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FSO - Consulting - BC - Insurance Risk (FSRM) - Manager/Sr.Associate - Hong Kong

Location:  Hong Kong
Other locations:  Primary Location Only
Salary: Competitive
Date:  Jun 6, 2024

Job description

Requisition ID:  1339644

FSO - Consulting - BC - Insurance Risk (FSRM) - Manager/Sr.Associate - Hong Kong

The opportunity

We are currently looking for individuals with experience working in the Insurance sector or advising Insurance clients and who possess strong risk management, regulatory and internal controls knowledge to join the Financial Services Risk Management team in EY


Your key responsibilities

  • As part of a team of professionals, provide advisory services to clients on the development and implementation of policies, systems and controls, and regulatory issues 
  • Provision of regulatory compliance, risk assessment, business process controls and operational projects, including the development of project plans and approach
  • Design, enhancement, implementation and review of risk and compliance programs
  • The assessment of enterprise-wide, operational and/or regulatory risk at all levels of the client’s corporate structure
  • Analyze client’s current business processes and understand their risk management environments
  • Assist clients in understanding and meeting regulatory requirements, including responding to the findings of regulatory examinations
  • Review policies and procedures against Hong Kong regulatory requirements and against international best practices, identify opportunities for enhancement, assist clients in developing an implementation strategy and resolve implementation issues
  • Maintain up-to-date knowledge of regulatory developments both locally and internationally
  • Develop business opportunities and potential openings with clients  


Skills and attributes for success

  • Experience in analyzing or advising clients / business stakeholders on current and emerging Hong Kong risk and regulatory matters will be a definite advantage
  • Ability to interact with executive levels of client and EY management



To qualify for the role you must have

  • University degree majoring in risk management, accounting, analytics, actuarial, information systems or business related subjects
  • Knowledge and hands-on experience with Hong Kong, APAC and global insurance regulations
  • Practical experience across disciplines such as enterprise risk / operational risk / conduct risk / third party risk / regulatory advisory / internal controls / regulatory risk management / risk analytics / risk and internal control frameworks
  • Experience in the financial services industry, preferably in a international accounting/advisory/consulting organization or multinational insurance company or insurance regulator
  • Knowledge in analyzing regulations and proposed regulatory changes
  • Excellent communication and presentation skills
  • Strong communication skills in English and Chinese (spoken and written) 


Ideally, you’ll also have

  • Working knowledge of Insurance Risk Based Capital regimes (Pillar 2 / ERM), Financial Risk, Product Risk, Own Risk and Solvency Assessment (ORSA), Stress and Scenario testing
  • An understanding of industry standards for internal controls / risk management such as COSO ERM/ICF, ISO 31000, COBIT etc
  • Experience using eGRC platforms such as RSA Archer, Metricstream, BWise, Refinitiv, Openpages etc
  • An understanding of insurance distribution models
  • Effective time management and project management, interpersonal and influencing skills are essential
  • Client-service oriented and accustomed to taking a proactive approach
  • Relevant professional qualifications such as HKICPA, CFA, FRM are preferred 
  • Strong project management and coordination skills 
  • An international outlook having worked for large multinational clients or across multiple geographies


What working at EY offers

  • 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


About EY

As a global leader in assurance, tax, transaction and consulting services, we’re using the finance products, knowledge and systems we’ve developed to build a better working world. That starts with a culture that believes in giving you the training, opportunities, and creative freedom to make things better. Whenever you join, however long you stay, the exceptional EY experience lasts a lifetime. And with a commitment to hiring and developing the most passionate people, we’ll make our ambition to be the best employer by 2023 a reality.


If you can confidently demonstrate that you meet the criteria above, please contact us as soon as possible.

Join us in building a better working world. 

Apply now.

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