Manager, Internal Audit, Insurance
EY
Our Financial Services Consulting practice encompasses a wide range of assurance services across our different sectors. You will gain a deep understanding of our clients’ businesses and their financial accounts, drawing on your experience to provide options and recommendations to management and the board. We mirror our clients’ global operations, so be prepared to travel and explore business in new places.
Our Internal Audit team aims to provide confidence to our clients and their stakeholders through the rigorous independent assessment of process and controls. This is done through the appropriate use of assurance skills, robust audit and other methodologies coupled with industry insight in Financial Services.
The opportunity
Our Internal Audit Practice provide ongoing assurance to regulators, management and directors on the governance and controls around processes that do not impact the financial statements. To date, our Insurance Sector teams have focused predominantly on providing assurance through Internal Audits, providing comprehensive risk services through a suite of strategic, outsourcing, and industry-focused operational recommendations that help companies around the world evaluate and enhance their internal audit and risk management functions.
We are now looking to expand the capabilities of the Insurance Sector Internal Audit Practice by building a new team that will provide assurance on a broader range of regulatory topics, both Conduct and Prudential in nature. This team is expected to enhance and compliment the capabilities of the wider Internal Audit Practice to better serve our clients’ needs at a time when regulatory scrutiny and change is often at the top of their agenda.
Your key responsibilities
Your key responsibility will be to help clients achieve their potential - and you can expect to do the same. As part of a supportive team, you'll have every opportunity to progress and build knowledge that will make a difference to your CV - and to your entire career.
We have an opportunity for a dedicated team player with a great work ethic and excellent professional skills for the role of Manager focusing on the Insurance industry. Working as part of a team that is expected to witness rapid growth over the next few years, you will be responsible for delivering client engagements to plan, on budget and to a high quality.
Skills and attributes for success
- Planning and delivering assurance engagements that meet the clients’ needs and expectations
- Managing day-to-day client relationships and expectations by delivering value and providing knowledge and insight for improving their business.
- Ensuring client deliverables meet with internal Service Quality Standards.
- Maintaining active communication with both partners/directors and clients to manage expectations and ensure client satisfaction.
- Understanding our service offerings and actively identify opportunities to better serve clients.
- Assisting partners/directors with generating new business opportunities and building client networks and relationships.
- Contributing to Thought Leadership articles published internally and externally.
- Contributing to people initiatives including recruiting, retaining and training colleagues.
- Assisting partners/directors with the development of client proposals and engagement contracts
- Overseeing and coaching junior colleagues
To qualify for the role, you must have
- Strong academic record including at least a 2.1 classified degree or equivalent, a professional qualification would be advantageous
- Good understanding of the insurance industry and the role of key functions within an insurance company and/or broker, including:
- Front Office – Marketing & Financial Promotions, Sales & Distribution, Claims Management, and Complaints Management.
- Middle Office – Underwriting & Pricing, Product Development and Governance, Underwriting Operations, Policy Operations, Claims
- Processing, Reinsurance & Risk Transfer, and Billing & Collection
- Back Office – Finance, Actuarial, Capital, Strategy, Risk, Governance, Legal, Compliance, Information Technology, Human Resources, Procurement, and Regulatory Affairs.
- Solid understanding and experience of regulation and compliance, either as a result of working for one or more regulatory bodies or from working in a compliance role for an insurer or broker. Relevant regulatory topics include (but are not limited to):
- Product Pricing
- Governance and Fair Value
- Corporate Governance and Board Effectiveness
- Delegated Authority and Outsourcing
- Senior Managers and Certification Regime (SMCR)
- Operational Resilience
- Client Assets (CASS)
- Risk Management
- Customer Vulnerability
- Complaints
- Solvency II
- Project management experience, a Project Management qualification would be advantageous
- Experience of performing reviews against regulatory requirements and expectations
- Good understanding and experience of using standard IT platforms and software packages, such as Microsoft Word, PowerPoint, Excel, SharePoint and Outlook.
Ideally, you’ll also have
- Business consulting experience, with client liaison experience and strong commercial awareness
- Regulatory supervision knowledge or experience of supervisor’s activity on key regulatory topics
- Experience of risk assessment, mitigation and remediation
- Confident and credible communicator who displays both technical knowledge and commercial understanding.
What we are looking for
We are looking for assurance professionals, who have a strong background in Financial Services. Candidates should have experience of working in Internal Audit, Risk, Compliance and / or controls projects either as an auditor / advisor / regulatory supervisor or within industry.
Join us and you'll work on challenging projects and accelerate your career within an international and supportive team. You'll also be introduced to career challenges that will take you into exciting new professional territory.
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:
- Continuous learning: You’ll develop the mindset and skills to navigate whatever comes next.
- Success as defined by you: We’ll provide the tools and flexibility, so you can make a meaningful impact, your way.
- Transformative leadership: We’ll give you the insights, coaching and confidence to be the leader the world needs.
- Diverse and inclusive culture: You’ll be embraced for who you are and empowered to use your voice to help others find theirs.
If you can demonstrate that you meet the criteria above, please contact us as soon as possible.
The exceptional EY experience. It’s yours to build.
Apply now.
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