Life Insurance/Regulatory Consultant - London

Life Insurance/Regulatory Consultant is required by a major regulatory organisation based in London.  This is to work in their Life Insurance division, they are looking for a specialist resource to provide support to the fixed portfolio supervisors on a firm-specific transaction, the Part VII transfer of a book of insurance business.

The core requirements of this role will be to provide technical regulatory support; and some project and stakeholder management on behalf of the client in relation to conduct-related matters around a complex transfer of life insurance business under Part VII of FSMA.

RESPONSIBILITIES:

- The interests of customers of both parties have been appropriately balanced and adequately protected throughout the whole of the part VII process;
- The rights and interests of the transferring in' policyholders in relation to particular aspects of the fund have not been adversely affected;
- Stakeholder relationships have been managed successfully;
- Where reasonably achievable, within the context of the legal requirements and in relation to particular aspects of the transferring in' fund, the proposed project timescale has been achieved.

Experience:

Technical knowledge - A thorough understanding of:

o The Part VII process.

o With-Profits products.

Essential:

- Regulatory approach - Knowledge of supervising the conduct of large financial services firms.
- Broader Life Insurance Sector specific knowledge - An understanding of the life insurance sector from a product provider perspective, coupled with a good level of knowledge of the key conduct-related risks posed by firms in the sector at the present time.
- Internal & external stakeholder management - Ability to buildmake sound judgements in a timely manner; and escalate matters as appropriate.
- Project management skills/Organisational ability - Ability to manage a complex transaction (that has a variety of competing work-streams and issues) and prioritise accordingly.