Senior Financial Crime Officer - Monitoring and Assurance

Tokio Marine

  • Bridgend
  • Permanent
  • Full-time
  • 1 month ago
Job Title: Senior Financial Crime Officer (Monitoring & Assurance)Location: City of LondonDirect Reports: 3Position Type: Permanent, 35 hours per weekHybrid: 3 days in the office, 2 days working from homeOverview:Why Tokio Marine HCC?Standing still is not an option in the current world of Insurance. TMHCC are one of the world’s leading Specialty Insurers. With deep expertise in our chosen lines of business, our unparalleled track record and a solid balance sheet, TMHCC evaluates and manages risk like no one else in the industry. Looking beyond profit, empowering our people and delivering on our commitments are at the core of our customer values, and so is a desire to grow and provide creative and innovative solutions to our clients.Job Purpose:The Senior Financial Crime Officer (Monitoring & Assurance) will be responsible for a critical element of TMHCC’s Financial Crime Framework – the delivery and maintenance of a robust and effective Financial Crime Monitoring & Assurance Framework covering:
  • All pillars of financial crime (Sanctions, Anti-Money Laundering (AML)/ Counter-Terrorist Financing (CTF), Anti-Bribery and Corruption (ABC), Fraud, Insider Information & Market Abuse and Anti-Tax Evasion Facilitation) and,
  • TMHCCI’s licensing and authorisations compliance.
Reporting to the Head of Financial Crime, this role will focus on the efficacy of TMHCCI’s financial crime framework. The aim is to mitigate its financial crime risk by reviewing and analysing the design and effectiveness of the control framework and assessing the performance of the business in adhering to the designed control framework. This will be done through monitoring and assurance activities to ensure TMHCCI continues to comply with its regulatory requirements and internal policies and procedures.Key Responsibilities:
  • Develop and lead a team to deliver the TMHCCI Financial Crime Monitoring & Assurance Framework, including identifying and implementing enhancements, as necessary.
  • Promote a culture of compliance by raising awareness of financial crime and compliance trends identified via monitoring, ensuring adherence to applicable laws and regulations and internal policies and procedures.
  • Ensure the accurate and timely completion of all monitoring and assurance activities, including peer reviews, across all necessary TMHCCI entities.
  • Production and issuance of Monitoring Reports to senior management, various Committees, including the Financial Crime Controls Committee (FCCC), and other forums or stakeholders, as requested.
  • Continuously improve the efficacy of monitoring activities including using data analytics to enhance management information and risk insights.
  • Maintenance of the annual Compliance Monitoring Plan and Compliance Monitoring & Assurance Procedures for the financial crime activities.
  • Provide advice and expertise to colleagues, including underwriting, claims, and finance on all financial crime and licensing matters (including ensuring ongoing accuracy of internal guidance), where relevant to the monitoring and assurance activities.
  • Manage, coach and develop team members including ensuring comprehensive understanding of TMHCCI’s licensing authorisations and permissions and the financial crime pillars.
  • Support the Financial Crime Team on other matters falling within the overarching Financial Crime Framework, such as initiatives to enhance key financial crime controls, review and updates to policies and procedures, screening, business queries, financial crime projects and other workstreams of the broader International Compliance Department, as necessary.
  • Participate in all departmental activities (training, controls, maintenance and reporting) as required.
Skills and Experience Specification:Essential:
  • Senior Financial Crime /Compliance Officer with 6+ years’ experience in the (re)insurance industry.
  • Experience managing one direct report.
  • Proven experience in compliance monitoring and assurance function, ideally spanning multiple business lines and jurisdictions.
  • Demonstrate a high level of analytical and problem-solving capability and the ability to resolve issues.
  • An instinct to be proactive, identifying improvements to the Department’s ways of working, reporting and communications.
  • Demonstrate a risk-based methodology in work methods and reporting.
  • Ability to manage own workload and that of direct reports, prioritising tasks appropriately and ensuring that agreed delivery dates are achieved.
  • Excellent interpersonal skills with the ability to communicate effectively with a wide range of people and manage the expectations of all key stakeholders.
  • Good written communication skills to allow the job holder to deliver clear and fit-for-purpose documents including procedures and guidance.
Desirable:
  • Technical skills: proficiency in Excel, data analytics and sanctions screening products.
  • Understanding of the application of UK, EU, US and UN sanctions in the (re)insurance sector.
  • Experience leading and managing a team of more than one person.
  • Degree-level qualified.
What We OfferThe Tokio Marine HCC Group of Companies offers a competitive salary and employee benefit package. We are a successful, dynamic organization experiencing rapid growth and are seeking energetic and confident individuals to join our team of professionals.The Tokio Marine HCC Group of companies is an equal opportunity employer. Please visit for more information about our companies.#LI-BU1 #LI-Hybrid

Tokio Marine