Are you looking for a fast-paced role dealing with high-profile issues? Are you motivated to work 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:
1. Emerging issues– lead our response to acute or ongoing challenges in insurance markets. This includes developing our response, often at pace, and presenting options to ministers. Recent work has included the insurance market impacts of sanctions on Russia.
2. Financial inclusion– Work across the team to help develop our approach to financial inclusion in insurance. This includes working closely with Financial Services Group colleagues leading on the Financial Inclusion Committee and the wider financial inclusion agenda, responding to the significant Parliamentary and Ministerial focus on this agenda.
3. Life and protection insurance policy– Develop knowledge and understanding of challenging life insurance policy issues (e.g. social care insurance and income protection insurance), and act as the policy lead for these areas.
4. Mutuals– lead on mutual insurance, working with colleagues across Financial Services, on how to take forward policy to ‘double the size of the mutuals sector’. Lead on a live Law Commission review of the Friendly Societies legislation, build the team’s knowledge and expertise on this market, and consider wider mutuals issues through an insurance lens, including working with the Department for Business and Trade, and the regulators.
5. Engagement– The role will involve significant engagement with other government departments, regulators and insurance sector representatives. It will involve building strong working relationships, as well as requiring the post-holder to, at times, deliver difficult messages.
6. Briefing and correspondence– Produce high quality briefings for senior officials and ministers and lead on relevant areas of IPM’s correspondence workload.
About You
The successful candidate will have the ability to use a range of credible evidence to develop accurate policy decisions and advice. You will be able to clearly communicate policy issues and considerations in person and in writing, and credibly lead our relationships with a broad range of partners. You’ll work autonomously to deliver high-quality work across short-and long-term objectives in the face of a dynamic and changing work environment. Lastly, you will understand the wider context of your work, remaining alert to emerging issues and trends and aligning with wider departmental priorities.
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.
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