Job Title: Senior Financial Crime Officer (Advisory & Investigations)

Location: City of London

Direct Reports: 3

Position Type: Permanent, 35 hours per week

Hybrid: 3 days in the office, 2 days working from home

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.

Job Purpose:

The Senior Financial Crime Officer (Advisory & Investigations) will be responsible for a critical element of TMHCC’s Financial Crime Framework – the oversight and management of an expert Financial Crime Advisory & Investigations team who support and advise the business and internal functions in matters relating to:

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 global licensing permissions.

Reporting to the Head of Financial Crime, this role will focus on managing all queries, referrals and escalations from the business, ensuring regulatory compliance with relevant financial crime and licensing laws and regulations, and the management and resolution, where possible, of any required investigations.

Key Responsibilities:

Develop and lead a team to deliver expert advice and guidance to the business (including Underwriting, Claims, and Finance teams), ensuring timely responses to referrals and business queries ensuring adherence with regulatory expectations.Promote a culture of compliance by raising awareness of financial crime and compliance considerations, ensuring adherence to applicable laws and regulations.Maintain and share current knowledge and expertise on relevant financial crime regulatory developments particularly in relation to UN, UK, EU and US sanctions, Fraud, and AML/ CTF.Lead the provision of advice to support regulatory compliance and adherence to TMHCCI financial crime framework and adherence to TMHCCI’s global licensing and authorisation permissions and applicable conditions.Own and manage the process for AML related verifications including ensuring the timely responses to all KYC requests from third parties.Own and manage the process for timely closure of financial crime screening alerts which have been escalated to 2LOD.Own and manage the annual, and as necessary ad hoc reviews, of financial crime related policies, procedures and contribute expert input into other documentation that comprises the Financial Crime Framework.Own and manage the Licensing & Financial Crime Schedule ensuring financial crime indicators and licensing permissions and conditions are up to date.Manage the review and approval of any Quality Assurance Review & Segregation of Duty (QARSOD) clashes and ensure the appropriate Compliance oversight is embedded so that this financial crime control is fully effective and operational.Investigate and resolve, where possible, all notified financial crime related incidents including (as applicable) all required reporting to Action Fraud, NCA, OFSI and FCA.Review and advise on all financial crime related or licensing exceptions or escalations that may arise across THMCCI.Provide input into regular reports to key stakeholders, including the relevant Committees, on the output of the monitoring and assurance activities as well as high risk business. Ad hoc reports to be produced as required.Own and manage all internal logs and records of advice, investigations, and issues to ensure an accurate audit trail. Manage, coach and develop team members including ensuring comprehensive understanding of TMHCCI’s licensing permissions and all financial crime pillars.Support the Financial Crime team where necessary on other matters falling within the overarching Financial Crime Framework, such as horizon scanning, initiatives to enhance key financial crime controls, review and updates to policies and procedures, financial crime risk assessments, screening, financial crime projects, training and communications, and other workstreams of the broader International Compliance team.

Skills and Experience Specification:

Essential:

Senior Financial Crime /Compliance Officer with 7+ years experience in the (re)insurance industry.Previous experience within a financial crime advisory and investigation function, spanning multiple business lines and jurisdictions.Demonstrable experience leading and managing a team
Strong knowledge and experience of the application of UK, EU, US and UN sanctions in the (re)insurance sector.Demonstrate a high level of analytical and problem-solving capability and the ability to resolve issues, applying a risk-based methodology, as necessary, in work methods and reporting.An instinct to be proactive, identifying improvements to the Department’s ways of working, reporting and communications. 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 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.

Desirable:

Demonstrable experience advising on licensing matters within the (re)insurance sector.Strong knowledge and experience in managing fraud investigations and implementing anti-fraud control frameworks.

What We Offer

 The 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 www.tmhcc.com for more information about our companies.

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