Insurance Risk Management Consultant
EY · Athens
At EY, we’re all in to shape your future with confidence.
We’ll help you succeed in a globally connected powerhouse of diverse teams and take your career wherever you want it to go.
Being part of EY in Greece means being part of a continuously growing team, which has been announced as Top Employer for the fourth consecutive year, certified as a Great Place to Work for the third year in a row, and awarded as Best Workplace in Professional Services & Consulting for the second consecutive time, for our almost 3,000 professionals!
At EY, we’ll develop you with future-focused skills and equip you with world-class experiences through coaching and training programs as well as the use of advanced technology and AI. We’ll fuel you and your extraordinary talents in a diverse and inclusive culture of globally connected teams
Join us as we commemorate 100 years of EY in Greece this year. Experience great flexibility under our hybrid operating model across our offices in Athens, Patras, Thessaloniki and Crete and contribute to building a better working world.
The opportunity
This is an opportunity to become part of the EY insurance business consulting success story in Greece and across Europe.
You will support clients in strengthening their risk management, governance and regulatory compliance frameworks, including through outsourced or co-sourced risk management services, regulatory advisory support, and the design and enhancement of risk and compliance operating models.
Working as part of a multidisciplinary and globally connected team, you will gain exposure to a broad range of insurance risk topics and services, including but not limited to:
- Own Risk and Solvency Assessment
- Risk Management Framework
- Regulatory compliance, regulatory change and supervisory support
- Governance, Internal Controls System and Three Lines Model
- Third-party risk management, operational resilience and business continuity
- Reinsurance & capital management
- Internal models support
Our business model ensures that:
- we leverage the synergies of being part of broader European and global insurance and actuarial teams and collaborating in numerous international engagements;
- We combine consulting and audit-related projects with a global client reach.
Your key responsibilities
- Support client engagements across the insurance, pensions and broader financial services sector in areas such as risk management, governance, regulatory compliance, internal control, operational resilience and related advisory services.
- Contribute to the design, enhancement and implementation of risk, compliance and governance frameworks, operating models, policies, processes and controls.
- Assist clients in identifying, assessing, monitoring and managing risks, including the development of risk assessment methodologies, reporting frameworks, performance indicators and governance processes.
- Support regulatory and business change initiatives through gap assessments, impact analysis and implementation planning across evolving regulatory and industry requirements.
- Prepare high-quality analyses, reports, presentations and recommendations for management, boards, committees and other stakeholders.
- Participate in client meetings, workshops and project activities, collaborating with stakeholders across Insurance business, risk and control functions.
Contribute to business development activities, including proposals, thought leadership, market research and the development of innovative service offerings.
Work collaboratively within multidisciplinary teams, delivering high-quality services while staying informed of industry developments, emerging risks and market trends.
Skills and attributes for success
- At least 1 year of relevant professional experience, in risk management, regulatory compliance, governance, internal controls, internal audit, actuarial or advisory services within the insurance, pension or financial services sector.
- A BSc or MSc degree in Risk Management, Actuarial Science, Mathematics, Statistics, Economics, Finance, Engineering or another related field.
- Knowledge of the insurance sector with an understanding of insurance governance, risk management and regulatory requirements.
- Previous involvement in risk identification, assessment, monitoring and reporting.
- Experience supporting the development, review or implementation of policies, procedures, controls or governance documentation.
- Ability to work effectively with multiple stakeholders, including senior management, control functions and client teams.
- Self-starter with strong analytical, problem-solving and critical-thinking skills, able to translate complex regulatory and risk management requirements into practical solutions.
- A committed approach to continuous professional development is required.
- Advanced business writing and verbal communication skills both in Greek and English.
- Strong team player with a passion for excellence and commitment to delivering work on time and with a flexible working style enjoying working with multi-national teams.
- A high degree of self–direction and the business acumen to work within a rapidly changing environment.
- Advanced MS office skills.
Ideally, you’ll also have:
- Working knowledge of activities relating to Solvency II – Pillar II.
- Previous involvement in the development, enhancement, implementation of the ORSA process with the associated scenarios, stresses, risk measurement and report writing.
- Previous involvement in the development of risk appetite framework and risk models for the quantification and monitoring of risks against appropriate limits and tolerances, with the use of Key Risk Indicators.
- Previous involvement in collaboration with insurance regulators for the development and enhancement of regulatory requirements and supervisory practices in the insurance sector.
- Knowledge and familiarity with key regulations for insurers, including ESG and sustainability, operational resilience, IRRD, IDD, PoG, AMLR, PRIIPs, RIS, FiDA, FICOD.
- Knowledge of insurance distribution channels and intermediaries.
- The ability to work with a variety of stakeholders at all levels.
- Knowledge of process development and documentation with the use of MS Visio or other relevant tool.
- Professional risk management qualification (e.g. PRM, IRM, CERA, FRM, etc.).
- Analytical and problem-solving skills.
- Ability to travel.
What we look for
What’s most important is that you’re dedicated to working with your colleagues as part of a high-performing team. You’ll need to demonstrate enthusiasm, high motivation and passion to develop fast in a multinational working environment. You’ll need to thrive in picking up new skills and talents as you go, so natural curiosity, a lot of questions and the confidence to speak up when you see something that could be improved are essential. If you’ve got the right combination of technical knowledge and communication skills, this role is for you.
What we offer you
Ability to Shape your Future with Confidence by:
- Developing your professional growth:
- You'll have unlimited access to educational platforms, EY Badges and EY Degrees, alongside support for certifications. You will experience personalized coaching and feedback, and gain exposure to international projects, through our expansive global network, empowering you to define and achieve your own success.
- Dive into our innovative GenAI ecosystem, designed to enhance your EY journey and support your career growth. These advanced AI tools will empower you to focus on higher-value work and meaningful interactions, enriching your professional experience like never before.
- Empowering your personal fulfilment: We focus on your financial, social, mental and physical wellbeing.
- Our competitive rewards package, depending on your experience, includes cutting-edge technological equipment, ticket restaurant vouchers, a private health and life insurance scheme, income protection and an exclusive EY benefits club card that provides a wide range of discounts, offers and promotions.
- Our flexible working arrangement (hybrid model) is defined based on your own preferences and team’s needs, and we enjoy various getaways such as short Fridays, Flex Day and Together Day.
- Our commitment to a sustainable way of operating, encourages volunteerism, promotes sustainable practices and offers opportunities for you to create a positive societal impact.
- Our pride lies in working at EY as one of the most recognized employers in Greece through our multiple awards received over the last 4 years (Top Employer, Great Place to Work and Best Workplace in Professional Services & Consulting).
- Fueling an inclusive culture: We prioritize a diverse, equitable and inclusive environment, where you’ll be embraced for who you are and empowered to use your voice to help others find theirs.
Are you ready to shape your future with confidence? Apply today.
To help create an equitable and inclusive experience during the recruitment process, please inform us as soon as possible about any disability-related adjustments or accommodations you may need.
EY | Building a better working world
EY is building a better working world by creating new value for clients, people, society and the planet, while building trust in capital markets.
Enabled by data, AI and advanced technology, EY teams help clients shape the future with confidence and develop answers for the most pressing issues of today and tomorrow.
EY teams work across a full spectrum of services in assurance, consulting, tax, strategy and transactions. Fueled by sector insights, a globally connected, multi-disciplinary network and diverse ecosystem partners, EY teams can provide services in more than 150 countries and territories.
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