You are here

Regulatory Policy and Projects Advisor

We are currently recruiting a Regulatory Policy and Projects Advisor for a Permanent contract.

This role is currently a home-based role due to Covid-19 restrictions. The successful candidate could be based in our Edinburgh office or working from home, but would  need to be able to travel to our Edinburgh office as and when needed. 

To apply, please send a CV and covering letter plus details on your current salary to HRsupport@actuaries.org.uk before the closing date of 6 August 2021.

Purpose of the job

This role is to support the IFoA’s regulatory function by providing advice on, and leading projects relating to, IFoA regulatory policy matters.

Reporting to the Senior Regulatory Lawyer and working closely with the wider Regulatory Policy Team, the Regulatory Board and colleagues from across the IFoA, the role will involve delivering and implementing actuarial regulatory policy projects, including presenting on them to Boards and Committees, developing recommendations for changes to the regulatory framework and developing communications and training materials to support the IFoA’s regulatory work.

Principal accountabilities

What is done

Who with

With what end-result

Responsible for developing and delivering particular regulatory projects, including

  • Research into topics and benchmarking
  • Developing proposals and recommendations with advice and drafting support from regulatory legal team
  • Obtaining necessary governance approvals
  • External promotion of new initiatives/projects
  • Engagement with Members and other stakeholders (internal and external) on proposals
  • Engagement with Financial Reporting Council as the IFoA’s oversight body
  • Senior Regulatory Lawyer and Regulatory Lawyer
     
  • Head of Regulatory Policy
     
  • Wider Regulatory Policy Team
     
  • Regulatory Board
     
  • Practice Boards and other IFoA volunteer groups
     
  • Other IFoA colleagues, as appropriate
Effective and timely delivery of the IFoA’s regulatory work programme
To provide regulatory policy support to the Regulatory Policy Team and Regulatory Board, as and when required, including preparing briefing notes on relevant topics, presenting on those topics at Board meetings and identifying and arranging for subject matter experts to present at Regulatory Board meetings.
  • Head of Regulatory Policy
     
  • Senior Regulatory Lawyer
     
  • Regulatory Board
Effective, insightful and up to date regulatory policy advice provided to the Regulatory Policy Team and Regulatory Board.
To oversee the Regulatory Board’s horizon-scanning work in relation to emerging regulatory and public interest risks, including maintenance of the Horizon Scanning Register and suggesting topics for discussion by the Regulatory Board
  • Head of Regulatory Policy
     
  • Senior Regulatory Lawyer
     
  • Wider Regulatory Policy Team, including the Actuarial Monitoring Scheme (AMS) team
     
  • Regulatory Board
     
  • IFoA’s Policy Team
     
  • Practice Boards and other member groups
The IFoA has robust, dynamic processes for horizon scanning in relation to emerging public interest risks and areas that may require steps to be taken by the IFoA in its regulatory function.
To provide input from a regulatory policy perspective into IFoA consultation responses, where appropriate
  • Head of Regulatory Policy
     
  • Regulatory Board
     
  • IFoA’s Policy Team
 
To develop training and educational materials and present on new initiatives or issues, as required
  • Events team
     
  • Professionalism Team
Supportive training and educational materials are produced to accompany new measures and high quality presentations are delivered acros a range of formats
To engage with external stakeholders and build relationships with representatives at the right level
  • FRC
     
  • Statutory regulators
     
  • Actuarial employers
Appropriate engagement with stakeholders that helps to support the IFoA’s regulatory policy work  

Main contacts

  • Regulatory Policy Team
  • Regulatory Board
  • Volunteers
  • FRC
  • Policy Team

Decisions

Required to exercise judgement and make decisions commensurate with the role of delivering and implementing regulatory policy projects. This will include decisions on specific projects within agreed parameters. Management of own workload.

Complexity

The role will involve engaging with often complex regulatory policy matters, being able to communicate those and identify key issues, as well as having an awareness of emerging issues. It will also involve engaging on regulatory policy issues with well-informed audiences. 

Impact

The role will be key both in the delivery of the regulatory function’s work programme, but also in ensuring that the function is kept up to date and informed about relevant regulatory policy issues relevant to actuaries and their work.

Knowledge and experience

Essential

  • Experience of managing and implementing projects.
  • Good knowledge of actuarial and/or financial services, particularly insurance and pensions
  • Experience of providing policy advice
  • Experience of stakeholder management and building positive relationships with stakeholders.
  • Good interpersonal skills, able to inspire confidence in others and to motivate, influence and persuade
  • Strong organisational and time management skills
  • Strong communicator, both written and spoken
  • Strong attention to detail and accuracy
  • Self-starter - able to work on own initiative and to tight deadlines.
  • Creative thinker and problem solver.

Desirable

  • Experience of working within a professional regulatory environment
  • Experience or knowledge of actuarial regulation
  • Experience of working within financial services regulation
  • Project Management qualifications or certifications (e.g. Prince 2)

 

Values and behaviours

All IFoA staff are expected to demonstrate our values and behaviours:

  • Member-focused: We put members at the heart of everything we do
  • Action-oriented: We work hard, we work smart, and we take pride in getting things done, valuing action over perfection
  • Forward- and outward-looking: We’re always looking to be bold and improve, innovate and take the next step
  • Team-driven: We work in partnership, advancing together as one IFoA.

 

Contact Details

HR Team

hrsupport@actuaries.org.uk

We aim to respond to all enquiries within three working days. To apply for this role, please send your CV, cover letter and your current salary details to: hrsupport@actuaries.org.uk

Filter or search events

Start date
E.g., 26/07/2021
End date
E.g., 26/07/2021

Events calendar

  • Asia Conference 2021 webinar series

    Online webinar series
    26 July 2021 - 30 July 2021
    Spaces available

    We have made it through 2020 but the COVID-19 crisis continues to have a significant impact on individuals, societies, businesses and the wider economy across the globe. Navigating the world post COVID-19 in an uncertain and highly unstable time brings along many uncertainties, challenges and exciting opportunities. Hence the theme of this year’s IFoA Asia Conference Webinar Series is “Risk. Adapt. Thrive.”

  • CMI Income Protection

    30 July 2021

    Spaces available

    In April 2021, the CMI Income Protection Committee published Working Paper 149, which detailed the changes to analysis methodology for the Income Protection Investigation and the impact of past data issues. This webinar will provide an overview of the changes in the analysis approach and discuss the adjustments to the IP11 claim inceptions graduations.

  • Spaces available

    Risk Management Webinar ProgrammeInternal audit is often the Cinderella of the audit world. It’s a regulatory requirement for insurance companies to have an internal audit function, so why not make it as useful as possible?  This session will look at how to link an internal audit plan to the risk register, and how that helps audit committees and boards to spot problems and fix them.

  • Spaces available

    Climate change is one of the greatest risks facing our world today. Addressing it will require multi-faceted solutions. Through this panel session, we will explore the different levers that can be used to meet net-zero targets including climate science and data, government engagement, and mobilising green finance.