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Regulatory Insights – Insurance Conduct


  London,   £60000-£70000

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  Compliance & Financial Crime    Permanent

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Job Description

  • Line of Service

Assurance

Industry/Sector

Not Applicable

Specialism

Risk

Management Level

Manager

Job Description & Summary

We are currently looking for a Manager to join our Financial Services Regulatory Insights (FSRI) team. This new role is to support our insurance conduct team, in addition to other financial services asset and wealth management and insurance clients as appropriate, in navigating regulatory change, with a focus on conduct regulation.

While we don’t expect a candidate to have deep technical knowledge across all forms of insurance firms, we are looking for someone who can demonstrate a depth of understanding across at least two of the following areas of regulation: general insurance; Lloyds; unit-linked investments/pensions, wealth management/investment distribution. Candidates will also need to also be flexible to tackle new areas of retail conduct regulation as they arise

The role will provide you with the chance to develop, gain new skills and experiences and to work with a range of clients predominantly across the banking, credit and insurance and investment firms sector. It offers a unique mix of client work, market profile activities, regulatory engagement and proposition incubation and would be suitable for individuals from a range of backgrounds and experiences.

About us

 

Joining FSRI

FSRI acts as the ‘engine room’ of the firm’s FS risk and regulatory practice, supporting client teams in areas of risk and regulatory expertise, often acting as deep subject matter specialists.

We track new developments that will affect our clients, and engage with a wide range of stakeholders including regulators in the UK, EU and supranationally. We focus on emerging trends in risk and regulation, seeking to develop early points of view and thought leadership. We take a forward-looking view to new risk and regulatory issues, develop a deep understanding of the potential implications and use these insights to engage with clients and our client teams.

Through these activities we develop the relationships, knowledge and skills to help clients with the important challenges they face. We work with a broad range of teams to support our clients, bringing a deep understanding of clients’ business and operational models, as well as the wider issues affecting their businesses and the industry.

Our team includes experts who cover asset and wealth management, banking and capital markets and insurance. The team includes risk, regulatory, legal and compliance professionals from a wide range of backgrounds including people from industry, auditors, lawyers, economists, industry bodies and policy makers and regulators.

Who we are looking for

With the current pace of innovation, the impact of COVID and Brexit, climate change and the wider ESG agenda, we are entering a period of significant regulatory change. We are looking for ambitious, enthusiastic and agile individuals, who are looking to enhance their regulatory knowledge to be at the forefront of this change. Ensuring the team is diverse in all ways is incredibly important and we welcome applicants from a range of backgrounds and experiences.

The FSRI team has a key role to play in ensuring that the firm is known in the market as the best in class risk and regulatory practice, in interacting with players in the UK, EU and global financial services industry and in supporting the services we offer to our clients.

Requirements

Responsibilities

    • Supporting clients and client delivery teams in understanding the impact of consumer and conduct regulatory developments and supervisory expectations for our clients, including occasionally including. Occasionally acting as subject matter expert on engagements
    • Undertaking horizon scanning activities and identifying potential new opportunities for the firm
    • Contributing to the work of FSRI focusing on new regulatory developments, wider themes and regulators’ policymaking, supervisory and enforcement activities
    • Producing written analysis and information including thought leadership, client publications and blogs.
    • Conducting research, training, speaking at client events, responding to consultation papers from relevant regulatory bodies etc.
    • Providing input to the debate on development and application of policy, participating in developing Thought Leadership
    • Engaging with regulators and policy makers on areas of expertise, and supporting the activity of FSRI’s wider regulatory relations team.

 

Skills required

The ideal candidate would be self-starting, motivated and collaborative. The ability to communicate clearly and build relationships with clients, internal stakeholders and policy makers is required. The ability to understand and communicate clearly the impact of conduct regulation and the FCA’s approach to conduct supervision is a key skill. The candidate should be able to identify how risk and regulatory challenges will impact clients, as well as show an awareness of the wider issues affecting financial services firms in this sector.

 

The following skills are required for this role:

Essential skills:

    • Excellent interpersonal, delivery and communication skills including using social media and other technology
    • Ability to prioritise tasks and meet deadlines
    • Ability to make new contacts, build strong relationships with clients and regulators, listen to and understand client needs
    • An understanding of conduct regulation and the FCA’s supervisory approach and the ability to develop this into an area of significant expertise. Knowledge of the asset and wealth management, and/or insurance sectors, including the business and operational models of clients in this sector
    • Knowledge of UK’s regulatory and supervisory structure, the regulatory development process for financial services and some awareness of the current EU regulatory agenda
    • Desire and ability to interpret the implications of regulatory changes and identify new opportunities to assist clients, taking into account wider issues such as changes in business models, demographics and technology.

 

We aim to be an equal opportunity recruiter and we are determined to ensure that no applicant receives less favourable treatment on the grounds of gender, age, disability, religion, belief, sexual orientation, marital status, or race, or is disadvantaged by conditions or requirements.

Jasemin.Newton

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