Manager – 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.

We are recruiting for a Manager for our Wholesale Insurance Portfolio Delivery team; this role involves setting and delivering the supervisory strategy, as set out in our portfolio letters, for all wholesale insurance firms.

The role is high profile with a primary focus on the Lloyd’s and London Market (also known as the London wholesale market) but it may also involve delivery of work across Retail Insurance, Life and Funeral Plan portfolios.

The London wholesale market is renowned as the world’s insurance marketplace, specialising in large, complex and hard-to-place risks. Over the years Lloyd’s has evolved from insuring the first motor car and the first satellite to the present day with  cover for cyber risks, cryptoassets and space exploration.

You will play an important role in keeping abreast of the changing market, the emerging risks for insurers, brokers and consumers and helping to shape, and deliver, our supervisory strategy for this complex portfolio.  You will be responsible for the ongoing development and management of the high performing team delivering the supervisory strategies for this significant sector as well as building an important internal and external network.

What you will be doing

• Connecting and working closely with other departments to shape the strategy for supervising wholesale firms and driving the delivery of supervising firms against that strategy
• Identifying and dealing with firms that present the most risk in the portfolio
• Leading, supporting, line-managing and developing a team to ensure that excellent standards of performance are delivered
• Building and maintaining good working relationships with internal and external stakeholders in areas such as policy, enforcement, competition, PRA and trade bodies
• Establishing and maintaining a network of external working relationships with senior stakeholders in key firms, gathering relevant input on crystalising and emerging risks across the portfolio
• Being part of the management team within Insurance Directorate, contributing to its development and helping the division meet its goals

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