Manager, Insurance Sector, Financial Services Risk Management

  • Company:
    Ernst & Young Global Limited
  • Location:
  • Salary:
    negotiable / month
  • Job type:
    Full-Time
  • Posted:
    1 day ago
  • Category:
    Finance

TheCovid-19 pandemic is creating seismic challenges around the world. Our purpose,to build a better working world, has never been more important. Life at EY hasbeen transformed dramatically but our strong culture of flexible and remoteworking has helped EY people navigate new ways of working and remain connectedwith each other and our clients.

Abetter working world truly starts with the people at EY who are building itevery day. Now more than ever we need talented people from diverse backgroundsto help our clients navigate the complexities of this Transformative Age:people with the passion, curiosity and drive to make things better.

The opportunity

  • Lead diverse, highly motivated andcollaborative team
  • Be part of a high-performing, diverse teambuilt with a supportive culture
  • Work with a team of collaborators, innovatorsand the brightest minds in the industry to develop and grow your industryinsights
  • We are looking for a Manager within theFinancial Services Risk Management team in our Sydney office. This role isoffered on a full-time basis.

    EY’s Financial Services practice is aunique industry-focused business unit that provides a broad range of integratedservices to financial institutions and other capital markets participants,including commercial banks, investment banks, asset managers, insurance andsuperannuation companies.

    The EY Australian Insurance Risk team,works closely with the actuarial and other specialist risk teams, and aremarket leaders in all aspects of governance, regulatory and risk management,compliance, accountability, conduct and culture. Our clients are largemultinationals, conglomerate groups and domestic insurers within the Life, General,health and government insurance sector. The team delivers sustainable benefitsto our clients though enhancing business decisions using improved and effectiverisk management.

    Our growing team of professionals comefrom a diverse background, all committed to being long term trusted advisors toour clients.

    The insurance CRO agenda is evolvingrapidly. As the outcome of the Royal Commission and other industry reviews areimplemented, industry rationalisation takes place and business transformationalactivities are delivered, there is significant opportunity for our team tosupport our clients to clearly articulate their vision for better-practiceenterprise risk management.

    Our clients are managing wide-rangingrisk transformation and regulatory change agendas along with steering thebusiness through the COVID-19 impacts. These range from organisational cultureand design, enhancement of risk appetites, flow of information and riskidentification, and how companies respond to information received across the entirevalue chain including sales and distribution, product and operations, as wellas claims handling. It is from here that companies can then be advised onspecific elements of the framework in more detail, from modelling and managingspecific risks to designing detailed management information, ultimatelyperforming a full transformation programme for our clients, using all EY’sadvisory services.

    Our objective is to be market leadingon the CRO agenda and the aim of this role is to continue to build and deliverthat market leadership in this area.

    Your key responsibilities

  • Design and review of end-to-end riskmanagement frameworks
  • Design and review of governance andorganisational structure
  • Support firms as they prepare for regulatorychange including implementation of the product design and distributionobligations and the evolution of complaints management
  • Risk management culture and effectivenessdesign and review
  • Contribute to the articulation of EYfindings, conclusions and recommendations in writing or verbally
  • Support the analysis of emerging issues, the creationof 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 clientopportunities and grow existing valued relationships
  • Work effectively as a team member sharingresponsibility, providing support and updating senior members on progress
  • Mentor staff andconduct performance reviews and contribute to performance feedback for staff
  • Skills and attributes for success

  • Typically, 5+ years of General and/orLife Insurance risk experience at a major insurer, intermediary, Regulator oranother Advisory firm
  • Knowledge and experience of riskmanagement frameworks in insurance organisations
  • Up to date knowledge of the regulatoryenvironment impacting insurers and other financial services organisations
  • Experience of managing and developingpeople through effectively supervising, coaching, and mentoring will berequired
  • Strong academic background with abachelor’s degree ideally business, actuarial or finance related supplementedideally with a professional qualification
  • Excellent writtenand verbal communication skills for report writing and client presentations
  • Up to dateknowledge of the regulatory environment impacting insurers and other financialservices organisations
  • Ideally, you’ll also have

  • Strong project management experience ideally relating to risk projects in insurance businesses
  • Knowledge, or experience of management andregulatory activity on risk management related matters in insurance firms wouldbe advantages
  • Client management skills and ability to build and develop networks and relationships
  • Ability to prioritise and challenge
  • Business consulting experience, withexcellent client liaison and communication skills as well as commercialawareness
  • A proactive attitude and are seekingthe opportunity for personal and professional growth
  • Who are FSO?

    EY are the onlyprofessional services organisation offering a separate team dedicatedexclusively to the financial services market. Join the Financial ServicesOrganisation (FSO) and you will work with multi-disciplinary teams from aroundthe world to deliver a global perspective to a range of high profile companies.We provide a highly integrated team, combining the knowledge from across ourservice lines to provide advice and guidance to key industry groupsincluding wealth and asset management, banking, capital markets andinsurance.

    Apply and see where a career with FSOcan take you!

    What working atEY offers

    We offer a competitive remuneration package where you’ll be rewarded foryour performance. In addition, our comprehensive Total Rewards package can be tailored to your individual needs,to give you the freedom to manage your role in a way that’s right for you. Thisincludes;

  • a variety of flexibleworking and leave arrangements
  • personalised careerdevelopment including coachingand support to help you build your career and access to formal learning so youcan develop the skills you’ll need to thrive in the future
  • arange of tools and benefits to guide and support your health and wellbeingthroughout your entire EY career
  • About EY 

    At EY, we hold a collective commitment tofoster an environment where all differences are valued and respected, practicesare equitable and everyone experiences a sense of belonging. Through ourinclusive leadership behaviours, a variety of internal networks, flexibleworking and mentoring programs, you will have the support and flexibility tobuild an exceptional career.

    We understand the importance of socialdistancing at this time so our recruitment and onboarding process will bemanaged virtually so we can continue to prioritise the safety and wellbeing ofEY people, clients, guests and the broader public.

    Theexceptional EY experience. It’s yours to build.

    Apply now. 

    Thepreferred applicant will be subject to employment screening by EY or by theirexternal third party provider.

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