Senior Manager - Governance, Risk and Regulatory Conduct (Insurance Risk)

Ideas People Trust

We're BDO. An accountancy and business advisory firm, providing the advice and solutions entrepreneurial organisations need to navigate today's changing world.

We work with the companies that are Britain's economic engine - ambitious, entrepreneurially-spirited and high growth businesses that fuel the economy - and directly advise the owners and management teams that lead them.

We'll broaden your horizons

Our Advisory team provide a wide variety of services that deliver value-led advice and outcomes. They have an in-depth knowledge of business, industry sectors and markets and understand the constantly changing risks and opportunities at the heart of our clients' affairs. The team work across strategy, operations and improvement as well as at a transactional and defined project level. From technology to risk advisory, they're experts in following through on top-level instructions and resolving the finer details - all in one straight-forward package. When you join them, you'll work on some of the world's most exciting financial operations and business deals, building your experience and expertise alongside the brightest minds in the industry.

We'll help you succeed

Leading organisations trust us because of the quality of our advice. That quality grows from a thorough understanding of their business, and that understanding comes from working closely with them and building long-lasting relationships.

You'll be someone who is both comfortable working proactively and managing your own tasks, as well as confident collaborating with others and communicating regularly with senior managers, directors, and BDO's partners to help businesses effectively. You'll be encouraged to identify and draw attention to opportunities for enhancing our delivery and providing additional services to organisations we work with.

Our Governance, Risk and Regulatory Conduct Team sits within our Financial Services Advisory Practice and focusses on providing tailored advice to firms on conduct of business rules applicable to various firm types within the financial services sector. This role would have a focus on our Insurance Sector clients (current and perspective) with a particular depth of knowledge and experience required in respect of applicable Prudential Regulation.

As a Senior Manager in the team, you will have the opportunity to work on and manage a variety of projects in relation to governance, risk management, compliance, and conduct risk reviews, including Skilled Person reviews (Section 166 reviews), review and recommend reviews and other internal control and assurance reviews.

The Senior Manager role involves leading the planning of assignments, managing the delivery of the work and developing junior team members. A Senior Manager will also support Directors and Partners with developing and maintaining deep client relationships, business development and assisting with the wider team's strategy. You will have the opportunity to develop further your technical, regulatory as well as insurance sector knowledge.

You'll be someone with:

• Significant risk, governance and regulatory conduct experience working within professional services, an insurance firm or a Regulatory body.
• Knowledge and experience of at least three of the following: risk management frameworks, governance arrangements, board effectiveness, consumer duty/conduct risk, operational resilience and third party risk management.
• Strong knowledge of the insurance sector and the UK regulatory environment with significant in-depth knowledge of risk, governance and conduct of business expectations and requirements (including an understanding of industry best practice).
• Deep knowledge of the Solvency II Directive and the Prudential Regulation Authority's ("PRA") expectations to insurers in this area including in respect of the Own Risk and Solvency Assessment ("ORSA").
• Knowledge of the PRA's insurance priorities including operational resilience, regulatory reform, ease of exit and stress testing.
• Strong written / communication skills, ability to influence, lead, engage, and manage internal and external stakeholders.
• Ability to lead complex reviews and be a team player.
• Demonstrable experience and expertise in undertaking advisory and assurance reviews in governance, risk management and/or conduct risk.
• Understanding and practical application of reviewing the three lines of defence model.
• Strong analytical and problem-solving skills, with the ability to present information in a clear and concise manner.
• Expertise in managing teams or projects successfully and strong project management skills and a track record of successful delivery
• Strong academic background, ideally to degree level or equivalent

Desirable Skills and Experience

• Experience of advisory assignments and understanding of review methodologies and techniques including assignment planning in your area of specialism
• Recognised relevant regulatory or compliance professional qualifications and/or memberships e.g. relevant CISI or other relevant qualifications for your specialism
• Good technical knowledge of financial products
• Knowledge of ISQM requirements

You'll be able to be yourself; we'll recognise and value you for who you are and celebrate and reward your contributions to the business. We're committed to agile working, and we offer every colleague the opportunity to work in ways that suit you, your teams, and the task at hand.

At BDO, we'll help you achieve your personal goals and career ambitions, and we have programmes, resources, and frameworks that provide clarity and structure around career development.

We're in it together

Mutual support and respect is one of BDO's core values and we're proud of our distinctive, people-centred culture. From informal success conversations to formal mentoring and coaching, we'll support you at every stage in your career, whatever your personal and professional needs.

Our agile working framework helps us stay connected, bringing teams together where and when it counts so they can share ideas and help one another. At BDO, you'll always have access to the people and resources you need to do your best work.

We know that collaboration is the key to creating value for the companies we work with and satisfying experiences for our colleagues, so we've invested in state-of-the-art collaboration spaces in our offices. BDO's people represent a wealth of knowledge and expertise, and we'll encourage you to build your network, work alongside others, and share your skills and experiences. With a range of multidisciplinary events and dedicated resources, you'll never stop learning at BDO.

We're looking forward to the future

At BDO, we help entrepreneurial businesses to succeed, fuelling the UK economy.

Our success is powered by our people, which is why we're always finding new ways to invest in you. Across the UK thousands of unique minds continue to come together to help companies we work with to achieve their ambitions

We've got a clear purpose, and we're confident in our future, because we're adapting and evolving to build on our strengths, ensuring we continue to find the right combination of global reach, integrity and expertise. We shape the future together with openness and clarity, because we believe in empowering people to think creatively about how we can do things better.