Job Title: Senior Financial Crime Officer
Division: General Management – Risk & Compliance
Reports To: Head of Financial Crime
Key Relationships Financial Crime Team, Global Compliance Senior Leadership Team, Group Head of Compliance, 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) and Financial Crime Manager (Deputy MLRO) 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, and assist the Head of Financial Crime in developing financial crime MI reporting capability.
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.
- Support the Head of Financial Crime (MLRO) in developing a financial crime management information suite. This includes liaising with various business functions (Data Management, IT, Underwriting, Claims, etc) to develop and build a management information data set for onward reporting to the board and / or executive committee.
- Support the Head 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, including 2nd line assurance, risk management and internal audit.
- Undertake sanctions screening and ensure that it is completed on a timely basis for Beazley group entities and that KPIs are within tolerance levels.
- Assist the Head 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 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 as appropriate.
- Support the Head of Financial Crime in designing, writing and implementing frameworks, policies, procedures, processes and systems.
- Provide financial crime input into systems developments where requested.
- 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, skill and 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 to 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 which incorporates the PRA and FCA Conduct.
- Undertake training on Beazley policies and procedures as delivered by your line manager, the People & Sustainability 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 People & Sustainability 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 level educated or equivalent
- Relevant professional qualification (e.g., ICA Diploma, ACAMS or equivalent).
Knowledge, Experience and Skills
- Proven financial crime expertise, preferably with a focus on sanctions and a strong understanding of the Lloyd’s market and framework; company market experience is advantageous.
- Expertise in the execution of risk assessments and development of management information is desirable.
- Knowledge of financial crime regulation, policies and procedures, particularly in regards to UK/EU/UN/OFAC Sanctions regimes, the UK Proceeds of Crime Act Section 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 strong partnering relationships with a wide range of stakeholders.
- Ability to interact professionally and with credibility and manage expectations of management and key stakeholders.
- Ability to manage time, meet deadlines and prioritise.
- Able to communicate effectively with others.
- Proficiency in Microsoft 365 apps.
- Experience of dealing with financial crime regulatory agencies, including OFAC, OFSI & EU, in relation to sanctions issues.
- Experience of working in a global and fast paced business environment is essential.
Aptitude and Disposition
- Application of risk-based judgement
- Maintaining confidentiality, diplomacy and discretion
- Influencing and trusted advisor
- Flexible
- Energetic, enthusiastic and 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 of integrity / discretion
- Strong written and verbal communication skills
- Analytical
- Attention to detail, with ability to see bigger picture
- Ability to challenge, negotiate with, influence and persuade both internal and external parties