Senior Firm Supervisor – Wholesale Insurance Brokers Team

Leeds, England, United Kingdom

1/2/2025

Division – Insurance

Department – Market Intervention – Fixed

Salary - National (Edinburgh and Leeds) ranging from £51,200 to £64,000 and London £56,400 to £70,000 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.

The Division/Department

The Department supervises large life insurance, retail general insurance, wholesale insurance and wholesale broker firms, and works closely with other areas in the division responsible for the supervision of smaller insurance firms of these types as well as pre-paid funeral plan providers. This role will sit in the Team which supervises Lloyd’s and large wholesale insurance brokers.

What will you be doing?

You will play an important role in the development and delivery of the supervisory strategies for wholesale insurance brokers.

Joining the Lloyd’s and Wholesale Brokers Team will give 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.

You will have a varied and exciting role including the following responsibilities:

• Managing day to day relationships with key brokers in the Wholesale Insurance Market and engaging regularly with senior managers and executives
• Using experience, knowledge, and professional judgement to make complex risk-based decisions
• Conducting financial analysis and reporting, leveraging your accountancy skills to analyse firms’ financial information
• 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 and ensuring key risks and information are escalated quickly and clearly within the FCA
• Preparing clear written documents relaying complex information in the FCA tone both internally and externally
  
  

What will you get from the role?

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.

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 of the insurance sector, gained through regulatory or industry experience
• Previous experience building constructive relationships with key contacts, both internally and externally
• Proven experience of working within a financial analysis and/or accountancy role
  
  

Essential

• Proactive approach to work and being curious and able to use your own initiative and prioritise where necessary
• Experience analysing, investigating, and assessing information and make sound judgements about action or escalation required in a timely manner, demonstrating delivery focussed outcomes
• Strong written and oral 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
• A great team player, able to work together with the team to achieve positive outcomes
• Ability to adapt to change and handle contentious issues
  
  

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 senior 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

• Advert Closing Date: 15th January
• Competency Based Interviews: W/C 27th January
  
  

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 Lucy Matthews at Lucy.matthews@fca.org.uk

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