Delegated Authority Oversight Manager

This opportunity within the Delegated Authority division at Lloyd's presents a compelling role for experienced professionals looking to shape the future of the insurance and reinsurance market. If you are passionate about risk, possess strong analytical skills, and thrive in a collaborative environment, this position offers a chance to make a significant impact.

Key Advantages for Candidates:

• Strategic Influence: You will be at the forefront of driving market sophistication and capability in delegated authority. This is a chance to influence how MGAs operate and ensure adherence to best practices, directly contributing to a more resilient and sustainable market.
• Proactive Risk Management: The role emphasizes a proactive, risk-based approach. You will have the opportunity to identify, assess, and address potential risks, implementing robust and proportionate interventions. This requires sharp analytical skills and the ability to make considered decisions.
• Thought Leadership and Development: You will contribute to the creation of a Delegated Authority center of excellence. This includes responding to complex market queries, contributing to thought leadership, and updating guidance materials, positioning you as an expert in the field.
• Global Reach and Collaboration: This role involves handling complex market queries globally and supporting Country Managers. You will collaborate with various internal teams and external stakeholders, offering exposure to diverse markets and challenges.
• Impactful Decision-Making: You will be empowered to make risk-based decisions and take appropriate remedial actions, including imposing interventions. This autonomy is coupled with the responsibility of escalating high-impact issues, demonstrating a significant level of trust and responsibility.
• Commitment to Diversity and Inclusion: Lloyd's is actively building a diverse and inclusive environment. This commitment is reflected in their support for workplace adjustments, wellbeing programs, diversity training, and various employee networks and opportunities for professional development.
• Flexible and Rewarding Work Environment: The organization champions work-life balance through a hybrid working model and offers a comprehensive total reward package. This includes financial support for training and development, a flexible benefits allowance, an employee recognition scheme, and various discount programs.

Key Considerations for Candidates:

• Deep Market Understanding: A strong understanding of the delegated authority model within the insurance and reinsurance market is crucial. This includes familiarity with MGAs, broker facilities, and structured programme providers.
• Analytical and Risk Assessment Skills: The role demands a rigorous, risk-based approach. Candidates should be adept at conducting capability assessments, identifying potential risks, and making informed, data-driven decisions.
• Relationship Management: Building meaningful, open, and transparent relationships with allocated Managing Agents is a core component of effective oversight. Strong interpersonal and communication skills are therefore essential.
• Navigating Complexity: You will be expected to handle complex market queries and address challenging situations, including problematic MGAs. This requires resilience, problem-solving capabilities, and the ability to articulate Lloyd's risk appetite clearly.
• Alignment with Values: The core values of being brave, stronger together, and doing the right thing are paramount. Candidates who resonate with these principles and are passionate about building a sustainable, resilient, and inclusive future will find a strong cultural fit.

This position offers an exceptional opportunity to contribute to a leading global marketplace, drive positive change, and advance your career in a supportive and dynamic environment. If you are ready to take on a senior role and help shape the future of delegated authority business, this could be the ideal next step for you.