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- Tasks: Manage audits for Coverholder and DCA agreements, ensuring compliance and risk management.
- Company: Join a leading firm in the London insurance market with a focus on diversity.
- Benefits: Competitive salary, inclusive culture, and opportunities for professional growth.
- Other info: Dynamic role with opportunities to represent the company at market forums.
- Why this job: Make a real impact in the insurance sector while developing your audit expertise.
- Qualifications: Knowledge of Lloyd's market and strong organisational skills required.
The predicted salary is between 55000 - 65000 £ per year.
Our client is seeking a Senior Delegated Authority Audit Analyst to join their Delegated Authority team in London. Reporting to the Delegated Authority Audit Manager, you will be responsible for the audit management of the company's Coverholder and DCA agreements, ensuring appropriate oversight, risk management, and regulatory compliance across our delegated authority portfolio.
You will support the Audit Manager in preparing annual and quarterly audit plans, scheduling Coverholder and DCA audits, and developing tailored, risk-based oversight programmes. This includes analysing and processing audit reports, ensuring issues are identified, followed up, and escalated appropriately, and monitoring audit closure through to satisfactory conclusion including closing meetings and committee presentations.
A key aspect of the role is preparing monthly reports on open and overdue audit recommendations, providing regular Management Information on audit progress and performance, and preparing Underwriting and Compliance packs for internal committees. You will communicate with business and market stakeholders to determine appropriate actions for each Coverholder and DCA, ensuring they understand and comply with Delegated Authority, Consumer Duty, Compliance and Financial Crime requirements.
You will provide ongoing oversight of the audit panel, represent the company on Lloyd's and other market forums, and provide technical expertise to the business on delegated authority matters. The role also involves supporting the development of audit policies and procedures, embedding operational risk management processes, and supporting the oversight and performance management of outsource partners.
You will have good knowledge of the Lloyd's market, Binding Authorities and Coverholder issues, with a clear understanding of regulatory requirements including Delegated Authority, Consumer Duty, Compliance and Financial Crime. Strong organisational and administrative skills are essential, along with good Excel and Word proficiency.
Senior Delegated Authority Audit Analyst in Edinburgh employer: Insight Recruitment Solutions Ltd
Contact Detail:
Insight Recruitment Solutions Ltd Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Delegated Authority Audit Analyst in Edinburgh
✨Tip Number 1
Network like a pro! Reach out to folks in the industry, especially those who work with Delegated Authority or in audit roles. A friendly chat can lead to insider info about job openings that aren't even advertised yet.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of the Lloyd's market and regulatory requirements. We want you to be able to discuss how your skills align with the role, so practice articulating your experience with Coverholder and DCA agreements.
✨Tip Number 3
Showcase your organisational skills! During interviews, share examples of how you've managed audit processes or developed oversight programmes. This will demonstrate your ability to handle the responsibilities of the Senior Delegated Authority Audit Analyst role.
✨Tip Number 4
Don't forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who are proactive about their job search!
We think you need these skills to ace Senior Delegated Authority Audit Analyst in Edinburgh
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Senior Delegated Authority Audit Analyst role. Highlight your experience with audit management, risk oversight, and regulatory compliance. We want to see how your skills align with what we're looking for!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for our team. Mention specific experiences that relate to the job description, especially around audit plans and stakeholder communication.
Showcase Your Technical Skills: Don’t forget to mention your proficiency in Excel and Word. We love seeing candidates who can handle data and reports effectively. If you have any experience with audit policies or procedures, make sure to include that too!
Apply Through Our Website: We encourage you to apply through our website for a smoother application process. It helps us keep track of your application and ensures you don’t miss out on any important updates from us!
How to prepare for a job interview at Insight Recruitment Solutions Ltd
✨Know Your Stuff
Make sure you brush up on your knowledge of the Lloyd's market, Binding Authorities, and Coverholder issues. Familiarise yourself with the regulatory requirements like Delegated Authority and Consumer Duty. This will not only help you answer questions confidently but also show that you're genuinely interested in the role.
✨Prepare for Scenario Questions
Expect to be asked about how you would handle specific audit situations or challenges. Think of examples from your past experience where you've successfully managed audits or compliance issues. Use the STAR method (Situation, Task, Action, Result) to structure your answers clearly.
✨Showcase Your Organisational Skills
Since strong organisational skills are essential for this role, be ready to discuss how you manage multiple audits and deadlines. You might want to share tools or methods you use to keep track of audit progress and ensure timely follow-ups on recommendations.
✨Engage with Stakeholders
Communication is key in this role, so prepare to talk about how you’ve effectively engaged with business and market stakeholders in the past. Highlight any experiences where you’ve had to explain complex compliance issues or audit findings to non-experts, as this will demonstrate your ability to convey important information clearly.