Senior Insurance Supervisor

Division:
Supervision, Policy & Competition (SPC) Department:
Insurance Directorate

• Salary:
  National (Edinburgh and Leeds) ranging from £53,800 to £62,000 and London from £59,200 to £65,000 (salary offered will be based on skills and experience)
• This role is graded as:
  Senior Associate - Regulatory
• Applications must be submitted through our online portal. (Applications sent via social media or email will not be accepted.)

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).

Within SPC, 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 address risks linked to principal firms and their ARs. If you’re motivated to make financial services fair, effective and credible, this is your opportunity make a real difference.

• Help shape a safer insurance market – Oversee firms to spot and address risks early, protect consumers and keep the industry stable.
• Plan ahead and act decisively – Design smart, forward-thinking strategies to address complex challenges and make the insurance sector more resilient and help to grow the insurance sector.
• Collaborate with top leaders – Work directly with senior leaders, guiding conversations that shape decisions and set the direction for the supervision of firms and the wider insurance market.
• Turn insight into action – Analyse data and intelligence to uncover potential harm, enabling timely interventions that build trust and confidence.
• Stay ahead of the curve – Keep up with industry trends and regulatory changes to anticipate risks and protect consumers before issues arise.

• Insurance sector experience – demonstrable experience of insurance business models and UK regulatory frameworks, with the ability to assess firm conduct or market risks.
• Analytical skills – demonstrated ability to analyse complex data sets and market intelligence, evidenced by delivering clear risk assessments, insights, or recommendations that inform decision-making.

• Influential communicator – Skilled at engaging stakeholders, from peers and internal teams to senior external executives and building trusted relationships.
• Clear and compelling storyteller – Able to distil complex insights into clear, actionable messages, both in writing and in person.
• Agility and forward-thinking – Ready to respond to unexpected changes, proactive learner and ready to take on new challenges in a continually evolving regulatory landscape.
• Regulatory know-how – Practical experience in conduct and prudential regulation, with the ability to apply this knowledge to real-world scenarios.

• 25 days annual leave plus bank holidays.
• Hybrid model where employees work a minimum of 40% in the office each month (expectation of 50% for senior leaders). Changing from September to a minimum of 50% in the office each month (expectation of 60% for Directors and Executive Directors).
• Non-contributory pension (8–12% depending on age) and life assurance at eight times your salary.
• Private healthcare with Bupa, income protection and 24/7 Employee Assistance.
• 35 hours of paid volunteering annually.
• A flexible benefits scheme designed around your lifestyle.

Our colleagues are the key to our success as a regulator. We are committed to fostering a diverse and inclusive culture: one that’s free from discrimination and bias, celebrates difference and supports colleagues to deliver at their best. 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.

We’re proud to be a Disability Confident Employer and therefore, people or individuals with disabilities and long-term conditions who best meet the minimum criteria for a role will go through to the next stage of the recruitment process. In cases of high application volumes we may progress applicants whose experience most closely matches the role’s key requirements.