Delegated Authority Assistant

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Delegated Authority Assistant

  • Location:

    United Kingdom

  • Contact:

    Piere Forbes

  • Contact email:

    piere.forbes@equitycity.co.uk

  • Job ref:

    364

  • Published:

    about 2 months ago

  • Expiry date:

    2024-05-11

Compliance Assistant 

Location: London City
Hybrid working: Home/ Office base
Salary: Competitive 

About the role

Responsible for assisting the Compliance Team in the execution of their duties, and in particular duties concerning the oversight and management of Delegated Authority.

Reporting to the Delegated Authority Oversight Manager, who will be responsible for managing the job holder’s day-to-day work.

Key Responsibilities
  • To assist the business in the execution of Delegated Authority management tasks, including:
  • Compliance Monitoring – Delegated Authority Under the direction of the Compliance Team, maintaining an effective compliance monitoring framework focussed on Delegated Authority: documentation of the framework; performance of monitoring work; reporting and escalation of findings; identification and implementation of enhancements.
  • Cover holder Audit Tasks: Assisting the Delegated Authority Oversight Manager with scheduling and scoping of cover holder audits. Liaising with underwriting/ claims teams and external parties as required.
  • Administration of tasks on Lloyd’s DAM system: Working with the Delegated Authority Oversight Manager, underwriting/claims teams, and brokers to address audit recommendations appropriately and within Atrium timescales, including documentation uploaded to Atrium systems.
  • Lloyd’s ATLAS Tasks: Assist the Delegated Authority Oversight Manager with tasks on the Lloyd’s ATLAS system (e.g. Cover holder permission updates/broker change applications).
  • Lloyd’s DCOM System Administration: Administer user access and task management within the Lloyd’s DCOM System; liaising with Underwriting teams and brokers where required.
  • Act as a contact point for Lloyd’s DA Oversight queries.
  • Binder Management Forum: Preparation of audit-related MI for Binder Management Forum and other internal/external audiences as may be required.

Key Skills 
  • Ability and willingness to learn and acquire knowledge in the following areas:
  • Knowledge of relevant provisions of Lloyd’s Byelaws, Regulations, and Codes of Conduct and all other relevant external requirements applicable to Delegated Authority business.
  • Knowledge of insurance, reinsurance, and reserving practice.
  • Knowledge of the standards and rules set out in the firms.
  • standards document Management Skills
  • Computer skills
  • Relationship / Communication skills
  • Negotiation skills
  • Analytical skills
  • Financial Awareness
  • Decision making