Senior Consultant - Insurance Regulatory Affairs

About the role

EY PSA Solutions (PSA), a Luxembourg regulated Professional of the Insurance Sector, offers governance, compliance, risk, regulatory and outsourcing services to (re)insurance undertakings and insurance distributors. As a Senior Consultant you will lead client workstreams focused on Luxembourg and EU insurance regulation, turn regulatory requirements into practical governance and control solutions and advise clients on implementation, remediation and ongoing compliance.

Key responsibilities

• Lead regulatory and governance workstreams and maintain trusted relationships with client stakeholders.
• Advise on Luxembourg and EU insurance regulation, including insurance governance, IDD, POG, distribution oversight, outsourcing, conduct risk and customer protection frameworks across life and non-life insurance.
• Perform regulatory gap assessments and reviews, and develop recommendations, remediation plans, policies, procedures and control frameworks.
• Prepare governance documentation, stakeholder reporting and regulatory reporting materials.
• Coordinate multidisciplinary teams and manage delivery against scope, quality standards and timelines.
• Monitor market and regulatory developments and turn them into client implications and service opportunities.
• Facilitate meetings and workshops, contribute to proposals and support business development.
• Coach junior colleagues, review their work and contribute to recruitment, onboarding and training.

Required profile

• Master's degree in law, finance, business administration, economics or a related field.
• At least 2 years of directly relevant experience in insurance, reinsurance, consulting, regulatory advisory, compliance, risk, internal audit or a supervisory authority, including workstream delivery and engagement with senior stakeholders.
• Practical experience in at least one of: insurance regulation, IDD and conduct requirements, GRC, insurance operations or Luxembourg regulatory requirements.
• Professional working proficiency in English and French, including drafting deliverables and interacting with clients in both languages.

Required skills

• Strong analytical, problem-solving, project management and communication skills.
• Ability to lead workstreams, manage competing priorities and engage senior stakeholders.
• Knowledge of governance, compliance, anti-financial crime, risk management, internal controls and insurance regulation.