Compliance Officer

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Job Title:                     Compliance Officer

Division:                      Finance

Reports To:                 Compliance Manager, TBC

Key Relationships:      UK & RoW Head of Compliance, Global Head of Compliance, UK and US Compliance Staff, Underwriters, Finance, Internal Audit, Talent Management, Delegated Authorities team, Risk Management

Job Summary:            To provide regulatory compliance assistance and assurance supporting regulatory compliance across the company as it grows in size and complexity. Support UK & RoW compliance function as necessary

Key Responsibilities

  • Provide advice to the business on ad hoc regulatory issues.This may be written or verbal or through assisting the compliance team with training sessions and workshops.This involves being available and very responsive, able to carry out research quickly and effectively.

  • Review and investigate results from sanctions screening and escalate possible matches to the financial crime compliance manager and UK & RoW Head of Compliance.

  • Manage and monitor the due diligence process and the terms of business agreements with Lloyd’s and non-Lloyd’s brokers. Perform regular monitoring to ensure business is only placed with approved brokers.  Support the relevant compliance manager with management and oversight of broker onboarding outsourced provider.

  • Work with Compliance monitoring team to investigate results from the monthly exception reports on sanctions and the ECO.

  • Assist with the preparation of compliance papers to various committees.

  • Assist with ad-hoc compliance work and projects arising from time to time.

  • Support the compliance function in designing, writing and implementing frameworks, policies, procedures, processes and systems

  • Support compliance and regulatory projects, including implementation of legislation / regulation

  • Build and maintain a close working relationship with the business

  • Provide excellent customer service to the internal business and support teams so that all teams go to Compliance for support in ensuring they carry out their roles in a compliant fashion

  • Liaison with underwriting on compliance issues pertaining to underwriter decisions.

  • Supporting the relevant compliance manager to work with the coverholder management team to ensure best practices around delegated underwriting controls.

  • Support the business generally through finding ways to get objectives achieved, and achieved effectively.

  • Co-ordinate and attend regulatory review meetings as required.

  • Support the relevant compliance managers with approved persons work.

  • Support the relevant compliance managers with advice to the business on licensing and permissions.

  • Support the relevant compliance managers with regulatory liaison and information requests.

  • Support the relevant compliance managers with oversight of and liaison with specific offices and territories and service companies operating in those territories.

  • Support the compliance management team on any specific areas as required.


At Beazley we are committed to doing the right thing because it is the right thing to do.  It is important that within all your interactions both internally and externally you adhere to this principle through adoption of Beazley’s core values and behaviours – PIED and Being Beazley.  

  • Adopt the Beazley culture of Professionalism, Integrity, Effectiveness and Dynamic that contributes to an internal environment of teamwork and promote a positive brand image and experience to our external customers.

  • 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 Talent Management development 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 Talent Management 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

  • Educated to degree level or equivalent

Skills and Abilities

  • Ability to work at both detailed and summary level.

  • Ability to manage time, meet deadlines and prioritise

  • Able to communicate effectively with others

  • Analytical

  • Good understanding of organisational processes

  • Team player as well as the ability to use own initiative

  • Ability to work in a pressurised, deadline-bound environment

Knowledge and Experience

  • Compliance/regulatory/legal experience in insurance underwriting/insurance broking or financial services preferable.

Aptitude and Disposition

  • Attention to detail

  • Information seeking

  • Outcome focussed

  • Self motivated

  • Professional approach to successfully interact with colleagues and external suppliers


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