Lead Associate (Life Insurance)

Requirements of the role

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.

Role 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

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