Reactive Supervision Associate - Insurance

Division - Insurance

Department – Reactive Insurance

Salary - National (Edinburgh and Leeds) ranging from £41,800 to £48,000 and London £46,000 to £52,000 per annum (Salary offered will be based on skills and experience)

About the FCA

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 looking for someone to join the Department working in one of the two Insurance Reactive teams. Reactive teams are responsible for supervising 6500 firms.

You'll play an integral role in supervising a variety of firms in the Retail, Wholesale and Life Insurance Sectors. In addition, you will contribute to projects across the wider Department and Division that cut across firms and address key market issues.

What will you be doing? 

• Identify and mitigate conduct and prudential risks in insurance firms and markets; escalating as and when appropriate

• Devising the content with firms' senior executives; overseeing firm actions and mitigation programmes

• Review information provided by firms and other external sources to draw out and present key information

• Use experience, knowledge and judgement to make risk-based decisions under supervision

• Drive less complex cases and work plans forward to meet milestones and SLAs

• Responsible for ensuring that INTACT (the FCA’s case handling system) is kept updated and provides a clear record of case and firm work plan history and progression

What will you get from the role?

Your work will be both varied and challenging with an opportunity to interact with a very wide range of insurance firms. You will work as part of a supportive and collaborative team on high profile pieces of work that influence the behaviours of firms.

Which skills are required?

We are a Disability Confident Employer; therefore, disabled people or individuals with long-term conditions who best meet the minimum criteria for a role will go through to the next stage of the recruitment process. (To learn more about the Disability Confident Scheme Click Here)

Minimum

• Previous experience in the financial services sector, handling large data sets, developing strategies and resolving issues

• Proven track record of working with business models, firms, and managing conduct risks within the financial industry

Essential

• Experience of managing relationships with external and internal stakeholders

• Experience of summarising information received from firms - drawing out key points and presenting them clearly in writing

• Experience of engaging with firms and other external stakeholders

• You will be proactive and be able to work on your own initiative

• Being willing to learn and develop, taking on new responsibilities and adopting a flexible pragmatic approach to your work

• A great team player integrating quickly into the Department

• Practical experience of prudential and conduct regulation

Our Values & Diversity

We are proud to be an inclusive employer and our ambition is to cultivate a culture for all employees that respects their individual strengths, views, and experiences. We believe that our differences and similarities enable us to be a better organisation – one that makes better decisions, drives innovation, and delivers better regulation.

Within the workplace you will have access to various employee resource groups which aim to promote and achieve a healthy work / life balance and support our diversity ambitions.

Did you know? 50% of our Executive Committee were the first in their family to attend university.

The FCA is committed to achieving greater diversity across all levels of the organisation. Given this, we particularly welcome applications from women, minority ethnic, disabled, and neurodivergent candidates for our associate role.

Benefits of working at the FCA

• 25 days holiday per year plus bank holidays 

• Hybrid working (work from home up to 60% of your time)

• Private healthcare with Bupa 

• A non-contributory Pension of at least 8%

• Life assurance

• Income protection

We also have a competitive flexible benefits scheme which gives you the opportunity to create a personalised benefits package, tailored to suit your lifestyle.

We welcome applications from candidates who are looking for flexible arrangements.  Many of our staff work flexibly including working part-time, staggered hours, and job shares.  We can’t promise to give you exactly what you want but we can explore what might work best for both sides.

Follow this link to see what life is like at the FCA - Life at the FCA

Application Support

We are dedicated to removing barriers and ensuring our application process is accessible to everyone. We offer a range of adjustments to make your application experience as comfortable and straightforward as possible.

If you have an accessibility need, disability, or condition requiring changes to the recruitment process, please contact your recruiter using the details below and they will be happy to discuss this further with you.

Useful Information and Timeline

• This role is graded as: Associate – Level 8 - Regulatory

• Advert Closing Date:  4th March

• Competency Based Interview: 14th & 17th March

Your Recruiter will discuss the process in detail with you during screening for the role, therefore, please make them aware if you are going to be unavailable for any date during this time. 

Got a question?

If you are interested in learning more about the role, please contact: 

• For external applicants, please contact Aaron Ward at [email protected]

• For internal applicants, please contact Lucy Matthews at [email protected]

Applications must be submitted through our online portal. Applications sent via email will not be accepted.