Overview
Counterparty & Security Manager role at Specialist Risk Group – London
At Specialist Risk Group (SRG), we specialise in delivering expert risk solutions for complex, high-stakes challenges across a range of sectors. From insurance and professional indemnity to bespoke risk management services, our work demonstrates both precision and adaptability, reflecting our commitment to helping clients navigate even the most demanding scenarios. Guided by our mantra, “Difficult. Done Well.”, we tackle challenges that others shy away from, delivering solutions that are robust and forward-thinking.
About The Role
* Lead and manage third-party onboarding processes for insurers, producing intermediaries, introducers and other counterparties.
* Review, negotiate, and advise on Terms of Business Agreements (TOBAs) across insurers and intermediaries—ensuring they align with firm standards and regulatory requirements.
* Perform comprehensive third-party due diligence including sanctions, PEP and credit checks; escalate red flags appropriately.
* Ensure compliance with Client Money Rules.
* Maintain good working knowledge of the Lloyd’s market practices.
* Provide hands-on administration using insurance broking policy administration systems to onboard and configure third parties accurately.
* Serve as the internal subject-matter expert: respond to queries, advise colleagues across teams, and ensure consistent application of onboarding and DD protocols.
* Aid in drafting and refining onboarding and due diligence policies and procedures, incorporating changes in regulation and best practices.
* Deliver training and guidance to colleagues on TOBAs, onboarding standards, Client Money requirements, and relevant systems.
Who we’re looking for
* Significant experience in third-party due diligence, onboarding, or risk management within insurance/insurance broking
* Familiarity with the Lloyd’s insurance market and broking environment—including insurer relationships, market conventions, and typical system tools (BAR, ATLAS, CRYSTAL, etc.)
* Proven ability to understand, review, and advise on TOBAs (Terms of Business Agreements) with insurers and brokers.
* Solid understanding of Client Money rules and associated regulatory compliance—and experience applying these in an insurance broking context.
* Hands-on experience using policy administration or broking systems, and comfortable configuring third-party entities and relevant data.
* Competent in running robust due diligence checks: sanctions, credit, PEP, adverse media, etc.—and interpreting outcomes accurately.
* Excellent analytical skills, attention to detail, and an ability to spot and assess risk.
* Trusted advisor: strong interpersonal communication, ability to articulate complex concepts logically, and influence across teams.
* Experience contributing to policy development, procedural improvements, and potentially guiding more junior colleagues—though without direct line-management responsibilities.
* Proactive, self-motivated, able to work under pressure and meet tight deadlines, while maintaining high standards of accuracy.
About You
* Significant experience in third-party due diligence, onboarding, or risk management within insurance/insurance broking
* Familiarity with the Lloyd’s insurance market and broking environment—including insurer relationships, market conventions, and typical system tools (BAR, ATLAS, CRYSTAL, etc.)
* Proven ability to understand, review, and advise on TOBAs (Terms of Business Agreements) with insurers and brokers.
* Solid understanding of Client Money rules and associated regulatory compliance—and experience applying these in an insurance broking context.
* Hands-on experience using policy administration or broking systems, and comfortable configuring third-party entities and relevant data.
* Competent in running robust due diligence checks: sanctions, credit, PEP, adverse media, etc.—and interpreting outcomes accurately.
* Excellent analytical skills, attention to detail, and an ability to spot and assess risk.
* Trusted advisor: strong interpersonal communication, can articulate complex concepts logically, and influence across teams.
* Experience contributing to policy development, procedural improvements, and potentially guiding more junior colleagues—though without direct line-management responsibilities.
* Proactive, self-motivated, able to work under pressure and meet tight deadlines, while maintaining high standards of accuracy.
What you’ll get
* When you join SRG, you’re stepping into more than just a role—you’re becoming part of a team that backs your ambitions and celebrates your success. We’ll give you the space, support, and opportunities to grow your skills, explore new challenges, and shape a career you’re proud of.
* 25 days holiday plus an extra half-day off to celebrate your birthday month
* Company pension scheme to help secure your future
* Private medical cover for peace of mind
* Life insurance, income protection and sick pay to support you when you need it
* Charity and volunteering days so you can give back to causes you care about
What to expect
At SRG, our colleagues are at the heart of everything we do. We pride ourselves on fostering an inclusive, respectful culture—one where people feel empowered, valued, and equipped for growth. We embrace new ideas, adapt to challenges, and celebrate shared success. We’re committed to making our recruitment process and workplace accessible to everyone. If you have a disability or require any adjustments—whether during the hiring process or in your day-to-day role—we’ll work with you to ensure you have the support you need. Just let us know how we can help.
Seniority level
* Mid-Senior level
Employment type
* Full-time
Job function
* Other
* Information Technology
* Management
Industries
* Insurance
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