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Insurance Regulation - Senior Manager job in London

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Company Name:  PwC
Location:  London
Country:  United Kingdom
Who we are looking for PwC's Assurance practice is growing their capability within the Insurance Regulatory space and is looking to recruit individuals at Senior Manager grade, who have relevant experience and knowledge of the insurance market to advise and deliver 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.

Background to the Insurance Regulatory Market Over the past 8 years, insurance regulatory projects have been largely related to understanding and implementing Solvency II. As the regulatory landscape shifts from Solvency II implementation, we continue to advise our clients on a wide range of prudential regulatory issues including Internal Model Approval Process, Model Validation and Risk Management Effectiveness as well as helping our clients understand the regulatory and capital implications of structuring and M&A deals.
With Brexit now firmly in insurers' minds, we continue to provide advice on European and global regulation, advising clients on their legal entity restructuring and rationalisation, authorisations and capital optimisation. The insurance deals market is also active and the regulatory aspects of due diligence are often some of the biggest hurdles that potential buyers need to clear in order to complete a transaction.

In addition, the value insurers offer to their clients and quality of their services and products continues to be scrutinised by the FCA's continued focus on the customer. Clients continue to focus on fair treatment of customers, governance over the distribution chain and implementation of the Insurance Distribution Directive early in 2018.
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 aim to provide autonomy for individuals to seek areas of focus, supporting development in those areas through on the job learning. You will also have access to PwC's market leading development framework in order to get full support through your personal development.
As the leading provider of professional services to the Insurance industry, PwC works with all of the leading insurers and also has a heavy presence in the mid-tier, broking, mutual, life and pensions and London markets. Through this we have an excellent understanding of the challenges which the industry is facing.

Responsibilities
  • Identifying and developing opportunities through marketing and sales activities and continuous client contact programmes with senior client staff
  • Supporting senior team members through the development of marketing and sales activities and continuous client contact programmes with executive level client staff
  • Relationship building and networking with clients and internally across PwC
  • Being a team leader on large and small engagements - leading a project team on client sites and day-to-day liaison with clients
  • Preparing and reviewing regulatory analysis and reports;
  • Being a 'subject matter expert' relating to regulatory services for clients
  • Identifying and documenting key systems and controls for demonstrating compliance with applicable regulations
  • Technical research, supporting the responses to consultation papers from relevant regulatory bodies,
  • Providing input to the debate on development and application of policy, participating in PwC's Thought Leadership.


Requirements The following skills are required for this role:
Essential skills:
  • Educated to degree level coupled with further accountancy or other professional qualifications (ACA, CIMA, CCA or equivalent)
  • Prior knowledge and experience of insurance sector, including a strong understanding of risk and capital management processes and procedures
  • Insurance or other FS regulation experience,
  • Strong client handling and relationship management skills are essential as well as experience in project management.
  • Experience of problem solving and being able to implement and deliver solutions tailored to a client's' needs
We may consider individuals who do not have insurance specific knowledge but who have broader Financial Services (FS) knowledge as there would be an appreciation for wider regulatory experience.

Desirable Skills:
Previous experience in a role auditing or supervising insurance companies would be particularly relevant
The range of technical skills our clients are looking for is broad. We need individuals with skills in one or several of the following areas:
  • An ability to understand, interpret and communicate complex regulation
  • Experience of regulatory capital
  • Project assurance and project management
  • Experience of model assurance and validation
  • Designing and reviewing regulatory disclosures and market reporting
  • Experience with risk management frameworks and governance
  • Understanding finance and risk process and controls
  • Specialist Solvency II insurance regulatory knowledge supporting the above and ability to apply it in partnership with tax, actuarial and restructuring specialists
Location
London

Assurance

Assurance is a dynamic place to be right now, and the variety of opportunities on offer is unprecedented. It's work that really does matter. It matters for businesses, governments and society at large. Our team provides confidence on the most complex decisions companies have to take and this provides a wealth of opportunities to everyone who joins us and works with us.

The skills we look for in future employees

All our people need to demonstrate the skills and behaviours that support us in delivering our business strategy. This is important to the work we do for our business, and our clients. These skills and behaviours make up our global leadership framework, 'The PwC Professional' and are made up of five core attributes; whole leadership, technical capabilities, business acumen, global acumen and relationships.

Learn more here www.pwc.com/uk/careers/experienced/apply

Diversity

We work in a changing world which offers great opportunities for people with diverse backgrounds and experiences. We seek to attract and employ the best people from the widest talent pool, as well as those who reflect the diverse nature of our society. And we aim to encourage a culture where people can be themselves and be valued for their strengths. Creating value through diversity is what makes us strong as a business and as an organisation with an increasingly agile workforce, we're open to flexible working arrangements where appropriate.

Learn more here www.pwc.com/uk/diversity
Industry:  Financial Services
09/13/2017
Job Ref:  18863BR
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