Other locations: Anywhere in Country
Date: 5 Jan 2025
Requisition ID: 1445642
EY is the only major professional services firm with a dedicated financial services practice (EY FSO) integrated in the EMEIA region. An international team of over 16,000 professionals is working across borders for our clients in the financial sector: Banking, Insurance, Payment Institutions and Wealth & Asset Management, in all service lines: Consulting, Tax, Transactions and Assurance. As we consider our people as the heart of EY, we hire and develop the most passionate people in their field to build a better working world. This starts with a culture that believes in giving you the training, opportunities and creative freedom to make things better.
The Opportunity
At EY Financial Services Organization (FSO) we have a strong Enterprise Risk Management team, and Regulatory and Compliance Consulting practice. Our dedicated professionals work with Insurance entities, helping them in being compliant with new or updated regulations (e.g. DORA, Solvency II review, IDD, IRRD) as well in organizing their control functions (i.e. compliance, non financial risk management & permanent control). We are currently seeking an experienced manager with regulatory and compliance background in the insurance industry to further expand our team!
Key Responsibilities
1. Regulatory gap assessment and implementation: Implement new risk and regulatory requirements by performing gap assessments, building roadmaps, and translating risk or regulatory requirements into business needs. Support clients with implementing and embedding of identified gaps, according to the roadmap.
2. Risk assessment: lead caigns to identify and assess risks, propose mitigating actions and risk monitoring approaches, report results to entitys senior management.
3. Internal Controlling: Improve the design of internal controls and monitor their effective implementation, using notably international standards and best market practices.
4. Regulatory watch: update existing processes and build a regulatory monitoring program to ensure ongoing compliance with regulations.
5. Lead projects and advise: Organize workshops with the clients teams to identify pain points, conduct analysis and propose remediations.
6. Risk culture: Help to foster risk and compliance culture within an organization (workshops, awareness caigns, trainings).
Skills and Attributes for Success
1. Masters degree in economic / law / finance
2. Strong interest in insurance
3. Relevant experience (5 to 10 years) in a consulting role, or in Risk and Compliance position, within insurance services sector
4. Expertise and experience in specific regulations applicable to the relevant financial sector (e.g.: Solvency II, IDD, Belgian Insurance Law, GDPR, ESG, DORA, Corporate Governance, Remuneration policies)
5. Flexible mind