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- Tasks: Lead audits of third-party underwriting agents and ensure compliance with regulations.
- Company: Join a leading insurance organisation making waves in the industry.
- Benefits: Enjoy competitive pay, flexible working options, and a vibrant company culture.
- Why this job: Make a real impact on governance and risk management while growing your career.
- Qualifications: Proven experience in auditing with knowledge of regulatory frameworks required.
- Other info: This role offers a chance to influence senior leadership decisions.
The predicted salary is between 54000 - 84000 £ per year.
A leading insurance organisation is seeking an experienced Senior Delegated Authority Auditor to lead critical audits of third-party underwriting agents (MGAs), coverholders, and binding authorities across its delegated authority portfolio. This is a high-impact role, central to ensuring robust governance, regulatory compliance, and effective risk management across delegated underwriting arrangements.
Key Responsibilities:
- Lead Strategic Audits: Design and execute risk-based audit plans covering underwriting, sales, claims, and complaints, from planning to reporting.
- Customer-Centric Assessments: Conduct file reviews and call listening to evaluate customer journeys and identify any gaps in regulatory or outcome-based performance.
- Ensure Regulatory Compliance: Monitor and assess adherence to FCA, PRA, Lloyd’s standards, internal policies, and contractual agreements.
- Manage Stakeholder Risk: Escalate material risks promptly with actionable insights for leadership and governance forums.
- Drive Continuous Improvement: Deliver risk-rated audit reports with practical remediation strategies and track resolution.
- Shape Oversight Strategy: Use audit findings and performance trends to influence partner oversight and embed best practices across functions.
What We’re Looking For:
A confident and proactive audit professional with deep knowledge of delegated authority arrangements, regulatory frameworks, and the ability to challenge and influence at a senior level.
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Senior Delegated Authority Auditor | London, UK employer: MLM Search
Contact Detail:
MLM Search Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Delegated Authority Auditor | London, UK
✨Tip Number 1
Familiarise yourself with the latest regulatory frameworks relevant to delegated authority arrangements. Understanding the nuances of FCA, PRA, and Lloyd’s standards will not only boost your confidence but also demonstrate your commitment to compliance during interviews.
✨Tip Number 2
Network with professionals in the insurance auditing field. Attend industry events or webinars where you can meet current auditors and learn about their experiences. This can provide valuable insights and potentially lead to referrals for the position.
✨Tip Number 3
Prepare to discuss specific examples of how you've led audits in the past. Highlight your ability to design risk-based audit plans and how your findings have influenced governance strategies. Real-life scenarios will make your application stand out.
✨Tip Number 4
Stay updated on trends in customer-centric assessments and risk management. Being able to speak knowledgeably about current challenges and solutions in these areas will show that you're proactive and ready to contribute from day one.
We think you need these skills to ace Senior Delegated Authority Auditor | London, UK
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities of a Senior Delegated Authority Auditor. Familiarise yourself with key terms like MGAs, FCA, and PRA to demonstrate your knowledge in your application.
Tailor Your CV: Highlight relevant experience in auditing, particularly with delegated authority arrangements. Use specific examples that showcase your ability to lead audits, manage stakeholder risks, and ensure regulatory compliance.
Craft a Compelling Cover Letter: In your cover letter, express your passion for the role and how your skills align with the company's needs. Mention your proactive approach and ability to influence at a senior level, as these are crucial for this position.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any errors or inconsistencies. A polished application reflects your attention to detail, which is essential for an auditor.
How to prepare for a job interview at MLM Search
✨Understand the Regulatory Landscape
Familiarise yourself with the FCA, PRA, and Lloyd’s standards relevant to delegated authority arrangements. Being able to discuss these frameworks confidently will demonstrate your expertise and readiness for the role.
✨Prepare for Scenario-Based Questions
Expect questions that assess your ability to handle real-world audit scenarios. Prepare examples from your past experience where you successfully identified risks or implemented improvements in audit processes.
✨Showcase Your Stakeholder Management Skills
Be ready to discuss how you've effectively managed relationships with stakeholders in previous roles. Highlight instances where you escalated risks and provided actionable insights to leadership.
✨Emphasise Continuous Improvement
Discuss your approach to driving continuous improvement within audit functions. Share specific examples of how your audit reports led to practical remediation strategies and enhanced governance.
