We have the opportunity for a
Delegated Authority Audit Manager to join our
Delegated Authority department here at
Tokio Marine Kiln. Reporting into the Head of Delegated Authority Services, you will be responsible for managing and successful delivery of the entire TMK Coverholder/DCA audit programme. Managing the Delegated Audit Team, you will be responsible for the oversight and relationship management of externally appointed Audit and DA Consultancy Firms.
This role includes responsibility for:
- Oversight and management of the Delegated Authority Audit Team, with responsibility for meeting service level standards for the business.
- Responsible for maintaining the DA Audit Team’s assurance plan for specific programme of Coverholder and DCA Audits, as outlined within the delegated authority framework.
- Build and maintain strong, effective relationships with key internal and external stakeholders, working closely as required with external auditors and other providers of independent assurance to deliver audits across the entire portfolio yet providing assurance on a cost-effective basis.
- Act as TMK’s primary interface with Lloyd’s on all Audit matters concerning Business as Usual and future development. Maintain an effective relationship with the Lloyd’s Audit Coordination team.
- Ensuring Lloyd’s DAM is effectively utilised for both TMK’s solo as well as market coordinated TMK Coverholder/DCA audit programme.
- Adherence to the TMK Internal Control Framework (ICF).
- To work closely with TMK’s internal teams (including but not limited to: Compliance; Customer Oversight, DA Advsiory, DA Data Management, Underwriting and Claims) to ensure that audit can be targeted in the correct way and that all current market, regulatory and TMK specific issues are audited effectively.
- Oversee monitoring the closure of audit assignments upon satisfactory conclusion (where applicable: participate in closing meetings, committee presentation, prepare high level documentation for discussion with and review by internal stakeholders, agree factual accuracy of audit findings with auditees, collate management responses to audit recommendations, manage the archive audit files etc).
- Management of the on-going conduct and abilities of all Audit Firms and responsibility for the management of annual review of all audit firms performance and suitability.
- To ensure all external Partners/DCAs & Coverholders understand & comply with our required conduct and compliance standards.
- Managing the escalation of Delegated Authority Audit issues through the appropriate internal and external committees; working groups and forums.
- Ensuring TMK’s continued adherence to current Lloyd's Oversight Framework and the Principles within.
The successful candidate will have thorough command and knowledge of the Lloyd’s Delegated Authority compliance process as well as extensive experience within London market insurance. You must also have a track record of working with high quality insurance organisations and in a high-volume business. We are looking for someone with strong leadership skills, who has the resilience to change and challenge.
The successful candidate will be welcomed into the TMK family to help us further our purpose of enabling our clients to fulfil their ambitions whilst benefiting society and our people. We are committed to ensuring a safe, open, inclusive and empowering environment in which all of our people can thrive. All employees have the opportunity to join one or a number of inclusion network groups or take part in CSR and charitable activities. TMK is signed up to the Disability Confident Employer Scheme and we also accommodate flexible working, subject to the TMK flexible working policy.
As an underwriting firm with over 140 years’ experience of protecting clients from changing risks we put our confidence in the ability and talent of our people. We aim to be a ‘Good Company’ and this means being a great and inclusive company to do business with and being a great place to work. Our culture is founded on our core values of empowerment, inclusion, excellence, integrity, teamwork and innovation. We seek to recruit the best talent by endeavouring to reach diverse talent pools, offering dynamic working arrangements and investing in development.
To make your experience as comfortable as possible, please let us know if you require any reasonable adjustments or additional assistance during your application process. At Tokio Marine Kiln we are here to support you, please be reassured that we will do all that we can to ensure that your specific needs are met. Please reach out to jay.lewis@tokiomarinekiln.com in confidence, to discuss any specific assistance or requirements that you have.
If you encounter difficulties submitting your application, please email recruitment@tokiomarinekiln.com.
If you are interested in this vacancy and would like to apply or find out more, please follow the links to apply. You can also share this vacancy with your network using a number of social media platforms.
