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Form of workOur client, a leading independent Lloyd’s Broker, is looking for a Security & Counterparty Adviser.
The Security & Counterparty Adviser is responsible for supporting nominated business units through delivering effective and compliant onboarding of clients, insurers and other counterparties. They will provide support to other team members, by delivering effective administration of the Account Request and Approval System (ARAS) and ensuring the maintenance and integrity of broking system account records.
The Security & Counterparty Adviser has direct line responsibility for managing other employees within the team as well as the requirement to manage and oversee 3rd party support provided by the Company’s Service Centre in India.
Key Accountabilities will include:
• Oversees the approval process for clients, insurers and other counterparties, including account creation and housekeeping in the broking systems.
• Assists the business to complete Agency/Intermediary questionnaires and other onboarding documents
• Is a referral point for the business providing advice in relation to the requirement s for the onboarding of clients, insurers and other counterparties.
• Utilises information contained within the Company systems and provided externally by rating agencies to monitor security, including insurance and rating movements notifying the business of any material ratings changes
In order to be considered for this excellent opportunity, you will have experience of operating in the compliance department/Security & Counterparty department of a public company in the UK regulatory environment as well as knowledge and understanding of insurance, principles, products and services. In addition, some previous experience of managing or supervising others would be an advantage.
