Delegated UW Conduct Assistant in London

At Munich Re Specialty – Global Markets (MRS-GM), it is our ambition to become the leading Primary Specialty Insurance provider, underpinned by an effective and adaptable strategy, superior products and industry leaders working in a supportive environment to achieve this. At the heart of our success is a strong culture where people are encouraged to be present, bold and curious, allowing them to achieve their individual goals.

We are currently looking for a Delegated Underwriting Conduct Assistant to work with us on a full-time basis in our London office, reporting into the Group Head of Delegated Underwriting. You will assist with Munich Re Conduct Risk governance and processes relating to the Syndicate and all forms of delegated underwriting (DU), working with the DA Audit Manager Analyst and the wider Munich Re Delegated Underwriting team.

Responsibilities:

• Understand Conduct Risk in relation to Munich Re Delegated Underwriting and support the delivery of its end-to-end governance process.
• Contribute to the risk assessment of coverholders and other delegated authorities in Munich Re Product Catalogue, analysing target customers, distribution, product manufacturing, etc. and assisting with conduct risk questionnaires, fair value assessments, reports to the Product Oversight Group (PCRSG), etc.
• Ensure all data pertaining to Conduct risk for DU is kept complete and up-to-date using internal tools, e.g. Product Risk Calculator, and contribute to Conduct risk management information using bordereaux data or reporting tools such as QlikView and PowerBI.
• Liaise with the Underwriting Oversight and Conduct Risk team on regulatory matters and developments supporting training and communication with MRS Underwriters, Lloyd’s Brokers and Coverholders.
• Contribute to standard and ad-hoc reports.
• Help drive forward good Conduct for the business to deliver the best outcomes for customers / policyholders.
• Understand all appropriate lines of escalation and the responsibilities of Conduct governance within Munich Re and the Syndicate.
• Support the process and structure that upholds the requirements set out in the Lloyd’s Conduct Risk Minimum Standards and Complaints Principles.

Knowledge and Skills

• Knowledge

• Sound knowledge of delegated underwriting/authorities business.
• Working business knowledge and understanding of Lloyd's delegated authority tools, e.g. DAM, IMR, Atlas, DCOM.
• Report production, analysis and presentation utilising reporting tools.
• Underlying principles of insurance/reinsurance practice.
• Lloyd’s Market practices and regulation, specifically relating to delegated underwriting.
• Demonstrate clear understanding of all company specific procedures that relate to own role.
• Demonstrate clear understanding of the roles of colleagues and their relationships to the structure and operation of the department and wider organisation.
• Demonstrate willingness to continue to develop knowledge through formal and informal learning, both internally and externally to the organisation.

• Demonstrate high degree of attention to detail and accuracy and use of relevant reporting tools.
• Ability to manage own workload and to work both supportively and jointly with colleagues.
• Ability to work under pressure and flexibly when necessary, prioritising tasks, resource planning and meeting deadlines.
• Use of communication skills, both written and verbal reporting and presentation, that are both effective and meet business needs.

Diversity, Equity & Inclusion

At Munich Re, Diversity, Equity, and Inclusion foster innovation and resilience and enable us to act braver and better. Embracing the power of DEI is at the core of who we are. We recognise diversity can be multi-dimensional, intersectional, and complex, so we want to build a diverse workforce that includes a wide range of racial, ethnic, sexual, and gender identities; economic and geographic backgrounds; physical abilities; ages; life, school, and career experiences; and political, religious, and personal beliefs. Additionally, we are committed to building an equitable and inclusive work environment where this diversity is celebrated, valued, and has equitable opportunities to succeed. All candidates in consideration for any role can request a reasonable adjustment at any point in our recruitment process. You can request an adjustment by speaking to your Talent Acquisition contact.

Learning and innovating today, striving for sustainable societies and business tomorrow

At Munich Re Specialty – Global Markets our approach to ESG is underpinned by our desire to seize business opportunities and to nurture a stimulating and inclusive work environment. Our ESG strategy aims to deliver holistic impacts across environmental, social and governance topics including supporting a number of local initiatives within our community and offering volunteering opportunities for colleagues.

Benefits

• 25 days Annual Leave + Bank Holidays
• 10% Non-contributory Pension
• Eligibility for an Annual Bonus
• Private Medical + Dental Insurance
• Critical illness insurance + Life Assurance + Permanent Health Insurance
• Wellbeing and Development Scheme + EAP + Health Assessments (subject to scheme eligibility)
• Electric Vehicle Salary Sacrifice Scheme
• Study & continuing Professional Development Support
• Hybrid Working + IT Home Set-up Support

#BePresent #BeBold #BeCurious