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: Competitive salary, 25 days annual leave, and career development opportunities.
- Other info: Dynamic role with opportunities for growth in a supportive environment.
- Why this job: Make a real impact on consumer protection and the future of finance.
- Qualifications: Experience in financial services and life insurance, with strong analytical and communication skills.
The predicted salary is between 64900 - 81000 £ per year.
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
Senior Life Insurance Supervisory Lead in London employer: PSR Limited
The FCA is an exceptional employer, offering a dynamic work environment in the heart of London, Leeds, or Edinburgh, where you can make a significant impact on the financial services sector. With a strong focus on employee development, you will have access to coaching and mentoring opportunities, alongside a competitive salary and generous benefits package, including 25 days of annual leave. Join us to be part of a team that values fairness, innovation, and professional growth while shaping the future of UK finance.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Life Insurance Supervisory Lead in London
✨Tip Number 1
Network like a pro! Reach out to your connections in the life insurance sector and let them know you're on the lookout for opportunities. A friendly chat can lead to insider info about roles that might not even be advertised yet.
✨Tip Number 2
Prepare for interviews by researching the company and its culture. Understand their values and how they align with your own. This will help you answer questions more effectively and show that you're genuinely interested in the role.
✨Tip Number 3
Practice your responses to common interview questions, especially those related to stakeholder management and risk analysis. We all know that confidence is key, so the more you rehearse, the better you'll perform!
✨Tip Number 4
Don't forget to apply through our website! It's the best way to ensure your application gets seen. Plus, it shows you're serious about joining our team and ready to take on the challenge of leading in the life insurance space.
We think you need these skills to ace Senior Life Insurance Supervisory Lead in London
Some tips for your application 🫡
Tailor Your Application:Make sure to customise your application to highlight your experience in the life insurance sector. We want to see how your skills align with the role, so don’t hold back on showcasing your relevant achievements!
Be Clear and Concise:When writing your application, keep it straightforward and to the point. We appreciate clarity, especially when relaying complex information. Use bullet points if it helps make your case more compelling!
Showcase Your Stakeholder Skills:Since stakeholder management is key for this role, include examples of how you've successfully engaged with stakeholders in the past. We love to see how you’ve navigated relationships and resolved issues!
Apply Through Our Website:Remember, applications must be submitted through our online portal. We won’t accept applications via social media or email, so make sure you hit that apply button on our website!
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. This will help you answer questions confidently and show that you're genuinely interested in the position.
✨Showcase Your Leadership Skills
As a Lead Associate, you'll be expected to guide and mentor others. Prepare examples from your past experiences where you've successfully led a team or coached someone to achieve their goals. This will demonstrate your capability to take on the responsibilities of the role.
✨Engage with Stakeholders
Since stakeholder management is key in this role, think of instances where you've effectively communicated with various stakeholders. Be ready to discuss how you handled complex situations and maintained strong relationships, as this will highlight your interpersonal skills.
✨Analytical Mindset
Prepare to discuss how you've tackled complex information in the past. Bring examples of how you've analysed data to make informed decisions or recommendations. This will showcase your analytical skills and your ability to navigate the intricacies of the life insurance market.
