Delegated Authority Audit and Governance, Manager - Continental Europe

Sompo International Holdings Ltd.; España; Híbrido; EUR 70.000 - 90.000; Jornada completa

Descripción de la vacante

A leading insurance provider is seeking a Manager for Delegated Authority Audit and Governance in Spain. The role involves overseeing audit and governance functions across Europe, ensuring compliance with regulatory standards while enhancing operational efficiency. Candidates must have 7+ years of relevant experience, preferably within insurance, and possess strong leadership and analytical skills. Fluency in English and another CE language is essential. The position offers competitive benefits including health, wellness, and parental leave.

Servicios

Expansive Health & Wellness Benefits

Generous Retirement & Savings Plans

Global Parental Leave & Adoption Assistance

Formación

• At least 7+ years of experience in audit, risk management, or governance management roles within the insurance or financial services industry.
• Demonstrated expertise in delegated authority models, including MGAs and TPAs.
• Strong knowledge of regulatory requirements and frameworks in Continental Europe, including Solvency II.

Responsabilidades

• Manage audit and governance frameworks for delegated authority arrangements.
• Develop and execute a comprehensive audit plan for delegated business entities.
• Identify, evaluate, and monitor risks associated with delegated business arrangements.
• Prepare regular reports for senior leadership, highlighting key risks, audit findings, and performance metrics.

Conocimientos

Analytical Thinking

Leadership

Communication

Stakeholder Management

Regulatory Awareness

Adaptability

Fluency in English

Fluency in Spanish

Educación

Bachelor's degree in Risk Management, Audit, Business Administration, Finance, or a related field

Descripción del empleo

As a leading provider of insurance and reinsurance with worldwide operations and employees in Bermuda, U.S., U.K., Continental Europe and Asia, we recognize that our success is derived directly from those who matter the most: our people. At Sompo International, our values of integrity, collaboration, agility, execution and excellence underpin our culture and our commitment to providing an employee experience that attracts and engages the best talent in the industry. As we continue to grow, we strive to find diverse, innovative and driven professionals to join our teams and offer a broad range of career and development opportunities at all levels, in multiple business areas, in each of our locations throughout the world. Our compensation and benefits programs are market driven and competitive, with excellent family friendly policies and flexible working provisions.

Job Description

Are you looking for your next opportunity?

Sompo has a unique opportunity for a Delegated Authority Audit and Governance, Manager – Continental Europe in our Delegated Authority team.

The Delegated Authority Audit and Governance Manager is responsible for overseeing the delegated audit and governance function in CE, ensuring adherence to underwriting and claims guidelines, regional and local regulatory requirements, contractual obligations, and delegated control & governance frameworks. This role will also establish and implement a robust audit approach for delegated underwriting and claims arrangements (MGAs & TPAs) across the region, via a pre-selected professional external audit panel, to mitigate risks and enhance operational excellence within delegated underwriting and claims arrangements.

The position focuses on identifying, assessing risks, and recommending improvements to enhance operational efficiency and governance, supporting the Head of Delegated Business to mitigate and safeguard the organization's interests while promoting strong governance and accountability.

The position will also coordinate the execution of the Delegated Business Control & Governance framework, including managing the Delegated Authority Governance (DAG) forum, gathering information, prioritizing key risks and KPIs, and preparing the committee's pack, agenda and minutes. It will also support the Head of Delegated Business, CE with the interaction with key Support Areas, namely risk, compliance, data privacy and legal.

Location

This position will be based out of our Madrid or Barcelona or Paris or Milan offices.

What you'll be doing

• Manage audit and governance frameworks for delegated authority arrangements, including coverholders, MGAs (Managing General Agents), and third‑party administrators.
• Support the Delegated Onboarding area with ongoing due diligence for existing delegated business partners, including renewals.
• Ensure delegated entities operate within the agreed scope, performance standards, and regulatory guidelines.

Audit Management

• Develop and execute a comprehensive audit plan for delegated business entities, focusing on operational, financial, and regulatory compliance.
• Lead internal and external auditors related to delegated business activities, ensuring timely reporting and resolution of identified issues.
• Provide actionable recommendations, alongside the external panel, to address audit findings and improve operational efficiency.

Risk Management

• Identify, evaluate, and monitor risks associated with delegated business arrangements.
• Lead and promote risk mitigation discussions and escalates critical issues to senior management.
• Develop tools and processes to assess the ongoing risk exposure of delegated partners.

Governance and Reporting

• Develop and maintain governance frameworks for delegated business arrangements, ensuring robust oversight and accountability.
• Prepare regular reports for senior leadership, highlighting key risks, audit findings, and performance metrics.
• Drive continuous improvement initiatives to enhance the audit and governance processes.

Stakeholder Engagement

• Collaborate with underwriting, claims, compliance, risk and legal teams to ensure alignment in delegated business practices.
• Deliver training and guidance to internal teams and delegated entities on audit and risk management requirements.

What you'll bring

• Bachelor's degree in Risk Management, Audit, Business Administration, Finance, or a related field.
• At least 7+ years of experience in audit, risk management, or governance management roles within the insurance or financial services industry.
• Demonstrated expertise in delegated authority models, including MGAs and TPAs.
• Strong knowledge of regulatory requirements and frameworks in Continental Europe, including Solvency II.
• Analytical Thinking: Ability to evaluate complex data and provide actionable insights.
• Leadership: Proven ability to lead projects and influence cross‑functional teams.
• Communication: Excellent verbal and written communication skills, with the ability to convey technical concepts to non‑technical stakeholders.
• Stakeholder Management: Builds effective relationships with internal and external partners.
• Regulatory Awareness: Keeps abreast of regulatory developments and ensures proactive compliance.
• Adaptability: Thrives in a fast‑paced, evolving environment with competing priorities.
• Language: Fluent in English and another CE language (Spanish, French or Italian).

Our Benefits

• Expansive Health & Wellness Benefits
• Generous Retirement & Savings Plans
• Global Parental Leave & Adoption Assistance

Sompo is an equal opportunity employer committed to a diverse workforce. Valoramos positivamente las solicitudes de personas con certificado de discapacidad igual o mayor al 33%, en cumplimiento de la legislación vigente, Ley General de Derechos de las Personas con Discapacidad y de su inclusión social (LGD).