Technical Specialist; cyber related), Operational Risk and Resilience, R&CGI Operational Risk and Resilience Team

Insurance Supervision has responsibility for the supervision of over 500 UK Insurance companies and branches of international insurers. Our mission is to be the world's leading supervisor of the insurance sector, to fulfil our primary objective of UK insurers safety and soundness and policyholder protection. The availability and provision of insurance protection is crucial to the functioning of the economy by enabling individuals, households, and businesses to know they can be secure in good times and bad.

Our Directorate comprises seven divisions that work together in pursuit of our primary objectives; and to support competitive and dynamic markets in the sectors we regulate. We work with firms to improve their risk management, maintain adequate resilience, and seek to identify and respond to new and emerging risks.

We are outward looking and regularly engage with the industry; but we are committed to leveraging the benefits of our own diverse skills and experience to support the delivery of our mission and to be an enjoyable and fulfilling place to work. We pride ourselves on being a diverse Directorate, where colleagues feel valued and respected, allowing them to thrive in their roles.

The directorate comprises four supervisory divisions:
Retail and Commercial General Insurance, Life Groups, London Market and Retail Life. The Retail and Commercial General Insurance (RCGI) Division is home to the Operational Risk and Resilience Team (ORRT) who are looking to fill a technical specialist role with particular focus on cyber risk and resilience.

The ORRT technical specialist role, cyber risk, is advertised at a time where cyber risk is rising not only on PRA/Bank priorities but also that of firm's own risk committees and boards, wider industries and UK Government. As such, the successful candidate will need to be a forward thinker, well‑versed in broader Operational Risk and Resilience topics, with strong stakeholder management and engagement skills, and the ability to influence at senior and working levels.

Whilst cyber risk and resilience will form a key part of this role, the successful applicant will also expected provide support on operational resilience, technology and third‑party risk related work across the insurance directorate.

You will provide technical and thought leadership whilst taking a practical approach to conducting thematic reviews, deep dives and risk assessments, including supporting supervisory teams through firm assessments, incident response activity and technical advice, helping ensure firms can prevent, respond to and recover from operational disruptions. Your work will form a key part in helping inform the supervisory strategy for the largest insurers in the UK.

The role holder is expected to collaborate effectively with other supervisory teams, data and actuarial functions within the insurance directorate and with the wider PRA including the Supervisory Risk Specialist Directorate (SRS) and the Prudential Policy Directorate.

You will lead on wider Operational Risk and Resilience topics impacting the insurance sector, inputting into policy development (i.e. Cyber Resilience Guidelines) and implementing forthcoming and existing policies (SS1/21 - Operational Resilience, PS7/26 - Incident and Outsourcing Reporting). Whilst this is not a line management role, you will have the ability to develop your own and others technical skills in this area and demonstrate leadership qualities in this way and through leading the delivery of significant project and/or thematic work.

You will be expected to engage and influence effectively senior management internally and at regulated firms; represent the Insurance Directorate with other regulatory authorities (e.g.…