Senior Associate, Delegated Authorities Oversight (6 Month FTC)

Lloyd’s is the world’s leading insurance and reinsurance marketplace. We share the collective intelligence and risk sharing expertise of the market’s brightest minds, working together for a braver world. Our role is to inspire courage, so tomorrow’s progress isn’t limited by today’s risks. Our shared values: we are brave; we are stronger together; we do the right thing; guide what we do and how we act. If you share our values and our passion to build a future that’s more sustainable, resilient, and inclusive, you’ll find a home at Lloyd’s – build a braver future with us.

Opportunity: Join the Delegated Authority team at Lloyd's for 6 months. This team oversees delegated authority arrangements, focusing on performance and operations, driving profitable performance, sharing best practices, and delivering the overall DA strategy.

Role: As a Senior Associate in the DA Oversight team, you will ensure that Coverholders and DA arrangements are properly overseen and managed by the Managing Agents.

Requirements: Experience within the Lloyd’s market in a Delegated Authority or Compliance environment, with the ability to collaborate, influence, challenge external market participants, and use strategic and solution-based thinking to meet key accountabilities.

Responsibilities include:

• Act as a centre of excellence for overseeing material DA arrangements, including conducting spot check reviews and supporting managing agents.
• Support DA proposition arrangements through the multi-disciplinary intake route, including Lloyd’s Europe and Lloyd’s Lab interactions.
• Provide input into assessments of managing agents’ compliance with Lloyd’s requirements for Delegated Authority business.
• Undertake risk-based reviews or audits of managing agents/coverholders posing risks to Lloyd’s.
• Operate principle-based oversight for coverholders that pose material risks.
• Manage relationships with material coverholders and DCAs in the UK and overseas, ensuring DA obligations remain proportionate and providing support and advice.
• Support Lloyd’s centralised requests to coverholders, including coordinating compliance requests.
• Problem solve and liaise on complex queries regarding the delegated authority model and distribution processes, articulating Lloyd’s risk appetites.
• Operate according to service standards, contribute to continuous improvements, and represent the team in market meetings.
• Create and communicate DA guidance for the market collaboratively.
• Collaborate with other Lloyd’s teams on initiatives related to Delegated Authority.

If you share our values – we are brave; we are stronger together; we do the right thing – join us to shape and deliver the Delegated Authority Strategy.

Diversity and inclusion: Lloyd’s aims to build a diverse, inclusive environment reflecting the global markets we work in. We promote dignity, respect, workplace adjustments, health and wellbeing programs, training, employee networks, mentoring, volunteering, and professional development.

Work/life balance: We offer flexible hybrid working, a comprehensive benefits package including pension, healthcare, wellbeing programs, training support, flexible benefits allowance, recognition schemes, and employee discounts. Join Lloyd’s to work with industry leaders, creating innovative, responsive solutions to share risk and solve complex problems.