Senior Consultant - Insurance Risk & Regulatory Advisory - FS Consulting

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EY's Financial Services practice is a unique industry-focused business unit that provides a broad range of integrated services to financial institutions and other capital markets participants, including commercial banks, investment banks, broker-dealers, asset managers, insurance and energy trading companies.

EY UK’s Insurance Risk & Regulation Team works across the insurance market on a broad range of engagements with a diverse portfolio of clients, delivering consultancy services and support in risk and compliance matters.

The Insurance Risk & Regulation Team focuses on delivers sustainable benefits to our clients though enhancing business decisions based on improved and effective risk and compliance management.

Our objective is to be market leading in supporting the delivery of the CRO and CCO’s agenda. Accordingly, the Insurance Risk & Regulation Team look to offer both breadth and depth in all Compliance and Risk Management initiatives; ranging from providing advice on a specific element of the Conduct and Risk Management Frameworks in more detail, through to delivering a full Risk and Compliance Transformation programmes for the client, collaborating with multiple EY Teams.

The opportunity

As a Senior Consultant within the Risk and Regulatory Advisory team in Insurance your typical engagements supported by our insurance professionals include:

• Supporting firms navigate regulatory change e.g. Consumer Duty, FCA thematics,
• Supporting firms respond to actions for the PRA or FCA
• Design and/or review of end-to-end risk management frameworks
• Design and review of governance and organisational structure
• Risk Culture

Key Responsibilities:

• Contribute to the articulation of EY findings, conclusions and recommendations in writing or verbally
• Support the analysis of emerging issues, the articulation of an EY point of view and the development of an EY proposition
• Support engagement planning, management, and leading small teams in insurance engagements
• Work effectively as a team member sharing responsibility, providing support and updating senior members on progress
• Support bids and proposals for new client opportunities and grow existing valued relationships

To qualify for the role, you must have some or all of the following:

• Experience of General and/or Life Insurance risk experience at a major insurer, broker or intermediary or another Advisory firm
• Up to date knowledge of the regulatory environment impacting insurers
• Strong project management experience
• Strong academic background

• Strong report writing and presentations skills

Ideally you will also have

• Client management skills and ability to build and develop networks and relationships
• Ability to prioritise and challenge
• Commercial awareness
• Ability to work in a consulting role, with the ability to build networks and relationships

What we look for

We are looking for individuals who have a proactive attitude and are seeking the opportunity for personal and professional growth.

What we offer

We offer a competitive remuneration package where you’ll be rewarded for your individual and team performance. Our comprehensive Total Rewards package includes support for flexible working and career development, and with MyReward you can select benefits that suit your needs, covering holidays, health and well-being, insurance, savings and a wide range of discounts, offers and promotions. Plus, we offer:

• Support, coaching and feedback from some of the most engaging colleagues around
• Opportunities to develop new skills and progress your career
• The freedom and flexibility to handle your role in a way that’s right for you

If you can confidently demonstrate that you meet the criteria above, please contact us as soon as possible.

Join us in building a better working world.

Apply now .

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