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Permanent

Delegated Authority Due Diligence & Audit Consultant

London
money-bag Negotiable
Posted 2 days ago

We’re working with a leading Lloyd’s Syndicate to appoint a highly experienced professional to strengthen their delegated authority oversight team. This role will be responsible for the due diligence, onboarding, monitoring and audit of coverholders and TPAs – ensuring compliance with Lloyd’s Minimum Standards, FCA/PRA requirements and the Syndicate’s internal governance framework.You will play a key role in safeguarding the business by managing delegated relationships end-to-end, from onboarding and risk assessment to ongoing performance oversight and audit remediation.This is a hands-on role requiring excellent stakeholder coordination, a strong understanding of the delegated authority model and ideally experience with platforms such as PoloWorks, DCOM, and Atlas.Key Responsibilities:Conduct due diligence on new and existing coverholders.Oversee coverholder/TPA audits and manage external auditors.Review and track audit findings and remediation actions.Maintain accurate records on systems (e.g. Atlas, DAM, DCOM).Ensure compliance with Lloyd’s Minimum Standards and regulatory frameworks.Support internal governance reporting and audit processes.Act as a point of contact for coverholder compliance queries.Experience in delegated authority, compliance, or underwriting operations.Thorough understanding of the Lloyd’s delegated authority model and regulatory frameworks.Demonstrated experience conducting due diligence reviews and/or managing coverholder audits.Strong working knowledge of systems such as PoloWorks, DCOM, Atlas, and DAM.Strong attention to detail and risk awareness.Excellent stakeholder communication and coordination skills.Experience managing audits and third-party auditors.Understanding of international insurance regulation.Relevant professional qualifications (e.g. CII, ICA).Salary/rate to be ..... full job details .....

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