Internal Controls Lead, Risk & Compliance

Beazley; Greater London; Remote; GBP 54,000 - 90,000; Full time

Benefits offered by this job

Discretionary annual bonus

Job summary

Beazley is establishing a new Internal Controls Function to strengthen first-line accountability and provide independent second-line assurance over key financial, operational and regulatory controls. The Controls Business Partner will play a critical role in supporting business areas in their interaction with the outsourced Controls Testing Services provider.

The role focuses on ensuring that business areas are effectively engaged in the controls testing process, that high-quality inputs are

Qualifications

• Understanding of internal control frameworks, risk management and assurance practices.
• Experience in insurance, financial services, or a similarly regulated environment.
• Familiarity with regulatory expectations (e.g. PRA/FCA, Solvency II or equivalent) is advantageous.

Responsibilities

• Act as the primary point of contact for assigned business areas (e.g., Reporting, Accounting and Tax, Finance Change & Operations, Financial Performance, Investments, and Group Actuarial or Risk and Compliance, Strategy, Marketing & Distribution and People & Sustainability).
• Support business stakeholders in understanding their responsibilities within the controls testing lifecycle.
• Facilitate effective communication between business areas and the outsourced testing provider.
• Maintain the controls library in the risk management system, working with colleagues in the Risk Function to ensure control records are maintained and updated, including following feedback from business stakeholders.
• Coordinate and secure required inputs from business areas for controls testing, including documentation, walkthroughs and evidence.
• Ensure timely and accurate responses to requests from the outsourced provider.
• Track progress of testing activities across assigned business areas and elevate delays or issues as required.
• Provide practical guidance to business areas on strengthening control design and operation.
• Translate findings and insights from testing into actionable recommendations.
• Support business areas in embedding sustainable remediation actions.
• Support the review of testing performed by the outsourced provider, focusing on completeness, accuracy and consistency.
• Highlight potential quality concerns and elevate to the Controls Governance Manager.
• Assist in thematic reviews and identification of recurring control issues.
• Build strong, trusted relationships with key stakeholders across assigned business areas.
• Act as a credible second-line partner, balancing support with appropriate challenge.
• Promote awareness of controls best practice and regulatory expectations.
• Contribute to the development of reporting on control effectiveness, issues and remediation progress.
• Provide insights on themes, trends and emerging risks within assigned business areas.
• Support preparation of materials for governance forums where required.
• Identify opportunities to improve controls processes, documentation and testing readiness within business areas.
• Support initiatives to enhance the effectiveness of the Internal Controls Function.
• Promote consistency in controlled documentation and practices across the organisation.

Skills

Internal control frameworks

Risk management

Regulatory familiarity

Job description

Beazley is establishing a new Internal Controls Function to strengthen first-line accountability and provide independent second-line assurance over key financial, operational and regulatory controls. The Controls Business Partner will play a critical role in supporting business areas in their interaction with the outsourced Controls Testing Services provider.

The role focuses on ensuring that business areas are effectively engaged in the controls testing process, that high-quality inputs are