The Opportunity
EY’s Financial Services practice is a unique industry-focused business unit that provides a broad range of integrated services to financial institutions and other capital markets participants, including banks, insurers and asset managers. We also work extensively with governments and regulators around the world. EY UK’s Regulatory Insight Team operates across EMEIA and globally to provide deep regulatory expertise. Our aim is to deliver the latest in regulatory thinking to clients in the UK and internationally. Our objective is to be market leading in the space where strategy, regulation and technology come together, looking at the regulatory agenda ahead and helping clients both comply with regulation, but also think about the design and delivery of regulation. We work closely with teams across EY delivering strategy, compliance, risk, financial crime and technology solutions. The team reports to Chris Woolard CBE, who is a partner at EY, member of the LLP Board and chairs EY’s Global Regulatory Network. Chris was interim CEO at the Financial Conduct Authority and also served on the Bank of England Financial Policy Committee, IOSCO Board and FSB Strategic Risk Committee.
Key Responsibilities
We have vacancies for a director role. You will be expected to cover the regulatory waterfront, in both conduct and prudential, but in particular the following areas are of particular importance: Prudential policy and insurance.
As a Director within the Regulatory Insights Team, typical engagements you can expect to be involved in include designing or reviewing:
- Developing long-term views of the strategic direction of regulation
- Changing regulation (eg Duty of Care, insurance pricing)
- Innovative business models and fit with regulation
- Developing regulatory models overseas
- Senior manager appointments
- Approaches to authorisation
- Rapid communications for clients on changes to regulation
- Providing a centre of excellence internally for regulatory reviews like s166s
The successful candidate will be expected to:
- Play a significant role in the delivery of our engagements to clients through the articulation of EY findings, conclusions and recommendations in writing or verbally
- Take responsibility for engagement planning and management on a day-to-day basis
- Act as day-to-day lead on client site, managing teams where required
- Own the analysis of emerging issues, the articulation of an EY point of view and the development of an EY proposition on agreed topics
- Where needed, lead the proposals process for new client opportunities
- Develop client relationships and utilise your network to identify opportunities for EY to perform additional services
- Work effectively as a team member sharing responsibility, providing support and updating senior members on progress
- Mentor staff and conduct performance reviews and contribute to performance feedback for staff
- We are looking for individuals who have a proactive attitude and are seeking the opportunity for personal and professional growth.
Skills and attributes for success
- Knowledge and experience of financial regulation
- Excellent client liaison and communication skills as well as commercial awareness
- Ability to develop new business opportunities for the regulatory team (or other EY colleagues) to deliver
- Strong project management experience
- Ability to work in a client-facing and consulting role, with the ability to build networks and relationships
- There will be opportunity to travel in this role and to work across borders
Qualifications
To qualify for the role you must have:
- Experience of working at senior level preferably as a regulator, or in regulatory affairs or regulatory consulting in another advisory firm
- Experience of managing and developing people through effectively supervising, coaching, and mentoring will be required.
- Up-to-date knowledge of the regulatory environment
Ideally you’ll also have:
- Strong written and verbal communication skills for report writing and client presentations
- Ability to prioritise and challenge
What working at EY offers
We offer a competitive remuneration package where you’ll be rewarded for your individual and team performance. Our comprehensive Total Rewards package includes support for flexible working and career development, and with FlexEY you can select benefits that suit your needs, covering holidays, health and well-being, insurance, savings and a wide range of discounts, offers and promotions. Plus, we offer:
- Support, coaching and feedback from some of the most engaging colleagues around
- Opportunities to develop new skills and progress your career
- The freedom and flexibility to handle your role in a way that’s right for you
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