Compliance Officer: International in München bei Beazley

Job description and person specification

Exciting opportunity to join Beazley’s Compliance division. We are looking for a Compliance Officer: International to be based out of our Munich office.

Who We Are

Beazley is a specialist insurance company with over 30 years’ experience helping people, communities and businesses to manage risk all around the world. Our mission is to provide beautifully designed insurance, innovating to give our clients the maximum benefit with minimum hassle.

Our products are wide ranging, from cyber & tech insurance to marine, healthcare, financial institutions and contingency; covering risks such as the weather, film production or protection from deadly weapons.

Our Culture

We employ over 1,500 people globally, hosting a wonderful diversity of cultures, experiences and backgrounds. We are proud of our family-feel culture at Beazley that empowers our staff to work from when and where they want, in an adult environment that’s big on collaboration, diversity of thought & personal accountability.

Our three core values inspire the way we work and how we treat our people & customers – 1) Be bold 2) Strive for better 3) Do the right thing. Upholding these values every day has enabled us to become an innovative and responsive organisation in touch with the changing world around us – our ambitious L&D & Sustainability targets are testament to this.

We encourage internal career progression at Beazley, giving you all the tools you need to drive your own career here, such as iLearn (our own learning & development platform), LinkedIn Learning, our mentorship program and external qualification sponsorship. As a Beazley employee, you also get access to our fantastic array of benefits which include commuting reimbursement, free in-office lunch, six months parental leave and a lifestyle allowance, amongst many others.

Job Title: Compliance Officer: International

Reports To: Head of International Compliance & Senior Compliance Officer: International

Key Relationships: Head of Cross-Border, Senior Compliance Officers – International, Global Compliance advisory team, Compliance Manager; BIDAC, Senior Compliance Officer BIDAC, 2nd Line Assurance, Underwriters, Finance, Financial Crime team, Internal Audit, Culture and People, Risk Management, local regulatory authorities, outside legal counsel, Corporate Development and other internal stakeholders

Job Summary: Provide compliance/ regulatory advice and assurance on cross-border (international) insurance transactions, focussing on underwriting and claims everywhere Beazley transacts insurance. As a Compliance Officer in the International & Cross-border team you are expected to work on compliance matters that impact the group from a strategic and regulatory standpoint. You will be expected to develop your understanding of international compliance with emphasis on the German market and Europe specifically France/Spain and provide sufficient oversight in your assigned area/ key markets.

Your role will focus on ensuring compliance elements of the German branches of Beazley are being fulfilled from a regulatory standpoint. Working on licensing and the effectiveness of the implementation of the advice provided; this will be led by senior compliance officers within the international compliance team. As a Compliance Officer this role will also provide support and work with senior compliance officers in the team and business partnering of trading teams such as the cyber team.

Key Responsibilities:

Individual

Responsibilities will include, but are not limited to:

Regulatory and Compliance

• Perform horizon scanning through the use of Beazley tools and external providers and actively looking into changes in regulation that will impact Beazley.
• To provide effective compliance advice on regulatory concerns with emphasis on licensing and regulated activity.
• Keeping abreast of related key regulatory and legislative changes which may impact on Beazley’s businesses.
• Provide support on audit and assurance reviews.
• Research on upcoming topics that impact financial services and the German market
• Work with and assist senior compliance officers in their areas of expertise, where applicable.
• Act as a contact for cross-border matters and assist in the business partnering of the property underwriting and wordings teams.
• Assist the Senior Compliance Officer on Cross-border projects and reviews.
• Work with the branch manager for Germany and act as the key compliance contact with regulatory concerns that may arise.
• Aid in the creation of international compliance protocols and resource pages and contribute to the annual international compliance pl