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Risk & Regulatory Transformation Manager – Insurance
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Risk & Regulatory Transformation Manager – Insurance
Location: London – Hybrid
Employment Type: Full-time
Base Salary: £82,005
Total Cash Package: Up to £110,000, including personal and company bonuses
Sector: Financial Services Consulting | Insurance | Risk & Compliance
Overview
Our client is a growing management consultancy that helps organisations translate strategy into sustainable change. The business is known for its collaborative, pragmatic and delivery-focused approach, providing employees with meaningful responsibility, professional development and exposure to complex transformation programmes.
Our client is seeking a Risk & Regulatory Transformation Manager to join its Financial Services practice. The successful candidate will lead high-impact risk, regulatory and controls transformation engagements for leading insurance organisations.
This position offers the opportunity to work directly with senior stakeholders, shape client engagements, develop market propositions and contribute to the continued growth of the Insurance Risk capability. The role is particularly suited to an experienced management consultant with strong insurance sector knowledge and a proven track record of delivering complex transformation programmes.
Our client is currently unable to provide visa sponsorship. Applicants must have the right to work in the UK without requiring sponsorship now or in the future.
Responsibilities
- Lead the end-to-end delivery of risk, regulatory and controls transformation programmes within the insurance sector.
- Deliver regulatory change programmes relating to areas such as Consumer Duty, IFRS 17, Solvency II and evolving FCA and PRA expectations.
- Support operational resilience, stress testing and scenario analysis initiatives.
- Lead the design and implementation of risk transformation programmes and target operating models across governance, people, processes and technology.
- Advise clients on enterprise risk management frameworks, governance structures, regulatory compliance and risk operating models.
- Help clients strengthen their controls, assurance, conduct risk and enterprise risk management capabilities.
- Develop market propositions and define how the Insurance Risk offering is positioned and taken to market.
- Produce thought leadership and market perspectives on emerging risk, regulatory and insurance industry trends.
- Build and manage trusted relationships with senior stakeholders, including C-suite executives.
- Facilitate complex decision-making and provide constructive challenge to senior client teams.
- Contribute to business development activities, including proposals, RFP responses, client pitches and account growth.
- Lead collaborative, high-performing consulting teams across complex client engagements.
- Coach and develop junior consultants, supporting their performance, capability and career progression.
- Contribute to a culture of sustainability, ethical decision-making and responsible business practices.
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Requirements
- Six to eight years of professional experience within a management consulting environment.
- Previous experience with a leading consultancy or professional services firm is strongly preferred.
- Extensive experience working with insurance organisations and a strong understanding of the insurance value chain, including underwriting, pricing, claims and reinsurance.
- Knowledge of the wider insurance ecosystem, which may include personal lines, commercial insurance, the London Market and managing general agents.
- Strong knowledge of enterprise risk management frameworks and practices.
- Detailed understanding of relevant regulatory frameworks, including FCA and PRA requirements, Solvency II, Consumer Duty and IFRS 17.
- Experience across risk disciplines such as operational risk, conduct risk, controls and enterprise risk management.
- Proven experience delivering risk, regulatory, controls or compliance-focused transformation programmes.
- Experience delivering operational resilience, regulatory change or risk transformation initiatives.
- Experience designing and implementing target operating models across governance, people, processes and technology.
- Experience working within agile or hybrid delivery environments and applying structured delivery methodologies.
- Strong stakeholder management skills, with the confidence to influence and challenge senior executives.
- Demonstrable commercial acumen, including proposition development, proactive business development and sales support.
- Experience leading and developing teams within complex or matrix-managed environments.
- Excellent communication, facilitation and problem-solving skills.
- A collaborative mindset and a strong commitment to delivering sustainable client outcomes.
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Desirable:
- Familiarity with risk management technology, controls frameworks or data-led risk and reporting environments.
- Experience supporting insurance organisations through large-scale regulatory or operating model change.
Benefits
- Base salary of £82,005.
- Total cash package of up to £110,000, comprising base salary and personal and company bonuses paid every six months.
- 25 days of annual leave, increasing by one day for each completed year of service up to a maximum of 30 days.
- Option to buy or sell up to five days of annual leave each year.
- Private medical insurance.
- Life assurance.
- Group personal pension scheme.
- Access to a range of discounted lifestyle and wellbeing benefits.
- Enhanced parental pay and family-friendly policies.
- Flexible working arrangements and paid time off for family commitments.
- Access to employee networks, professional communities and inclusion initiatives.
- A transparent performance and promotion framework without fixed promotion quotas or forced performance distribution.
- Structured professional development, leadership opportunities and exposure to senior client stakeholders.
- Hybrid working, with time split between the London office, home and client locations.
Our client is committed to creating an inclusive working environment in which individuals from all backgrounds are respected, supported and able to succeed. Applications are encouraged from candidates with diverse experiences, identities and perspectives.
Application Process
Please submit an up-to-date CV outlining your consulting experience, insurance sector expertise and delivery experience across risk, regulatory or controls transformation.
Suitable applicants will be contacted to discuss the opportunity and the next stages of the recruitment process.
Applicants must have the permanent right to work in the UK. Visa sponsorship is not available for this position.
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