Senior Manager, Managing Agent Authorisation

This newly created role within the Market Development team at Lloyd's presents a compelling opportunity for a seasoned professional to play a pivotal role in shaping the future of the world's leading insurance and reinsurance marketplace. If you are passionate about risk, innovation, and fostering a more sustainable, resilient, and inclusive future, this position offers a unique platform to make a significant impact.

Key Advantages for Candidates:

• Strategic Influence: You will be at the forefront of assessing and guiding new Managing Agents into the Lloyd's market. This involves significant strategic input and decision-making, directly influencing the market's growth and composition.
• High-Profile Collaboration: The role necessitates building strong, trusted partnerships with senior counterparts at the PRA and FCA, as well as engaging with senior leaders of potential and existing Lloyd's businesses. This offers unparalleled exposure to regulatory bodies and market leaders.
• Project Leadership & Ownership: You will project manage the entire lifecycle of Managing Agent applications, from initial enquiry to post-authorisation activities. This end-to-end ownership provides a rich and rewarding experience in driving complex processes to successful completion.
• Subject Matter Expertise: This position offers the chance to become a leading subject matter expert on new Managing Agent authorisations at Lloyd's, advising and guiding colleagues and shaping the internal operating framework.
• Impactful Contribution: With unprecedented levels of interest in new entrants, this role is crucial for ensuring sustainable and profitable growth. Your contributions will directly shape the market's ability to address complex risks and drive progress.
• Career Development & Learning: Lloyd's emphasizes professional development, offering financial support for training and education, alongside a comprehensive benefits package that includes health and wellbeing programs, mentoring, and a flexible working environment.
• Values-Driven Culture: The organization is deeply committed to its values of being brave, stronger together, and doing the right thing. If these principles resonate with you, you will find a supportive and aligned work environment.
• Diversity & Inclusion Focus: Lloyd's is dedicated to fostering a diverse and inclusive environment that reflects the global markets it serves. This commitment extends to workplace adjustments, regular training, and employee networks, enabling everyone to reach their full potential.

Key Considerations for Candidates:

• Regulatory Acumen: A strong understanding of PRA and FCA authorization requirements for new Managing Agencies is highly beneficial. This includes familiarity with governance structures, SMCR expectations, and PRA/FCA threshold conditions.
• Risk Assessment Skills: The ability to critically assess the suitability of new entrants, identify potential risks to Lloyd's and the UK regulatory perspective, and articulate mitigation strategies is paramount.
• Stakeholder Management: This role requires exceptional skills in engaging with and influencing cross-functional teams and senior stakeholders, including delivering difficult messages effectively.
• Process Rigor: Candidates must appreciate and communicate the rigorous nature of the authorization process, including the time, human, and financial resources required from applicants.
• Adaptability: Operating in a dynamic and evolving market, candidates should be adaptable and able to navigate a matrix environment with multiple stakeholders.
• Analytical & Communication Skills: Strong analytical skills are needed to evaluate applications, and excellent written and verbal communication skills are essential for drafting recommendation memos and leading discussions.

This opportunity is ideal for individuals who are driven by a desire to contribute to a leading global financial institution, possess a strong understanding of regulatory frameworks, and are eager to foster a more resilient and innovative future for the insurance industry. If you align with Lloyd's values and are looking to leverage your expertise in a role with significant influence and impact, this position is certainly worth exploring.