Assurance Manager

3 weeks ago

London, United Kingdom Munich Re Full time

About Great Lakes Insurance SE:

As specialty provider of primary insurance services in the UK, Great Lakes London Branch ("GLLB") is a substantial part of Great Lakes Insurance SE in Munich. Our interlocked business model is to seize opportunities closely connected to the reinsurance core business and innovation opportunities, in our role as an integral part of the Munich Re Group. Great Lakes Insurance SE operates from its headquarters in Munich, and via branch offices in UK, Ireland, Switzerland, Italy and Australia.

Great Lakes Insurance UK Limited ("GLLS"), regulated by Prudential Regulation Authority and the Financial Conduct Authority, is a fully owned subsidiary of Great Lakes Insurance SE and acts as the preferred facilitator of agency insurance business in the UK in the post-Brexit world.

About the role:

To design, implement, manage and champion a new Delegated Authority Assurance function intended to undertake assurance activities to strengthen Great Lakes oversight and control of DA relationships. The function will ensure delivery of important feedback to the business through additional data capture and detailed analysis of information captured by Audit and reviews. It will also add value to the business via involvement in existing processes and ensure extensive quality control of the audit process. You will directly report into Head of agency Audit. You will work on a hybrid working model.

Key Responsibilities:
  • Be the dedicated function to take part in and add value to Great Lakes' existing Onboarding and Due Diligence reviews ensuring completion in a detailed and consistent manner following regulatory expectations.
  • Manage and monitor the internal issues log, collaborating with Subject Matter Experts (SMEs) to rectify and resolve issues.
  • Offer end-to-end findings management, working with ABMs, Claims and SMEs to proactively manage upcoming audit findings, to specifically avoid overdue audit findings.
  • Analyse the holistic audit results of direct OSPs across Great Lakes (underwriting, claims and agency audit) reporting results back to the business.
  • Manage the Quality Assurance and Improvement Programme of the Great Lakes Delegated Authority Audit pillar.
  • Manage all reporting formats and management information for DA Audit & Assurance Department to all relevant Boards, Executive Management Committees and other regular standing committees throughout Great Lakes.
Due Diligence
  • Design, manage and implement the Assurance Teams role in Great Lakes' Due Diligence (DD) process with relevant Heads of Department and Head of DA Audit and Assurance.
  • Consider, analyse, and report on the suitability of potential new business and partners.
  • Ensure the new function aligns its review to the DA Audit Scope, ensuring that adequate controls are in place from the start of the relationship with the OSP.
  • Discuss, agree, and formalise the review process, outcomes and follow up requirements, reporting to new business committees and escalation procedures / decision making with relevant Heads of Departments.
Internal Issues
  • Design, manage and implement a formal process to feedback potential weaknesses in Great Lakes' own processes identified in DA Audits with sign off from Head of DA Audit and Assurance. Ensures such issues are discussed and required actions designed and agreed with relevant SMEs.
  • Considers any QA Gaps in the business that could prevent ongoing internal issues reporting to Head of DA Audit and Assurance.
  • Logs and tracks identified issues and actions and reports status to COO function quarterly.
  • Undertake trend analysis of Internal Issues and ensure the business is fulfilling its regulatory requirements in terms of required oversight.
Avoiding Overdue Audit Findings
  • Works with the DA Audit team and Head of DA Audit and Assurance to review and consider overdue audit findings in existing processes.
  • Agree with DA Audit a process to Manage the further escalation of overdue audit findings.
  • Working in detail with SMEs to understand the delays in closing audit findings, manage the process to rectify issues and close overdue or potentially overdue findings.
  • Facilitate inclusive collaboration with SMEs to aid the understanding of findings and the issues/risks they present to the business.
General Responsibilities
  • Assists in providing clarity of division of audit oversight and BAU oversight within the business. Uses Internal Issues process to highlight potential oversight gaps in BAU processes.
  • Designs a method in which to obtain details of and track completion of all reviews taking place on DA business across the business (DA Audit, Claims Audits, Product, Complaints, underwriting etc). Discussing with SMEs an approach of logging all findings in one place with a view to report on the wider review of oversight activities taking place in the form of audits/reviews.
  • Completes trend and root cause analysis on all audit findings and discusses with relevant SMEs to consider rectification on a wider business level with the Head of DA Audit and Assurance.
  • Conducts investigative quality assurance reviews on the Audits undertaken and feedbacks results to Head of DA Audit and Assurance and individuals where requested.
  • Increase data quality as well as analytical capabilities to provide additional management information (MI) and insights to internal stakeholders to complement business as usual oversight and monitoring.
  • Designs and completes business and board reporting with sign off from Head of DA Audit and Assurance.
  • Establish and maintain effective and collaborative working relationship with colleagues, business partners and relevant stakeholders.
  • Provide support to colleagues or other business units or external resources for ad hoc requests, or longer-term projects in carrying out the Great Lakes strategy as requested.
  • Any additional duties and responsibilities that may be reasonably expected to be undertaken in accordance with the role as requested by the Head of DA Audit & Assurance or by the wider Senior Management Group of Great Lakes.
Competencies:

Strategic mindset (we think big) - you look, plan and move into the future with clear intentions and purposeful actions, seeking regular feedback, that allows you to make decisions today that will lead the business towards its future commitments.

Ensures accountability (we lead the 'we') - you hold yourself and others accountable to take responsibility and meet commitments, creating a culture where people own their decisions and actions and appreciate how they contribute to the team/organisation commitments.

Managing complexity (we grow with our clients) - you make sense of complex and sometimes contradictory information to effectively solve problems, learning and sharing along the way.

Sponsors work (we care and dare) - you know when to lead and when to let others lead, providing direction and delegating to others, empowering and trusting them to achieve their commitments. Develops talent (we care and dare) - you develop the team to meet their career ambitions, building capability at an individual and organisational level, preparing them for future opportunities. You discuss feedback and development regularly and promote a diverse and inclusive workforce.

Being resilient (we are clear and authentic) - setbacks are unavoidable; however, you recover quickly, seek feedback, learn and unlearn and move forward with courage and commitment.

Key Skills & Experience:
  • Experience of insurance delegated authority models and environments.
  • Knowledge of the insurance regulatory environment and detailed working knowledge and application of regulatory guidance and rules.
  • Report creation and writing skills.
  • Fluent using Microsoft Packages.
  • Team player and individual, always prepare to share knowledge.
  • Adopt a flexible style, being able to collaborate, advise and challenge.
Thought Leaders:

You are seen as an expert in your field and will be the 'go to' person for your area of specialism within Munich Re. You will be seen as a role model/mentor to others - identifying opportunities to share your knowledge with others.

You will demonstrate and role model inclusive behaviour and encourage your colleagues to play an active role in creating an inclusive culture as well.

You will treat your colleagues and sales and business partners fairly and with respect

Regulatory & Conduct Requirements:

In addition to the responsibilities set out above, the Assurance Manager role will also become responsible for:
  • Ensure compliance with Insurance Distribution Directive.
  • Satisfying all regulatory reporting requirements in collaboration with the reporting function
  • Liaising with all relevant regulatory bodies in the UK, creating a highly credible reputation and strong, collaborative relationship.
  • Ensuring compliance with Munich Re's Code of Conduct and the FCA Conduct Rules.
#J-18808-Ljbffr

  • IT Assurance Manager

    2 weeks ago

    London, United Kingdom Hays Specialist Recruitment Limited Full time

    **Your new company** Your new company is a Top 10 Accounting firm with a Head Office in London, but also offices around the UK in strategic locations. The firm has multiple service lines including tax, accountancy, forensics, and Internal Audit. They also have a wide client basewhich ranges from major PLCs to SME firms, as well as individuals, their families...

  • Assurance Manager

    2 days ago

    London, United Kingdom BDO Full time

    Ideas | People | Trust We're BDO. An accountancy and business advisory firm, providing the advice and solutions entrepreneurial organisations need to navigate today's changing world. We work with the companies that are Britain's economic engine - ambitious, entrepreneurially-spirited and high-growth businesses that fuel the economy - and directly advise...

  • Assurance Manager

    Found in: Talent UK C2 - 3 days ago

    London, United Kingdom BDO UK Full time

    Ideas | People | Trust We’re BDO. An accountancy and business advisory firm, providing the advice and solutions entrepreneurial organisations need to navigate today’s changing world. We work with the companies that are Britain’s economic engine – ambitious, entrepreneurially-spirited and high‑growth businesses that fuel the economy - and...

  • Assurance Manager

    15 hours ago

    London, United Kingdom BDO UK LLP Full time

    Ideas | People | Trust We’re BDO. An accountancy and business advisory firm, providing the advice and solutions entrepreneurial organisations need to navigate today’s changing world. We work with the companies that are Britain’s economic engine – ambitious, entrepreneurially-spirited and high‑growth businesses that fuel the economy - and...

  • Assurance Manager

    Found in: Jooble UK C2 - 2 hours ago

    London, United Kingdom BDO Full time

    Ideas | People | Trust We're BDO. An accountancy and business advisory firm, providing the advice and solutions entrepreneurial organisations need to navigate today's changing world. We work with the companies that are Britain's economic engine - ambitious, entrepreneurially-spirited and high-growth businesses that fuel the economy - and...

  • Assurance Manager

    30 minutes ago

    London, United Kingdom BDO Full time

    Ideas | People | Trust We're BDO. An accountancy and business advisory firm, providing the advice and solutions entrepreneurial organisations need to navigate today's changing world. We work with the companies that are Britain's economic engine - ambitious, entrepreneurially-spirited and high-growth businesses that fuel the economy - and...

  • Assurance Manager

    8 hours ago

    London, United Kingdom BDO LLP Full time

    We’re BDO. An accountancy and business advisory firm, providing the advice and solutions entrepreneurial organisations need to navigate today’s changing world. We work with the companies that are Britain’s economic engine – ambitious, entrepreneurially-spirited and high‑growth businesses that fuel the economy - and directly advise the owners and...

  • Assurance Manager

    Found in: beBee jobs GB - 2 weeks ago

    London, Greater London, United Kingdom High Finance Limited Full time

    Assurance ManagerThe Combined Assurance Manager's primary role is to support the implementation of effective governance, risk management and internal control processes, facilitating the integration of assurance activities from Internal Audit, Risk Management and Compliance.Reporting into the CRO, and working within a small yet experienced team you will be...

  • Assurance Manager

    6 days ago

    City of London, Greater London, United Kingdom High Finance (UK) Limited Full time

    Assurance Manager The Combined Assurance Manager's primary role is to support the implementation of effective governance, risk management and internal control processes, facilitating the integration of assurance activities from Internal Audit, Risk Management and Compliance. Reporting into the CRO, and working within a small yet experienced team you...

  • Assurance Manager

    Found in: beBee jobs GB - 2 weeks ago

    London, Greater London, United Kingdom Amazon Payments UK Limited Full time

    Come build the future with usAt Amazon we expect no more and no less from you. Ever since Amazon opened its virtual doors, our aim has been to become the most customer-centric company in the world. How? By having people like you who make sure that our customers can find everything that they are looking for online - at great value and convenience. Immerse...

  • Assurance Manager

    3 weeks ago

    London, United Kingdom Munich Re Full time

    About Great Lakes Insurance SE: As specialty provider of primary insurance services in the UK, Great Lakes London Branch ("GLLB") is a substantial part of Great Lakes Insurance SE in Munich. Our interlocked business model is to seize opportunities closely connected to the reinsurance core business and innovation opportunities, in our role as an integral...

  • Assurance Manager

    Found in: Talent UK C2 - 2 days ago

    London, United Kingdom Amazon Payments UK Limited Full time

    Come build the future with us!At Amazon we expect no more and no less from you. Ever since Amazon opened its virtual doors, our aim has been to become the most customer-centric company in the world. How? By having people like you who make sure that our customers can find everything that they are looking for online – at great value and convenience. Immerse...

  • Assurance Manager

    3 weeks ago

    City of London, Greater London, United Kingdom HFG Full time

    Assurance Manager The Combined Assurance Manager's primary role is to support the implementation of effective governance, risk management and internal control processes, facilitating the integration of assurance activities from Internal Audit, Risk Management and Compliance. Reporting into the CRO, and working within a small yet experienced team you...

  • IT Assurance

    3 weeks ago

    London, United Kingdom Michael Page (UK) Full time

    About Our Client Working at this Big 4 firm's IT Assurance business, you will provide a mix of broad technology assurance, IT external audit and other controls assurance work (e.g., third party assurance, SOC reports etc.). You will have responsibility for growing the delivery of assurance engagements across corporate, public sector and financial...

  • Risk Assurance Manager

    2 days ago

    London, United Kingdom Antony James Recruitment Ltd Full time

    **Risk Assurance Manager** Our Central London client in the Financial Services sector is seeking a Risk Assurance Manager to join their team as soon as possible on permanent basis with a salary of £60000 - £65000 on offer. This role comes with a great perks package including privatehealthcare, generous holiday. **What does the role entail?** As a Risk...

  • Project Assurance Manager

    5 days ago

    London, United Kingdom Careers In Group Full time

    Astrum Search is working exclusively with a British media organisation to recruit a Project Assurance Manager. Reporting to the Head of Project Assurance, this role will form part of a growing team that is part of the wider internal audit and risk function. It is a challenging and highly visible role that offers vast opportunity to develop your skills and...

  • Assurance Manager

    2 days ago

    London, United Kingdom in Newbury Full time

    Full Job Description Come build the future with us! At Amazon we expect no more and noless from you. Ever since Amazon opened its virtual doors, our aim hasbeen to become the most customer-centric company in the world. How? By having people like you who make sure that our customerscan find everything that they are looking for online – at great valueand...

  • Program Assurance Manager

    3 weeks ago

    London, United Kingdom Workingmums Full time

    Vacancy: Program Assurance Manager Location: Royston or Brimsdown Job Family: Project Management The Program Assurance Manager plays a critical supporting role in ensuring PGMS capital projects deliver value for PGMS and JM. The primary objective of this role is to act as the Assurance Authority to confirm to PGMS Board that projects are suitably...

  • Quality Assurance Manager

    2 weeks ago

    London, United Kingdom Hyper Recruitment Solutions Ltd Full time

    We are currently looking for a Quality Assurance Manager to join a leading Pharmaceutical CMO based in the West London area. As the Quality Assurance Manager you will be responsible for the following: KEY DUTIES AND RESPONSIBILITIES: Your duties as the Quality Assurance Manager will be varied however the key duties and responsibilities are as follows: 1....

  • Governance and Assurance Manager

    5 days ago

    London, United Kingdom Boston Hale Full time

    As the Governance and Assurance Manager, the post holder will work as part of a dynamic team within Commercial liaising with colleagues and external stakeholders to provide an effective assurance service for high value business cases across the organisation. The post holder will work across the organisation to develop new ways of working. The post holder...