Compliance Officer - BFL General Advisory

Beazley; London; On-site; GBP 40,000 - 80,000; Full time

Job summary

An established industry player is seeking a Compliance Officer to join their dynamic team. This role involves providing essential regulatory advice and support to ensure compliance across various functions, including overseas offices. The ideal candidate will have a solid understanding of UK and international compliance, with a focus on licensing and strategic projects. You will work closely with senior compliance officers and contribute to the development of a robust compliance culture. This is an exciting opportunity to make a significant impact in a collaborative environment, where your expertise will help shape the future of compliance within the organization.

Qualifications

• Experience in regulatory compliance and understanding of compliance concepts.
• Ability to build relationships with stakeholders and provide effective advice.

Responsibilities

• Provide compliance advice on regulatory concerns with emphasis on licensing.
• Assist in governance oversight of breaches and compliance culture embedding.

Skills

Regulatory Compliance

Stakeholder Engagement

Research Skills

Analytical Thinking

Communication Skills

Education

2 years of insurance experience

Job description

Compliance Officer - BFL General Advisory

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Compliance Officer - BFL General Advisory

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Job Description & Person Specification

General

Job Description & Person Specification

Job Title: Compliance Officer: BFL General Advisory

Reports To: BFL Compliance Manager, General Advisory

Key Relationships: Group Head of Compliance, BFL Senior Compliance Officers - General Advisory and Regulatory Affairs, Global Compliance advisory team, 2nd Line Assurance, Underwriters, Finance, Financial Crime team, DPO, Internal Audit, Culture and People, 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 Compliance Officer in the BFL General Advisory team, you are expected to work on compliance matters that impact BFL, including through their overseas businesses, from a strategic and regulatory standpoint. You will be expected to develop your 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 working closely with the Heads of Compliance for relevant jurisdictions and the Head of Global Programmes.

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) (undertaking impact analyses where necessary) by performing horizon scanning/research using any available Beazley tools and external providers.
• Provide effective compliance advice on regulatory concerns with emphasis on licensing and regulated activity.
• Provide support on audit and assurance reviews.
• Work with and assist the BFL General Advisory Compliance Manager and other Compliance Officers and Senior Officers, including on strategic projects.
• Assist in the business partnering for the product line or distribution area of BFL’s underwriting team assigned to you by the BFL General Advisory Compliance Manager.
• Assist with BFL inputs to Cross-border projects and reviews.
• Contribute to the annual BFL compliance plan as part of the wider Compliance function annual plan.
• Assist governance oversight of breaches and how breaches are managed from a compliance standpoint.
  
  

Embedding compliance culture within Beazley

• Provide compliance advice to BFL’s businesses.
• 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 BFL 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 an understanding of UK and relevant international compliance matters and provide advice to the BFL business 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.
• Provide excellent customer service to the internal business and support teams so that all teams go to Compliance for support in ensuring they conduct their roles in a compliant fashion.
  
  

Personal Specification

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 Compliance Officers and the Manager of the BFL General Advisory team, challenge, negotiate with, influence and persuade stakeholders.
• Good research skills.
• An understanding of the 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

• 2 years’ insurance experience in either the Lloyd’s (preferable) or company market is a requirement.
• Compliance experience and understanding of fundamental compliance concepts.
• Experience working with overseas offices/ Lloyd’s overseas compliance.
• An interest in working on global distribution initiatives.
• Keen understanding of 2nd line oversight principles
  
  

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

Seniority level

• Seniority level

  Not Applicable

Employment type

• Employment type

  Full-time

Job function

• Job function

  Legal

• Industries

  Insurance

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