Compliance Manager & DPO APAC in Aylesbury

Reports To: UK Head of Compliance & Regulatory Affairs

Local: Head of Asia Pacific, Beazley

Key Relationships

• Beazley Furlonge Limited ("BFL"): Head of Asia Pacific, Beazley Pte Principal Officer, Beazley Labuan Principal Officer, Beazley Pte Board, Beazley Labuan Board, BFMC and Risk Committee; UK Head of Compliance & Regulatory Affairs, BFL CRO, platform DPOs (or local equivalents) and their teams; UK Compliance management team; Underwriting senior management; BFL Finance; Internal Audit; People & Sustainability; Information Security; other internal stakeholders as required.
• Group: Group CRO, Manager to the Group CRO, 2nd Line SLT, Group Risk & Regulatory Committee; Group Data Protection Sub-committee.
• External: Lloyd’s Asia representatives; MAS (Monetary Authority of Singapore); Labuan FSA; Lloyd’s of London account manager (indirect); PRA/FCA (indirect); key regional legal advisory partners; other regional authorities and regulatory bodies as applicable.

Job Summary

The role is the first local Compliance representative for the Singapore and Labuan businesses. The role-holder will have no line management responsibilities initially and must be comfortable operating as a sole practitioner, but in close alignment with colleagues across the business and other functions, as well as as part of a wider internationally-based function. The role holder is intended to have day-to-day decision-making responsibility on the ground.

Key Responsibilities

• Provide local compliance oversight and advisory support for Beazley Pte and Labuan (Beazley APAC), across all areas of regulatory compliance including regulatory reporting and incident reporting (MAS and Lloyd’s).
• Liaise with the Financial Crime shared service team on any local whistleblowing and conflict management, and oversee applicable Data Protection requirements, contributing to the development of the existing framework.
• Ensure the business operates in full compliance with local regulatory and statutory requirements and support the wider business with regulatory compliance advice across Beazley’s licensed footprint in the APAC region (China, Malaysia, Australia, New Zealand, Japan).
• Provide support to the UK Head of Compliance & Regulatory Affairs in the discharge of their responsibilities for BFL’s service companies in APAC.
• Support Risk Management with the development of the wider risk management framework.
• Oversight of key co-sourcing arrangements locally.
• Contribute to the Group and UK Compliance functions as required.
• Advisory: Provide regulatory compliance support across underwriting and other business functions, including licensing and product distribution requirements; recognise when external advisory support is required and source and oversee the same with UK Head of Compliance and local management.
• Financial Crime: Support the Group Financial Crime shared service team to keep guidance, procedures and processes up to date; liaise with and support whistleblowing and conflict management work.
• Cross-border support: Liaise with global compliance colleagues to facilitate international insurance transactions involving APAC issues.
• Horizon Scanning: Embed the global framework and keep abreast of emerging regulatory and statutory changes; contribute to the UK Compliance function’s quarterly Change Committee report and support implementation projects with interpretations of requirements.
• Training: Propose the annual APAC compliance training plan using data to identify needs; adapt training in-year to emerging trends or incidents.
• Monitoring & Testing: Contribute to the UK Compliance Monitoring & Testing Plan and identify areas for continuous monitoring based on local regulatory expectations.
• Reporting: Develop KPIs and KRIs for the local Compliance capability in alignment with the UK Head of Compliance and local management; provide regular, succinct, high-quality reports to Singapore and Labuan Boards on regulatory relationships, expectations, and progress of Compliance initiatives; contribute to other Beazley and Group reporting as required.

Data Protection

• Act as the APAC regional DPO, ensuring appropriate processes and controls are implemented to support regulatory compliance, tailored to local and international laws.
• Respond timely to formal data requests under local laws.
• Ensure cross-border data agreements (internal and external) support the APAC business model.
• Provide advice to the business on Data Protection matters including NDAs and contracts as applicable.
• Oversee outsourced or co-sourced Data Protection provision for APAC.
• Escalate serious matters including breaches and risk incidents involving Data Protection controls to the Singapore and Labuan Boards and the UK/Group DPO and UK Head of Compliance.
• Notify local regulators in required timeframes and participate in the Group Data Protection sub-committee.

Management

Participate in planning, decision-making and strategy-setting for the Beazley APAC Compliance capability.

Business Partnership

Act as a compliance partner to Beazley APAC staff and Board. Assist in designing periodic compliance risk assessments and regulatory status reviews of Beazley APAC. Support Internal Audit and 2nd Line Assurance in planning and conducting business reviews.

General

Adhere to Beazley’s core values — Being Bold, Striving for Better, and Doing the Right Thing — in all interactions. Be prepared to undertake Beazley procedures, policies and regulations, complete training, display ethics, ensure fair outcomes for customers, maintain Beazley standards, and participate in committees or working groups as notified.

Person Specification

Essential Criteria

• Compliance background in financial services
• Extensive knowledge of Singapore & Labuan regulatory compliance regime
• Working knowledge of other major regulatory regimes across APAC
• Sound knowledge of local Data Protection laws and approaches to managing Data Protection in an international business

Knowledge and Experience

• Legal qualifications preferred
• Regulatory engagement experience is an advantage
• Knowledge of Lloyd’s of London business model is an advantage but not essential (full training will be given)

Skills and Abilities

• Excellent oral and written communication skills
• Local language capability desirable
• Strong stakeholder-management capabilities
• Ability to interpret regulatory requirements pragmatically and assess their impact on the business
• Strong organisational skills and ability to multi-task
• Ability to track and meet deadlines
• Capable of operating in a matrix environment
• Resilient to change; able to work in a fast-paced environment

Aptitude and Disposition

• Flexible
• Energetic, enthusiastic and positive
• Self-motivated
• Collaborative, team player
• Firm but diplomatic
• Commercial and pragmatic
• Proactive
• Friendly and approachable
• Service focused