Senior Compliance Officer - 12 Month FTC

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General

Job Title: Senior Compliance Officer – 12 Month FTC

Division: Compliance

Reports To: Compliance Manager – Regulatory Affairs and Conduct Risk

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

Job Summary: To provide support on FCA, Lloyd\’s and PRA regulatory processes and interactions, ensuring regulatory compliance across the business as it grows in size and complexity. Particular focus on supporting the Compliance Manager with the strategic management of Consumer Duty and second line Conduct Risk as alongside the managing of UK 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 regulatory requirements, particularly surrounding the implementation of Consumer Duty and assist with the delivery of the regulator attestations and actions.
• Develop and help to maintain high quality trackers that are useful bases for formal reporting.
• Support in handling regulatory enquiries from regulators, ensuring prompt and appropriate responses / escalation as appropriate.
• Support the business on first line Conduct Risk related queries working closely with the Conduct Risk team, including any related to delegated authority arrangements.
• Inform and advise the business of Conduct and Consumer Duty changes to regulations.
• Support the drafting of Conduct Review Group reports and information to committees and Boards.
• Contribute, coordinate and submit regulatory returns to our UK and international regulators.
• Assist with formal minute taking at regulatory meetings.
• 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 and act as the Compliance Conduct Risk champion, 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.
• 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.
• Provide input into system based regulatory and conduct training content.
• Represent the Regulatory Affairs and Conduct Risk 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 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 via 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:

Education and Qualifications

• Degree and/or relevant professional qualification

Skills and 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
• Team player as well as the ability to use own initiative
• Ability to work in a pressurised, deadline-bound environment
• Good understanding of organisational processes
• Excellent documentation and presentation skills

Knowledge and Experience

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

Aptitude and Disposition

• Attention to detail
• Outcome focussed
• Proactive
• Enthusiastic and positive
• Self-motivated with the ability to work autonomously
• Professional approach to successfully interact with colleagues and regulators
• Organised, with strong prioritisation skills
• Firm but diplomatic
• Flexible and pragmatic

Competencies

• Effective communicator
• Self-motivated
• Problem solving
• Achievement orientated
• Personal Impact
• Leadership

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