Underwriting Governance & Controls Senior Analyst Lloyds

Underwriting Governance & Controls - Senior Analyst, UK & Lloyds

London, UK

AXA XL’s culture of profitable growth is at the core of our underwriting ethos, and the primary driver of both strategic and day-to-day decisions. As an extensive global business, we take pride in teamwork, underwriting excellence, discipline, and the implementation of consistent underwriting standards, practices and procedures. We aim to consistently outperform the competition and attract the best talent by being the employer of choice in the UK & Lloyd’s market.

As the Underwriting Governance & Controls Senior Analyst in the UK & Lloyd’s region you will embody these values. Your primary role will be to support the Head of Underwriting Governance as well as the regional underwriting leaders by ensuring that underwriting in the region is provided with timely, accurate and complete management information and analysis. You will also be responsible for ensuring that underwriting activities adhere to internal and external (including regulatory) control and governance standards.

The role requires a proven ability to positively and effectively manage a complex blend of global and regional priorities and agendas, whilst driving consistency of approach and efficiencies.

What will your essential responsibilities include?

• Work with the UK & Lloyd’s Head of Underwriting Governance as well as the UK & Lloyd’s underwriting leaders to ensure effective governance and controls.
• Support with preparation of committee reports, packs and MI for the Underwriting Governance and Controls Committee, including secretarial duties.
• Produce regular dashboards and scorecards to measure performance against governance and controls.
• Maintain the first line of defence framework and processes to ensure compliance with underwriting governance and controls both in open market and delegated authority placements. Support Regional Product Leads with the execution of first line controls.
• Maintain a sound control environment by leveraging good practices, common processes and technology, collaborating with Global Underwriting Management, Middle Office, Delegated Authorities Service Centre etc. for both open market and delegated business.
• Co-ordinate with our Regional Product Leaders and 2nd and 3rd lines of defense (Risk Management, Compliance, Internal Audit) to learn lessons and continuously improve business processes and controls across all applicable products and functions.
• Leverage common processes and technology to drive efficiency and simplicity across products and functions, and where applicable across regions (in collaboration with Global CUO, Divisional Governance, Middle Office).
• Monitor performance against Lloyd’s requirements, as well as PRA and FCA standards and requirements; manage action plans and monitor effectiveness regularly.
• Collaborate and coordinate governance tasks and share best practices with colleagues from the other Business Units.

You will report to the Head of Underwriting Governance, UK & Lloyd’s

We’re looking for someone who has these abilities and skills:

• Good understanding of Lloyd’s underwriting regulatory requirements
• Good understanding of Lloyd’s operations, Lloyd’s Principles of Doing Business, FCA and PRA regulation and requirements as they may apply to insurance underwriting activities
• Excellent stakeholder management and influencing skills
• Excellent knowledge of underwriting operations
• Project management capability
• Underwriting and/or Under wiring Operations experience

Inclusion

AXA XL is committed to equal employment opportunity and will consider applicants regardless of gender, sexual orientation, age, ethnicity and origins, marital status, religion, disability, or any other protected characteristic. At AXA XL, we know that an inclusive culture and enables business growth and is critical to our success. That’s why we have made a strategic commitment to attract, develop, advance and retain the most inclusive workforce possible, and create a culture where everyone can bring their full selves to work and reach their highest potential.

It’s about helping one another — and our business — to…