Financial Crime Officer

Job Title

Financial Crime Officer

General Management – Risk & Compliance

Head of Financial Crime & MLRO

Deputy MLRO and Financial 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.

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.

• 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, 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.
• Support the Head of Financial Crime (MLRO) and Financial Crime Manager (Deputy MLRO) in the execution of the enterprise-wide financial crime risk assessment.
• 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 (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 as appropriate.
• Support the Head of Financial Crime (MLRO) and Financial Crime Manager (Deputy MLRO) 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.

• 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.

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 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…