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About the Role

The Underwriting Governance Lead is responsible for the governance, oversight, and continuous enhancement of the underwriting governance framework, ensuring underwriting activities align with the organization's risk appetite, regulatory requirements, Lloyd's standards, and internal policies. This role provides independent oversight of underwriting governance across all portfolios, supporting effective decision-making, risk management, and consistent underwriting standards. The Lead acts as the primary governance partner to the underwriting function, overseeing controls, authorities, portfolio, and product governance, while driving continuous improvement.

Responsibilities

Lead the development, implementation, and enhancement of the Underwriting Governance Framework.
Maintain governance policies, standards, and procedures for underwriting activities.
Review governance processes and recommend improvements for control effectiveness and efficiency.
Own and maintain the Underwriting Controls Framework, ensuring controls are designed, documented, tested, and monitored.
Provide oversight of Underwriting Authority Frameworks, Delegated Underwriting Authorities, Referral Governance, Underwriting Exception Management, Peer Review and Quality Assurance, Underwriting Control Testing, Governance Attestations, and Control Self-Assessments.
Monitor control effectiveness, identify weaknesses, and ensure timely implementation of remedial actions.
Support underwriting management in embedding a strong control environment and accountability.
Provide governance oversight of underwriting portfolios, ensuring alignment with business plans, strategy, and risk appetite.
Challenge underwriting performance through regular portfolio reviews, monitoring rate adequacy, loss ratios, exposure management, aggregation risks, capacity utilization, referral trends, exception reporting, and underwriting quality metrics.
Collaborate with Underwriting Leadership and Portfolio Management teams to support proactive portfolio management and corrective action.
Provide governance oversight of Product Governance arrangements throughout the product lifecycle.
Ensure products deliver fair value, appropriate customer outcomes, and align with Consumer Duty requirements.
Support Product Approval Committees, Product Reviews, Fair Value Assessments, Target Market Assessments, Customer Outcome Monitoring, and Product Governance Reporting.
Ensure ongoing compliance with Lloyd's standards, FCA requirements, and internal governance policies, focusing on Consumer Duty, conduct risk, operational resilience, financial crime prevention, sanctions compliance, and data protection.
Monitor regulatory developments and assess their impact on underwriting governance, recommending policy and process changes.
Promote a culture of strong governance, accountability, and continuous regulatory compliance.
Develop and maintain governance reporting and management information for underwriting oversight.
Analyze emerging trends, identify concerns, and recommend corrective actions for governance standards outside agreed tolerances.
Prepare reporting for Executive Management, Board Committees, Risk Committees, Underwriting Committees, and regulatory bodies.
Coordinate underwriting governance assurance activities, including Internal Audit, Lloyd's Reviews, External Audit, Regulatory Reviews, and Underwriting Quality Assurance Reviews.
Manage audit findings through to completion, ensuring timely delivery of corrective actions.
Report progress regularly to governance committees and senior management.
Develop effective relationships across Underwriting, Risk, Compliance, Operations, Claims, Finance, Actuarial, and Technology.
Act as a trusted advisor on underwriting governance matters, balancing commercial objectives with regulatory expectations and risk management.
Maintain constructive relationships with Lloyd's, regulators, auditors, and other external stakeholders.
Lead governance improvement initiatives focused on strengthening underwriting oversight, enhancing reporting, and improving governance efficiency.
Support business transformation programmes, underwriting system implementations, and governance automation initiatives.
Champion a culture of continuous improvement and governance excellence.

Requirements

Significant experience within the Lloyd's and London Market insurance sector.
Demonstrable expertise in underwriting governance, underwriting controls, portfolio governance, or underwriting risk management.
Experience producing governance reporting for governance committees.
Experience supporting regulatory reviews.
Experience delivering governance improvements.
Strong analytical skills.
Excellent stakeholder management skills.
Influencing ability.
Confidence to challenge constructively at senior level.
Experience with underwriting platforms.
Experience with governance reporting tools.
Experience with Microsoft Excel.
Experience with Power BI.
Experience of Lloyd's systems is advantageous.
Experience of market reporting platforms is advantageous.

Skills

Underwriting governance
Underwriting controls
Portfolio governance
Underwriting risk management
Governance reporting
Regulatory reviews
Governance improvements
Analytical skills
Stakeholder management
Influencing
Challenging constructively
Underwriting platforms
Governance reporting tools
Microsoft Excel
Power BI
Lloyd's systems
Market reporting platforms