Delegated Authority Auditor

You will be responsible for managing and successful delivery of the Coverholder/DCA audit programme.

Managing the audit team you will be responsible for oversight and relationship management of externally appointed Audit and DA Consultancy Firms. You will report to the Group Deputy Head of Delegated Authority Services.

This role includes responsibility for:

• Oversight and management of the Delegated Authority Audit Team, with responsibility for meeting service level standards for the business.

• Responsible for maintaining the DA Audit Team’s assurance plan for specific programme of Coverholder and DCA Audits, as outlined within the delegated authority framework.

• Build and maintain strong, effective relationships with key internal and external stakeholders, working closely as required with external auditors and other providers of independent assurance to deliver audits across the entire portfolio yet providing assurance on a cost-effective basis.

• Management oversight of the Audit Coordinator performance over the market coordination and Pre-Audit.

• Act as primary interface with Lloyd’s on all Audit matters concerning Business as Usual and future development. Maintain an effective relationship with the Lloyd’s Audit Coordination team.

• Ensuring Lloyd’s DAM is effectively utilised for both solo as well as market coordinated Coverholder/DCA audit programme.

• Oversee monitoring the closure of audit assignments upon satisfactory conclusion (where applicable: participate in closing meetings, committee presentation, prepare high level documentation for discussion with and review by internal stakeholders, agree factual accuracy of audit findings with auditees, collate management responses to audit recommendations, manage the archive audit files etc).

• Oversight of all audit recommendations across the portfolio, timely closure and reporting to oversight committee.

• Oversight and approval of audit fees.

• Management of the on-going conduct and abilities of all Audit Firms and responsibility for the management of annual review of all audit firms performance and suitability.

• To have a clear understanding of the company's risk appetites in terms of delegated authority, conduct (inc New Consumer Duty) and financial crime.

• To ensure all external Partners/DCAs & Coverholders understand & comply with our required conduct and compliance standards.

• Managing the escalation of Delegated Authority Audit issues through the appropriate internal and external committees; working groups and forums.

• To regularly review and make recommendations for any changes to the DA Audit team process and procedures.

• To provide regular analysis and management information reporting on audit programme progress and performance; any audit issues and escalations.

You must have

• Thorough command and knowledge of the Lloyd’s Delegated Authority compliance process together with team management experience.

• Detailed knowledge of Lloyd's market, Delegated Authorities and Coverholder issues.

• Extensive experience within London market insurance is a pre-requisite – Lloyd’s experience is not a pre requisite, but would be strongly preferred.

• Track record of working with high quality insurance organisations and in a high-volume business.