Senior Fixed Retail Insurers Associate - London, United Kingdom - Financial Conduct Authority

Financial Conduct Authority

Verified Company

London, United Kingdom

2 weeks ago

Posted by:

Tom O´Connor

beBee Recruiter

Description

Salary:
National up to £58,500 and London up to £65,000 per annum
- _Salary offered will be based on skills and experience_

Are you interested in joining a team that will help shape and deliver the future of Insurance at the FCA?_

The Role

As a Senior Associate, you will play an important role in the development and delivery of the supervisory strategies for Retail General Insurance firms.

We are looking for people who enjoy using their analytical skills to make sound judgements and who are great at building relationships.

Your personal development is important to us.

We'll do what we can to help you develop and progress in your career and we'll make sure you have the training, support and tools you need to do that.

What you will be doing

Joining the Fixed Retail Insurers Team gives you the opportunity to be at the heart of our insurance supervision strategy, helping ensure firms and markets work well so that customers get a fair deal.

Your role will involve regular engagement with one or more of the firms we supervise.

A typical day can range from meeting with CEOs to reviewing Board Papers or helping with a range of reactive issues.

As a Senior Associate, you will have a varied and exciting role including the following responsibilities:

Managing day to day relationships with key insurers in the retail insurance market
Engaging regularly with senior managers and executives
Using experience, knowledge and professional judgement to make complex risk-based decisions
Playing an important role in setting our supervision strategies, and in implementing our plans and actions
Analysing complex information to understand the risks posed by firms and make recommendations for action
Preparing clear written documents relaying complex information in the FCA tone
Managing communication plans to deliver key messages internally and externally
Ensuring key risks and information are escalated quickly and clearly within the FCA

What will you get from the role?

Our competitive flexible benefits scheme gives you the opportunity to create a personalised benefits package, tailored to suit your lifecycle.

You can use this allowance to purchase additional benefits such as dental or cycle to work or you have the option top up your base salary by taking this as cash.

Core benefits that you will receive as standard are:

25 days holiday per year
Private healthcare with Bupa
A non-contributory Pension of at least 8% of your basic salary each month (there are several contribution levels that increase depending on your age
up to 12% a month once you reach the age of 35)
Life assurance of eight times your basic salary
Income protection
We support hybrid working which means you will be able to work from home up to 60% of the time over a month with the remainder of your time in one of our three office locations

You will be part of a diverse and experienced team, who pride themselves in their supportive and collaborative approach.

You will be given responsibility and empowerment, making important decisions and helping to make a difference to the financial well-being of consumers and the insurance market.

You will have influence over supervisory strategy and changing firms' senior management behaviour.

The skills and experience you'll have

Minimum- Previous experience building rapport and constructive relationships with key contacts, both internally and externally- Previous experience of working in financial services or a regulatory body

Essential- Proactive approach to work and being curious and able to use your own initiative and prioritise where necessary- Delivery focussed & taking pride in seeing the job through- Excellent written communication skills- Experience of delivering strategies to mitigate risks and identify failings using a range of tools/methods- Willing to learn and develop, take on new responsibilities and adopt a flexible approach to your work- Ability and willingness to adapt to change, positively embracing new approaches- A great team player, able to work together with the team to achieve positive outcomes- Experience analysing, investigating and assessing information and able to reach the right outcome- Ability to make logical and timely decisions- Experience in dealing with contentious issues, taking decisive action and delivering difficult messages- Able to work under pressure, managing a variety of competing work streams and prioritising accordingly

About the FCA

The FCA regulates the conduct of 50,000 firms in the UK to ensure our financial markets are honest, fair and competitive.

We do this to make sure markets work well for individuals, businesses and the economy as a whole. For more information on what we do, our three-year strategy can be found

here.

The FCA's Values & Diversity

Flexible working

Multilocation & hybrid working

Useful information

Applications for this role close at midnight on 23rd July

This role is graded as Senior Associate - Regulatory

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