This website uses cookies to ensure you get the best experience. Learn more

Insurance Risk and Regulatory Advisory - Senior Consultant



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 Insurance Risk & Reg team combined with the actuarial team is the largest in EMEIA and have a market leading position in risk management, leading on many Solvency II and enterprise risk management engagements with large multinational clients.


The EY Enterprise Risk Services practice delivers sustainable benefits to our clients though enhancing business decisions using improved and effective risk management.


The opportunity


As a consultant within the Risk and Regulatory Advisory team in Insurance your typical engagements supported by our insurance professionals include:


  •  Design and review of end-to-end risk management frameworks
  • Design and review of governance and organisational structure

  • Support firms as they prepare for Brexit

  • Risk management culture and effectiveness design and review


Key Responsibilities:

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

  • Responsible for engagement planning, management, and leading small teams in insurance engagements

  • Lead EY work on-site on a day to day basis

  • Support bids and proposals for new client opportunities and grow existing valued relationships

  • 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

  To qualify for the role you must have:


  • Typically 3+ years experience of General and/or Life Insurance risk experience at a major insurer, broker or intermediary, PRA  or another Advisory firm
  •  Knowledge and experience of risk management frameworks in insurance organisations
  • Up to date knowledge of the regulatory environment impacting insurers
  •  Strong project management experience ideally relating to risk projects in insurance businesses

  • Strong academic background at least a 2:1 within a Bachelor's degree (or equivalent) in a business, actuarial or finance related degree


Ideally you will also have

  • Robust presentation skills and professionalism
  • Report writing and presentations skills

  • 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 working at EY offers 


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 FlexEY 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

About EY


As a global leader in assurance, tax, transaction and advisory services, we’re using the finance products, expertise and systems we’ve developed to build a better working world. That starts with a culture that believes in giving you the training, opportunities and creative freedom to make things better. Whenever you join, however long you stay, the exceptional EY experience lasts a lifetime. And with a commitment to hiring and developing the most passionate people, we’ll make our ambition to be the best employer by 2020 a reality.


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.


Who we are


EY is committed to being an inclusive employer and we are happy to consider flexible working arrangements. We strive to achieve the right balance for our people, enabling us to deliver excellent client service whilst allowing you to build your career without sacrificing your personal priorities. While our client-facing professionals can be required to travel regularly, and at times be based at client sites, our flexible working arrangements can help you to achieve a lifestyle balance


 Please note: Prior to finalizing your application, you will be asked to provide personal information across several dimensions of diversity and inclusiveness. The information you provide is kept entirely confidential and will not be used to evaluate your candidacy. We collect this data to help us analyse our recruitment process holistically and implement actions that promote diversity and inclusiveness. While optional, we encourage you to provide this information to hold us accountable towards our goal of building a better working world. We ask because it matters!


Apply Now

Share this