Underwriting & Regulatory Risk Executive


Our client is looking to hire a Underwriting & Regulatory Risk Executive to join their London based office on a Permanent basis.

Ref: 49198

  • Location: London
  • Category: Risk
  • Type: Permanent


Key Duties:

  • Primary focus will be their Direct distribution channel, including aggregators and partners, you will be capable of supporting their Broker channel, and of operating in a digitally orientated environment
  • Assisting the Underwriting & Regulatory Risk Manager to fulfil requests from the regulator and the ABI, including collating input from multiple teams and working with them to resolve issues
  • Participating in the following governance activities:
    • Maintaining the GI Underwriting Statement of Practice and Appetite for their product range, and supporting activities to secure annual Board approval
    • Assisting with the definition of best practice for underwriting and pricing controls for GI
    • Coordinating an annual programme of GI deep dives/audits to ensure that product governance and operational controls are fit for purpose and result in good customer outcomes and appropriate technical decisions
    • Producing the agenda and pack for the monthly Product Governance Forum
    • Maintaining a central library of underwriting policies and practices, ensuring regular review and update
    • Validating the content of the annual attestation certificate for Underwriting, ensuring that risk exposure has been accurately assessed and controls are functioning properly
    • Maintaining close working relationships with colleagues from Risk, Compliance, Operations, Pricing and Broker to ensure a joined up approach
    • Reporting to and participating in relevant operational and governance forums
    • Coordinating action to respond to product and pricing risk events and customer conduct issues to ensure they are resolved
    • Monitoring market and regulatory developments to identify threats and opportunities, briefing the Underwriting and Regulatory Risk Manager, and making recommendations as appropriate
    • Contributing to underwriting risk or regulatory projects or research
    • Coaching underwriters and other colleagues to develop their regulatory knowledge (including relating to customer conduct)


Other Skills:

  • Inquisitive and passionate about the customer – focused on ensuring that they have the governance and reporting in place to deliver excellent customer outcomes and to comply with the expectations of their regulators
  • Collaborative approach will enable you to work with other functional areas to deliver high quality output to tight deadlines, while managing multiple priorities
  • You will be self-motivated and confident engaging with people across different areas of the business
  • Have good attention to detail, analytical and communication skills (including reports and presentations), and the ability to manage stakeholders
  • You will proactively identify risks or opportunities and have a can-do attitude. You will have a pragmatic approach and enjoy being part of a small, busy team that has a significant influence on their business

Experience required:

  • Will have underwriting, risk management or compliance experience, with an understanding of the GI market and regulatory regime, including conduct risk


Matthew Waterworth

Recruitment Consultant - Insurance

T: +44 (0) 203 867 9832

Email me


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