Senior Compliance Officer

General Job Title: Senior Compliance Officer Reports To:  Beazley Furlonge Limited (BFL) Compliance Manager, General Advisory Key Relationships: UK Head of Compliance, BFL Senior Compliance Officers – General Advisory and Regulatory Affairs, EU and North America Compliance teams, 2nd Line Assurance, Underwriters, Claims, Finance, Financial Crime team, DPO, Internal Audit, People and Sustainability, Risk Management, Local regulatory authorities, Outside legal counsel, Corporate Development and other internal stakeholders

Job Summary: Provide compliance/regulatory advice to the Beazley Furlonge Limited (BFL) executive and functions including BFL’s overseas offices

As a Senior Compliance Officer in the BFL General Advisory team, you are expected to work on compliance matters that impact largely BFL, including through overseas offices, from a strategic and regulatory standpoint

There will also be responsibility for compliance advisory for Beazley Insurance dac’s UK branch (BIDAC UK) and Beazley Bermuda Insurance Limited (BBIL)

You will be expected to develop a deep understanding of UK and international compliance and provide support and advice in your assigned area/key markets

Your role will include a focus on licensing and the effectiveness of the implementation of the advice provided; this will be overseen by the Manager of the BFL General Advisory team

Key Responsibilities:  Individual   Responsibilities will include, but are not limited to: Regulatory and Compliance Keep abreast of key regulatory and legislative changes which may impact Beazley’s Lloyd’s Managing Agency (BFL), its service companies and company market platforms (UK and Bermuda)

Performing horizon scanning/research using any available Beazley tools and external providers, undertaking impact analyses where necessary

Provide effective compliance advice on regulatory concerns with emphasis on global licensing and regulated activity

Attend product development discussions and forums, focusing on permitted distribution activities, marketing, licensing and operational readiness

Provide support on audit and assurance reviews

Work with the Compliance Manager and other team members on strategic projects, providing entity specific inputs where necessary

Understand Beazley’s approach to use of Artificial Intelligence and implement appropriate governance channels to support innovation in a compliant manner

Business partner for the product line or distribution area of BFL’s underwriting teams assigned to you by the Compliance Manager

Contribute to the annual compliance plan as part of the wider Compliance function annual plan

Provide support to risk management for incident investigation and reporting

Embedding compliance culture within Beazley Provide compliance advice to BFL’s entities and related business

Develop understanding of Beazley’s operations, customers and plans, and assist in developing and implementing various measures necessary for embedding compliance throughout Beazley

This includes creating and conducting training and drafting bulletins and communications

Provide training to Underwriting and claims staff on UK and Lloyd’s topics

Compliance team Support the BFL General Advisory team and the BFL business with applicable regulatory knowledge and expertise

Develop a detailed understanding of UK and relevant international compliance matters and provide advice on relevant transactions including distribution initiatives

Effectively build partnerships with internal ‘customers’.  Maintain a close working relationship with the business

Following the business’s implementation of regulatory advice, work with assurance functions on the applicability of new guidance and ongoing compliance with embedded procedures

Focus on technology improvements to make the team’s day to day management of workload efficient and measurable

General It is important that within all your interactions both internally and externally you adhere 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 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: Essential Criteria Extensive insurance experience in either the Lloyd’s (preferable) or company market is a requirement

Compliance experience and understanding of fundamental compliance concepts

Understanding of 2nd line oversight principles

Skills and Abilities Excellent oral and written communication skills

Demonstrated ability to build positive relationships with a wide range of stakeholders and with the assistance of the Manager of the BFL General Advisory team, challenge, negotiate with, influence and persuade stakeholders

Excellent research skills

A detailed understanding of compliance concepts and the three lines of defence

Ability to detect areas of improvement in current compliance processes

Ability to determine, understand and analyse regulatory requirements and their impact on insurance

Organisational skills and ability to work on multiple tasks

Ability to work with and report to a global team

Ability to investigate efficiencies and seek automation where applicable

Knowledge and Experience Experience working with overseas offices / Lloyd’s overseas compliance

An interest in working on global distribution initiatives

Aptitude and Disposition Flexible Energetic, enthusiastic and positive Self-motivated Collaborative, team player Firm but diplomatic

Friendly and approachable Service focused

Solutions focused

Competencies Team working Detail oriented with ability to retain sight of the bigger picture

Effective communicator, especially in writing Analytical thinking Problem Solver Inquisitive