We’re looking for a Policy Adviser, Prudential Regulation, to lead the policy analysis, and support influencing of, the international and investment aspects of the prudential regulation activity of the Association of British Insurers (ABI).
On international prudential regulation, some of your key priorities will be around the activity of the International Association of Insurance Supervisors and the Financial Stability Board. This includes issues such as the international capital framework; systemic and macroprudential risk in insurance; and recovery and resolution. On investments, your primary concern will be the role of insurers as institutional investors.
We will be able to support you to get up to speed with some of the technicalities of the issues you’ll be working on. What’s most important is your analytical and technical capability and the speed at which you can pick up complex issues and make them accessible for others.
Your role:
The core part of your role will be to formulate and communicate persuasive policy positions, supported by robust evidence, that promote the interests of insurers in relation to prudential regulation issues.
Day to day you will:
- Undertake analysis of, and support ABI influencing of, the International Association of Insurance Supervisors (IAIS) and related international bodies such as the Financial Stability Board (FSB) in order to the drive the ABI’s international supervision and prudential regulation agenda;
- Monitor IAIS and industry developments related to the global Insurance Capital Standard and ComFrame framework;
- Proactively develop ABI policy in these areas and others - including the recovery and resolution of insurers;
- Proactively develop ABI policy on macroprudential and systemic risk in insurance;
- Develop influential relationships with the IAIS and international representative bodies such as the Global Federation of Insurance Associations (GFIA) and Insurance Europe;
- Liaise closely with the ABI International and European Affairs team, with relevant ABI members and other stakeholders;
- Help develop the ABI’s policy work on the policy implications for insurers as institutional investors;
- Proactively monitor related activity of bodies such as the International Monetary Fund, the International Organisation of Securities Commissions (IOSCO) and the European Systematic Risk Board (ESRB), including for emerging issues of interest;
- The role is based at the ABI, located in the City of London. However, some travel both within the UK and Europe, as well as occasionally further afield, will be required.
Where can this role take you?
Wherever possible, we support our staff to develop their careers internally. The next natural step for you in this role would be a Senior Policy Adviser, but this is flexible and depends on your own ambitions.
With a supportive environment and the fantastic exposure you get to lots of people in the industry and the knowledge you’ll build on a range of regulatory and policy issues, the ABI is a great place to develop your career.
What training and benefits are offered?
On your first day you’ll be met by our HR team for a full company induction. You’ll then have inductions to get you up to speed with anything from events to how our finances work, plus one to ones with relevant advocacy and policy colleagues. Everyone goes on the CII Introduction to Insurance course and will receive plenty of on the job training. We host various Staff Learning Events throughout the year and you will be able to attend relevant ABI and industry events.
Additional training will be driven by your own personal needs and ambitions and we have a range of courses as part of our Learning and Development offering.
We’re looking for:
You’ll be comfortable handling various member priorities and chairing meetings with your various stakeholders. An engaging, persuasive and friendly communication style will stand you in good stead, both with your stakeholders and colleagues. An ability to negotiate is also highly valued. Alongside this, you’ll also need excellent analytical skills and be able to digest complex policy information quickly and make it accessible for others.
Excellent lobbying skills and the ability to win the confidence of others are hugely important. Ideally you will understand of the dynamics and timescale of international negotiation and have some experience working with regulatory bodies.