Job Description
The Role
The Canopius Delegated Underwriting Audit team is a vital part of the Delegated Authority Management function within the Operations Department. The main purpose of the Delegated Authority Management function is to provide appropriate governance, frameworks, and controls of the Delegated Authority Portfolio in order to mitigate risks and ensure a profitable outcome for the business.
The Delegated Audit part of the team is responsible for the delivery of the end-to-end delegated authority audit process for both Coverholders with underwriting and claims authority and Delegated Claims Administrators (DCA's). The role of Senior Delegated Audit Analyst reports to the Delegated Authority Audit Manager. This role provides important support in ensuring that all delegated activities under lead binding authority agreements comply with the internal company policies, Lloyd's and industry regulations, and best practice. The role further provides continued support to and deputizes for the Delegated Authority Audit Manager as required.
Responsibilities
Key Responsibilities: Undertaking day-to-day, annual, and ad hoc audit specific activities, including: scheduling, scoping, audit report reviews, and selection of recommendation outcomes of both Coverholder and DCA audits. Manage response to and from underwriters, brokers, claims teams, Coverholders, and DCA's in respect of audits. Act as a point of liaison and referral with Lloyd's Central Audit Function with respect to coordinated Coverholder and DCA audits. Manage and maintain the audit TOBA process for auditors. Manage the timely agreement and payment of quotes and invoices via the Xchanging system. Complete peer reviews of audit report analysis performed by other team members. Undertake reviews of conduct risk within the business including binders and master policies. Review consortia and line slips in line with the Delegated Underwriting policy. Ensure through audit oversight that conduct minimum standards are maintained. Assist in maintaining, updating, and circulating any relevant Delegated Authority information from Lloyd's, FCA, LMA, or other local regulatory body. Review and analyze audit, conduct risk, financial crime, and DAM data, providing commentary under the oversight of the Delegated Audit Manager. Analyze and provide commentary for DMF, CHMC, and COG (internal committees) reporting packs under the oversight of the Delegated Audit Manager. Complete weekly, monthly, and ad hoc MI in support of management when required and provide sound accurate rationale when submitting. Deputize for the Delegated Audit Manager where required through attendance at internal and external stakeholder meetings and committees and/or act as a point of referral. Qualifications
Skills:
Strong knowledge of processes and practices of delegated authority underwriting, claims, complaints, and conduct, preferably at Lloyd's. Good working knowledge of audit management software and Lloyd's tools such as: DAM, ATLAS, and DCOM. Analytical abilities to review audit reports and make judgments on follow-up referrals and actions. Effective communication and collaboration with cross-functional teams. Capacity to adapt to changing regulations and business environments. Attention to detail.
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The Role
The Canopius Delegated Underwriting Audit team is a vital part of the Delegated Authority Management function within the Operations Department. The main purpose of the Delegated Authority Management function is to provide appropriate governance, frameworks, and controls of the Delegated Authority Portfolio in order to mitigate risks and ensure a profitable outcome for the business.
The Delegated Audit part of the team is responsible for the delivery of the end-to-end delegated authority audit process for both Coverholders with underwriting and claims authority and Delegated Claims Administrators (DCA's). The role of Senior Delegated Audit Analyst reports to the Delegated Authority Audit Manager. This role provides important support in ensuring that all delegated activities under lead binding authority agreements comply with the internal company policies, Lloyd's and industry regulations, and best practice. The role further provides continued support to and deputizes for the Delegated Authority Audit Manager as required.
Responsibilities
Key Responsibilities: Undertaking day-to-day, annual, and ad hoc audit specific activities, including: scheduling, scoping, audit report reviews, and selection of recommendation outcomes of both Coverholder and DCA audits. Manage response to and from underwriters, brokers, claims teams, Coverholders, and DCA's in respect of audits. Act as a point of liaison and referral with Lloyd's Central Audit Function with respect to coordinated Coverholder and DCA audits. Manage and maintain the audit TOBA process for auditors. Manage the timely agreement and payment of quotes and invoices via the Xchanging system. Complete peer reviews of audit report analysis performed by other team members. Undertake reviews of conduct risk within the business including binders and master policies. Review consortia and line slips in line with the Delegated Underwriting policy. Ensure through audit oversight that conduct minimum standards are maintained. Assist in maintaining, updating, and circulating any relevant Delegated Authority information from Lloyd's, FCA, LMA, or other local regulatory body. Review and analyze audit, conduct risk, financial crime, and DAM data, providing commentary under the oversight of the Delegated Audit Manager. Analyze and provide commentary for DMF, CHMC, and COG (internal committees) reporting packs under the oversight of the Delegated Audit Manager. Complete weekly, monthly, and ad hoc MI in support of management when required and provide sound accurate rationale when submitting. Deputize for the Delegated Audit Manager where required through attendance at internal and external stakeholder meetings and committees and/or act as a point of referral. Qualifications
Skills:
Strong knowledge of processes and practices of delegated authority underwriting, claims, complaints, and conduct, preferably at Lloyd's. Good working knowledge of audit management software and Lloyd's tools such as: DAM, ATLAS, and DCOM. Analytical abilities to review audit reports and make judgments on follow-up referrals and actions. Effective communication and collaboration with cross-functional teams. Capacity to adapt to changing regulations and business environments. Attention to detail.
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