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- Tasks: Manage Coverholder onboarding and ensure compliance with regulatory standards.
- Company: Chaucer, a leading insurance group at Lloyd's with a global presence.
- Benefits: Flexible working arrangements and a commitment to diversity and inclusion.
- Why this job: Join a dynamic team making a real impact in the insurance industry.
- Qualifications: Experience in Lloyd's market and strong communication skills required.
- Other info: Opportunities for career growth and professional development in a supportive environment.
The predicted salary is between 36000 - 60000 ÂŁ per year.
The Senior Delegated Authority Analyst is responsible for the effective management of Coverholder onboarding, annual due diligence, and oversight processes for Chaucer Syndicate Limited (CSL). The role supports underwriting teams in ensuring full compliance with Chaucer's internal standards and regulatory requirements. Strong stakeholder engagementâboth internal and externalâis essential to the success of the wider Delegated Authority Oversight function. A deep understanding of relevant regulations, including Delegated Authority, Consumer Duty, Compliance, and Financial Crime, is required. The position demands strong organisational, communication, and analytical skills, along with thorough knowledge of Lloyd's and London Market frameworks.
Job Description:
- Support and provide guidance to underwriting teams.
- Ensure delegated arrangements comply with regulatory frameworks, including Lloyd's and Chaucer standards.
- Undertake Pre Bind Quality Slip checks for all new and renewing business.
- Manage onboarding processes for new Coverholders.
- Annual compliance and oversight of all existing Coverholders.
- Manage endorsement requests, including any associated ATLAS tasks.
- Conduct peer reviews of due diligence assessments and provide initial signâoff.
- Identify and mitigate risks associated with delegated business.
- Collaborate with the Group Head of Delegated Oversight to identify high-performing Coverholders and growth opportunities.
- Contribute to strategic updates and operational improvements.
- Maintain awareness of regulatory changes: Monitor updates from Lloyd's, especially regarding Solvency II and Consumer Protection Code amendments.
- Represent Chaucer, as appropriate, on market forums.
- KPI Reporting.
- Draft papers for committee reporting.
- Provide training on the Delegated Authority function where required.
Regulatory Responsibilities:
- Demonstrates a clear understanding of regulatory requirements relating to Delegated Authority, Conduct (including Consumer Duty), Compliance, and Financial Crime.
Skills and Competencies:
- Relevant Lloyd's / London Market experience preferably.
- Effective communication skills.
- Advanced Microsoft skills â Word, Excel & PowerPoint.
- Strong organisational / time management skills.
- Experience and knowledge of Atlas, Crystal and DCOM.
Delegated Authority Oversight Officer in London employer: Chaucer
Contact Detail:
Chaucer Recruiting Team
StudySmarter Expert Advice đ¤Ť
We think this is how you could land Delegated Authority Oversight Officer in London
â¨Tip Number 1
Network like a pro! Reach out to folks in the industry, especially those connected to Chaucer. A friendly chat can open doors and give you insights that a job description just can't.
â¨Tip Number 2
Prepare for interviews by diving deep into the regulatory frameworks mentioned in the job description. Show us you know your stuff about Delegated Authority and Compliance â itâll impress the hiring team!
â¨Tip Number 3
Donât just wait for job alerts! Keep an eye on our website and apply directly. It shows initiative and gives you a better chance of standing out from the crowd.
â¨Tip Number 4
Practice your communication skills. Whether it's through mock interviews or casual chats with friends, being able to articulate your thoughts clearly is key to making a great impression.
We think you need these skills to ace Delegated Authority Oversight Officer in London
Some tips for your application đŤĄ
Tailor Your CV: Make sure your CV reflects the skills and experiences that match the Delegated Authority Oversight Officer role. Highlight your knowledge of regulatory frameworks and any relevant experience in the Lloyd's or London Market.
Craft a Compelling Cover Letter: Use your cover letter to tell us why you're the perfect fit for this position. Share specific examples of how you've supported underwriting teams or managed compliance processes in the past.
Showcase Your Communication Skills: Since strong communication is key for this role, make sure your application is clear and concise. Use professional language but let your personality shine through to show us who you are!
Apply Through Our Website: We encourage you to apply directly through our website. Itâs the best way for us to receive your application and ensures youâre considered for the role. Plus, itâs super easy!
How to prepare for a job interview at Chaucer
â¨Know Your Regulations
Make sure you brush up on the relevant regulations like Delegated Authority, Consumer Duty, and Compliance. Being able to discuss these confidently will show that you understand the framework you'll be working within.
â¨Showcase Your Stakeholder Skills
Prepare examples of how you've engaged with stakeholders in the past. Whether it's internal teams or external partners, demonstrating your communication skills and ability to build relationships is key for this role.
â¨Demonstrate Organisational Skills
Think about how you manage multiple tasks and deadlines. Be ready to share specific strategies or tools you use to stay organised, especially when it comes to onboarding processes and compliance checks.
â¨Be Ready for Scenario Questions
Expect questions that ask how you'd handle specific situations related to risk management or compliance oversight. Practising these scenarios can help you articulate your thought process and decision-making skills effectively.
