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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 an 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 60000 - 75000 £ 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.
*Our client is committed to diversity in all of its forms and operates an inclusive recruitment process.*
Senior Delegated Authority Audit Analyst 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
✨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 open doors and give you insights that job descriptions just can't.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of the Lloyd's market and regulatory requirements. We recommend having specific examples ready that showcase your experience with audit management and compliance.
✨Tip Number 3
Don’t forget to follow up after interviews! A quick thank-you email can keep you top of mind and show your enthusiasm for the role. Plus, it’s a great chance to reiterate why you’re the perfect fit.
✨Tip Number 4
Apply through our website for the best chance at landing that Senior Delegated Authority Audit Analyst role. We make it easy for you to showcase your skills and connect directly with hiring managers!
We think you need these skills to ace Senior Delegated Authority Audit Analyst
Some tips for your application 🫡
Tailor Your CV: Make sure your CV reflects the skills and experience mentioned in the job description. Highlight your knowledge of the Lloyd's market and any relevant audit management experience to catch our eye!
Craft a Compelling Cover Letter: Use your cover letter to tell us why you're the perfect fit for the Senior Delegated Authority Audit Analyst role. Share specific examples of how you've handled similar responsibilities in the past, especially around risk management and compliance.
Showcase Your Skills: Don’t forget to mention your organisational and administrative skills! We love seeing candidates who can demonstrate strong Excel and Word proficiency, as these are key to managing audit reports and presentations effectively.
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role without any hiccups!
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 regulatory requirements like Delegated Authority and Compliance. 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 communicated with various stakeholders in the past. Highlight any experience you have in presenting audit findings or working collaboratively with teams to ensure compliance and risk management.