Senior Supervisors, Insurance Supervision Directorate

at  Bank of England

We are looking for several Senior Supervisors to join the life insurance supervision divisions of the directorate. Previous supervisory or financial industry experience is not a pre-requisite, as the precise responsibilities will be tailored to the competencies, skills, and aspirations of the successful candidates. We are looking for candidates with strong problem-solving, analytical, and interpersonal skills, coming from a diverse range of backgrounds including: financial services industry, consulting and business advisory, as well as from non-financial backgrounds.
For candidates with previous supervisory or financial risk management background, this could be a way to broaden their experience, deepen technical ability and develop soft skills.
For those new to supervision and financial services, this role will afford them an opportunity to acquire a broad range of transferrable technical competencies and skills. In addition to on-the-job training, our comprehensive internal and external training program is there to support professional growth and development.

As a supervisor, you will get opportunity to:

• Be engaged in supervision work that is intellectually stimulating.
• Gain transferrable technical competencies and skills in prudential risk management.
• Develop and enhance your relationship management and influencing skills by working with diverse internal and external partners.
• Work closely with specialists across the PRA and the Bank.
• Gain a unique insight into the financial services industry, financial markets, and the UK regulatory system.

ROLE REQUIREMENTS:

Minimum Criteria

• Strong analytical skills – ability to analyse large amounts of complex information, identify and present key issues, and propose solutions.
• Ability to produce clear, concise, and structured written communication tailored for different audiences.
• Strong communication skills to effectively build and maintain relationships with co-workers, external partners, and confidently express ideas when necessary.

Essential Criteria

• Demonstrable motivation to learn about the financial services and acquire the technical competencies required for the role.
• Flexibility and resilience to work in an environment where priorities may change at short notice, along with the ability to plan and deliver effective outcome-focused actions.
• A collaborative individual who is adaptable, practical, and supportive in assisting others to accomplish goals.
• Excellent organizational skills to proactively prioritize and handle workload.
• Strong communication skills, both internally and externally.
• Challenge and engage constructively by bringing a diverse set of views and perspectives.

Desirable Criteria

• Understanding of the financial services industry and markets and key regulatory challenges/priorities.
• Confirmed applied competencies in some of the key subject areas including: strategic business and financial analysis, financial risk and capital management, corporate finance and financial structuring, and prudential regulation.

This role offers a salary of circa £52,730.00 - £60,840.00 In addition, we also offer a comprehensive benefits package as detailed below:

• A non-contributory, career average pension giving you a guaranteed retirement benefit of 1/95th of your annual salary for every year worked. There is the option to increase your pension (to 1/50th) or decrease (to 1/120th) in exchange for salary through our flexible benefits programme each year.
• A discretionary performance award based on a current award pool.
• A 8% benefits allowance with the option to take as salary or purchase a wide range of flexible benefits.
• 26 days’ annual leave with option to buy up to 12 additional days through flexible benefits.
• Private medical insurance and income protection