Manager, Insurance Risk & Regulatory Advisory

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 clients by enhancing business decisions through 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. The team offers both breadth and depth in Regulatory/Compliance and Risk Management initiatives, ranging from advising on specific elements of Conduct or Risk Management Frameworks to delivering full Risk and Compliance Transformation programmes in collaboration with multiple EY teams.

Your key responsibilities

As a Manager within the Insurance Risk & Regulation Team, you will be involved in engagements such as:

• Designing or reviewing Risk Management Frameworks, Governance arrangements, Risk Appetite, Control frameworks, Risk MI & Reporting, Risk Management Culture, Risk Function Operating models, and AI Risk Management (Risk focussed roles).
• Developing Compliance Target Operating Models, Monitoring, Conduct frameworks, Control frameworks, Governance arrangements, Complaint handling, MI & Reporting, and Risk Management Culture (Regulatory focussed roles).

You will:

• Contribute to EY findings, conclusions, and recommendations in writing or verbally.
• Support analysis of emerging issues and develop EY propositions.
• Manage engagement planning and lead small teams in insurance engagements.
• Work effectively as part of a team, sharing responsibility and updating senior members.
• Mentor staff, conduct performance reviews, and contribute to performance feedback.
• Support bids and proposals to grow client relationships.

Skills and attributes for success

• Excellent stakeholder management and communication skills.
• Strong project management experience.
• Ability to prioritize and challenge.
• Strong academic background.
• Ability to build networks and relationships.
• Strong written and verbal communication skills.
• Proactive attitude.

To qualify for the role you must have

• Experience in a Risk & Compliance team within a General or Life Insurer or delivering Risk & Regulatory services for an advisory firm.
• Knowledge of Risk Management Frameworks in Insurers.
• Up-to-date knowledge of regulatory environment impacting Insurers.

What we look for

We seek individuals passionate about advancing their careers in Insurance and transforming the financial services industry. Relevant advisory experience, a passion for industry change, and drive to help businesses achieve potential are essential for this role.