Lead Associate – Banking and Insurance Department

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.

Join our supportive Insurance Authorisations Team as a Lead Associate, where you’ll oversee and contribute to meaningful regulatory decisions across the UK insurance sector. This role offers variety and purpose, with opportunities to assess applications from life, general, and Lloyd’s market firms – both solo and dual-regulated.

The team works closely with colleagues across supervision, policy, legal, and risk teams, building trusted relationships and evaluating a wide range of regulatory applications, including new firm authorisations, variations of permission, Part VII transfers, and pre-application requests. Your insights and leadership will help shape the future of insurance regulation in the UK.

It is an exciting time for the team as we continually adapt to new and varied insurance business models, the increasing use of digital channels with new and innovative customer offerings whilst simultaneously contributing to growth in the market as a smarter and more efficient regulator.

We are recruiting a talented candidate to oversee a sub-team in the assessment of a portfolio of new insurance authorisations from both domestic new entrants and overseas insurers and intermediaries seeking to establish operations in the UK.

This role offers variety, purpose and the chance to grow in a team that values diverse perspectives and shared success.
What will you be doing?

• You will offer both technical and strategic stewardship to the associates in your sub-team, co-ordinating the development of clear, risk conscious case assessment strategies for each transaction for agreement with senior management and will be responsible for managing your sub-team’s execution of these strategies on time and to the right level of assurance
• You will make use of sound project management disciplines to ensure that the transactions in your portfolio are progressed effectively, co-ordinating resource and prioritising/re-prioritising effectively where necessary. You will escalate operational challenges and risks and issues within your team’s case portfolios to management and show creativity and drive in working with management and your team to develop plans to resolve them
• You will take a key role in developing the talent and capability within your sub-team and the wider department
• You will also be responsible and take a key role in delivering the Department workplan in support of the Government’s growth strategy and driving efficiencies in regulatory decision making

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