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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 range of perks 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 roles is essential.
- Other info: This role offers hybrid working in London, fostering a collaborative and supportive environment.
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 has 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 looks 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 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.
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.
Job Type: Full-time
Schedule: Monday to Friday
Work Location: Hybrid remote in London SE1 2AF
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
Network with professionals in the insurance and regulatory advisory sectors. Attend industry events, webinars, or local meetups to connect with individuals who work at EY or similar firms. This can provide you with insider knowledge about the company culture and the specific skills they value.
✨Tip Number 2
Stay updated on the latest regulatory changes affecting the insurance industry. Follow relevant news sources, subscribe to industry newsletters, and engage in discussions on platforms like LinkedIn. Demonstrating your knowledge of current trends during interviews can set you apart from other candidates.
✨Tip Number 3
Prepare for potential case studies or scenario-based questions that may arise during the interview process. Practise articulating your thought process on risk management frameworks and compliance issues, as this will showcase your analytical skills and understanding of the role.
✨Tip Number 4
Consider reaching out to current or former employees of EY to gain insights into their experiences within the Insurance Risk & Regulation Team. This can help you tailor your approach and demonstrate a genuine interest in the team’s objectives during your application process.
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 services. Use keywords from the job description to demonstrate your fit for 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.
Showcase Communication Skills: Since strong written and verbal communication skills are essential, include examples of reports or presentations you've created in previous roles. This will help illustrate your ability to articulate findings and recommendations effectively.
Highlight Stakeholder Management Experience: Provide examples of how you've successfully managed stakeholders in past roles. This could include details about how you built relationships or navigated complex situations, which is crucial for this 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 frameworks. This shows your proactive attitude and knowledge in the field.
✨Demonstrate Stakeholder Management Skills
Prepare examples of how you've effectively managed stakeholders in previous roles. Highlight your communication skills and ability to build relationships, as these are crucial for the role.
✨Showcase Project Management Experience
Be ready to discuss your project management experience, particularly in risk and compliance initiatives. Use specific examples to illustrate your ability to lead teams and manage engagements successfully.
✨Articulate Your Passion for Change
Express your enthusiasm for transforming the financial services industry, especially within insurance. Share your vision on how you can contribute to the team's objectives and help clients achieve their potential.
