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For Companies At a Glance
- Tasks: Oversee compliance and performance of delegated authority portfolios in a dynamic market.
- Company: Join a leading Lloyd's player with a focus on innovation and collaboration.
- Benefits: Enjoy hybrid working, competitive salary, and opportunities for professional growth.
- Why this job: Make a real impact by enhancing governance and driving continuous improvement in the industry.
- Qualifications: Experience in oversight, risk management, and strong communication skills required.
- Other info: Be part of a forward-thinking team with excellent career advancement opportunities.
The predicted salary is between 43200 - 72000 £ per year.
I am currently partnering with a leading Lloyd's player that is seeking a DA Oversight Manager to join its growing team. This is a highly market-facing role, focused on reviewing how delegated underwriting is written and managed across a range of Managing Agents within the market.
Key Responsibilities
- Overseeing the compliance of allocated Managing Agents with Lloyd's Principles for Doing Business, with specific focus on their Delegated Authority portfolios. This includes proactively identifying and addressing potential risks, intervening early where required, and escalating issues appropriately.
- Conducting targeted, risk-based capability assessments, ad hoc assurance activity, and thematic reviews to evaluate delegated authority performance and controls.
- Promoting a "best in class" approach to Delegated Authority governance and management, supporting continuous improvement across the market.
- Making sound, proportionate, and risk-based decisions to ensure appropriate outcomes through effective oversight and close collaboration with the wider Lloyd's team.
- Maintaining and articulating the "Lloyd's view" of the Delegated Authority capability of allocated Managing Agents, contributing into relevant governance forums.
- Developing strong, open, and transparent relationships with Managing Agents to support effective oversight and the timely exchange of information.
- Providing focused, risk-based oversight of a small number of highly material MGAs, broker facilities, and structured programme providers.
- Taking the lead in managing underperforming or high-risk MGAs, with the authority to implement proportionate remedial actions in line with Third-Party Material Issues. This includes applying market expertise and robust risk principles, and escalating significant issues where necessary.
- Working collaboratively through the Delegated Authority Indicator Framework (DAIF) alongside other Lloyd's review teams and the Delegated Underwriting Performance team to ensure oversight activity is aligned to broader objectives and priorities.
- Proactively identifying opportunities to improve operational efficiency, including eliminating low-value activity, automating processes, or outsourcing where appropriate.
- Managing complex market queries relating to the delegated authority model and alternative distribution structures globally, clearly articulating Lloyd's risk appetite and expectations.
- Supporting Country Managers by enabling effective triage and rejection of MGAs that present local or jurisdictional risks.
- Acting as UK Country Manager for the review of new MGA applications sponsored by allocated Managing Agents.
- Contributing to the development of a Delegated Authority Centre of Excellence by leading on the resolution of complex market queries, producing and contributing to thought leadership on key themes, emerging risks, and best practices, maintaining and enhancing Delegated Authority guidance materials, and identifying, sharing, and communicating insights across the Lloyd's market and global network.
Delegated Authority Manager in City of London employer: HFG
Contact Detail:
HFG Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Delegated Authority Manager in City of London
✨Tip Number 1
Network like a pro! Get out there and connect with people in the industry. Attend events, join online forums, and don’t be shy about reaching out to folks on LinkedIn. You never know who might have the inside scoop on job openings or can put in a good word for you.
✨Tip Number 2
Prepare for interviews by researching the company and its culture. Understand their approach to Delegated Authority and think about how your experience aligns with their needs. We want you to walk in feeling confident and ready to impress!
✨Tip Number 3
Showcase your expertise! When you get the chance to chat with potential employers, highlight your knowledge of compliance and risk management in Delegated Authority. Share specific examples of how you've tackled challenges in the past.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen. Plus, we love seeing candidates who are proactive and engaged with our platform. Let’s get you that dream job!
We think you need these skills to ace Delegated Authority Manager in City of London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Delegated Authority Manager role. Highlight your experience with compliance, risk management, and any relevant oversight roles you've held. We want to see how your background aligns with our needs!
Craft a Compelling Cover Letter: Your cover letter should tell us why you're the perfect fit for this position. Share specific examples of how you've successfully managed delegated authority portfolios or improved operational efficiency in previous roles. Let your personality shine through!
Showcase Your Market Knowledge: Demonstrate your understanding of the Lloyd's market and the principles of delegated authority. Mention any relevant frameworks or best practices you’re familiar with. We love candidates who are proactive and knowledgeable about the industry!
Apply Through Our Website: Don’t forget to apply through our website! It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows you’re keen on joining our team at StudySmarter!
How to prepare for a job interview at HFG
✨Know Your Delegated Authority Inside Out
Make sure you understand the ins and outs of delegated authority management. Brush up on Lloyd's Principles for Doing Business and be ready to discuss how you've applied these principles in your previous roles. This will show that you're not just familiar with the concepts, but that you can also implement them effectively.
✨Showcase Your Risk Management Skills
Prepare examples of how you've identified and mitigated risks in past positions. Be specific about the actions you took and the outcomes achieved. This role is all about proactive risk management, so demonstrating your experience in this area will set you apart from other candidates.
✨Build Relationships, Even in the Interview
Since this role involves developing strong relationships with Managing Agents, think about how you can demonstrate your interpersonal skills during the interview. Share stories that highlight your ability to communicate effectively and build trust, as this will resonate well with the interviewers.
✨Be Ready to Discuss Continuous Improvement
This position focuses on promoting a 'best in class' approach, so come prepared with ideas on how to improve operational efficiency. Think about processes you've streamlined or innovations you've introduced in previous roles, and be ready to share these insights to show your forward-thinking mindset.
