Audit Oversight Specialist

1 week ago


Copenhagen, Copenhagen, Denmark iCAN Apply Full time
Job Description

The successful candidate will play a key role in supporting the Head of Delegated Authority Operations and Controls with the effective oversight of delegated activities performed by Coverholders and Delegated Claims Administrators (DCAs). The ideal candidate will possess strong analytical skills, excellent communication abilities, and a thorough understanding of Lloyd's DA regulation.

  • Maintain and monitor the Chaucer Audit Panel, ensuring TOBAs are in place, and the quality/timeliness of audit reports is appropriately measured and reported on using a scoring matrix.
  • Ensure the audit schedule is appropriately managed, with risk factors and previous audit outputs a key factor in determining the frequency of audits.
  • Ensure that the scope of the audit is adequate based on previous findings and risk profile.
  • Immediate onwards reporting of breaches to the Head of Delegated Authority Operations and Controls to ensure Lloyd's Third-Party Material Issues (TPMI) process is followed.
  • Responsible for categorising the severity of audit recommendations, and setting due dates for compliance.
  • Ensuring appropriate evidence is obtained to satisfactorily close audit recommendations.
  • KPI reporting on audits scheduled, recommendations raised, and reports/recommendations overdue.
  • Regular liaison with key stakeholders in the business on issues identified through the audit process.
  • Support and deliver changes required to the audit scope as a result of new regulation.
  • Support the Head of Delegated Authority Operations and Controls with adherence to FCA, PRA, CBI and Lloyd's requirements for delegated business.
  • Improving MI capability for reporting on operational metrics.
  • Implementation of technology that enables a smarter/more efficient way of working, in close collaboration with the project team.
  • Continuously identify smarter, more efficient ways of working to enable commercial decision making.


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