Financial Crime Officer

Financial Crime Officer at Beazley

This role supports 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 Beazley Group. You will assist in delivering an effective financial crime framework, ensuring robust oversight and compliance.

Key Responsibilities

Financial Crime

• Act as a point of escalation for financial crime matters, providing prompt and well-researched advice to the business through written, verbal, training, or workshop formats.
• Offer financial crime advisory support to other assurance functions, including 2nd line assurance, risk management, and internal audit.
• Conduct sanctions screening in a timely manner for Beazley group entities, ensuring KPIs remain within tolerance levels.
• Support the Head of Financial Crime and Financial Crime Manager in executing the enterprise-wide financial crime risk assessment.
• Assist in monitoring new financial crime legislation and regulation, summarising their potential impact on the Beazley group.
• Provide advisory capacity to business heads and management, focusing on financial crime risk in individual business areas.
• Support the Head of Financial Crime and Financial Crime Manager in keeping financial crime guidance, procedures, and processes up-to-date and accessible to staff.
• Deliver financial crime compliance training to underwriters, underwriting assistants, claims managers, and other Beazley employees.
• Support the Head of Financial Crime in designing, writing, and implementing frameworks, policies, procedures, processes, and systems.
• Provide financial crime input into systems developments as required.
• Ensure records are maintained, up-to-date, and documentation is appropriately filed and retained.
• Promote a culture of good conduct within the Financial Crime team by demonstrating and communicating expected levels of behaviour and integrity.

FCA Conduct Rules – Individual Conduct Rules

• Act with integrity.
• Act with due care, skill, and diligence.
• Be open and cooperative with the FCA, PRA, and other regulators.
• Pay due regard to the interests of customers and treat them fairly.
• 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. These values contribute to an internal environment of teamwork and promote a positive brand image and experience to our external customers. Beazley employees are also expected 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, Culture & People, or assurance teams.
• Display business ethics that uphold the interests of all our customers, ensuring fair outcomes and appropriate products.
• Comply with specific responsibilities outlined for your role, staying updated on developments in areas such as underwriting and claims control standards.
• Carry out additional responsibilities as individually notified, potentially including membership of Beazley committees or working groups.

Personal Specification

Essential Criteria

• Prior experience in a financial crime role within an insurance environment.
• Knowledge of UK/EU/UN/OFAC Sanctions regimes.
• Proven ability in providing financial crime advice.

Education And Qualifications

• Degree level educated or equivalent; and/or
• Relevant professional qualification (e.g., ICA Certificate/Diploma, ACAMS or equivalent).

Knowledge, Experience And Skills

• Proven financial crime expertise, preferably with a strong understanding of the Lloyd’s market and framework; company market experience is advantageous.
• Knowledge of financial crime regulation, policies, and procedures, particularly regarding UK/EU/UN/OFAC Sanctions regimes, 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, managing expectations of management and key stakeholders.
• Ability to manage time, meet deadlines, and prioritise effectively.
• Able to communicate effectively with others.
• Proficiency in Microsoft 365 apps.
• Experience of working in a global and fast-paced business environment is essential.
• Experience of Committee and Board reporting.

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.

Key skills/competency

• Financial Crime
• Sanctions Screening
• AML Compliance
• Risk Assessment
• FCA Regulations
• SAR Reporting
• Stakeholder Management
• Due Diligence
• Insurance Sector Knowledge
• Regulatory Advisory