Senior Supervisor, Insurance

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.

We have an opportunity for a motivated individual to join one of our Life Insurance supervision teams within the MI-Fixed Department in Insurance. The two Life Insurance teams supervise life insurance groups in the UK (covering small mutual insurers to FTSE 100 companies) and the regulated outsourcing firms that service this market. Your primary focus will be the supervision of one of the large, fixed life insurers or outsourcing firms, which provide and service pensions, retirement income, long-term savings and life protection products for millions of consumers. Working with a Lead Associate, you will be responsible for developing and delivering the proactive and reactive supervisory strategy for your firm, overseeing the supervisory relationship with the firm and ensuring internal FCA stakeholders are well briefed on all material matters.

You can expect to also operate across the wider life insurance portfolio, contributing to our understanding of market-wide risks and delivery of market-wide responses to issues as needed. The work is often high profile, market sensitive and sometimes in the media spotlight. As a supervisor, you will play a key role in ensuring we deliver on our supervisory priorities.

What will you be doing?

• Developing a firm supervision strategy and implementing plans and actions arising from that strategy to mitigate and manage the risks of harm to consumers
• Influencing firms to ensure their conduct and culture deliver better outcomes for their customers, including engaging with firm C-Suite Executives and Board members
• Preparing (often) sensitive or complex written documents (e.g. to a firm or internal stakeholders) and managing broader communication plans to deliver key messages internally and externally
• Escalating material risks of harm, including proposing appropriate, outcome-focused solutions to FCA management and relevant governing committees
• Maintaining accurate, up to date records of firm supervisory activity and communications on FCA systems
• Extensive internal and external stakeholder management (including with other areas of the FCA, such as other supervision areas, Pensions Policy, Legal and the PRA)

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