Overview

Underwriting & Regulatory Risk Manager

Permanent

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

Ref: 49199

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

Overview

Key Duties:

  • Being a GI point of contact for enquiries from the regulators and other bodies
  • Coordinating action to fulfil regulator requests, including managing input from multiple teams and working with them to resolve issues
  • Writing responses to regulator enquiries – ensuring that responses are prompt, accurate, diplomatic and represent the best interests of the firm and their customers, seeking alignment with the ABI, and obtaining Exec approval as appropriate
  • Keeping abreast of market and regulatory developments in order to identify threats and opportunities, and to brief senior management, making recommendations as appropriate
  • Deputising for the Senior Underwriting and Regulatory Risk Manager as necessary, including reporting to and attending senior management forums
  • Maintaining close working relationships with colleagues from Risk, Compliance, Operations, Pricing and Broker to ensure a joined up approach
  • Being a subject matter expert for regulatory issues from members of the Underwriting team and other parts of the business, including the Press Office and the Exec
  • Coordinating annual review and update of governance documents, such as the Underwriting Statement of Practice and Appetite for Board approval
  • Developing, coordinating and participating in the GI conduct review programme and other technical audits or deep dives
  • Supervising a small team of underwriting and regulatory risk executives, and coaching them and other colleagues to develop their regulatory knowledge (including relating to customer conduct
  • Pragmatic approach will enable you to balance customer and business needs effectively
  • You will enjoy being part of a small, busy team that has a significant influence on their business. You will be experienced in managing, developing and motivating a small team

 

Other Skills:

  • Will be 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
  • Exceptional attention to detail, analytical and communication skills (including reports, presentations and letter writing)
  • Proactively identify risks or opportunities
  • Have a collaborative approach and a can-do attitude

Experience required:

  • Have significant underwriting, risk management or compliance experience at a senior level, with an in-depth understanding of the GI market and regulatory regime, including conduct risk
  • Be practised at working 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 at all levels and with external bodies, such as the ABI or regulators (e.g. the FCA, PRA or CMA)
  • Comfortable working across Broker and Direct distribution channels, including aggregators and partners, and operating in a digitally orientated environment
  • Strong influencing skills and diplomacy, and the ability to manage Exec level and external stakeholders

Consultant

Matthew Waterworth

Recruitment Consultant - Insurance

T: +44 (0) 203 867 9832

Email me

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