Lead Insurance Projects Associate

Responsibilities

• Play a leading role in the scoping and planning of multi-firm project work to address market and sector issues on an effective basis
• Collaborate effectively with FCA colleagues across the organisation to deliver our work
• Lead firm interactions and visits required as part of multi-firm projects, and managing the co-ordination and delivery of these activities
• Lead the analysis of the information received from firms to identify issues and support further work, engagement and interventions
• Keep appropriate records of firm and stakeholder interactions and form and document clear and concise conclusions from interactions and the information received
• Providing appropriate internal and external reporting and feedback (both verbal and written) to FCA management, firms and other stakeholders following multi-firm work
• Help to devise and implement appropriate internal and external mitigation strategies and actions for multi-firm projects, using the range of regulatory tools available
• Manage stakeholder relationships and deliver communications in relation to project work
• Skills required:
• Minimum:
• Demonstrable understanding of the UK insurance sector and regulatory framework, gained through relevant work either in an industry, regulatory or consultancy setting
• Experience leading assignments or project work, including working effectively with others, analysing information from a range of sources, making decisions based on that analysis, and delivering high-quality outputs
• Experience of building and managing relationships with internal and external stakeholders at all levels of seniority
• Essential:
• An effective collaborator who has the capacity to lead pieces of project work, integrate quickly into the department and work effectively with colleagues at all levels
• Adept at summarising information received from a variety of sources, drawing out key points and communicating them clearly orally and/or in writing, including in relation to technical matters
• A capable and practical thinker with a pragmatic and risk-based approach to decision making, including the ability to make practical decisions and prioritize appropriately
• A demonstrated ability to work on your own initiative and with minimal supervision to meet deadlines, and be able to motivate both yourself and others
• Skilled in clear communication, including presentations, to help others reconsider their views while maintaining positive relationships inside the FCA and with external partners
• A solid understanding of the business models and conduct harms in the general insurance sector
• Highly developed self-awareness - willing to give and receive feedback, learn and develop, able to take on new responsibilities and adopting a flexible pragmatic approach to your work

Benefits

Additional Information

Job title: Lead Insurance Projects Associate Division: Supervision, Policy & Competition Department: Market Analysis & Policy Salary: National (Edinburgh and Leeds) ranging from £60,700 to £80,000 and London from £66,600 to £85,000 (salary offered will be based on skills and experience) This role is graded as: Lead Associate - Regulatory Your Internal recruitment contact is Tali Stone via tali.stone@fca.org.uk . Your external recruitment contact is Tahir Khan via tahir.khan1@fca.org.uk . 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 division is responsible for the supervision of over 5,000 insurers and intermediaries who manufacture and distribute insurance products and services in the UK. The Insurance Projects team sits in the Market Analysis and Policy ('MAP') department. The primary role of the Projects team is to scope and perform pieces of multi-firm project work considering key conduct risks and issues manifesting in the insurance sector. Our work helps to build our understanding of the insurance sector, identifying conduct which may pose a risk to our statutory objectives or cause harm to customers. We also support and contribute effectively to multi-disciplinary FCA work focussed on the sector and work collaboratively with the other Insurance MAP and Market Intervention teams to proactively assess and mitigate key conduct risks presented by firms operating in the UK insurance market.

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