Supervisors - Insurance

  • Competitive
  • London, England, United Kingdom
  • Permanent, Full time
  • Bank of England
  • 28 Nov 17 2017-11-28

Protecting the nation’s insurance policyholders is a vital job – and you can help us do it. Through the Prudential Regulation Authority (PRA), we promote the safety and soundness of over 500 insurers, helping to identify and mitigate potential risks before they can have an adverse effect on the public and financial markets. Join us, in this dynamic, fast-paced role, and you will have the opportunity to contribute to this vital work at the cutting edge of market developments.

 

The challenge

You’ll lead on prudential risk assessment and mitigation, as part of a directorate that focuses on a wide range of domestic and international insurance firms. This will see you analysing anything from business models and capital data to operations and governance. You’ll also build the senior-level relationships you’ll need to make recommendations and influence change based on your findings.

Your work will be high profile and complex, and will involve you making sometimes difficult judgements, but the changes you bring about will be hugely positive. As there are currently a number of vacancies available, you will also have the option to specialise, whether it’s in life insurers, general insurers, composites or London Markets wholesale insurers including Lloyd’s of London and all of the firms that write business through Lloyd’s.

 

The requirements

The right skills are more important than the right background. This includes having strong analytical and problem-solving skills, combined with the ability to process, interpret and question large amounts of complex data, and to communicate your findings effectively in person and in writing. The ability to manage competing priorities is important, as is professional work experience, as you’ll need the credibility to influence and operate at a senior level. Financial experience is not essential – our team includes people from diverse backgrounds such as science, government, civil service and the military – but you must be willing to learn across a broad range of disciplines.

 

The opportunity

If you want to see the impact of the Bank of England’s work, just look around you. As the central bank of the United Kingdom, we ensure monetary and financial stability for the UK’s economy. This means that the decisions we make shape life for everyone in the UK, so it makes sense that our talented team reflects every sector of society. Working in this diverse environment, you’ll get the training, support and opportunities you need to build a lasting career within the PRA or the wider Bank.

We offer a unique reward package that will give you a base salary of up to £54,000 (depending on skills and experience) and a defined benefit pension as well as comprehensive flexible benefits. Highlights of the package include private medical insurance, a discretionary performance award and 25 days’ annual leave with the option to buy up to 13 additional days.

The Bank is absolutely committed to having a diverse and inclusive environment. We are keen to receive applications from all candidates who may be interested in working flexibly, including working part time. 

For a closer look at the role, our work and our exceptional benefits package, click APPLY

Closing date: 15th December 2017.