Consultant, Risk & Compliance – Insurance

Locations

Germany | Austria

Who We Are

Boston Consulting Group partners with leaders in business and society to tackle their most important challenges and capture their greatest opportunities. BCG was the pioneer in business strategy when it was founded in 1963. Today, we help clients with total transformation‑inspiring complex change, enabling organizations to grow, building competitive advantage, and driving bottom‑line impact. To succeed, organizations must blend digital and human capabilities. Our diverse, global teams bring deep industry and functional expertise and a range of perspectives to spark change. BCG delivers solutions through leading‑edge management consulting along with technology and design, corporate and digital ventures—and business purpose. We work in a uniquely collaborative model across the firm and throughout all levels of the client organization, generating results that allow our clients to thrive.

In a shifting financial and regulatory landscape, organizations need a powerful blend of analytical precision and strategic vision. At BCG, our Risk & Compliance Practice delivers both. Within this, our Finance & Risk in Insurance team helps global insurers and reinsurers navigate regulatory change, optimise risk‑return profiles, lead in business‑model innovation and explore the possibilities of AI in Finance and Risk.

Our Expertise Includes:

• Actuarial, Finance & Risk Management transformation
• Capital modelling, solvency & balance‑sheet optimisation
• Advanced analytics for risk‑return steering, stress testing, pricing, and claims
• ESG risk integration & climate‑related finance
• Enterprise risk frameworks, operational resilience & regulatory strategy
• Artificial Intelligence in Finance, Risk, Investments, Underwriting and Pricing

Our work is anchored in technical depth and elevated by strategic impact – we don’t just solve problems; we shape the future of Finance and Risk.

Practice Area

The Risk & Compliance Practice provides strategic, transformational and technical offerings in risk and compliance. We take a comprehensive view which enables us to help our clients grow their businesses while staying ahead of key risks, anticipating regulatory shifts, and instilling ethical practices. Our offerings include, but also extend beyond: Compliance and Crisis Management, Cyber and Digital Risk, Credit Risk Management, Balance Sheet Optimisation, Market & Commodity Risk, ESG, Risk Org, Ops and Operational Risk, and Supply Chain Risk.

What You’ll Do

• Contribute to transformative Finance, Actuarial, and Risk projects for leading insurers and reinsurers.
• Develop analytical models and frameworks in areas such as capital modelling, solvency, ALM, valuation, and stress testing.
• Support regulatory and accounting transformations, including Solvency II and IFRS 17 implementation.
• Translate actuarial and financial analyses into actionable insights for senior stakeholders.
• Work closely with cross‑functional BCG teams, combining strategy, analytics, and AI expertise to deliver holistic solutions.
• Take ownership of specific workstreams and support client interactions throughout the project lifecycle.

What You’ll Bring

• Strong Experience: 3–5 years in Insurance Actuarial, Finance, Risk, or Regulatory roles. Demonstrated mastery of capital modelling, solvency frameworks, valuation, or actuarial techniques.
• Consulting Experience: Experience working with clients across various industries, helping them tackle their most difficult challenges and create sustainable value. Ability to link technical rigor with broader business context and C‑suite priorities.
• Analytical Excellence: Strong quantitative and problem‑solving skills with experience in financial modelling, data analysis, or risk frameworks.
• AI & Data‑Driven Perspective: Interest and experience in applying AI and advanced analytics in Finance and Risk processes to enhance efficiency and generate impact, with the ability to translate emerging capabilities into practical business value and operate effectively in AI‑enabled working environments.
• Excellent Communication Skills: Ability to communicate clearly and persuasively at the C‑suite level and build trusted, long‑term client relationships.
• Fluent oral and written language skills: German (C1) and English.

Who You’ll Work With

Global BCG teams and cross‑functional partners across the firm.

Additional Info

Boston Consulting Group is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, age, religion, sex, sexual orientation, gender identity / expression, national origin, disability, protected veteran status, or any other characteristic protected under national, provincial, or local law, where applicable, and those with criminal histories will be considered in a manner consistent with applicable state and local laws. BCG is an E‑Verify Employer. Click here for more information on E‑Verify.