General
Job Title: Head of Financial Crime (MLRO/SMF17 for Beazley Furlonge Limited and BIdac UK)
General Management – Risk & Compliance
Reports To: Head of Operational Risk
Key Relationships
Head of Operational Risk, Group CRO, Head of ERM, Head of Insurance Risk, Entity CROs, Entity Heads of Compliance, Business Manager to the Group CRO, Controls & Compliance Assurance team, Head of Internal Audit, Chief People & Sustainability Officer, Group and Entity CUOs, other internal stakeholders as required including BFL Management Committee, BFL Board and Risk Committee members, BIdac UK branch Senior Managers, BISIL UK branch Senior Managers, European Branch Committee members, Group, UK, EU and US regulatory authorities, financial crime regulatory agencies, including OFAC, HMT, EU, external auditors and external counsel.
Job Summary
Responsible for oversight of the 2nd line financial crime team and maintaining an effective financial crime function and framework across the Group. As a leader within the 2nd Line, assist the Head of Operational Risk by delivering effective risk management strategies against financial crime risk that contribute to a robust control environment. PRA/FCA SMF17 MLRO for the following group entities: Beazley Furlonge Limited (BFL) and Beazley Insurance designated activity company (BIdac) UK branch and all associated companies.
Key Responsibilities
Management
- Line management of the financial crime team to include regular team meetings, 1:1s, action setting and tracking, performance assessment and associated responsibilities.
- Member of appropriate governance forums/committees as required.
- Management of any relevant external advisors as required.
Financial Crime
- Manage and maintain an effective Financial Crime function supporting and protecting the group against the six pillars of financial crime risk (Bribery & Corruption, Fraud, Market Abuse, Money Laundering, Sanctions Evasion and Tax Evasion) and related reputational risk ensuring that the needs of all stakeholders are met.