The DUA Senior Analyst oversees the full lifecycle of non IT outsourced service partners and delegated authority arrangements, ensuring that all relationships operate in line with regulatory expectations, internal governance standards, and commercial objectives.
- Location: London
- Category: Compliance
- Type: Permanent
Key Duties (Including but not limited to):
- Manage the end to end process for new and renewing delegated authority arrangements, including coverholder due diligence, TPA due diligence, contract preparation and internal approval workflows
- Lead ongoing oversight activities, including bordereaux review, performance monitoring, and identification of emerging risks or control weaknesses
- Plan and manage the annual audit schedule for coverholders and TPAs, liaising with external auditors and internal stakeholders
- Act as a trusted advisor to underwriting teams, providing guidance on delegated authority structures, regulatory requirements, and best practice
- DipCII or progress toward professional qualifications (desirable but not essential)
- Strong knowledge of delegated authority frameworks within the London Market, including binding authorities, coverholders, and TPAs. Hands on experience and understanding of all governance and oversight activities in the delegated underwriting lifecycle, including due diligence, coverholder audit and bordereaux management
- Solid understanding of Lloyd’s Minimum Standards, FCA expectations, conduct risk principles, and oversight requirements
- Background within a Lloyd’s managing agent, London Market insurer, broker DA team, or specialist delegated authority consultancy
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