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 a non-contributory pension.
- Other info: Diverse and inclusive culture with flexible working options.
- Why this job: Make a real impact on consumer protection and financial market integrity.
- Qualifications: Experience in financial services and life insurance, with strong analytical and communication skills.
The predicted salary is between 64900 - 81000 £ 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
Your Internal recruitment contact is: Rumana Hussain via rumana.hussain@fca.org.uk.
Your external recruitment contact is: Tahir Khan via tahir.khan1@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. 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 employer: PSR Limited
The FCA is an exceptional employer, offering a dynamic work environment in the heart of London, Leeds, and Edinburgh. 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 to thrive while making a meaningful impact on the financial services sector. Join us to be part of a forward-thinking organisation that values your contributions and supports your career aspirations.
StudySmarter Expert Advice🤫
We think this is how you could land Lead Life Insurance Associate
✨Tip Number 1
Get to know the company! Research the FCA and its values. When you understand what they stand for, you can tailor your conversations to show how you fit into their culture and mission.
✨Tip Number 2
Network like a pro! Connect with current employees on LinkedIn or attend industry events. Building relationships can give you insider info and might even lead to a referral!
✨Tip Number 3
Prepare for interviews by practising common questions related to life insurance and regulatory roles. Use the STAR method to structure your answers and highlight your relevant experience.
✨Tip Number 4
Don’t forget to apply through our website! It’s the only way to ensure your application is considered. Plus, it shows you’re serious about the role and following the process.
We think you need these skills to ace Lead Life Insurance Associate
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Lead Life Insurance Associate role. Highlight your experience in financial services and life insurance, and don’t forget to showcase your stakeholder management skills!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you’re the perfect fit for the role. Be sure to mention your coaching experience and how you can contribute to the team’s success.
Be Clear and Concise:When filling out the application, keep your language clear and concise. Remember, we want to see your ability to convey complex information in a straightforward way, just like you would in the role!
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 to get your foot in the door.
How to prepare for a job interview at PSR Limited
✨Know Your Stuff
Make sure you brush up on your knowledge of the life insurance sector and the regulatory environment. Familiarise yourself with the FCA's role and recent developments in the industry, as this will show your genuine interest and understanding during the interview.
✨Showcase Your Stakeholder Skills
Prepare examples that highlight your experience in managing relationships with stakeholders. Think about times when you've successfully navigated complex situations or communicated difficult information clearly. This is crucial for the Lead Life Insurance Associate role.
✨Demonstrate Analytical Prowess
Be ready to discuss how you've analysed complex data in previous roles. Prepare a couple of scenarios where your analytical skills led to significant decisions or recommendations. This will help illustrate your ability to handle the responsibilities of the position.
✨Emphasise Coaching Experience
Since the role involves coaching and mentoring, think of specific instances where you've guided others. Share how you helped team members grow and achieve their goals, as this will resonate well with the interviewers looking for leadership qualities.
