Compliance Officer

at  Tokio Marine HCC

London, England, United Kingdom -

Start DateExpiry DateSalaryPosted OnExperienceSkillsTelecommuteSponsor Visa
Immediate19 Jan, 2025Not Specified20 Oct, 20244 year(s) or aboveGood communication skillsNoNo
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Description:

Role: Compliance Officer
Location: London
Position Type: 6 month FTC, 35 hours per week
Hybrid: 3 days in the office and 2 days working from home
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 role is to support the Financial Crime and Advisory Team. The postholder will provide subject matter expertise and advice on financial crime; sanctions and licensing matters as well as support enhancements to the financial crime framework, as necessary.

Key Responsibilities:

  • To provide advice on queries from the business relating to licensing and financial crime (Sanctions, AML, ABC, Conflicts of Interest, Gifts & Entertainment, Fraud, POCA, Market Abuse).
  • To support underwriters by reviewing and performing the necessary Enhanced Due Diligence checks, where required.
  • To develop and implement a scoresheet and guidance document to assist executive management with approving customers and / or transactions deemed to be ‘high-risk’.
  • To provide input to all Know Your Customer (KYC) requests from third parties and produce a standard compliance KYC response document.
  • To manage the review of the daily sanctions alerts via the various screening systems.
  • Where required, to assist in the completion of the annual risk assessment of every key area’s exposure to and control over financial crime, evaluating their controls and their understanding of the company-wide controls in place, ensuring the follow-up of any recommendations.
  • To review the financial crime e-learning training modules and provide training to staff, including the delivery of face-to-face training, as required.
  • To support and produce financial crime and / or advisory Compliance Hot Topics for review and issuance.
  • To support the Compliance Department as required and perform tasks requested by the Senior Compliance Officer(s), such as horizon scanning; regulatory returns; compliance projects etc.
  • To promote a culture of compliance by raising awareness of compliance and regulatory matters and ensure adherence to applicable laws and regulations.

Skills and Experience Specification:

Essential

  • Strong knowledge and experience of the application of UK, EU, USA and UN sanctions in the (re)insurance sector as well as international licensing requirements.
  • Demonstrate a high level of problem solving and the application of a risk-based methodology to resolve issues.
  • An instinct to be proactive, identifying improvements to the Department’s ways of working, reporting and communications.
  • Strong analytical skills.
  • Ability to manage own workload, prioritising tasks appropriately and ensuring that agreed delivery dates are achieved.
  • Excellent interpersonal skills, able to communicate effectively with a wide range of people face to face and over the telephone, Teams etc.
  • Good written communication skills so can respond to correspondence in a professional manner both internally and externally.
  • A minimum of four years’ experience in providing financial crime advice to the business in a compliance role.
  • Experience in using a minimum of one Sanctions Screening Tools (AST)
  • Worked as part of a team and has the willingness to help others

Desirable:

  • Having used and cleared daily sanctions screening alerts.
  • Recognised financial crime qualifications.

“Tokio Marine HCC is a leading specialty insurance group with offices in the United States, the United Kingdom, Europe, and other locations. With the strength and stability that comes from being a member of the Tokio Marine group, and more than forty years of growth, profitability, and stability, we offer important insurance products that most people do not even know exist.
The Tokio Marine HCC Group of companies is an equal opportunity employer. Please visit
www.tmhcc.com
for more information about our companies

Responsibilities:

  • To provide advice on queries from the business relating to licensing and financial crime (Sanctions, AML, ABC, Conflicts of Interest, Gifts & Entertainment, Fraud, POCA, Market Abuse).
  • To support underwriters by reviewing and performing the necessary Enhanced Due Diligence checks, where required.
  • To develop and implement a scoresheet and guidance document to assist executive management with approving customers and / or transactions deemed to be ‘high-risk’.
  • To provide input to all Know Your Customer (KYC) requests from third parties and produce a standard compliance KYC response document.
  • To manage the review of the daily sanctions alerts via the various screening systems.
  • Where required, to assist in the completion of the annual risk assessment of every key area’s exposure to and control over financial crime, evaluating their controls and their understanding of the company-wide controls in place, ensuring the follow-up of any recommendations.
  • To review the financial crime e-learning training modules and provide training to staff, including the delivery of face-to-face training, as required.
  • To support and produce financial crime and / or advisory Compliance Hot Topics for review and issuance.
  • To support the Compliance Department as required and perform tasks requested by the Senior Compliance Officer(s), such as horizon scanning; regulatory returns; compliance projects etc.
  • To promote a culture of compliance by raising awareness of compliance and regulatory matters and ensure adherence to applicable laws and regulations


REQUIREMENT SUMMARY

Min:4.0Max:9.0 year(s)

Financial Services

Accounts / Finance / Tax / CS / Audit

Finance

Graduate

Proficient

1

London, United Kingdom