Protecting the nation’s insurance assets is a vital job – and you can help us do it. Through the recently formed Prudential Regulation Authority, we now provide prudential supervision to over 500 insurers, helping them to identify and mitigate potential risks.
The challenge
You’ll take the lead on prudential risk assessment and mitigation, supervising insurance firms and influencing them at senior levels to bring about effective outcomes. The role involves analysing a wide range of financial data, including information on solvency, management, governance, operations and market position. It will also mean taking big and sometimes difficult decisions to ensure policyholders are protected.
The requirements
Strong analytical skills – and, in particular, financial analytical skills – are essential for this role. You’ll be able to process large amounts of complex data and will know how to interpret and, where necessary, challenge the financial information provided by firms. Some knowledge of the insurance industry would be an advantage, but is not essential. You must, however, have excellent communication and interpersonal skills, as the role involves building relationships with internal and external stakeholders, as well as acting as an ambassador for the team.
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 economic 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 and support to make the progress that matters the most to you.