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Insurance Risk and Regulatory – Prudential Senior Manager

Employer
PwC
Location
London (Greater)
Salary
Competitive
Closing date
5 Feb 2023

View more

Salary band
Competitive
Contract type
Permanent
Hours
Full Time
Where will they be working?
Hybrid - mostly office
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Job Details

Who we are looking for


PwC's Risk Assurance practice is growing its capability within the Insurance Risk and Regulatory space and is looking to recruit individuals at Senior Manager grade. We are looking for individuals who have relevant experience and knowledge of prudential regulation in the insurance market to advise and
deliver regulatory change projects to our large number of clients in this sector.

PwC is the leading assurance and advisory firm in this space and our team is expanding and looking for additional talent to supplement the team with prudential and structuring knowledge and experience.

Background to the Insurance Regulatory Market in the UK

If successful, you will work on a range of exciting projects across many areas of the regulatory spectrum gaining a diverse understanding of the risks faced by insurers and provide advice on innovative solutions. As a team we work collaboratively on projects, often with colleagues from other specialisms. We also aim to empower individuals to seek areas of focus, supporting development in those areas through on the job learning and mentoring. You will also have access to PwC’s market leading development framework in order to get full support through your personal development.

Responsibilities


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

  • Leading teams on engagements – acting as team leader on engagements and being responsible for day-to-day liaison and building meaningful relationships with clients;

  • Being responsible for the production of regulatory analysis and reports, coaching others and reviewing / owning the end deliverable;

  • Whilst being agile and working across a range of different subjects and projects, it is usual for a senior manager to have or develop a specialism where you will become a ‘subject matter expert’ on aspects of regulation;

  • Designing and assessing key systems and controls for demonstrating compliance with applicable regulations based on own knowledge and experience;

  • Directing technical research, supporting responses to consultation papers from relevant regulatory bodies;

  • Managing and directing the development of marketing materials and sales activities and supporting more senior team members with marketing campaigns and client discussions;

  • Maintaining client contact programme with senior client staff, relationship building and networking with clients and internally across PwC; and

  • Participating in PwC’s Thought Leadership; taking a leading role in the development and delivery of client engagements.


Requirements


The following skills are required for this role:


Essential skills

  • 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 either a risk or regulatory 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; and

  • Experience in leading or supervising others to deliver multiple projects on time and to a high quality.


Desirable Skills

The range of technical skills our clients are looking for is broad. Whilst we welcome applications from all those who fit with the responsibilities and essential skills set out above, we particularly would welcome applicants with skills in one or several of the following areas:

  • Accounting or actuarial experience / qualifications;

  • Solvency II Pillar 3 reporting experience e.g. in producing or reviewing the content of QRTs, SFCRs, RSRs and ORSAs;

  • Experience in undertaking or reviewing regulatory processes e.g. approvals and notifications;

  • Knowledge / experience of capital management and/or capital structuring, including managing capital at Lloyd’s and the associated processes and requirements;

  • Knowledge / experience of modelling, maintaining or reviewing external credit ratings; and

  • Experience in designing, implementing or reviewing risk management frameworks for insurers.


Risk
Risk is all around us and in our complex world, is changing all the time. Our teams bring people from diverse backgrounds together, using their skills and cutting-edge technology, to help solve complex problems. We are pioneers in a world of changing risk and our market leading services build resilient organisations. Join us and together, we can support our clients to rethink risk.


Not the role for you?
Did you know PwC offers flexible career arrangements and contract work? Learn more.

The skills we look for
The PwC Professional is our global framework for defining and encouraging leadership at all levels. Learn more.

The Deal
‘The Deal’, our firmwide Employee Value Proposition’ empowers our people to be the best they can be. Learn more.

Our commitment to you
We’re committed to building a culture that empowers all of our people to thrive and feel a sense of belonging at PwC. Learn more.

Application support
If you’re a person with a disability, if you’re neurodivergent, or if you have a condition that you believe may affect your performance during our selection process, we’ll be happy to make reasonable adjustments to our processes for you. Learn more.

Company

Our values define how we do things. And our purpose is why we exist - now more than ever - to build trust in society and solve important problems for our clients and our communities. In a world we no longer recognise, we need to rely on the strength and agility of our people to help us to navigate these uncertain times.

We're committed to ensuring that care and our people's wellbeing remains central to our culture. While we may not know what’s ahead, we can do all we can to help shape the future. As we continue to navigate this unprecedented time, it’s important that we support our people, to help them take care of themselves and to ensure the right support is available when it’s needed.

For now, we ask you to join our talent network and stay in touch with what’s happening in real time, including new possibilities as they arise. Visit our website for more information on how we’re responding to this pandemic and what changes we’re making to our recruitment process. 

Stay safe and stay connected in this rapidly changing world.

PwC

Opportunities are at the heart of a career with us.   Opportunities for you to sharpen your skills, collaborate with experts, build lasting relationships and make an impact in a place where people, quality and value mean everything.

Our offer to you...

·         Be part of the world’s leading professional services network and enjoy the benefits that come with that.

·         Meet and collaborate with highly talented people from diverse backgrounds, developing new ways of thinking, creating value for you, for PwC and for our clients.

·         Work in a challenging and stimulating environment where you’ll be inspired to reach your full potential.

·         Identify and develop your skills, build on your existing strengths and discover new ones you didn’t know you had. Watch your expertise and influence grow with us.

 

The PwC deal

No matter which area of the business you choose to join, all offer the same deal.  The opportunity to grow as an individual, to meet new people, and build lasting relationships that will stay with you for life.  All whilst making an impact in a place where people, quality, and value, mean everything.  Your hard work will be rewarded with a competitive salary and a personally tailored benefits package.

 

What you need to bring to us

Your intellect, willingness to learn, ability to build relationships, put yourself in others’ shoes, while always making a positive impact with our clients and each other.

The skills, insights and connections you develop at PwC are career defining wherever your career may take you. It’s the opportunity of a lifetime. Take it.

 

 

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