Delegated Authority Audit and Governance, Manager - Continental Europe

Delegated Authority Audit and Governance, Manager - Continental Europe

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. We strive for collaboration which is why we offer a work environment where our employees thrive and develop long lasting careers.

What You’ll Be Doing

• Delegated Authority Oversight
• Manage audit and governance frameworks for delegated authority arrangements, including coverholders, MGAs (Managing General Agents), and third-party administrators.
• Supports 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 escalate 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

About Us

We’re Sompo, a global provider of property, casualty, and specialty insurance and reinsurance. Building on Sompo Holdings’ 130 years of innovation, we’re committed to applying all of our experience to simplify yours. Our dedication to you shows up in the care we put in every detail, working to create a frictionless risk management journey for everyone we serve.

We lead with your priorities, meticulously crafting solutions, sharing insights, and understanding your needs. Around the world, our 9,000+ employees use their expertise to learn, improve and find clear answers for your complex challenges. Because when you choose Sompo, you choose the ease of expertise.

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).

To learn more about visit our website at

Seniority level

Mid-Senior level

Employment type

Full-time

Job function

Accounting/Auditing and Finance

Industries

Insurance

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