Job: Governance Partner Pay: Up to £65,000 Location: London/Hybrid
About the Department & Team: First line Governance has been set up as a first line underwriting support function. The main objectives of the team are:
To provide an overall view of the underwriting controls in place for all Underwriting Platforms and Teams across the business.
To provide support to the Independent Review process and ensure actions are tracked and followed up to resolve.
To ensure that the business obtains confidence that the underwriting controls and strategic plans are being complied with; and
To establish and maintain the underwriting control framework of which underwriters are required to operate, and will be monitored against.
To monitor, evaluate and independently challenge underwriting exceptions and underwriting governance frameworks.
To provide challenge to the underwriters, and hold them to account in respect of adherence to the Underwriting Controls and Procedures.
To ensure that the business, and the Regulators (including Lloyd’s) obtain confidence that the business is exercising effective control of internal Underwriting processes.
Key Responsibilities:
Keep accurate records and documentation to maintain a suitable audit trail which demonstrates the investigation and conclusion of exception reporting queries.
Providing support to the Underwriting Governance Management team in respect of any strategic developments and projects across Underwriting Governance.
Maintain the first line of defence framework and processes to ensure compliance with underwriting governance and controls.
Analysing and the thorough investigation of all governance/control reports for underwriting authority exception and peer review across the business.
Maintain and report underwriting control adherence / exception reports, identify trends and suggest remediation and improvements.
Partner with assigned underwriting classes/divisions, to provide independent challenge on matters concerning underwriting governance.
Reporting and presenting on behalf of Underwriting Governance to relevant Underwriting and legal entity Committees / Groups.
Provide support to the Independent Reviewers, and the associated classes to ensure all actions and trends are monitored, tracked and resolved.
Provide project support and ongoing maintenance of the timely update and production of the Underwriting Controls document and any associated training.
Leverage common processes and technology to drive efficiency and simplicity across products and functions, and where applicable across regions.
Skills and Experience:
The ability to manage and prioritise multiple initiatives.
Demonstrable experience of providing robust, fair and independent challenge with stakeholders
Ability to work collaboratively within a team.
Knowledge and experience of both Lloyd’s and the company markets.
Solid communication and presentation skills with the ability to manage difficult conversations.
Solid knowledge and experience of either a technical area, underwriting a commercial line of business or a role in compliance for a commercial insurer or syndicate.
Solid analytical and problem-solving skills, able to identify, analyse and resolve issues.
Knowledge of Microsoft Office Suite as well as other business-related software.
Good report authoring skills as the role will involve drafting a number of reports to stakeholders.
Ability to work in conjunction with a number of key departments including Underwriting, Legal & Compliance and Internal Audit.
