Lead Life Insurance Associate

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

Additional Information

Job title: Lead Life Insurance Associate 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 Your Internal recruitment contact is Rumana Hussain via rumana.hussain@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 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.

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