Compliance Officer

General

Job Title: Compliance Officer

Division: Compliance - Risk & Compliance

Reports To: Compliance Manager, London

Key Relationships: Compliance Manager, Global Head of Compliance, Global Compliance Teams, Executive Management Teams, Underwriters, Finance, Internal Audit, Culture & People, Data Management, Risk Management.

Job Summary: To provide regulatory compliance assistance and assurance across the business as it grows in size and complexity. Particular focus on supporting the Compliance Manager in London with the strategic management of the PRA, FCA and Lloyd’s regulatory relationships. Support the Global Compliance function, as necessary.

Key Responsibilities

• Support the development and maintenance of relationships with key regulators, as well as assisting with regulatory reviews and ensuring that any follow up actions are addressed.
• Understand Lloyd’s, PRA and FCA requirements and assist with the Lloyd’s Oversight Principles attestation and delivery of the PRA PSM Letter actions.
• Support in handling regulatory enquiries from regulators, ensuring prompt and appropriate responses.
• Contribute, coordinate and submit Lloyd’s, PRA, FCA, MAS and other international regulator’s returns.
• Obtain a good understanding of the regulatory requirements applicable to the organisation in terms of oversight of compliance with existing legislation and identification of emerging legislation.
• Establish and maintain highly effective relationships with other Business stakeholders, in the spirit of continuous improvement and to ensure effective compliance information sharing across the business.
• Support the Compliance Manager and wider Compliance team to maintain our Compliance Framework to provide assurance that the Company is compliant with all relevant regulatory obligations.
• Provide ad hoc compliance advice to all functions within Beazley, covering everyday queries, corporate projects and business initiatives.
• Support the Compliance team to maintain and review the Compliance policies and relevant underlying procedural documents.
• Work with the business to ensure that the organisation’s procedures and policies are relevant, appropriate and comply with the relevant regulations.
• Assist second line assurance in identifying areas for compliance review and providing support throughout the review process, where necessary.
• Conduct tailored training with relevant business areas and provide input into system based regulatory and conduct training content.
• Represent the Regulatory team at internal Global Compliance meetings.
• Represent the Compliance function in required Project Working Groups, contributing to ensure the project progresses within agreed timeframes, so enabling the business to meet its strategic objectives.
• Assist with the preparation of compliance papers to support the organisation’s governance structure.
• Provide regular progress updates both written and verbally to the Global Head of Compliance.
  
  

General

It Is Important That Within All Your Interactions Both Internally And Externally You Adhere To Beazley’s Core Values - Being Bold, Striving For Better, And Doing The Right Thing - As They Contribute To An Internal Environment Of Teamwork And Promote a Positive Brand Image And Experience To Our External Customers. We Also Expect Beazley Employees To

• Comply with Beazley procedures, policies and regulations including the code of conduct, which incorporates the PRA and FCA Conduct.
• Undertake training on Beazley policies and procedures as delivered by your line manager, the Culture & People or assurance teams (compliance, risk, internal audit) either directly, via e-learning or the learning management system.
• Display business ethics that uphold the interests of all our customers.
• Ensure all interactions with customers are focused on delivering a fair outcome, including having the right products for their needs.
• Comply with any specific responsibilities necessary for your role as outlined by your line manager, the Culture & People or assurance teams (compliance, risk, internal audit) and ensure you keep up to date with developments in these areas. This may include, amongst others, Beazley’s underwriting control standards, Beazley’s claims control standards, other Beazley standards and customer relationship management.
• Carry out additional responsibilities as individually notified, either through your objectives or through the learning management system. These may include membership of any Beazley committees or working groups.
  
  

Personal Specification

Skills & Abilities

• Ability to work at both detailed and summary level
• Strong interpersonal and influencing skills
• Able to communicate effectively with others
• Ability to manage time, meet deadlines and prioritise in a pressurised environment
• Team player as well as the ability to use own initiative
• Good understanding of organisational processes
• Excellent documentation and presentation skills
  
  

Knowledge & Experience

• Compliance/regulatory/legal experience required in the insurance sector
• Successful track record of planning and actively delivering tangible results
  
  

Aptitude & Disposition

• Proactive
• Enthusiastic and positive
• Self-motivated with the ability to work autonomously
• Professional approach to successfully interact with colleagues and regulators
• Firm but diplomatic
• Flexible and pragmatic
  
  

Competencies

• Attention to detail
• Information seeking
• Outcome focused
• Problem solving
• Personal Impact
• Leadership