Lead Supervisor – Insurance
Division: Insurance Supervision
Department: Insurance - Market Interventions (Flexible)
Salary - National (Edinburgh and Leeds) ranging from £59,100 to £73,700 and London £64,900 to £81,000 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 Role
We are looking for a Lead Supervisor to join one of our supervision teams in the Flexible Insurance Department. You will be involved in setting and delivering the supervisory strategy for a range of insurers and insurance intermediary firms supervised on a flexible basis.
As a Lead Supervisor you will play an important role in keeping abreast of this constantly evolving sector and the emerging risks for insurers, brokers and consumers. Our work is varied, including proactive firm engagements, multi-firm projects as well as using market intelligence to identify and mitigate regulatory concerns with individual firms.
While your proactive engagement and project work will be predominantly focused on firms operating in the London Wholesale Insurance Market, you can expect to have a varied workload which will also involve the supervision of firms across the wider insurance and funeral plan sectors.
You will be leading the supervision of firms in our sector and delivering on projects that cut across firms and address key market issues. You will also be overseeing the work of junior members of the team, providing them with relevant guidance and supporting their development.
What will you be doing?
1. Identifying and mitigating conduct and prudential risks in insurance firms and markets; escalating as and when appropriate
2. Developing strategies to progress cases and projects with changing priorities and taking the lead on project work across portfolios
3. Devising the content and leading meetings with firms' senior executives; overseeing firm actions and mitigation programmes
4. Reviewing information provided by firms and other external sources to draw out and present key information
5. Using your experience, knowledge and judgement to make risk-based decisions
6. Providing support to the leadership team in the department including your direct line manager
7. Staying aware of sector issues, risks and news, taking action to use these insights to reduce harm in cases
8. Delegating tasks to more junior members of the team, supporting them and managing the completion of their work
What will you get from the role?
9. Step into a role where no two days are the same—you’ll tackle varied and rewarding challenges while engaging directly with senior leaders across a diverse range of firms
10. Be part of a team that has real impact. You will be supporting and working collaboratively on high-profile projects that shape how insurance firms operate, all within a supportive and inclusive environment that values your contributions
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
11. Prior experience of analysing information and making judgements to decide the best way to deal with risks in firms and markets
12. Experience of working with the business models, firms, and risks in the insurance market
13. Experience of ensuring case work and projects are progressed efficiently and at pace
Essential
14. Direct line management experience or experience of supporting and mentoring more junior members of a team, assigning work and managing its completion
15. Experience of managing relationships with external and internal stakeholders
16. Experience of summarising and analysing information - drawing out key points and presenting them clearly in writing
17. Experience of leading meetings with external stakeholders
18. Being willing to learn and develop, taking on new responsibilities and adopting a flexible pragmatic approach to your work
19. 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.
Benefits of working at the FCA
20. 25 days holiday per year plus bank holidays
21. Hybrid working (work from home up to 60% of your time)
22. Private healthcare with Bupa
23. A non-contributory Pension of at least 8%
24. Life assurance
25. 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
26. This role is graded as: Lead Associate - Regulatory
27. Advert Closing Date: 23:59 - 6 July 2025
28. CV Review & Shortlist: w/c 7 July 2025
29. Competency Based Interview: w/c 14 July 2025
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:
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Applications must be submitted through our online portal. Applications sent via email will not be accepted.