Senior Consultant, Insurance, Process & Controls
Senior Consultant, Insurance, Process & Controls

Senior Consultant, Insurance, Process & Controls

London Full-Time 43200 - 72000 £ / year (est.) No home office possible
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At a Glance

  • Tasks: Lead internal audit and controls projects, ensuring client satisfaction and effective communication.
  • Company: Join EY, a global leader in professional services, committed to inclusivity and personal growth.
  • Benefits: Enjoy flexible working, competitive pay, and a comprehensive rewards package tailored to your needs.
  • Why this job: Be part of a diverse team, develop your skills, and make a real impact in the insurance sector.
  • Qualifications: Strong academic record, understanding of insurance, and experience in internal audit or risk management required.
  • Other info: Opportunity for continuous learning and career advancement in a supportive environment.

The predicted salary is between 43200 - 72000 £ per year.

At EY, you’ll have the chance to build a career as unique as you are, with the global scale, support, inclusive culture, and technology to become the best version of you. Join us and build an exceptional experience for yourself, and a better working world for all.

Our Internal Audit & Controls team provides confidence to our clients and their stakeholders through the rigorous independent assessment of process and controls. This is done through the appropriate use of internal audit skills, building strong relationships, coupled with industry insight in the Financial Services market.

The opportunity involves continuing to build our ever-growing Financial Services Internal Audit & Controls practice and looking for driven professionals with a strong background in Financial Services Internal Audit & Controls. This role offers exceptional opportunities for personal growth and advancement, enhancing your wider business knowledge, and building internal and external relationships across disciplines and borders.

Candidates must have experience of working in internal audit, risk and/or controls projects either as an internal auditor/advisor at a professional service firm and/or within an in-house Internal Audit function within industry. Insurance experience is preferred and advantageous.

As part of the FSO Consulting team, you will manage and work on teams with responsibility for building client relationships and ensuring the overall execution of projects, under the guidance and direction of Managers, Senior Managers and Directors.

Your goal will be to help clients achieve their potential - and you can expect to do the same. As part of a supportive team, you'll have every opportunity to progress and build knowledge that will make a difference to your entire career.

Skills and attributes for success:

  • Planning and delivering internal audit and controls engagements that meet clients’ needs and expectations.
  • Using pre-existing methodologies to deliver engagements.
  • Preparing deliverables for Manager and Partner review against quality expectations.
  • Maintaining active communication with both Managers/Senior Managers and clients to manage expectations and ensure client satisfaction.
  • Understanding our service offerings and seeking to identify opportunities to better serve clients.
  • Assisting Managers with the development of client proposals and engagement contracts.
  • Overseeing and coaching graduate level colleagues.
  • Ability to operate with stakeholders/manage projects which potentially span all functions within client organisations.
  • High level of drive, commitment to achieving solutions and ability to work and lead under pressure.

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

  • Strong academic record including at least a 2.1 classified degree or equivalent; a professional qualification would be advantageous.
  • Good understanding of the insurance industry and the role of key functions within an insurance company and/or broker.
  • Solid understanding and experience of regulation and compliance hot topics in the Insurance sector.
  • Experience of performing reviews against regulatory requirements and expectations.
  • Good understanding and experience of using standard IT platforms and software packages, such as Microsoft Word, PowerPoint, Excel, SharePoint and Outlook.
  • Be commercially savvy and able to collaboratively engage in discussions on future market trends and what this may mean for our clients.
  • Be a problem solver; tailoring what you have learnt from your experiences to different client problems to help design and implement the solution.

What we look for:

We are looking for highly motivated and professional candidates who are excited by the opportunity to help us develop and grow a team of high performing consultants. You will further add to the continued success of our Internal Audit & Controls practice and you are excited about helping our clients improve the way they operate. Being a strong team player is important as well as someone who is happy to work flexibly on different clients and different engagements.

We are a diverse and inclusive team; our working styles are flexible and are supportive in allowing for everyone to work in a way that meets their needs. We use technology effectively in our work to enable easy transition between office and home working where appropriate to your style.

What working at EY offers:

  • Competitive remuneration package where you’ll be rewarded for your individual and team performance.
  • Comprehensive Total Rewards package includes support for flexible working and career development.
  • Continuous learning: You’ll develop the mindset and skills to navigate whatever comes next.
  • Success as defined by you: We’ll provide the tools and flexibility, so you can make a meaningful impact, your way.
  • Transformative leadership: We’ll give you the insights, coaching and confidence to be the leader the world needs.
  • Diverse and inclusive culture: You’ll be embraced for who you are and empowered to use your voice to help others find theirs.

If you can demonstrate that you meet the criteria above, please contact us as soon as possible. The exceptional EY experience. It’s yours to build.

Senior Consultant, Insurance, Process & Controls employer: Ernst & Young Advisory Services Sdn Bhd

At EY, we pride ourselves on being an exceptional employer, offering a dynamic and inclusive work culture that fosters personal and professional growth. Located in the vibrant city of London, our Senior Consultant role in Insurance, Process & Controls provides unique opportunities to engage with diverse clients while benefiting from a comprehensive Total Rewards package that supports flexible working and career development. Join us to make a meaningful impact in a supportive environment where your voice is valued and your career aspirations can flourish.
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Contact Detail:

Ernst & Young Advisory Services Sdn Bhd Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Senior Consultant, Insurance, Process & Controls

✨Tip Number 1

Familiarise yourself with the latest trends and regulations in the insurance industry. This knowledge will not only help you during interviews but also demonstrate your commitment to staying updated in a rapidly evolving field.

✨Tip Number 2

Network with professionals already working in internal audit and controls within the insurance sector. Attend industry events or join relevant online forums to build connections that could lead to referrals or insider information about the role.

✨Tip Number 3

Prepare to discuss specific examples from your past experiences that showcase your problem-solving skills and ability to manage projects under pressure. Tailoring your stories to align with the responsibilities of the Senior Consultant role will make a strong impression.

✨Tip Number 4

Research EY's culture and values thoroughly. Understanding their commitment to diversity, inclusion, and continuous learning will allow you to articulate how you can contribute to their team and align with their mission during the interview process.

We think you need these skills to ace Senior Consultant, Insurance, Process & Controls

Internal Audit Skills
Risk Management
Regulatory Compliance Knowledge
Insurance Industry Expertise
Client Relationship Management
Project Management
Analytical Skills
Communication Skills
Problem-Solving Skills
Team Leadership
Proficiency in Microsoft Office Suite
Understanding of Financial Services
Ability to Work Under Pressure
Commercial Awareness

Some tips for your application 🫡

Tailor Your CV: Make sure your CV highlights relevant experience in internal audit, risk, and controls, particularly within the insurance sector. Use specific examples that demonstrate your skills and achievements related to the job description.

Craft a Compelling Cover Letter: Write a cover letter that not only outlines your qualifications but also expresses your enthusiasm for the role at EY. Mention how your background aligns with their needs and how you can contribute to their Internal Audit & Controls team.

Highlight Relevant Skills: In your application, emphasise your understanding of the insurance industry and your experience with regulatory compliance. Be sure to mention any specific methodologies or tools you have used in previous roles.

Showcase Your Problem-Solving Abilities: Provide examples in your application that illustrate your problem-solving skills. Discuss how you've tailored solutions to meet client needs in past projects, as this is a key attribute they are looking for.

How to prepare for a job interview at Ernst & Young Advisory Services Sdn Bhd

✨Understand the Insurance Landscape

Make sure you have a solid grasp of the insurance industry, including key functions and current regulatory hot topics. This knowledge will help you demonstrate your expertise and show that you're well-prepared for the role.

✨Showcase Your Audit Experience

Be ready to discuss your previous experience in internal audit, risk, or controls projects. Highlight specific examples where you've successfully managed projects or built client relationships, as this is crucial for the Senior Consultant role.

✨Prepare for Scenario-Based Questions

Expect questions that assess your problem-solving skills and ability to tailor solutions to client needs. Prepare examples from your past experiences that illustrate how you've navigated challenges and delivered results.

✨Demonstrate Team Collaboration Skills

Since being a strong team player is essential, be prepared to discuss how you've worked effectively within teams. Share examples of how you've coached junior colleagues or collaborated with diverse teams to achieve common goals.

Senior Consultant, Insurance, Process & Controls
Ernst & Young Advisory Services Sdn Bhd
Location: London
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