Description Senior Supervisor, Insurance Supervision Directorate London or Leeds Job Description We are looking for a part-time (3 days) Senior Supervisor to join the general insurance supervision division of the directorate to primarily supervise a retail, personal lines firm. The role will also involve exposure to a wider group of firms supervised by the Team on an ad hoc basis. Previous supervisory or financial industry experience is not a pre-requisite. We are looking for candidates with strong problem-solving, analytical, and interpersonal skills, coming from a diverse range of backgrounds including: financial services industry, consulting and business advisory, as well as from non-financial backgrounds. For candidates with previous supervisory or financial risk management background, this could be a way to broaden their experience, deepen technical ability and develop soft skills. For those new to supervision and financial services, this role will afford them an opportunity to acquire a broad range of transferrable technical competencies and skills. In addition to on-the-job training, our comprehensive internal and external training program is there to support professional growth and development. As a supervisor, you will get opportunity to: Be engaged in supervision work that is intellectually stimulating. Gain transferrable technical competencies and skills in prudential risk management. Develop and enhance your relationship management and influencing skills by working with diverse internal and external partners. Work closely with specialists across the PRA and the Bank. Gain a unique insight into the financial services industry, financial markets, and the UK regulatory system. Role Requirements: Minimum Criteria Strong analytical skills – ability to analyse large amounts of complex information, identify and present key issues, and propose solutions. Ability to produce clear, concise, and structured written communication tailored for different audiences. Strong communication skills to effectively build and maintain relationships with co-workers, external partners, and confidently express ideas when necessary. Essential Criteria Demonstrable motivation to learn about financial services and acquire the technical competencies required for the role. Flexibility and resilience to work in an environment where priorities may change at short notice, along with the ability to plan and deliver effective outcome-focused actions. A collaborative individual who is adaptable, practical, and supportive in assisting others to accomplish goals. Excellent organizational skills to proactively prioritize and handle workload. Strong communication skills, both internally and externally. Challenge and engage constructively by bringing a diverse set of views and perspectives. Desirable Criteria Understanding of the insurance industry or wider financial services industry and markets and key regulatory challenges/priorities. Confirmed applied competencies in some of the key subject areas including: strategic business and financial analysis, financial risk and capital management, corporate finance and financial structuring, and prudential regulation. Our Approach to Inclusion The Bank values diversity, equity and inclusion. We play a key role in maintaining monetary and financial stability, and to do that effectively, we believe we need a workforce that reflects the society we serve. At the Bank of England, we want all colleagues to feel valued and respected, so we're working hard to build an inclusive culture which supports people from all backgrounds and communities to be at their best at work. We celebrate all forms of diversity, including (but not limited to) age, disability, ethnicity, gender, gender identity, race, religion, sexual orientation and socioeconomic status. We believe that it’s by drawing on different perspectives and experiences that we’ll continue to make the best decisions for the public. We welcome applications from individuals who work flexibly, including job shares and part time working patterns. We've also partnered with external organisations to support us in making adjustments for candidates and employees in the recruitment process where they're needed. For most roles where work can be carried out at home, we aim for colleagues to spend half of their time in the office, with a minimum of 40% per month. Subject to that minimum requirement, individuals and managers should work together to find what works best for them, their team and stakeholders. Finally, we're proud to be a member of the Disability Confident Scheme. If you wish to apply under this scheme, you should check the box in the ‘Candidate Personal Information’ under the ‘Disability Confident Scheme’ section of the application. Salary and Benefits Information We encourage flexible working and job share arrangements. Part time salary and benefits will be on a pro-rated basis as appropriate. This role offers a salary of, Leeds ranging from £47,430 - £54,720 and London ranging from £52,730 - £60,840. In addition, we also offer a comprehensive benefits package as detailed below: A non-contributory, career average pension giving you a guaranteed retirement benefit of 1/95th of your annual salary for every year worked. There is the option to increase your pension (to 1/50th) or decrease (to 1/120th) in exchange for salary through our flexible benefits programme each year. A discretionary performance award based on a current award pool. A 8% benefits allowance with the option to take as salary or purchase a wide range of flexible benefits. 26 days’ annual leave with option to buy up to 12 additional days through flexible benefits. Private medical insurance and income protection. National Security Vetting Process Employment in this role will be subject to the National Security Vetting clearance process (and typically can take between 6 to 12 weeks post offer) and the passing of additional Bank security checks in accordance with the Bank policy. Further information regarding the vetting and security clearance requirements for the role will be provided to the successful applicant, and information about how the Bank processes personal data for these purposes, is set out in the Bank's Privacy Notice. The Application Process Important: Please ensure that you complete the ‘work history’ section and answer ALL the application questions fully. All candidate applications are anonymised to ensure that our hiring managers will not be able to see your personal information, including your CV, when reviewing your application details at the screening stage. It’s therefore really important that you fill out the work history and application form questions, as your answers will form a critical part of the initial selection process. The assessment process will comprise of two stages. Please apply online, ensuring that you complete your work history and answer ALL the application questions fully and in detail as your application will not be considered if all mandatory questions are not fully completed. We anonymise applications so hiring managers will not be able to see your personal information when reviewing your submission, including your CV. This role closes on 7 November 2024 LI-MM1