Underwriting Governance & Controls Senior Analyst, UK & Lloyds

AXA XL; Greater London; On-site; GBP 65,000 - 90,000; Full time

Benefits offered by this job

Flexible working

Diversity & inclusion initiatives

Employee resource groups

Job summary

AXA XL is seeking a Senior Analyst for Underwriting Governance & Controls in the UK & Lloyd’s. You will support the Head of Underwriting Governance and regional leaders by delivering timely, accurate management information and ensuring compliance with governance standards.

You will collaborate with 2nd and 3rd lines of defense, prepare committee reports, and drive reliable dashboards to monitor performance and controls across open market and delegated authorities.

Qualifications

• Understanding of Lloyd's regulatory requirements.
• Knowledge of Lloyd's operations and FCA/PRA expectations for underwriting.
• Strong stakeholder management and influencing skills.
• Solid understanding of underwriting operations and governance frameworks.
• Experience in project management and coordinating across functions.
• Experience in underwriting governance and controls is desirable.

Responsibilities

• Collaborate with Head of Underwriting Governance and regional leaders to ensure effective governance and controls.
• Prepare committee reports, packs and management information for governance committees.
• Create dashboards and scorecards to monitor governance performance.
• Maintain first line of defence processes across open market and delegated authority placements.
• Coordinate with Global CUO and Risk/Compliance/IA for process improvements.
• Liaise with regional product leads to strengthen controls and efficiencies.
• Monitor Lloyd's, PRA and FCA requirements and track action plans.
• Share best practices across business units.

Skills

Lloyd's regulatory requirements

Lloyd's operations

Stakeholder management

Underwriting operations

Project management

Underwriting governance

Job description

Underwriting Governance & Controls - Senior Analyst, UK & Lloyds

London, UK

AXA XL’s culture of profitable growth is at the core of our underwriting ethos, and the primary driver of both strategic and day-to-day decisions.As an extensive global business, we take pride in teamwork, underwriting excellence, discipline, and the implementation of consistent underwriting standards, practices and procedures.We aim to consistently outperform the competition and attract the best talent by being the employer of choice in the UK & Lloyd’s market.

As the Underwriting Governance & Controls Senior Analyst in the UK & Lloyd’s region you will embody these values.Your primary role will be to support the Head of Underwriting Governance as well as the regional underwriting leaders by ensuring that underwriting in the region is provided with timely, accurate and complete management information and analysis.You will also be responsible for ensuring that underwriting activities adhere to internal and external (including regulatory) control and governance standards.The role requires a proven ability to positively and effectively manage a complex blend of global and regional priorities and agendas, whilst driving consistency of approach and efficiencies.

What you’ll be doing

What will your essential responsibilities include?

• Work with the UK & Lloyd’s Head of Underwriting Governance as well as the UK & Lloyd’s underwriting leaders to ensure effective governance and controls.
• Support with preparation of committee reports, packs and MI for the Underwriting Governance and Controls Committee, including secretarial duties.
• Produce regular dashboards and scorecards to measure performance against governance and controls.
• Maintain the first line of defence framework and processes to ensure compliance with underwriting governance and controls both in open market and delegated authority placements. Support Regional Product Leads with the execution of first line controls.
• Maintain a sound control environment by leveraging good practices, common processes and technology, collaborating with Global Underwriting Management, Middle Office, Delegated Authorities Service Centre etc. for both open market and delegated business.
• Co-ordinate with our Regional Product Leaders and 2nd and 3rd lines of defense (Risk Management, Compliance, Internal Audit) to learn lessons and continuously improve business processes and controls across all applicable products and functions.
• Leverage common processes and technology to drive efficiency and simplicity across products and functions, and where applicable across regions (in collaboration with Global CUO, Divisional Governance, Middle Office).
• Monitor performance against Lloyd’s requirements, as well as PRA and FCA standards and requirements; manage action plans and monitor effectiveness regularly.
• Collaborate and coordinate governance tasks and share best practices with colleagues from the other Business Units.

You will report to the Head of Underwriting Governance, UK & Lloyd’s

What you’ll bring

We’re looking for someone who has these abilities and skills:

• Good understanding of Lloyd’s underwriting regulatory requirements
• Good understanding of Lloyd’s operations, Lloyd’s Principles of Doing Business, FCA and PRA regulation and requirements as they may apply to insurance underwriting activities
• Excellent stakeholder management and influencing skills
• Excellent knowledge of underwriting operations
• Project management capability
• Underwriting and/or Underwiring Operations experience

What we offer Inclusion

AXA XL is committed to equal employment opportunity and will consider applicants regardless of gender, sexual orientation, age, ethnicity and origins, marital status, religion, disability, or any other protected characteristic.At AXA XL, we know that an inclusive culture and enables business growth and is critical to our success. That’s why we have made a strategic commitment to attract, develop, advance and retain the most inclusive workforce possible, and create a culture where everyone can bring their full selves to work and reach their highest potential.It’s about helping one another — and our business — to move forward and succeed.

• Five Business Resource Groups focused on gender, LGBTQ+, ethnicity and origins, disability and inclusion with 20 Chapters around the globe.
• Robust support for Flexible Working Arrangements
• Enhanced family-friendly leave benefits
• Named to the Diversity Best Practices Index
• Signatory to the UK Women in Finance Charter

Learn more at axaxl.com/about-us/inclusion-and-diversity. AXA XL is an Equal Opportunity Employer.

Total Rewards

AXA XL’s Reward program is designed to take care of what matters most to you, covering the full picture of your health, wellbeing, lifestyle and financial security. It provides competitive compensation and personalized, inclusive benefits that evolve as you do.

We’re committed to rewarding your contribution for the long term, so you can be your best self today and look forward to the future with confidence.

Sustainability

At AXA XL, Sustainability is integral to our business strategy. In an ever-changing world, AXA XL protects what matters most for our clients and communities. We know that sustainability is at the root of a more resilient future. Our 2023-26 Sustainability strategy, called “Roots of resilience”, focuses on protecting natural ecosystems, addressing climate change, and embedding sustainable practices across our operations.

Our Pillars:

• Valuing nature: How we impact nature affects how nature impacts us. Resilient ecosystems - the foundation of a sustainable planet and society – are essential to our future. We’re committed to protecting and restoring nature – from mangrove forests to the bees in our backyard – by increasing biodiversity awareness and inspiring clients and colleagues to put nature at the heart of their plans.
• Addressing climate change: The effects of a changing climate are far-reaching and significant. Unpredictable weather, increasing temperatures, and rising sea levels cause both social inequalities and environmental disruption. We're building a net zero strategy, developing insurance products and services, and mobilizing to advance thought leadership and investment in societal-led solutions.
• Integrating ESG: All companies have a role to play in building a more resilient future. Incorporating ESG considerations into our internal processes and practices builds resilience from the roots of our business. We’re training our colleagues, engaging our external partners, and evolving our sustainability governance and reporting.
• AXA Hearts in Action:We have established volunteering and charitable giving programs to help colleagues support causes that matter most to them, known as AXA XL’s “Hearts in Action” programs. These include our Matching Gifts program, Volunteering Leave, and our annual volunteering day – the Global Day of Giving.

For more information, please see axaxl.com/sustainability.

Who we are

AXA XL, the P&C and specialty risk division of AXA, is known for solving complex risks. For mid-sized companies, multinationals and even some inspirational individuals we don’t just provide re/insurance, we reinvent it.

How? By combining a comprehensive and efficient capital platform, data-driven insights, leading technology, and the best talent in an agile and inclusive workspace, empowered to deliver top client service across all our lines of business − property, casualty, professional, financial lines and specialty.

With an innovative and flexible approach to risk solutions, we partner with those who move the world forward.

Learn more at axaxl.com