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As part of the Technical Underwriting & Delegated Authority Oversight team (1st Line), you will help ensure that their products meet regulatory expectations and deliver clear value to customers.
Job Responsibility:
Ensure that the underwriting community across both are adhering to the Product Governance Framework in place
Strong working knowledge of Lloyd’s, FCA and CBI regulations (preferred but not essential) and UK Consumer Duty requirements
Undertake both annual and periodic reviews of new and existing products and services to ensure they remain suitable and compliant with both internal and regulatory requirements including maintaining the Product Register
Oversee the process for approval of new products and material changes to existing products, ensuring that underwriters have undertaken appropriate assessments in line with the framework and that they are appropriately presented to the Product Oversight Group (POG)
Requirements:
Product Governance experience within a Lloyd’s Managing Agent, Insurance Company, Broker or Coverholder/MGA is preferable
Experience in reviewing and deploying regulatory advice to 1st line teams is preferred
Solid experience utilizing technology platforms including Workflows, and MS Office suite (particularly MS Excel) amongst others