Delegated Authority Oversight Manager

New Vacancy - Delegated Authority Oversight Manager
Lloyd's Insurer
City of London

I am currently partnered with a leading Lloyd's player who are seeking a Delegated Authority Oversight Manager to join their growing team.

My client is looking for an experienced Delegated Authority expert within the Lloyd's Market who has experience managing the full coverholder process, overseeing and providing full oversight on Managing Agents, reviewing new MGA's and onboarding these, and much more.

The ideal candidate will have extensive Operational Delegated experience from an MGA or Syndicate environment.

Key Responsibilities

• Provide oversight of allocated Managing Agents to ensure compliance with Lloyd's Principles for Doing Business, with particular focus on Delegated Authority arrangements.
• Identify, assess, and proactively address potential risks, intervening early and escalating issues where appropriate.
• Deliver targeted, risk-based capability assessments, ad hoc assurance activity, and thematic reviews to support effective oversight.
• Champion a "best-in-class" approach to governance, management, and Delegated Authority operating models across the market.
• Make informed, proportionate, and risk-based decisions to achieve appropriate outcomes through effective collaboration with colleagues across Lloyd's.
• Maintain and articulate the Lloyd's view of the Delegated Authority capability of allocated Managing Agents, contributing to relevant governance and decision-making forums.
• Build strong, open, and transparent relationships with allocated Managing Agents to enable effective oversight and timely information sharing.
• Apply a risk-based approach to provide enhanced oversight of a small number of highly material MGAs, broker facilities, and structured programme providers.
• Lead the management of underperforming or high-risk MGAs, exercising authority to implement appropriate remedial actions in line with the Third-Party Material Issues framework, and escalating significant concerns where necessary.
• Work collaboratively through the Delegated Authority Indicator Framework (DAIF) with Lloyd's review teams and the Delegated Underwriting Performance team to ensure oversight activity is aligned with agreed objectives and priorities.
• Proactively identify and drive opportunities for operational efficiency, including eliminating low-value activity, automating processes, or outsourcing where appropriate.
• Manage complex market enquiries relating to delegated authority and alternative distribution models globally, clearly communicating Lloyd's risk appetite.
• Support Country Managers by enabling effective triage and rejection of MGAs that present heightened local risk.
• Act as UK Country Manager for the review of new MGA applications sponsored by allocated Managing Agents.

• Contribute to the development of the Delegated Authority Centre of Excellence by:

• Leading on the resolution of complex market queries.
• Developing and contributing to thought leadership on key themes, emerging issues, and best practice.
• Maintaining and enhancing Delegated Authority guidance and reference materials.
• Identifying, sharing, and disseminating insights across the market and Lloyd's global networks.