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Financial Crime Officer

Beazley • Full-time • London, United Kingdom • 3m ago

General

Description

JobTitle: Financial CrimeOfficer

Division: General Management–Risk &Compliance

ReportsTo: Head ofFinancial Crime& MLRO

Key Relationships: Deputy MLRO andFinancial Crime Team,Global Compliance SeniorLeadershipTeam,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 andInternal Audit),as well as first lineinternal stakeholdersincluding Underwriting, Claims, Finance, Delegated Operationsand Operations.

Job Summary

Support the Head of Financial Crime (MLRO),Financial Crime Manager (Deputy MLRO)and Senior Financial Crime Officerinmaintainingoversight 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.

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.

Provide financial crime advisory support to other assurance functions, including2ndline assurance, riskmanagementand internal audit.

Undertake sanctions screening and ensure that it is completed ona timelybasis for Beazley group entities and that KPIs are within tolerance levels.

Support theHead 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, including2ndline assurance, riskmanagementand internal audit.

Assist theHead 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 asappropriate.

Support the Head of Financial Crime(MLRO)in designing,writingand implementing frameworks, policies, procedures,processesand systems.

Provide financial crime input into systems developments whererequested.

Ensurerecordsaremaintainedand up-to-date and that documentation is appropriately filed andretained.

Promote a culture of good conduct within the Financial Crimeteambydemonstratingand 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,skilland 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 mustobserveproper standards of market conduct.

General

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 theycontribute 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 withBeazley 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 withany specific responsibilities necessary for your role as outlined by your line manager, the Culture & People or assurance teams (compliance, risk, internal audit) and ensure you keep up to date with developments in these areas.  This may include, amongstothers, Beazley’s underwriting control standards, Beazley’s claims control standards, other Beazleystandardsand customer relationship management.

Carry outadditionalresponsibilities as individually notified, either through yourobjectivesor through the learning management system.  These may include membership of any Beazley committees or working groups.

Personal Specification:

Education and Qualifications

Degree level educatedor equivalent;and/or

Relevantprofessionalqualification(e.g., ICACertificate/Diploma, ACAMS orequivalent).

Knowledge, Experience and Skills

Proven financial crimeexpertise, preferably with a strong understanding of theLloyd’s market and framework; company marketexperienceadvantageous

Knowledge of financial crimeregulation,policiesand procedures, particularlyin regard toUK/EU/UN/OFAC Sanctions regimes, the UKProceeds of Crime ActSection 7,FCA SYSC Handbook 6.3, FCA Financial Crime Guide Parts 1 & 2,UK Bribery Act, UK Fraud Act, JMLSG Guidance,andSuspicious Activity Reporting.