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- Tasks: Support insurance firms in navigating regulatory changes and enhancing risk management frameworks.
- Company: Join EY, a global leader in consulting, shaping the future with diverse teams.
- Benefits: Enjoy flexible working, competitive pay, and a range of personal development opportunities.
- Other info: Opportunities for coaching and skill development in a supportive environment.
- Why this job: Be part of a team that drives impactful change in the insurance sector while growing your career.
- Qualifications: Experience in insurance risk, strong project management skills, and a proactive attitude are essential.
The predicted salary is between 43200 - 72000 £ per year.
This job is brought to you by Jobs/Redefined, the UK's leading over-50s age inclusive jobs board. At EY, we're all in to shape your future with confidence. We'll help you succeed in a globally connected powerhouse of diverse teams and take your career wherever you want it to go. Join EY and help to build a better working world.
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 delivering sustainable benefits to our clients through 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 looks 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 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 presentation 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.
Senior Consultant - Insurance Risk & Regulatory Advisory - FS Consulting employer: EY
Contact Detail:
EY Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Consultant - Insurance Risk & Regulatory Advisory - FS Consulting
✨Tip Number 1
Familiarise yourself with the latest regulatory changes affecting the insurance sector, such as Consumer Duty and FCA thematics. This knowledge will not only help you in interviews but also demonstrate your proactive approach 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 current EY employees or others in similar roles. Building these relationships can provide valuable insights and potentially lead to referrals.
✨Tip Number 3
Prepare to discuss specific examples of how you've successfully managed projects or contributed to risk management frameworks in previous roles. Being able to articulate your experience clearly will set you apart during discussions with the hiring team.
✨Tip Number 4
Showcase your ability to work collaboratively by highlighting experiences where you've led teams or supported colleagues in achieving common goals. EY values teamwork, so demonstrating your collaborative spirit will resonate well with their culture.
We think you need these skills to ace Senior Consultant - Insurance Risk & Regulatory Advisory - FS Consulting
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in insurance risk and regulatory advisory. Emphasise your project management skills and any specific knowledge of the regulatory environment impacting insurers.
Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the role and how your background aligns with EY's objectives. Mention your proactive attitude and desire for personal and professional growth, as these qualities are highly valued.
Showcase Your Report Writing Skills: Since strong report writing is crucial for this role, consider including a brief example of a report or presentation you've created in the past. This will demonstrate your ability to articulate findings and recommendations effectively.
Prepare for Potential Questions: Think about how you would respond to questions regarding your experience with regulatory changes and risk management frameworks. Be ready to discuss specific examples that showcase your expertise and client management skills.
How to prepare for a job interview at EY
✨Understand the Regulatory Landscape
Familiarise yourself with the current regulatory environment affecting the insurance sector, including key regulations like Consumer Duty and FCA thematics. Being able to discuss these topics confidently will demonstrate your expertise and relevance to the role.
✨Showcase Your Project Management Skills
Prepare examples of your project management experience, particularly in a consulting context. Highlight how you've successfully led teams or managed engagements, as this is crucial for the Senior Consultant position.
✨Demonstrate Strong Communication Skills
Practice articulating complex ideas clearly and concisely, both in writing and verbally. You may be asked to present findings or recommendations, so being able to communicate effectively is essential.
✨Build Rapport and Network
During the interview, focus on building a connection with your interviewers. Show that you can develop relationships and networks, which is vital for client management and collaboration within teams.