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SalaryJob Title: Regulatory Intern
Division: Compliance
Reports To: As per Beazley's organisation chart
Key Relationships: Global compliance team and any other functions, business units, state insurance department personnel as may be required
Job Summary: Provides legal and regulatory support to Compliance
Key Responsibilities
- Research and analyse laws, regulations and sub-regulatory materials and communicate findings orally and in writing
- Research, analyze and help draft responses to state questions
- Engage in legal and regulatory research projects and coordinate internal compliance resources and any other functions for the execution of projects and other assignments as determined by the manager
- Assist in developing and implementing various measures necessary for compliance throughout the organization, including drafting bulletins
- Assist in responding to insured and regulator complaints
- Help build compliance databases, resources, FAQs and other tools
General
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 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, 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
- Juris Doctor candidate with a focus on insurance
Skills and Abilities
- Excellent oral and written communication skills
- Strong legal research skills, with a focus on insurance regulatory research
- Ability to determine, understand and analyze legal/regulatory requirements and their impact on insurance contracts and business practices and plans, develop solutions
- Attention to detail, strong organizational skills and ability to work on multiple tasks
- Ability to interact and work collaboratively and constructively with various people at various levels within and outside the organization
- Ability to appreciate the importance of, track, and meet deadlines
- Professional, responsible and responsive approach to role and functions
- Computer skills - good working knowledge of MS Office
Knowledge and Experience
- Experience with property and casualty insurance
- Knowledgeable with Westlaw and Microsoft Office applications
- Excellent verbal and written communication skills
- Understanding of the need for accurate and timely management information
Aptitude and Disposition
- Task focused
- Positive
- Enthusiastic
- Self-motivated
Competencies
- Team working
- Detail oriented
- Effective communicator
