Job Description

Leeds based role.

Insurance Strategy and Development Team - Scale D Vacancy

The Insurance Directorate promotes the safety and soundness of over 500 insurers operating in the UK. This includes general insurers, life insurers, friendly societies and the London market. We help identify and mitigate potential risks to our PRA objectives before they can have an adverse effect on policyholders and financial stability.




We face a complex and challenging task, one that presents numerous opportunities to protect policyholders and UK financial stability and one that delivers real and lasting benefits to society.

What is the Insurance Strategy and Development Team?

A small, high-impact team at the heart of the Insurance Directorate. The team is responsible for:


Leading the design, delivery, and embedding of the Insurance Directorate's vision and strategy, including developing the directorate's annual business plan. Working closely with the Insurance Directorate COO to lead recruitment, training, and talent development--ensuring our people and skills align with long-term goals. Supporting horizontal working, overseeing the network operating model, and sector risk management to ensure effective and agile delivery across the directorate.

What does the Scale D role involve?

This is a high-profile Senior Manager role, providing leadership of the Insurance Strategy and Development team to support the directorate's strategic planning, recruitment, training, and sector risk management. This is a people management role, with direct line management responsibilities.


Broadly, the responsibilities of the role will include the following.


Strategy


Business Planning: Co-ordinating the formulation and implementation of annual insurance directorate business plans and aligning resources to priorities. Network Management: Overseeing the network operating model across the Insurance Directorate, ensuring that networks are accountable, visible, and delivering work that is clearly aligned with our strategic priorities. Sector Risk Management: Leading the coordination and oversight of sector risk management across the Insurance Directorate, including oversight of the Insurance Directorate Risk Forum - ensuring it functions as a key mechanism for risk oversight, challenge, and decision-making. Strategic Leadership Support: Attend the weekly Insurance Senior Leadership Team (SLT) meetings to provide strategic insight, advice, and updates on development matters--ensuring alignment between directorate-wide initiatives and broader organisational goals.
Development


Working closely with the Insurance Directorate COO to lead our recruitment initiatives, and roll-out of pooled and non-pooled recruitment for Insurance, ensuring inclusive recruitment practices are followed and optimal deployment of talent to available roles. Ongoing futureproofing of the Insurance Directorate's resourcing model. Chair the Insurance Directorate Staff Working Group, setting the strategic direction for people-related initiatives within the directorate and representing Insurance at PRA-wide people forums. Design, co-ordination and forward-planning of the training strategy for the directorate (both induction training for new joiners to the directorate and ongoing professional development for experienced insurance supervisors). Support management of the directorate training and resourcing budgets.

Minimum / Essential Criteria

Strong people manager, with excellent stakeholder management skills. Ability to motivate and mobilise direct reports and colleagues towards shared goals. Excellent interpersonal and communication skills. Clear and focused verbal and written communication. Strong problem-solving skills. Ability to maintain clarity of thought when faced with large quantities of information. Thinking creatively to address complex challenges. Strong personal impact and credibility, the ability to persuade and influence relevant stakeholders. Decisive and action oriented. Excellent project management skills. Highly organised and focused on delivery. Ability to drive projects through to completion. Must be collaborative and a role model for our Bank Behaviours. Must be comfortable managing the team's workload, using initiative, taking decisions and working at pace (yet knowing when to escalate).

Desirable Criteria

Experience of prudential supervision, and the practical application of our PRA risk model and supervisory framework is desirable. Understanding of the key issues facing general insurance and life insurance firms, their products, markets and business models. Experience of strategy setting, business planning, recruitment and/or training within or outside the Bank.
This is a people management role. You will be responsible for day to day management of the team and for defining roles and responsibilities. You will develop your team through sharing information effectively, coaching and communicating a clear vision to ensure that your staff are productive, engaged and motivated to deliver the area's aims. This will include setting clear goals and smart stretching objectives that are aligned to those of the team, division and directorate. You will also be responsible for managing all staff-related matters that may arise including performance, absence and sickness.

Number of direct reports: 3/4

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Our Approach to Inclusion

The Bank values diversity, equity and inclusion. We play a key role in maintaining monetary and financial stability, and to do that effectively, we believe we need a workforce that reflects the society we serve.


At the Bank of England, we want all colleagues to feel valued and respected, so we're working hard to build an inclusive culture which supports people from all backgrounds and communities to be at their best at work. We celebrate all forms of diversity, including (but not limited to) age, disability, ethnicity, gender, gender identity, race, religion, sexual orientation and socioeconomic status. We believe that it's by drawing on different perspectives and experiences that we'll continue to make the best decisions for the public.


We welcome applications from individuals who work flexibly, including job shares and part time working patterns. We've also partnered with external organisations to support us in making adjustments for candidates and employees in the recruitment process where they're needed.


For most roles where work can be carried out at home, we aim for colleagues to spend half of their time in the office, with a minimum of 40% per month. Subject to that minimum requirement, individuals and managers should work together to find what works best for them, their team and stakeholders.


Finally, we're proud to be a member of the Disability Confident Scheme . If you wish to apply under this scheme, you should check the box in the 'Candidate Personal Information' under the 'Disability Confident Scheme' section of the application.

Salary and Benefits Information

We encourage flexible working, part time working and job share arrangements. Part time salary and benefits will be on a pro-rated basis as appropriate.


This role offers a salary of 90,000 - 101,250 in London or 81,040 - 91,170 if based in Leeds. In addition, we also offer a comprehensive benefits package as detailed below:


Currently a non-contributory, career average pension giving you a guaranteed retirement benefit of 1/80th of your annual salary for every year worked. There is the option to increase your pension (to 1/65th) or decrease (to 1/105th) in exchange for salary through our flexible benefits programme each year. The Bank has the discretion to vary standard accrual rates and dial up and dial down rates at any time and to withdraw dial up and dial down options at any time. A discretionary performance award based on a current award pool. An 8% benefits allowance with the option to take as salary or purchase a wide range of flexible benefits. 26 days' annual leave with option to buy up to 12 additional days through flexible benefits. Private medical insurance and income protection.

National Security Vetting Process

Employment in this role will be subject to the National Security Vetting clearance process (and typically can take between 6 to 12 weeks post offer) and the passing of additional Bank security checks in accordance with the Bank policy. Further information regarding the vetting and security clearance requirements for the role will be provided to the successful applicant, and information about how the Bank processes personal data for these purposes, is set out in the Bank's Privacy Notice .


The Bank of England welcomes applications from all candidates, but as a UK Visas and Immigration (UKVI) approved sponsor, we have a responsibility to comply with the Immigration Rules and guidance. As such, our ability to employ individuals who require sponsorship for immigration purposes is limited. The Bank cannot guarantee that you and / or the role you are applying for will be eligible for sponsorship and that any application made to UKVI will be successful. Eligibility will therefore be considered on a case by case basis.

The Application Process

Important: Please ensure that you complete the 'work history' section and answer ALL the application questions fully.

All candidate applications are anonymised to ensure that our hiring managers will not be able to see your personal information, including your CV, when reviewing your application details at the screening stage. It's therefore really important that you fill out the work history and application form questions, as your answers will form a critical part of the initial selection process.


This role closes on 15 July 2025

Please apply online, ensuring that you complete your work history and answer ALL the application questions fully and in detail as your application will not be considered if all mandatory questions are not fully completed.