At a Glance
- Tasks: Oversee compliance and improve oversight for Managing Agents in the insurance sector.
- Company: Lloyd’s, the leading global insurance marketplace focused on sustainability and inclusivity.
- Benefits: Generous pension, healthcare, flexible benefits, and support for professional development.
- Other info: Hybrid working model with a commitment to diversity and inclusion.
- Why this job: Make a real impact in the insurance industry while promoting best practices and collaboration.
- Qualifications: Experience in oversight, risk management, and strong communication skills.
The predicted salary is between 60000 - 80000 £ per year.
Lloyd’s is the world’s leading insurance and reinsurance marketplace, dedicated to building a future that is more sustainable, resilient and inclusive.
As a senior member of the Delegated Authority division, you will oversee the adherence of Managing Agents (MAs) to Lloyd’s Principles for Doing Business, directly driving improvements in MGA oversight and capability.
Responsibilities- Oversee and ensure compliance of allocated MAs regarding their Delegated Authority business.
- Address potential risks, intervene proactively, and escalate issues where required.
- 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 risk‑based decisions that secure optimal outcomes through effective oversight and collaboration with the wider Lloyd’s team.
- Maintain the Lloyd’s view of delegated authority capability for allocated MAs, feeding into governance forums.
- Build transparent relationships with allocated MAs to facilitate effective oversight and information sharing.
- Oversee a small number of highly material MGAs, broker facilities and structured programme providers when needed.
- Lead remediation of problematic MGAs, taking appropriate action aligned with Third‑party Material Issues.
- Collaborate with the Delegated Authority Indicator Framework (DAIF) and other review teams to align oversight activities with objectives and priorities.
- Identify opportunities for operational efficiency (automation, outsourcing, work elimination).
- Handle complex market queries related to the delegated authority model and alternative distribution processes globally.
- Support Country Managers in triaging or rejecting MGAs presenting local risks.
- Act as UK Country Manager for reviewing new MGA applications sponsored by allocated MAs.
- Contribute to the Delegated Authority centre of excellence by addressing complex market queries and developing thought leadership.
- Maintain and update guidance materials, sharing insights with the market and Lloyd’s global networks.
- Generous pension and healthcare plans.
- Wellbeing programmes and flexible benefits such as gym membership, dental insurance, extra holiday and cycle‑to‑work scheme.
- Financial support for training, education and professional development.
- Employee recognition scheme and discount schemes.
- Hybrid working model combining office and home, supporting a healthy work/life balance.
Lloyd’s is committed to building a diverse, inclusive environment where everyone is treated with dignity and respect, and where all employees are supported to achieve their full potential. We support adjustments for applicants with disabilities and provide a fair recruitment process that values diversity and inclusion. Lloyd’s is an Equal Opportunity Employer and does not discriminate on the basis of race, gender, disability, or any other protected characteristic.
Delegated Authority Oversight Manager employer: CO1001 Corporation of Lloyd’s
Lloyd’s is an exceptional employer, offering a dynamic work environment that champions sustainability, resilience, and inclusivity. With generous benefits including comprehensive healthcare plans, professional development support, and a hybrid working model, employees are empowered to thrive both personally and professionally. The company fosters a culture of equality and diversity, ensuring that all team members are respected and have the opportunity to reach their full potential in a collaborative setting.
Contact Details:
CO1001 Corporation of Lloyd’s Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land Delegated Authority Oversight Manager
✨Tip Number 1
Network like a pro! Reach out to people in the industry, attend events, and connect on LinkedIn. The more you engage with others, the better your chances of hearing about opportunities before they even hit the job boards.
✨Tip Number 2
Prepare for interviews by researching the company and its values. Understand Lloyd’s Principles for Doing Business and think about how your experience aligns with their goals. This will help you stand out as a candidate who truly gets what they’re about.
✨Tip Number 3
Practice makes perfect! Conduct mock interviews with friends or use online resources to refine your answers. Focus on showcasing your ability to manage risks and improve oversight, as these are key aspects of the role.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen. Plus, it shows you’re genuinely interested in being part of the Lloyd’s team and contributing to their mission.
We think you need these skills to ace Delegated Authority Oversight Manager
Some tips for your application 🫡
Tailor Your Application:Make sure to customise your CV and cover letter to highlight your experience in overseeing compliance and risk management. We want to see how your skills align with the responsibilities of the Delegated Authority Oversight Manager role.
Showcase Your Achievements:Don’t just list your duties; share specific examples of how you’ve driven improvements or managed complex situations in previous roles. We love seeing quantifiable results that demonstrate your impact!
Be Clear and Concise:Keep your application straightforward and to the point. Use clear language and avoid jargon where possible. We appreciate a well-structured application that’s easy to read and understand.
Apply Through Our Website:We encourage you to submit your application directly through our website. It’s the best way for us to receive your details and ensures you’re considered for the role. Plus, it’s super easy!
How to prepare for a job interview at CO1001 Corporation of Lloyd’s
✨Know Your Stuff
Make sure you’re well-versed in Lloyd’s Principles for Doing Business and the Delegated Authority model. Brush up on recent trends in insurance and reinsurance, as well as any relevant regulations. This will show that you’re not just interested in the role but also understand the industry.
✨Showcase Your Risk Management Skills
Prepare examples from your past experience where you’ve successfully identified and mitigated risks. Be ready to discuss how you would approach potential risks in the context of managing MAs. This will demonstrate your proactive mindset and ability to make risk-based decisions.
✨Build Relationships
Think about how you can foster transparent relationships with MAs. During the interview, share your strategies for effective communication and collaboration. Highlight any previous experiences where you’ve built strong partnerships, as this is key to the role.
✨Be Ready for Complex Queries
Expect to tackle some tricky market queries during your interview. Prepare by reviewing common challenges in the delegated authority model and think through your responses. This will showcase your problem-solving skills and readiness to handle complex situations.
