Lead Supervisor – Insurance Supervision

Requirements of the role

The FCA regulates the conduct of 45,000 firms in the UK to ensure our financial markets are honest, fair and competitive. Follow this link to find out more About the FCA.

The Role

We are looking for a Lead Supervisor to join one of our supervision teams in the Flexible Insurance Department. You will be involved in setting and delivering the supervisory strategy for a range of insurers and insurance intermediary firms supervised on a flexible basis.

As a Lead Supervisor you will play an important role in keeping abreast of this constantly evolving sector and the emerging risks for insurers, brokers and consumers. Our work is varied, including proactive firm engagements, multi-firm projects as well as using market intelligence to identify and mitigate regulatory concerns with individual firms.

While your proactive engagement and project work will be predominantly focused on firms operating in the London Wholesale Insurance Market, you can expect to have a varied workload which will also involve the supervision of firms across the wider insurance and funeral plan sectors.

You will be leading the supervision of firms in our sector and delivering on projects that cut across firms and address key market issues. You will also be overseeing the work of junior members of the team, providing them with relevant guidance and supporting their development.

What will you be doing?

Identifying and mitigating conduct and prudential risks in insurance firms and markets; escalating as and when appropriate

Developing strategies to progress cases and projects with changing priorities and taking the lead on project work across portfolios

Devising the content and leading meetings with firms’ senior executives; overseeing firm actions and mitigation programmes

Reviewing information provided by firms and other external sources to draw out and present key information

Using your experience, knowledge and judgement to make risk-based decisions

Providing support to the leadership team in the department including your direct line manager

Staying aware of sector issues, risks and news, taking action to use these insights to reduce harm in cases

Delegating tasks to more junior members of the team, supporting them and managing the completion of their work

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