed conduct risks or developed strategies. Use the STAR method (Situation, Task, Action, Result) to structure your answers. This will help you demonstrate your skills effectively.
✨Engage with the Interviewers
Don’t just wait for questions; engage with your interviewers. Ask insightful questions about their current projects or challenges they face in the insurance sector. This shows your enthusiasm and helps you gauge if the company is the right fit for you.
✨Be Ready for Scenario Questions
Expect scenario-based questions where you'll need to apply your judgement to hypothetical situations. Think about how you would identify and mitigate risks in various scenarios. Practising these types of questions can help you feel more prepared and confident.
