Head of UK Compliance & Regulatory Affairs

Job Description & Person Specification

BFL’s Head of UK Compliance & Regulatory Affairs (SMF16) is responsible for ensuring BFL maintains a Compliance function that is fit for purpose, developing practices, processes, systems and controls within a framework that enables adherence to all applicable laws and regulations by BFL staff and Group shared services teams supporting BFL’s business. The role holder is responsible under SM&CR for the maintenance of MRMs and training and reporting related to the individual conduct rules. Day-to-day, the role holder will oversee the Regulatory Affairs & 2nd Line Conduct and Advisory teams, ensuring they are resourced to discharge their responsibilities and provide accurate regulatory advice to enable safe commercial decisions and solutions. The role is a primary SMF interface with the FCA and any BFL Conduct matters requiring regulatory liaison and is subject to the FCA Conduct Rules. The role also supports the BFL CRO and will attend relevant group committees and boards as required.

Key relationships include the Group CRO, Group Head of Compliance, UK Compliance teams, and external regulators. This role is part of the Beazley Furlonge Ltd (BFL) governance framework and interacts with Group Risk, 2nd Line Assurance, and Lloyd’s relationships as described in the original scope.

• Prescribed Responsibilities: Responsible for compliance with the regulatory system regarding management responsibilities (b1) and for training and reporting on individual conduct rules (shared) (c).
• Compliance Framework: Ensure BFL has a fit-for-purpose framework compliant with PRA, FCA, Lloyd’s of London and other applicable regimes; oversee annual reviews of policies, protocols and frameworks.
• Horizon Scanning: Oversee horizon scanning for BFL and overseas businesses to inform management of regulatory changes and mandatory requirements.
• Compliance Monitoring & Testing (CMT): Coordinate with 2nd Line Assurance to ensure the annual assurance plan covers BFL needs.
• Training & Advisory: Develop an annual training plan and provide high-quality advisory compliance support to enable regulatory compliance and good customer outcomes.
• Regulatory Engagement: Develop engagement strategies for PRA/FCA and Lloyd’s oversight; manage day-to-day regulatory interactions and reporting; supervise regulatory returns and filings; prepare executives for regulatory interactions.
• Governance & Reporting: Produce high-quality reporting to committees and Boards; attend as required; oversee external regulatory registers and the maintenance of regulatory records.
• Risk & Control: Contribute to the assessment of the Regulatory Compliance KRI against appetite and maintain compliance controls for BFL.
• People & Leadership: Lead and develop the UK Compliance team; collaborate with CoEs (Data Protection, Financial Crime, Legal Risk) and drive automation where appropriate.
• General Compliance Duties: Ensure adherence to Beazley policies, Conduct rules, and regulatory obligations; support Beazley’s consumer duty expectations.

• Senior SMF16 experience with an insurer; experience with a Lloyd’s Managing Agent; extensive governance and reporting experience; regulatory relations experience in insurance; Solvency II / Solvency UK knowledge; strong property & casualty insurance understanding is preferred.
• Highly organised with excellent prioritisation; clear written and verbal communication; strong stakeholder management; ability to influence internal and external parties; solid people management and attention to detail; solution-oriented with commercial sense.

• Calm under pressure; self-motivated; high integrity; works well under deadlines; diplomatic, approachable, and team-oriented; flexible and adaptive to change.

• Adhere to Beazley’s core values: Being Bold, Striving for Better, Doing the Right Thing; comply with procedures, policies, and regulatory requirements; engage in Beazley training and uphold customer-focused service.

Not Applicable

Full-time

Legal

Insurance

Note: This description is a refinement of the provided material and retains the core responsibilities and requirements related to the Head of UK Compliance & Regulatory Affairs role.