Manager. Regulatory Policy

5 days ago


London, United Kingdom XL CATLIN Full time

AXA XL’s culture of profitable growth is at the core of our business unit ethos, and the primary driver of both strategic and day-to-day decisions. As an extensive global business, we take pride in our raise the bar behaviours and strategic drivers, to unlock the potential of our clients, brokers, coverholders, and employees. The mission of the Delegated Authority Service Centre (DASC) is to support the AXA XL UK & Lloyd’s ambition to be the preferred insurer for Delegated Authority business in the London Market.
You will manage and oversee the onboarding and due diligence processes for new coverholders and delegated claims authorities, including conducting thorough due diligence, coordinating operational setups, and managing renewal processes.
Lead the onboarding process for new delegated authority partners, including conducting due diligence, contract negotiation, and system setup.
# Coordinate and complete the Conduct Risk Evaluation (CRE).
# Suggest binder policy wording edits and complete binder policy wording sign-offs.
# Complete the operational set-up for new CH/DCA, including registry on system, data entry, BDX mapping & feed development, and document production/review.
# Obtain HPR/MPR/LPR ratings from Conduct Risk and coordinate all required governance approvals.
# Manage all aspects related to renewal management: contracts, extension of authority, support annual reviews, etc.
# Ensure compliance with regulatory requirements and company policies for delegated authority arrangements.
# Contribute to improving regulatory relationships with a unified approach with other touchpoints.
# Conduct risk assessments and financial evaluations of potential delegated authority partners.
# Provide training and support to internal and external stakeholders on delegated authority onboarding and due diligence processes.

Bachelor’s degree preferred and experience in insurance with a focus on delegated authority onboarding and due diligence.
# Strong understanding of regulatory requirements and compliance.
# Ability to manage multiple tasks and projects simultaneously.
# 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.
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