Salary: National £51,200 up to £58,500 and London £56,400 up to £65,000 per annum– Salary offered will be based on skills and experience.
Are you interested in joining a team that will help shape and deliver the future of Insurance at the FCA?
The Role
We are looking for someone to join the Fixed Retail Insurers Supervision Team in the Market Interventions Insurance Division at the Financial Conduct Authority (FCA). We welcome applications from a variety of backgrounds as we continue to build a diverse and inclusive workforce.
You will play an important role in the development and delivery of the supervisory strategies for Retail General and Health Insurance firms.
We are looking for people who enjoy using their analytical skills to make sound judgements and who are great at building relationships. Your personal development is important to us. We’ll do what we can to help you develop and progress in your career and we’ll make sure you have the training, support and tools you need to do that.
What you will be doing
Joining the Fixed Retail Insurers Team gives you the opportunity to be at the heart of our insurance supervision strategy, helping ensure firms and markets work well so that customers get a fair deal. Your role will involve regular engagement with one or more of the firms we supervise. A typical day can range from meeting with CEOs to reviewing Board Papers or helping with a range of reactive issues.
You will have a varied and exciting role including the following responsibilities:
* Managing day to day relationships with key insurers and senior managers in the retail insurance market.
* Using experience, knowledge and professional judgement to make complex risk-based decisions.
* Playing an important role in setting our supervision strategies, and in implementing our plans and actions.
* Preparing clear written documents relaying complex information in the FCA tone.
* Managing communication plans to deliver key messages internally and externally.
* Ensuring key risks and information are escalated quickly and clearly within the FCA.
What will you get from the role?
You will be part of a diverse and experienced team, who pride themselves in their supportive and collaborative approach. You will be given responsibility and empowerment, making important decisions and helping to make a difference to the financial well-being of consumers and the insurance market. You will have influence over supervisory strategy and changing firms' senior management behaviour.
Our competitive flexible benefits scheme gives you the opportunity to create a personalised benefits package, tailored to suit your lifecycle. You can use this allowance to purchase additional benefits such as dental or cycle to work or you have the option to top up your base salary by taking this as cash. Core benefits that you will receive as standard are:
* 25 days holiday per year.
* Private healthcare with Bupa.
* A non-contributory Pension of at least 8% of your basic salary each month (there are several contribution levels that increase depending on your age – up to 12% a month once you reach the age of 35).
* Life assurance of eight times your basic salary.
* Income protection.
We support hybrid working which means you will be able to work from home up to 60% of the time over a month with the remainder of your time in one of our three office locations.
The skills and experience you’ll have
We're a signatory to the Government's Disability Confident scheme. This means that we will offer an interview to any disabled candidates entering under the scheme, should they meet the minimum criteria for a role.
Minimum
* Previous experience building constructive relationships with key contacts, both internally and externally.
* Previous experience of working in financial services or for a regulatory body.
* Experience in managing large workloads and prioritising effectively under pressure.
Essential
* Proactive approach to work.
* Delivery focused & taking pride in seeing the job through.
* Excellent written communication skills.
* Ability and willingness to adapt to change, positively embracing new approaches.
* Experience analysing, investigating and assessing information and able to reach the right outcome.
* Experience in dealing with contentious issues, taking decisive action and delivering difficult messages.
About the FCA
The FCA regulates the conduct of 45,000 firms in the UK to ensure our financial markets are honest, fair and competitive. We do this to make sure markets work well for individuals, businesses and the economy as a whole.
The FCA's Values & Diversity
Our ambition is to cultivate a culture of inclusion for all employees that respects their individual strengths, views, and experiences. 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.
The FCA is committed to achieving greater diversity across all levels of the organisations. Given this, we particularly welcome applications from women, disabled and minority ethnic candidates for our role.
Flexible working
We welcome applications from candidates who are looking for flexible arrangements. Many of our staff work flexibly including working part-time, staggered hours, and job shares. We can’t promise to give you exactly what you want but we won’t judge you for asking.
Multilocation
As part of the FCA’s ongoing commitment to develop our national presence, most of our vacancies are now open to working in our Edinburgh, Leeds, or London offices. This means that as part of the application process you will be able to select your preference of which office location you would like to work from.
Useful information
Applications for this role close at midnight on 1st December 2024.
This role is graded as Senior Associate – Regulatory.
What to expect from our interview process
The process will involve the below stages:
* Candidates will be asked to come into the FCA offices in London to present and interview.
Your Recruiter will discuss the process in detail with you during screening for the role.
Recruitment Timetable
Advert closing Date: 1st December.
Interviews: 13th & 16th December - please note you will need to attend this interview in-person at our Stratford office.
Please make the recruiter aware if you are going to be unavailable for any date during this time.
Got a question?
If you are an external candidate and you are interested in learning more about the role, please contact Chhavi Bartaria on chhavi.bartaria@fca.org.uk.
If you are an internal candidate and you are interested in learning more about the role, please contact Lucy Matthews on lucy.matthews@fca.org.uk.
Please note that all applications must be submitted through our online portal before the closing date, applications sent via email will not be accepted.
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