Principal Officer

1 week ago

Greater Lucknow Area, India Lloyd's Full time ₹ 20,00,000 - ₹ 60,00,000 per year

Lloyd's is the world's leading insurance and reinsurance marketplace. We share the collective intelligence and risk sharing expertise of the market's brightest minds, working together for a braver world.

Our role is to inspire courage, so tomorrow's progress isn't limited by today's risks.

Our shared values: we are brave; we are stronger together; we do the right thing; guide what we do and how we act. If you share our values and our passion to build a future that's more sustainable, resilient and inclusive, you'll find a home at Lloyd's – build a braver future with us.

The Role
The Principal Officer serves as the senior representative of Lloyd's in GIFT City, responsible for ensuring compliance with local laws and regulations, safeguarding Lloyd's trading rights, and driving strategic priorities within the region. This role combines regulatory oversight, operational management, market development, and leadership responsibilities to maintain Lloyd's reputation and operational integrity.

Principal Accountabilities

  • Represent Lloyd's and Lloyd's underwriters in order to comply with the local laws and regulations concerning insurers underwriting business in GIFT City
  • Monitor service company activities as required, taking action if necessary to ensure effective control and if appropriate, to ensure run-off arrangements are handled properly.
  • Ensure that all regulatory returns, as required by IFSCA are submitted accurately and within required deadlines.
  • Identify threats to Lloyd's trading rights and address as necessary and liaise with the International Regulatory Affairs team to mitigate such threats
  • To implement and drive Lloyd's strategic priorities in GIFT City
  • To ensure smooth efficient management of the day- to- day operations of the branch, including the management of payments and accounts, relating to the Corporation of Lloyd's
  • To manage a team of local resources to deliver on the requirements of the office, develop skills and provide coaching and training, where necessary
  • To create and demonstrate value to managing agents, service companies and brokers and assist them with developing their business in GIFT City
  • Act as a sounding board for potential new service companies, wishing to set up on the Lloyd's GIFT City platform
  • Review new service company application, to ensure suitable resources, systems and controls are in place, and are fit and proper to meet the IFSCA and Lloyd's requirements.
  • Work with the IFSCA to provide help and information relating to Lloyd's, as required

Knowledge

  • Base knowledge of legal, accounting and management principles

Diversity and inclusion are a focus for us – Lloyd's aim is to build a diverse, inclusive environment that reflects the global markets we work in. One where everyone is treated with dignity and respect to achieve their full potential. In practice, this means we are positive and inclusive about making workplace adjustments, we offer regular health and wellbeing programmes, diversity and inclusion training, employee networks, mentoring and volunteering opportunities as well as investment into your professional development. You can read more about diversity and inclusion on our website.

By choosing Lloyd's, you'll be part of a team that brings together the best minds in the industry, and together with our underwriters and brokers, we create innovative, responsive solutions allowing us to share risk and solve complex problems.

Should you require any additional support with your application, or any adjustments, please click the following link;

Please note, clicking on this link does not register your application for the vacancy

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