Insurance Controls Analyst
Working for a Global Insurance firm based in the City of London. Working alongside the controlls manager this would suit someone with a legal/numeric degree and 6 month experience within compliance/risk/insurance operations.
The role includes responsibility for:
- Support in delivering the risk based monitoring plan underpinned by the Internal Control Framework (ICF).
- Alongside the Controls Manager, maintain and develop the DA Internal Control Framework (ICF) and Quality Assurance Framework (QA).
- Support in regular reviews of both the ICF and QA control environment to ensure that the Delegated Authority and Customer Oversight teams, have appropriately designed and operationally effective controls to manage the Coverholder and DCA portfolio.
- Alongside the Controls Manager, provide oversight of the key processes within the wider Delegated Authority and Customer Oversight teams, performing quality control checks on, for example, due diligence peer review and implementing improvements where necessary.
- Reporting, in line with assurance framework, output of control review undertaken, with appropriate rating, root cause analysis, impact and changes required to mitigate risk crystallization.
- Support in regular reviews of the regulatory environment to ensure that the Delegated Authority and Customer Oversight frameworks are continuously evolved to meet regulatory requirements.
- Undertake and report, on monthly ICF and QA trends and analysis, on quality assurance and internal controls across Delegated Authority and Customer Oversight.
- Monitoring of workflow processes (and changes) to ensure adherence to governance controls and ensuring change is implemented by the relevant team, where necessary. Following updates to Delegated Authority and Customer Oversight processes, take ownership of key and non-key control alignment to the operational and regulatory environment.
Please apply if you have the relevant experience.