Financial Crime Officer

Job Title: Financial Crime Officer 

Reporting to: Senior Financial Crime Officer

Direct Reports: None

Position Type: Permanent

Overview:

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.
 

This newly created role presents a unique opportunity to make an impact in an expanding Financial Crime team.
 

The Financial Crime Officer (Governance & Training) will be responsible for delivering a range of activities to support the ongoing enhancement of TMHCCI’s Financial Crime Framework, including ensuring that both senior leadership and the business have visibility and awareness across:

• All pillars of financial crime (Sanctions, Anti-Money Laundering (AML)/ Counter-Terrorist Financing (CTF), Anti-Bribery and Corruption (ABC), Fraud, Market Abuse and Anti-Tax Evasion Facilitation) and,

• TMHCCI’s Licensing compliance, as necessary.
   

Reporting to the Senior Financial Crime Officer (Governance & Training), this role will focus on maintaining, enhancing and implementing financial crime policies and procedures, supporting financial crime risk assessments, and ensuring that company controls support adherence to all relevant laws and regulations applicable to THMCCI (UK and International) and across the jurisdictions that Tokio Marine Europe S.A. (TME) operates in Europe.

Key Responsibilities:

• Promote a culture of compliance by raising awareness of financial crime and compliance considerations, ensuring adherence to applicable laws and regulations.

• Support the ongoing delivery of a robust Financial Crime and, as necessary, Licensing Governance control framework including identifying and implementing enhancements as necessary.

• Develop and maintain current knowledge on relevant financial crime regulatory developments particularly in relation to UN, UK, EU and US sanctions, Fraud, and AML/ CTF.

• Support the annual risk assessment exercise, ensuring the mapping of each division’s exposure to and control over financial crime, evaluation of controls, forming recommendations, and the follow-up of any remediation activities.

• Support the annual, and as necessary ad hoc reviews, of financial crime related policies, procedures and contribute input into other documentation that comprises the Financial Crime Framework.

• Review and maintenance of the High-Risk Business Approval List.

• Support the delivery of key financial crime related MI and Committee reports, ensuring senior management visibility of key risks and the appropriate escalation and resolution of financial crime and regulatory matters.

• Manage the delivery of key financial crime controls including the quarterly Segregation of Duty reviews and Gifts & Entertainment registers.

• Perform impact assessments on financial crime regulatory changes, as necessary.

• Support the delivery of communications to the business to ensure awareness of contemporary financial crime and licensing issues, trends or risks.

• Support the delivery of annual and bespoke training, ensuring modules remain current and provide specialist training to staff as required.

• Support the Financial Crime team, primarily the Governance & Training team, on other matters falling within the overarching Financial Crime Framework including financial crime projects, advisory and investigations, training and communications, and other workstreams of the broader International Compliance team.

Skills and Experience Specification:
 

Essential:

• Financial Crime /Compliance Officer with 4+ years experience in the (re)insurance industry.

• Previous experience within a financial crime function (with experience in risk assessments highly regarded).

• Understanding of UK, EU, US and UN sanctions in the (re)insurance sector.

• Experience working on licensing matters within the (re)insurance sector, highly regarded

• Demonstrate a high level of analytical and problem-solving capability and the ability to convey complex messages in a clear manner.

• Demonstrate a risk-based methodology in work methods and reporting.

• Ability to prioritise and manage own workload, ensuring tasks are completed within delivery dates.

• Excellent interpersonal skills with the ability to communicate effectively and build relationships with a wide range of people.

• Excellent written communication skills to allow the job holder to deliver clear and fit-for-purpose documents including procedures and guidance.