Head of Financial Crime

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.

• You must act with integrity;
• You must act with due care, skill and 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 must observe proper standards of market conduct.
  
  

Senior Manager Conduct Rules (SMF17)

• You must take reasonable steps to ensure that the business of the firm for which you are responsible is controlled effectively;
• You must take reasonable steps to ensure that the business of the firm for which you are responsible complies with the relevant requirements and standards of the regulatory system;
• You must take reasonable steps to ensure that any delegation of your responsibilities is to an appropriate person and that you oversee the discharge of the delegated responsibility effectively;
• You must disclose appropriately any information of which the FCA or PRA would reasonably expect notice; and
• A breach of these rules constitutes a regulatory breach and will be reportable to the regulator. It will also have to be disclosed on a reference to any future employers for at least 6 years following the breach
  
  

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 as they contribute 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 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 People & Sustainability or assurance teams (compliance, risk, internal audit) either directly, via e-learning or the learning management system