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New Vacancy - Senior DUA AnalystLloyd's Syndicate City of London I am currently recruiting for a leading Lloyd's Syndicate who are seeking a Senior DUA Analyst to join their growing team.
My client is looking for someone experienced in the DA space that is competent using the relevant Lloyd's systems; Atlas, DCOM & DAM. This will be working closely with the DUA Manager supporting, managing and monitoring the DUA portfolio. You will also be contributing to the set up and ongoing operation of all DUAs and their compliance with relevant regulatory requirements.
Key Responsibilities
- Ensure that contracts delegated under authority (such as Binding Authorities) comply with risk appetite standards and regulatory requirements through thorough due diligence.
- Review Binding Authority contracts for the Lloyd's Coverholder and communicate with brokers as needed.
- Assist the DUA Manager in conducting due diligence for new coverholder applications to Lloyd's.
- Aid in managing bordereaux processing to ensure accurate and timely reporting.
- Support coverholder audits by scheduling annual audits, processing reports, and implementing audit recommendations.
- Collaborate with internal teams to address day-to-day inquiries.
- Gather relevant data for internal meetings and regulatory reporting.
- Contribute to the review of Delegated Authority processes and controls to ensure they are up-to-date and effective.
- Assist in evaluating and documenting compliance with Lloyd's Principles.
