Senior Associate - Insurance Groups and Conglomerates (Prudential Policy Directorate)
Bank of England
London, GB
2h ago

Job description

As a senior associate you will play a key role in crafting the UK’s approach to the regulation of insurance groups and branches.

It is an opportunity to gain experience in policy development and complex stakeholder management. Typical work could include policy papers for consideration by senior committees and publications explaining our policy to industry.

You will support and influence how the PRA supervises insurance groups and branches, conducting training for supervisors and providing advice on queries.

These could cover issues such as the scope of group supervision or assessments of the availability of capital within a group.

You will also help identify new areas where policy work is needed (horizon scanning). We may also ask you to deputise for the team's senior manager where needed.

When developing policy positions, you will need to collaborate closely with colleagues from across Insurance Supervision, Authorisations, Prudential Policy, International Directorate and the Legal Directorate.

This will involve building consensus and helping ensure that the policy approach for insurers is consistent with other sectors.

You will have to be sensitive to the interests of other authorities, including HM Treasury and the Financial Conduct Authority and handle these relationships effectively.

Minimum Criteria

  • Some experience of group-specific issues (e.g. regulatory, legal, accounting or financial).
  • Sufficient numerical skills such that you are comfortable with applying policy to real financial situations.
  • Good knowledge of the insurance sector through previous work in industry, consultancies or supervision.
  • Essential Criteria

  • Ability to quickly develop in depth knowledge of disparate topics.
  • Ability to distil complex issues / topics into simple, clear messages for various audiences.
  • Ability to effectively balance multiple demands.
  • Ability to build strong relationships and coordinate across multiple interests.
  • Self-motivated, taking personal responsibility for outcomes.
  • Desirable Criteria

  • An understanding of the way in which policy is developed, including the legal and cost-benefit analysis.
  • An analytical mind-set and a risk-based approach to decision making, including the ability to reach sound and timely judgments & decisions which can be justified in a concise and effective manner.
  • Previous experience contributing to training.
  • Knowledge of Supervision, and understanding of financial institutions’ cross-border business models.
  • Excellent communication skills both oral and written.
  • Qualifications

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