Senior Compliance Officer Job at Social Value Portal Ltd (London)

Job Description

Provide compliance/regulatory advice to the Beazley Furlonge Limited (BFL) executive and functions including BFL's overseas offices. As a Senior Compliance Officer in the BFL General Advisory team, you are expected to work on compliance matters that impact largely BFL, including through overseas offices, from a strategic and regulatory standpoint. There will also be responsibility for compliance advisory for Beazley Insurance dac's UK branch (BIDAC UK) and Beazley Bermuda Insurance Limited (BBIL). You will be expected to develop a deep 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.

Job Responsibility

Keep abreast of key regulatory and legislative changes which may impact Beazley's Lloyd's Managing Agency (BFL), its service companies and company market platforms (UK and Bermuda)
Performing horizon scanning/research using any available Beazley tools and external providers, undertaking impact analyses where necessary
Provide effective compliance advice on regulatory concerns with emphasis on global licensing and regulated activity
Attend product development discussions and forums, focusing on permitted distribution activities, marketing, licensing and operational readiness
Provide support on audit and assurance reviews
Work with the Compliance Manager and other team members on strategic projects, providing entity specific inputs where necessary
Understand Beazley's approach to use of Artificial Intelligence and implement appropriate governance channels to support innovation in a compliant manner
Business partner for the product line or distribution area of BFL's underwriting teams assigned to you by the Compliance Manager
Contribute to the annual compliance plan as part of the wider Compliance function annual plan
Provide support to risk management for incident investigation and reporting
Provide compliance advice to BFL's entities and related business
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 Underwriting and claims staff on UK and Lloyd's topics
Support the BFL General Advisory team and the BFL business with applicable regulatory knowledge and expertise
Develop a detailed understanding of UK and relevant international compliance matters and provide advice 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 and ongoing compliance with embedded procedures
Focus on technology improvements to make the team's day to day management of workload efficient and measurable

Requirements

Extensive insurance experience in either the Lloyd's (preferable) or company market is a requirement
Compliance experience and understanding of fundamental compliance concepts
Understanding of 2nd line oversight principles
Excellent oral and written communication skills
Demonstrated ability to build positive relationships with a wide range of stakeholders and with the assistance of the Manager of the BFL General Advisory team, challenge, negotiate with, influence and persuade stakeholders
Excellent research skills
A detailed understanding of 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
Experience working with overseas offices / Lloyd's overseas compliance
An interest in working on global distribution initiatives

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Senior Compliance Officer

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