Delegated Authority Due Diligence & Audit Consultant
Posted 1 day ago by G MASS Consulting
Negotiable
Undetermined
Undetermined
London, England, United Kingdom
Summary: This role involves overseeing the delegated authority oversight team for a leading Lloyd's Syndicate, focusing on due diligence, onboarding, monitoring, and auditing of coverholders and TPAs. The position requires strong stakeholder coordination and a deep understanding of the delegated authority model, along with experience in relevant platforms. The consultant will ensure compliance with Lloyd's Minimum Standards and internal governance frameworks while managing relationships end-to-end. This hands-on role is critical for safeguarding the business's operations and compliance.
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.
Key Skills:
- 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): undetermined
City: London
Country: United Kingdom
Working Arrangements: undetermined
IR35 Status: undetermined
Seniority Level: undetermined
Industry: Other
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.
Requirements
- 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).
Benefits
Salary/rate to be discussed.