Senior Compliance Officer

General:

Job Description & Person Specification

Job Title: Senior Compliance Officer: Group and UK

Division: Compliance – Risk & Compliance

Key Relationships:

Internal: Group Head of Compliance/ UK SMF16, Heads of EU and North America Compliance, UK Compliance managers, UK, EU and US Compliance Staff. Boards, committees and senior management, all major business and functional areas including: Underwriters, Claims, Operations, Finance, Internal Audit, Risk and Culture & People.

External: Central Bank of Ireland, PRA, Lloyd’s, FCA and as required. Specialist legal and consultancy vendors, market peers and industry forums.

as well as the UK regulatory handbooks and supervisory expectations. Provide assistance with drafting, reporting, training and compliance policies.

Key Responsibilities

Drafting high quality briefing notes for executives preparing to meet with regulators and supporting the business with quality control on formal responses to regulators. Minute taking in formal meeting for senior executives. Assist with the preparation and filing of periodic regulatory returns.

Horizon scanning: Using the dedicated third-party horizon scanning service to understand the regulatory environment in the jurisdictions where we operate. Contributing to the Compliance function’s remit to highlight key regulatory developments that could impact Beazley’s business, explaining and contextualising this as needed.

Contribute to Compliance input to regulatory 'mandatory change' projects at Group, and in Beazley Furlonge as required, including advising the business on the appropriate interpretation of requirements to enable effective implementation.

Contribute to and deliver training on key regulatory and compliance topics to the business and Board members.

Stakeholder management:Build effective partnerships with internal and external stakeholders. Liaise closely with the Global Compliance SLT and Compliance Managers to help support regulatory relationships at Group and in the UK.

Governance and assurance: Prepare insightful internal reporting for boards and committees on regulatory activities and advisories, as required. Contribute to the development, documenting and maintenance of policies and procedures within the function.

Risk Management: Assist Risk Management and other assurance colleagues in periodic assessments of regulatory compliance KRIs. Contribute to the design and delivery of compliance monitoring and testing as needed.

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:

• Highly organised and used to working at pace. Owning the outcome of what you do.
• Excellent communicator, both verbal and written can assimilate information and present it succinctly.
• - Analytical, strong attention to detail, with ability to see bigger picture and focus on what matters.
• Technically skilled and proficient: Sound knowledge of the regulatory handbooks and Lloyd’s byelaws and oversight principles.
• Good attention to detail with the ability to produce high quality advice.
• Ability to deal with problems in a practical and common-sense way, and make sound decisions
• Ability to manage expectations of senior management and key stakeholders, interacting professionally and with credibility.
• Ability to build strong partnering relationships with a wide range of stakeholders
• Ability to challenge, negotiate with, influence and persuade both internal and external parties
• Knowledge & Experience
• Strong understanding of the UK insurance market and regulatory framework – essential
• Strong knowledge of Lloyd’s oversight processes and business model - esssential
• In-depth regulatory relations experience for an insurer – essential
• Experience of working in a global and fast paced business environment – essential
• Experience of managing or working within a regulatory engagement team or equivalent – highly advantageous
• Experience and understanding of the CBI’s regulatory approach - advantageous
• Good understanding and experience of managing compliance with Solvency II - desirable
• Strong knowledge of property and casualty insurance - desirable
• Experience of reporting and presenting to boards and committees - desirable
• Proficient in Microsoft 365 apps - desirable

• Calm and focussed
• Attention to detail
• Energetic, enthusiastic and positive
• Self-motivated with the ability to work autonomously
• Works effectively under pressure, to deadlines and handling unforeseen circumstances
• Professional approach to successfully interact with colleagues and regulators
• Able to manage a changing environment (both internal and external)

• Organised, with strong prioritisation skills
• Firm but diplomatic
• Friendly and approachable
• Flexible and pragmatic
• Information seeking
• Outcome focused