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Regulatory Policy and Projects Advisor

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

This role will be a hybrid of working from home and infrequent travel to our Edinburgh office. 

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 19 October 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 which supports the IFoA’s regulatory role, in the public interest.

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 the 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

Decisions

Required to exercise judgment 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 in managing and implementing projects.
  • Good knowledge of actuarial and/or financial services, particularly insurance and pensions
  • Experience in providing policy advice
  • Experience in 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., 19/10/2021
End date
E.g., 19/10/2021

Events calendar

  • The Growth Mindset for Actuaries

    13 October 2021 - 8 December 2021

    Fully booked.

    This practical course is aimed at actuaries at any stage of their career who want to develop their own growth mindset and apply it to their work setting and personal or professional lifelong learning. The content of the course builds on the lecture given by Dr Helen Wright on Growth Mindset as part of the President’s 2021 Lecture series, and will be delivered over a period of 2 months, from mid-October to early December.

  • Spaces available

    In this webinar, we will discuss how cause-of-death data from the Office for National Statistics can help us to understand how inequalities arise at the all-cause level. The key to understanding mortality inequality is to think about the chain that connects risk factors, relative risks, and cause-of-death mortality through to all-cause mortality.

  • Spaces available

    The importance of biodiversity for finance, business and policy is being increasingly recognised. While many studies highlight the overall economic impact that biodiversity loss could have, it is much more difficult to quantify and understand the particular impact that is may have on individual businesses or communities. The management and measurement of these risks is a field where actuaries are well placed to contribute.

  • Spaces available

    The climate crisis and the degradation of our planet will affect societies everywhere. How we address these threats will require solutions that transcend borders. As a global profession, the actuarial community is well-placed to consider and propose effective risk management solutions to help manage the climate crisis.

  • GIRO 2021 Webinar Series

    Online
    8 November 2021 - 19 November 2021
    Spaces available

    Join leading experts to discuss key issues, emerging ideas and new research across the general insurance sector.

  • Life 2021 Webinar Series

    Online
    22 November 2021 - 26 November 2021
    Spaces available

    Join leading experts to discuss key issues, emerging ideas, and new research across the Life insurance sector.

  • Spaces available

    Content will be aimed at all actuaries looking to understand the issues surrounding mental health in insurance and in particular those looking to ensure products and processes widen access for, and are most useful to, those experiencing periods of poor mental health.