We’re working with a leading Lloyd’s Syndicate to appoint a highly motivated individual to strengthen their delegated authority team. This role will be responsible for the due diligence, onboarding, monitoring and audit of coverholders and TPAs – ensuring compliance with Lloyd’s Minimum Standards, FCA / PRA requirements and the Syndicate’s internal governance framework.
You will play a key role in safeguarding the business by managing delegated relationships end-to-end, from onboarding and risk assessment to ongoing performance oversight and audit remediation.
Key Responsibilities :
- Conduct due diligence on new and existing coverholders.
- Oversee coverholder / TPA audits and manage external auditors.
- Review and track audit findings and remediation actions.
- Maintain accurate records on systems (e.g. Atlas, DAM, DCOM).
- Ensure compliance with Lloyd’s Minimum Standards and regulatory frameworks.
- Support internal governance reporting and audit processes.
- Act as a point of contact for coverholder compliance queries.
Requirements
Strong understanding of the Lloyd’s delegated authority model and regulatory frameworks.Demonstrated experience conducting due diligence reviews and / or managing coverholder audits.Strong working knowledge of systems such as PoloWorks, DCOM, Atlas, and DAM.Strong attention to detail and risk awareness.Excellent stakeholder communication and coordination skills.Experience managing audits and third-party auditors.Understanding of international insurance regulation.Relevant professional qualifications (e.g. CII, ICA).Benefits
Salary : £55k-70k per annum
Length : Initial 6 Month FTC, with potential to extend.