Insurance Risk Consulting - Regulatory Compliance - Senior Consultant

Forvis Mazars is a leading global professional services network providing audit & assurance, tax, and advisory services. Forvis Mazars in the UK spans 14 offices across the nation and has over 3,400 professionals, with 190 partners. We have a clear purpose and a shared commitment to shape a better future. You'll join a collaborative and inclusive team where you're supported to grow your skills, explore new opportunities, and contribute from day one.

You'll work with a diverse client base, develop meaningful connections, and gain experience that extends beyond your local team. Together, we grow, belong and impact.

Our Regulatory Compliance team in our Insurance Risk Consulting (IRC) practice has an exciting opportunity for a talented and high performing individual to join our team in London. IRC provides a diverse range of services to our clients, including actuarial and internal audit services and those related to Regulatory Compliance. Clients are predominantly from the insurance market but can also include entities in the retail banking, debt and payment sectors.

This role is within the Regulator Compliance team which provides advice and guidance to clients on all aspects of financial services regulation to help them stay compliant and evidence their compliance with the vast web of regulations applicable to the sector. The team focuses on conduct regulation and guidance as issued by the Financial Conduct Authority (FCA) and regulatory reporting overseen by the Prudential Regulation Authority (PRA).

The FCA's primary purpose is to protect consumers, protect the integrity of the financial system and to promote competition, in the interests of consumers. It expects regulated entities to put the consumer at the heart of their business. The PRA’s primary objectives are to promote the safety and soundness of regulated entities; and more specific to insurance firms, to ensure policyholders are appropriately protected.

Our services are closely aligned with the objectives of the FCA and PRA, supporting clients in meeting regulatory expectations across both conduct and prudential areas. This includes helping clients enhance compliance frameworks, strengthen governance arrangements, uphold the consumer duty, ensuring operational resilience, and supporting firms in meeting expectations around fitness and propriety of senior personnel. From a PRA perspective, we support firms in meeting prudential reporting requirements and maintaining effective frameworks, including the preparation of Solvency UK reporting and disclosures, as well as providing assistance with recovery, resolution and exit planning.

The work is diverse, engaging and purposeful.

Examples of current projects include operational resilience reviews, Consumer Duty audits, complaints and remediation programmes, prudential regulatory reporting, Solvent Exit Analysis (SEA) reviews, fair value assessments, vulnerable customer reviews, and product governance and quality assurance reviews. The team also develops and delivers tailored training to support client capability and regulatory understanding.

The individual is expected to participate in the growth of our services to regulated financial services clients by working with a wide variety of clients and delivering client engagements. Whilst client projects will be the priority, the role would also contribute to business development e.g. by organising ‘key account’ activities, producing articles and presenting to clients.

• Providing compliance advice on a particular area of concern
• Performing regulatory Compliance gap analyses, independent review or ‘health checks’ (including thematic or risk-based compliance reviews), and Internal audit subject matter expertise
• Delivering FCA s166 Skilled Person Reviews
• Assisting in regulatory applications / responses / communication
• Supporting the completion of prudential regulatory reporting
• Designing and delivering of training
• Supporting a client’s regulatory change project support
• Compliance secondments
• Developing and maintaining regulatory frameworks, policies and procedures

• Deliverin…