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For Companies At a Glance
- Tasks: Lead and manage insurance risk and regulatory advisory projects, enhancing client decision-making.
- Company: Join EY, a global leader in financial services with a focus on innovative risk management solutions.
- Benefits: Enjoy flexible working, competitive pay, and a comprehensive rewards package tailored to your needs.
- Why this job: Be part of a dynamic team transforming the insurance industry while developing your career.
- Qualifications: Experience in risk and compliance within insurance or advisory firms is essential.
- Other info: This role offers hybrid working in London, with opportunities for mentorship and skill development.
The predicted salary is between 43200 - 72000 £ per year.
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 combined with the EY UK Actuarial Team is the largest in EMEIA and have a market leading position in Risk Management services, working across the insurance market on a broad range of engagements with a diverse portfolio of clients. The Insurance Risk & Regulation Team focuses on delivering sustainable benefits to our clients through enhancing business decisions based on improved and effective risk management.
The opportunity
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 Regulatory / Compliance and Risk Management initiatives ranging from providing advice on a specific element of the Conduct or Risk Management Frameworks in more detail, through to delivering a full Risk and Compliance Transformation programmes for the client, collaborating with multiple EY Teams.
Your key responsibilities
- As a Manager within the Insurance Risk & Regulation Team, typical engagements you can expect to be involved in include designing or reviewing the following depending on whether you are a Regulatory or Risk focused:
- For Risk focused role holders:
- Risk Management Frameworks
- Governance arrangements
- Risk Appetite
- Control frameworks
- Risk MI & Reporting
- Risk Management Culture
- Risk Function Operating models
- AI Risk Management
- Compliance Target Operating Model
- Compliance Monitoring
- Conduct frameworks
- Control frameworks
- Governance arrangements
- Complaint handling
- MI & Reporting
- Risk Management Culture
You will:
- 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
- Be responsible for 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
- Mentor staff and conduct performance reviews and contribute to performance feedback for staff
- Support bids and proposals for new client opportunities and grow existing valued relationships
Skills and attributes for success
- Excellent stakeholder management and communication skills
- Strong project management experience
- Ability to prioritise and challenge
- Strong academic background
- Ability to build networks and relationships
- Strong written and verbal communication skills for report writing and client presentations
- Proactive attitude
To qualify for the role you must have
- Experience of working within a General and/or Life Insurer’s Risk & Compliance Team OR experience of delivering Risk & Regulatory services for another Advisory firm
- Knowledge and experience of Risk Management Frameworks in Insurers
- Up to date knowledge of the regulatory environment impacting Insurers
What we look for
We are looking for people passionate about accelerating their careers in Insurance and who want to help transform the financial services industry. If you have relevant experience in advisory roles, a passion for enacting change in the Insurance industry, combined with the drive to help businesses achieve their potential, this role is for you.
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.
- 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.
Job Type: Full-time
Schedule: Monday to Friday
Work Location: Hybrid remote in London SE1 2AF
Reference ID: 1553641
Manager, Insurance Risk & Regulatory Advisory employer: EY
Contact Detail:
EY Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Manager, Insurance Risk & Regulatory Advisory
✨Tip Number 1
Familiarise yourself with the latest regulatory changes affecting the insurance industry. This knowledge will not only help you in interviews but also demonstrate your commitment to staying updated in a rapidly evolving field.
✨Tip Number 2
Network with professionals in the insurance risk and regulatory space. Attend industry events or webinars to connect with potential colleagues and learn more about the challenges they face, which can give you valuable insights for your application.
✨Tip Number 3
Prepare to discuss specific examples of how you've contributed to risk management frameworks or compliance initiatives in previous roles. Being able to articulate your hands-on experience will set you apart from other candidates.
✨Tip Number 4
Showcase your project management skills by discussing any relevant projects you've led or been a part of. Highlighting your ability to manage teams and deliver results will resonate well with the hiring managers at StudySmarter.
We think you need these skills to ace Manager, Insurance Risk & Regulatory Advisory
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in Risk Management and Regulatory Advisory. Use keywords from the job description to demonstrate that you meet the specific requirements of the role.
Craft a Compelling Cover Letter: Write a cover letter that showcases your passion for the insurance industry and your understanding of the regulatory environment. Mention specific experiences that align with the responsibilities outlined in the job description.
Highlight Communication Skills: Since strong written and verbal communication skills are essential for this role, provide examples in your application that demonstrate your ability to articulate findings and recommendations effectively.
Showcase Project Management Experience: Detail your project management experience in your application. Highlight any relevant projects where you led teams or managed engagements, as this is a key responsibility for the Manager position.
How to prepare for a job interview at EY
✨Understand the Regulatory Landscape
Familiarise yourself with the current regulatory environment affecting insurers. Be prepared to discuss recent changes and how they impact risk management practices, as this will demonstrate your up-to-date knowledge and commitment to the field.
✨Showcase Your Stakeholder Management Skills
Prepare examples of how you've effectively managed stakeholders in previous roles. Highlight your communication strategies and how you’ve navigated complex relationships, as strong stakeholder management is crucial for this position.
✨Demonstrate Project Management Experience
Be ready to discuss specific projects you've managed, focusing on your role in planning, execution, and outcomes. This will illustrate your ability to lead teams and manage engagements effectively, which is key for a managerial role.
✨Express Your Passion for the Insurance Industry
Convey your enthusiasm for transforming the financial services sector, particularly within insurance. Share your vision for the future of the industry and how you can contribute to its evolution, aligning with the company's goals.
