Third Party Engagement Partner

We are Marsh Commercial, a diverse community of colleagues, serving a diverse community of clients with insurance, risk management and employee health and benefits advice and solutions.

We are looking for a Third Party Engagement Business Partner to join the team in Hull, initially on a 12 month FTC.

What can you expect?

• This role is based in the first line of defence Governance & Risk function which is part of C&C Operations and is a position to learn Third Party Governance.
• Governance & Risk facilitates and manages, various functions of the business New Third Parties, Third Party BAU and Third Party Approval, Proposition Governance, Delegated Authorities, including Audit.
• Project Work as and when needed
• Legal/Compliance/Business Interaction
• Providing Management Information to the leadership.

What you will be rewarded with?

• Competitive Benefits Package including: 27 days annual leave, excellent pension contributions, private medical cover, life assurance, income protection, employee assistance program, plus a range of flexible benefits including the option to buy or sell up to 5 days holiday per year, cycle to work, dental insurance, health assessments plus many more.
• Generous Family Leave including: 6 months paid maternity leave, 4 months paid paternity leave, 6 months paid adoption leave plus shared parental leave options. To help ease the transition when you return to work you will be able to work 8 weeks at 80% of your normal work pattern and receive 100% of your normal salary.

We will rely on you to:

Marsh Third Party Engagement Team

• To undertake initial due-diligence of prospective Appointed Representative (ARs) and other Third Party Providers (TPP’s) and where accepted, to ensure subsequent on-boarding and supervision is undertaken in line with both internal and regulatory requirements.
• To assist AR’s and other TPP’s with the implementation of compliant operational processes, provide suitable guidance to their administrative, accounting, training and claims procedures (where applicable) and ensure through ongoing monitoring that they remain current and maintained to the required standard.
• To undertake other work relating to AR’s and TPP’s, including liaising with the business, evidencing related records, audit of operating systems, review of MI and due diligence checks and providing accurate reports within agreed time-frames.
• To ensure the correct legal agreements between Marsh C&C and it’s AR’s/TPP’s are maintained and recorded in an up-to-date register.
• To ensure the FCA application process for potential TPP’s and related Approved Persons is successfully concluded by providing clear guidance in person and/or by telephone/email.
• Ensuring the annual TPP renewal processes are maintained and all documentation is correct and carried out in timely fashion.
• To undertake desktop monitoring for AR (and where relevant IAR) and report on same to ensure compliance with the business and regulatory processes/controls in place.
• To communicate with AR’s and TPP’s any actions required and to monitor and control responses until a satisfactory conclusion has been reached.
• To provide regular scrutiny of business transactions and the monitoring of the business activity of AR’s and TPP’s.
• To provide support on compliance and technical regulatory queries from the business and liaising with Compliance in this regard
• Day to day management of Third Parties including Audit and Annual Reviews.
• Creation of MI
• Project work for the implementation of work to be transferred to the offshore function
• Manage and deal with feedback from the business in respect of Third Parties

Systems

• Management and day to day running of various SharePoint Databases and other databases.
• Excel, PowerPoint, Teams & VISO
• Produce MI reports

Governance & Risk

• Assist and work with the wider Governance & Risk Team with any projects as and when required

• Experience of Third Party/Producing Brokers
• Compliance Experience or Background
• An understanding operational excellence
• Strong analytical skills
• Excellent verbal and written communication skills

What makes you stand out:

• Knowledge of Appointed Representative and Introducers
• Undertaken a Compliance or Governance Role in their career

About Marsh

Marsh is the world’s leading insurance broker and risk adviser. With over 35,000 colleagues operating in more than 130 countries, Marsh serves commercial and individual clients with data driven risk solutions and advisory services. Marsh is a business of Marsh McLennan (NYSE: MMC), the leading global professional services firm in the areas of risk, strategy and people. With annual revenue approaching US $17 billion and 76,000 colleagues worldwide, MMC helps clients navigate an increasingly dynamic and complex environment through four market-leading businesses: Marsh, Guy Carpenter, Mercer, and Oliver Wyman. Follow Marsh on Twitter @MarshGlobal; LinkedIn; Facebook; and YouTube, or subscribe to BRINK.

Marsh McLennan is committed to embracing a diverse, inclusive and flexible work environment. We aim to attract and retain the best people regardless of their sex/gender, marital or parental status, ethnic origin, nationality, age, background, disability, religion, sexual orientation, gender identity or any other characteristic protected by applicable law.

We are an equal opportunities employer. We are committed to providing reasonable support to any candidate with a disability/health condition to allow them to fully participate in the recruitment process. We welcome candidates to contact us at TAUK@mmc.com to discuss any specific needs.

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