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DUA Audit Manager
Ref. JO0000007252

Position DUA Audit Manager
Sector Underwriting
Location City of London, City
Type Permanent
Salary £75K - £85K / Annum
Reference JO0000007252
Summary Audit Manager - Delegated Underwriting Team Salary c£75,000

A global insurance and reinsurance organisation and a major insurer in the Lloyds market.

Scope of the role

Day to day responsibility for the Syndicates Delegated Underwriting audit team, whilst working within the framework, parameters and strategic direction set by the Head of Delegated Underwriting

·Oversight of the Delegated Underwriting Management audit team.

·Support the Head of Delegated Underwriting in delivering the Coverholder audit strategy.

·Undertake and help manage the scheduling, scoping, selection and recommendation outcomes of lead coverholder audits.

·Ensure the audit team meets its SLA's and targets

·Effectively manage a team of Audit Analysts

·Review audit reports and peer review audits from the Audit Analysts.

·Manage response to and from underwriters, brokers and coverholders in respect of audits

·Manage payment of audit fees via Xchanging

·Liaise with Lloyd's Central Audit Function with respect to coordinated audits via the Lloyd's central audit platform.

·Assist in maintaining oversight of the Agency conduct assessment register for DA business.

·Assist to ensure that conduct minimum standards are maintained.

·Assist in maintaining, update and circulate where required any relevant Delegated Underwriting coverholder audit information from Lloyd's, FCA, LMA or other local regulatory body

·Allocation of audits within the Delegated Underwriting team and wider department where required, ensuring SLA's are met.

·Review and analyse audit, conduct risk, financial crime, management data and provide commentary under the oversight of the Head of Delegated Underwriting Management as appropriate/directed.

·Analyse and provide commentary for CHMC and COG reporting packs for audit and where applicable or directed conduct risk.

·Support the Head of Delegated Underwriting Management in maintaining relationships both internally and externally, promoting the DA function.

·Deputise as applicable for the Head of Delegated Underwriting Management in their absence with particular focus on conduct risk and coverholder audit.

·Support and be an integral part of the wider Delegated Underwriting department.



Experience

·Experience of delegated underwriting practices, preferably at Lloyd's

·Relevant business experience

·In-depth knowledge of the operations and practices of delegated authority underwriting

·Numerate and IT literate (preferably experience in BDX, ATLAS and BAR).

·Good presentational skills



Attributes



·Team player

·Strong inter-personal skills

·Effective at influencing colleagues

·Ability to communicate at all levels



REF : 7252

MW Appointments is acting as an Employment Agency in relation to this vacancy.
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