Insurance Risk and Regulatory Consultant - Manager

About the role

Background to the Insurance Regulatory Market

The regulatory environment for the UK insurance industry is continually evolving. Firms have had to adapt to changes arising from Brexit, Covid-19 challenges, economic slowdown, increased volatility, and inflation. Regulatory expectations are also shifting, with the implementation of Consumer Duty, Solvency UK reforms, and new rules on recovery and resolution planning.

Insurers, intermediaries, and investors seek to grow by expanding products, services, and markets through both organic and inorganic means. Companies are optimizing their operations using new technologies, efficient processes, and capital models. They need support to navigate regulations and achieve commercial goals, making insurance more accessible. Clients value our knowledge, insights, and regulatory relationships.

As a leading provider of professional services to the UK insurance industry, PwC collaborates with top insurers on diverse projects, offering innovative solutions. Our team works collaboratively, empowering individuals to focus on areas of interest with on-the-job learning and mentoring. PwC's development framework supports personal growth.

What your days will look like:

The responsibilities will vary depending upon the client and the engagement profile. Amongst others, you will be:

• Building meaningful relationships with clients and internally across the PwC network through client engagements and networking;
  
• Being the main client contact and lead manager on engagements, or supporting more senior team members in this role on larger or more complex projects;
  
• Coaching more junior team members and reviewing their work;
  
• Preparing regulatory analysis and reports;
  
• Being agile and working across a range of different subjects and projects;
  
• Developing specialist regulatory knowledge and supporting our subject matter experts in delivering insight and expertise in areas of regulation, potentially moving towards being a subject matter expert yourself;
  
• Identifying and assessing key controls for demonstrating compliance with applicable regulations;
  
• Technical research, analysing current and emerging regulation and supporting an assessment of their impact on a client or the sector generally;
  
• Communication of regulatory findings, verbally and written, to clients in a pragmatic and helpful manner;
  
• Supporting senior team members in identifying and developing opportunities through marketing and sales activities and client contact programmes with senior client staff.
  

This role is for you if you have:

• Prior knowledge of the insurance sector, including a strong understanding of prudential regulation (Solvency II) and regulatory expectations faced by insurers;
  
• Experience advising, supervising or working for insurers in a risk, regulatory or capital & reporting capacity;
  
• An ability to understand, interpret and communicate complex prudential regulation to a range of audiences;
  
• Strong client handling and relationship management skills;
  
• Strong written and verbal communication skills;
  
• Experience of problem solving and ability to implement and deliver solutions tailored to clients' needs;
  
• Ability to manage and deliver against deadlines while working on multiple projects.
  

What you'll receive from us:

No matter where you may be in your career or personal life, ourare designed to add value and support, recognising and rewarding you fairly for your contributions.

We offer a range of benefits including empowered flexibility and a working week split between office, home and client site; private medical cover and 24/7 access to a qualified virtual GP; six volunteering days a year and much more.

Location: London, GB

Posted Date: 9/19/2024