Regulatory and Compliance Manager (Insurance) - Financial Services
EY
Machelen, Belgium
Published 2 months ago
Business Compliance
EY is the only major professional services firm with a dedicated financial services practice (EY FSO) integrated in the EMEIA region. An international team of over 16.000 professionals is working across borders for our clients in the financial sector: Banking, Insurance, Payment Institutions and Wealth & Asset Management, in all service lines: Consulting, Tax, Transactions and Assurance. As we consider our people as the heart of EY, we hire and develop the most passionate people in their field to build a better working world. This starts with a culture that believes in giving you the training, opportunities and creative freedom to make things better. So that, whenever you join, however long you stay, the exceptional EY experience lasts a lifetime.
The Opportunity
At EY Financial Services Organization (FSO) we have a strong Enterprise Risk Management team, and Regulatory and Compliance Consulting practice. Our dedicated professionals work with Insurance entities, helping them in being compliant with new or updated regulations (e.g. DORA, Solvency II review, IDD, IRRD) as well in organizing their control functions (i.e. compliance, non-financial risk management & permanent control).
We are currently seeking an experienced manager with regulatory and compliance background in the insurance industry to further expand our team!
Key Responsibilities
• Regulatory gap assessment and implementation: Implement new risk and regulatory requirements by performing gap assessments, building roadmaps, and translating risk or regulatory requirements into business needs. Support clients with implementing and embedding of identified gaps, according to the roadmap.
• Risk assessment: lead campaigns to identify and assess risks, propose mitigating actions and risk monitoring approaches, report results to entity's senior management.
• Internal Controlling: Improve the design of internal controls and monitor their effective implementation, using notably international standards and best market practices.
• Regulatory watch: update existing processes and build a regulatory monitoring program to ensure ongoing compliance with regulations.
• Lead projects and advise: Organize workshops with the client's teams to identify pain points, conduct analysis and propose remediations.
• Risk culture: Help to foster risk and compliance culture within an organization (workshops, awareness campaigns, trainings).
Skills and Attributes for Success
• Master's degree in economic / law / finance
• Strong interest in insurance
• Relevant experience (5 to 10 years) in a consulting role, or in Risk and Compliance position, within insurance services sector
• Expertise and experience in specific regulations applicable to the relevant financial sector (e.g.: Solvency II, IDD, Belgian Insurance Law, GDPR, ESG, DORA, Corporate Governance, Remuneration policies...)
• Flexible mindset, with a creative approach and ability to think out-of-the-box and good stakeholder management experience
• Process-minded, problem solving skilled, organized, with an eye for detail and excellent analytical skills
• Excellent written and verbal communication & presentation skills, with capacity to summarize & prioritize the information to be reported to management
• Fluency in Dutch and/or French and proficient level of business English
• Strong team spirit, balanced by a healthy sense of autonomy
What working at EY Offers
• You will be part of a leading global professional services firm.
• You will be part of the EY family where everyone is willing to offer support and senior management is very accessible.
• You will join a dynamic and growing team with a great mix of young and experienced professionals focusing on financial services.
• You will get extensive trainings on technical matters, as well as soft skills and project management, and you will have access to new technologies and innovative equipment.
• We are proud of our flexible working arrangements, and we will support you to build a successful career and deliver excellent client service, without sacrificing your personal priorities.
• While our client-facing profession might require part-time working at client site and business traveling at times, we are committed to helping you achieve a lifestyle balance.
The Opportunity
At EY Financial Services Organization (FSO) we have a strong Enterprise Risk Management team, and Regulatory and Compliance Consulting practice. Our dedicated professionals work with Insurance entities, helping them in being compliant with new or updated regulations (e.g. DORA, Solvency II review, IDD, IRRD) as well in organizing their control functions (i.e. compliance, non-financial risk management & permanent control).
We are currently seeking an experienced manager with regulatory and compliance background in the insurance industry to further expand our team!
Key Responsibilities
• Regulatory gap assessment and implementation: Implement new risk and regulatory requirements by performing gap assessments, building roadmaps, and translating risk or regulatory requirements into business needs. Support clients with implementing and embedding of identified gaps, according to the roadmap.
• Risk assessment: lead campaigns to identify and assess risks, propose mitigating actions and risk monitoring approaches, report results to entity's senior management.
• Internal Controlling: Improve the design of internal controls and monitor their effective implementation, using notably international standards and best market practices.
• Regulatory watch: update existing processes and build a regulatory monitoring program to ensure ongoing compliance with regulations.
• Lead projects and advise: Organize workshops with the client's teams to identify pain points, conduct analysis and propose remediations.
• Risk culture: Help to foster risk and compliance culture within an organization (workshops, awareness campaigns, trainings).
Skills and Attributes for Success
• Master's degree in economic / law / finance
• Strong interest in insurance
• Relevant experience (5 to 10 years) in a consulting role, or in Risk and Compliance position, within insurance services sector
• Expertise and experience in specific regulations applicable to the relevant financial sector (e.g.: Solvency II, IDD, Belgian Insurance Law, GDPR, ESG, DORA, Corporate Governance, Remuneration policies...)
• Flexible mindset, with a creative approach and ability to think out-of-the-box and good stakeholder management experience
• Process-minded, problem solving skilled, organized, with an eye for detail and excellent analytical skills
• Excellent written and verbal communication & presentation skills, with capacity to summarize & prioritize the information to be reported to management
• Fluency in Dutch and/or French and proficient level of business English
• Strong team spirit, balanced by a healthy sense of autonomy
What working at EY Offers
• You will be part of a leading global professional services firm.
• You will be part of the EY family where everyone is willing to offer support and senior management is very accessible.
• You will join a dynamic and growing team with a great mix of young and experienced professionals focusing on financial services.
• You will get extensive trainings on technical matters, as well as soft skills and project management, and you will have access to new technologies and innovative equipment.
• We are proud of our flexible working arrangements, and we will support you to build a successful career and deliver excellent client service, without sacrificing your personal priorities.
• While our client-facing profession might require part-time working at client site and business traveling at times, we are committed to helping you achieve a lifestyle balance.