Financial Crime Officer

Beazley; Greater London; On-site; GBP 50,000 - 70,000; Full time

Job summary

A global insurance firm in Greater London seeks a Financial Crime Officer to support oversight of financial crime matters across the group. The role includes providing advisory support, undertaking sanctions screening, and delivering compliance training. Ideal candidates will possess proven financial crime expertise, relevant qualifications, and effective communication skills. This position promotes a culture of integrity and good conduct within the team.

Qualifications

• Strong understanding of Lloyd's market and framework.
• Experience in a global and fast-paced business environment.
• Experience of Committee and Board reporting.

Responsibilities

• Act as a point of escalation for financial crime matters.
• Provide financial crime advisory support to assurance functions.
• Undertake sanctions screening for timely completion.
• Support execution of enterprise-wide financial crime risk assessment.
• Deliver financial crime compliance training to employees.

Skills

Proven financial crime expertise

Knowledge of financial crime regulation

Ability to build strong partnering relationships

Effective communication skills

Proficiency in Microsoft 365 apps

Education

Degree level educated or equivalent

Relevant professional qualification (e.g., ICA Certificate/Diploma, ACAMS)

Job description

Description

JobTitle: Financial CrimeOfficer

Division: General Management–Risk &Compliance

ReportsTo: Head ofFinancial Crime & MLRO

Key Relationships: Deputy MLRO andFinancial Crime Team, Global Compliance Senior Leadership Team, Group Head of Compliance, Business Manager to the Group CRO, Global Compliance team members and wider team members of second and third line functions (2nd Line Assurance, Risk Management and Internal Audit), as well as first line internal stakeholders including Underwriting, Claims, Finance, Delegated Operations and Operations.

Job Summary

Support the Head of Financial Crime (MLRO), Financial Crime Manager (Deputy MLRO) and Senior Financial Crime Officer in maintaining oversight of financial crime matters across the Group. Assist the Head of Financial Crime and Financial Crime Manager to deliver an effective financial crime framework capable of oversight of financial crime matters.

Key Responsibilities

Financial Crime

• Act as a point of escalation for financial crime matters, ensuring the business is provided with prompt advice.This may be written or verbal or through training sessions and workshops. This involves being available and very responsive, able to carry out research quickly and effectively.
• Provide financial crime advisory support to other assurance functions, including2ndline assurance, riskmanagementand internal audit.
• Undertake sanctions screening and ensure that it is completed ona timelybasis for Beazley group entities and that KPIs are within tolerance levels.
• Support theHead of Financial Crime (MLRO) and Financial Crime Manager (Deputy MLRO) in the execution of the enterprise-wide financial crime risk assessment.
• Provide financial crime advisory support to other assurance functions, including2ndline assurance, riskmanagementand internal audit.
• Assist theHead of Financial Crime (MLRO) and Financial Crime Manager (Deputy MLRO) in keeping up to date with new financial crime legislation and regulation and summarising the impact these will have on the Beazley group.
• Act in an advisory capacity to support business heads and management focus on the financial crime risk in individual business areas.
• Support the Head of Financial Crime(MLRO) and Financial Crime Manager (Deputy MLRO) to ensure financial crime guidance, procedures and processes are kept up to date and are made readily available to staff.
• Deliver financial crime compliance training to underwriters, underwriting assistants, claims managers and other Beazley employees asappropriate.
• Support the Head of Financial Crime(MLRO) in designing,writingand implementing frameworks, policies, procedures,processesand systems.
• Provide financial crime input into systems developments whererequested.
• Ensure records are maintained and up-to-date and that documentation is appropriately filed and retained.
• Promote a culture of good conduct within the Financial Crime team by demonstrating and communicating the expected levels of behaviour and integrity.

FCA conduct rules – individual conduct rules:

• You must act with integrity;
• You must act with due care,skilland diligence;
• You must be open and cooperative with the FCA, PRA and other regulators;
• You must pay due regard to the interests of customers and treat them fairly; and
• You must observe proper standards of market conduct.

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 withBeazley 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, amongstothers, 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 level educatedor equivalent;and/or
• Relevant professional qualification(e.g., ICACertificate/Diploma, ACAMS or equivalent).

Knowledge, Experience and Skills

• Proven financial crimeexpertise, preferably with a strong understanding of theLloyd’s market and framework; company marketexperienceadvantageous
• Knowledge of financial crimeregulation,policiesand procedures, particularlyin regard toUK/EU/UN/OFAC Sanctions regimes, the UKProceeds of Crime ActSection 7,FCA SYSC Handbook 6.3, FCA Financial Crime Guide Parts 1 & 2,UK Bribery Act, UK Fraud Act, JMLSG Guidance,and Suspicious Activity Reporting.
• Ability to build strongpartneringrelationships with a wide range of stakeholders.
• Ability to interact professionally and with credibilityand manage expectations of management and key stakeholders.
• Ability to manage time, meet deadlines and prioritise.
• Able to communicate effectively with others.
• Proficiencyin Microsoft 365 apps.
• Experience of working in a global and fast paced business environmentis essential.
• Experience ofCommittee and Boardreporting.

Aptitude and Disposition

• Application of risk-based judgement
• Maintaining confidentiality,diplomacyand discretion
• Influencing and trusted advisor
• Flexible
• Energetic,enthusiasticand positive
• Team player
• Self‑motivated with the ability to work autonomously
• Proactive
• Strong prioritisation skills; ability to meet deadlines and manage stakeholders’ expectations
• Highest degree ofintegrity/discretion
• Strong written and verbal communication skills
• Analytical
• Attention to detail, with ability tosee bigger picture
• Ability to challenge, negotiate with, influence and persuade both internal and external parties