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 excellent career growth opportunities.
- 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
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.
Senior Life Insurance Supervisory Lead 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, you will have access to extensive growth opportunities, a flexible benefits scheme, and a culture that values diversity and inclusion. Join us to make a meaningful impact on the financial services sector while enjoying a supportive workplace that prioritises your well-being and career aspirations.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Life Insurance Supervisory Lead
✨Tip Number 1
Network like a pro! Reach out to current or former employees at the FCA on LinkedIn. A friendly chat can give us insider info about the role and the team, plus it shows our genuine interest.
✨Tip Number 2
Prepare for the interview by diving deep into the life insurance sector. Brush up on recent trends and challenges in the industry. This will help us impress with our knowledge and show we’re ready to tackle the role head-on.
✨Tip Number 3
Practice makes perfect! Get a mate to do a mock interview with us. Focus on articulating our experience in risk management and stakeholder engagement clearly. The more we practice, the more confident we’ll feel!
✨Tip Number 4
Don’t forget to apply through the FCA’s online portal! It’s the only way to get our application seen. Plus, it shows we’re following their process, which is a good first impression.
We think you need these skills to ace Senior Life Insurance Supervisory Lead
Some tips for your application 🫡
Tailor Your Application:Make sure to customise your CV and cover letter 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. Use clear language to convey complex information, as this reflects the communication style we value at StudySmarter.
Showcase Your Stakeholder Management Skills:Since stakeholder engagement is key for this role, include examples of how you've successfully managed relationships in your previous positions. We love to see how you’ve navigated challenges and built connections!
Apply Through Our Website:Remember, applications must be submitted through our online portal. We won’t accept any 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 landscape. 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 colleagues. Highlight how you can contribute to the team's success and foster a positive working environment.
✨Master Stakeholder Engagement
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 handle conflicts or escalations, and demonstrate your ability to build strong relationships.
✨Analytical Thinking is Key
You'll need to analyse complex information and make risk-based decisions. Prepare to discuss your analytical approach and provide examples of how you've tackled challenging data in the past. This will showcase your problem-solving skills and your ability to make sound recommendations.
