Senior Cyber Underwriter Job In London

• To assist delivering the agreed business plan
• Underwrite Cyber risks, exercising judgement in all underwriting matters, and remain aware of own underwriting limits as set out on the Underwriting Authority sheet, all in accordance with Underwriting business plan;
• Conduct and develop effective relationships within Lloyd’s, both with peers and with Brokers, with a view to securing new business that falls within the Munich Re Syndicate Ltd portfolio, specifically Cyber risks.
• Develop responsibility for the co-ordination of underwriting and development of all business.
• To provide appropriate technical and training resource to junior members of the Account.
• To assist in the underwriting and account development of the Service Companies and to refer/liaise when appropriate
• Provide management reports as and when required.
• Review slips and/or other information/literature, exercising own judgment, based on knowledge and experience, acting within own limits of authority.
• Make written records of all conversations with customers, both internal and external, in accordance with the firm’s procedures manual.
• Ensure that company procedures and systems are followed and maintained, as per procedure and compliance manuals.
• Review and administer existing contracts and make amendments in line with the firm’s underwriting philosophy;
• Monitor recording of risk entry and amend where appropriate;
• Ensure that Peer Review Group see appropriate information and respond to PRG queries relating to the Cyber Account;
• Review daily claims report;
• Be aware of and take ownership of the potential risks facing the business within own job role and the controls that are in place to mitigate them; and report all significant changes in these risks, or the effectiveness of controls, to your line manager in a timely manner. In this context risk is the potential for loss or failure to meet business objectives as a consequence of internal or external events.
• Help drive forward good Conduct for the business to deliver the best outcomes for customers / policyholders.
• Understand all appropriate lines of escalation and the responsibilities of the Product Conduct Risk Strategy Group (PCRSG), Underwriting & Claims Sub Committee (UCSC) , ExCo and Board for Conduct Risk.

You are required to comply with the PRA and FCA conduct rules:

• Acting with honesty and integrity at all times
• Acting at all times with due care, skill and diligence
• Being open and honest with the FCA, the Prudential Regulation Authority (PRA) and all UK regulators at all times
• Always paying due regard to the interests of customers and always treat them honestly and fairly
• Observing proper standards of market conduct at all times

• Advanced (Level 3) knowledge and understanding of:
• Underwriting Principles;
• Legal Principles;
• FCA and Lloyd’s rules and regulations including contract certainty issues;
• All company specific procedures that relate to own role and role of those employees that you are supervising;
• Cyber cover
• Tech PI cover
• Demonstrate clear understanding of the roles of colleagues and their relationships to the structure and business plans of the Firm;
• Develop and maintain market awareness.