Lloyd's is seeking a Delegated Authority Oversight Manager to oversee adherence to Lloyd's Principles for Doing Business in relation to Delegated Authority business, address potential risks, and promote a 'best in class' approach to management and Delegated Authority arrangements.
Requirements
- Overseeing the adherence of allocated Managing Agents (MAs) to Lloyd's Principles for Doing Business, specifically in relation to their Delegated Authority business.
- Addressing potential risks, proactively intervening and escalating issues
- Conduct targeted, risk-based capability assessments, ad hoc assurance activities, and thematic reviews.
- Promote a 'best in class' approach to management and Delegated Authority arrangements.
- Make considered and risk-based decisions, ensuring that the right outcomes are achieved through effective oversight and collaboration with the wider Lloyd's team.
- Responsible for maintaining the 'Lloyd's view' on the Delegated Authority capability of allocated MAs, feeding into governance forums.
- Building meaningful, open, and transparent relationships with allocated MAs to enable effective oversight and sharing of key information.
- Leading on addressing problematic MGAs with the authority to take appropriate remedial actions, aligned with the Third-party Material Issues.
- Collaborating through the Delegated Authority Indicator Framework (DAIF) with other Lloyd's review teams and the Delegated Underwriting Performance team.
- Proactively identify opportunities for operational efficiency
- Handle complex market queries related to the delegated authority model and alternative distribution processes globally, clearly articulating Lloyd’s risk appetite.
- Supporting Country Managers to enable them to triage/reject MGAs that present local risks.
- Acting as the UK Country Manager for reviewing new MGA applications that are sponsored by allocated MAs.
- Contributing to the creation of the Delegated Authority centre of excellence
Benefits
- Generous pension
- Healthcare
- Wellbeing programmes
- Diversity and inclusion training
- Employee networks
- Mentoring and volunteering opportunities
- Financial support for training, education & development
- Benefit allowance (to spend on flexible benefits)
- Employee recognition scheme
- Employee discount schemes
