Policy Adviser – Catastrophic Insurance Risks

Do you have the right set of skills for this role, can demonstrate the values of our organisation, and are you motivated to come and work with us on a range of issues that are important for our financial services sector? If so, we'd love to hear from you!

About the Team

The Market Growth and Systemic Risks branch of the Insurance and Pensions Markets team leads HM Treasury’s work on domestic insurance markets. This includes policies relating to the growth of UK insurance markets, the Treasury's position on catastrophic insurance risks (such as terrorism and cyber insurance), and on novel insurance issues.

The team engages regularly with the financial regulators, the Prudential Regulation Authority and Financial Conduct Authority, and with the insurance sector.

About the Job

In this role, you will:

1. Terrorism reinsurance – lead on our team’s relationship with Pool Re, an Arm’s Length Body of HMT and the UK’s Government backed terrorism reinsurer.
   Act as the main day to day point of contact for Pool Re, including building a strong relationship with their Executive team and holding them to account for their performance under existing agreements.
   Evaluate the impact of wider cross-government reforms and their impact on Pool Re and the UK’s domestic terrorism market (e.g. Martyn’s Law).
2. New and emerging areas of catastrophic risk – develop HMT’s understanding and policy views on new and emerging areas of catastrophic risk, including other government reinsurance schemes and interventions to strengthen and grow these markets. Engage across Whitehall to communicate HMT’s policy views and progress a joined-up government approach.
3. Sanctions and war risk – lead for the team and engage across Whitehall and with industry, on how sanctions affect insurance markets, or how insurance markets can support reconstruction efforts after conflict.
4. Briefing and correspondence – produce high quality briefing for senior officials and ministers, and lead on relevant correspondence. Depending on workload, contribute to wider team efforts to brief and respond to correspondence on issues beyond those in main policy responsibilities.

About You

The successful candidate will have the ability to work independently and as part of a team and manage a busy workload to meet deadlines and targets. You will be able to evaluate and use a range of different and sometimes competing evidence sources and apply considered judgement to develop accurate policy decisions and advice. You’ll have the ability to clearly communicate complex issues in person and in writing, and credibly hold the Treasury’s primary relationship with key organisations.

Some of the Benefits our people love!

• 25 days annual leave (rising to 30 after 5 years), plus 8 public holidays and the King’s birthday (unless you have a legacy arrangement as an existing Civil Servant). Additionally, we operate flexitime systems, allowing employees to take up to an additional 2 days off each month.
• Flexible working patterns (part-time, job-share, condensed hours).
• Generous parental and adoption leave packages.
• Access to a generous Defined Benefit pension scheme with employer contributions of 28.97%.
• Access to a cycle-to-work salary sacrifice scheme and season ticket advances.
• A range of active staff networks, based around interests (e.g. analysts, music society, sports and social club) and diversity.

For more information about the role and how to apply, please follow the apply link.

If you need any reasonable adjustments to take part in the selection process, please tell us about this in your online application form, or speak to the recruitment team at hrrecruitment@hmtreasury.gov.uk.