Job Title: Head of Financial Crime
Location: Aldgate, 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:
To oversee and manage the financial crime compliance and licensing activities for Tokio Marine HCC International (‘TMHCCI’), ensuring that there is an effective compliance control framework in place to monitor, manage and mitigate the risks associated with financial crime and licensing such that TMHCCI can meet its legal and regulatory obligations. In this context, financial crime includes any matters relating to sanctions, money-laundering and terrorist financing, bribery and corruption, fraud, tax evasion and insider information and market abuse.
TMHCCI means HCC International Insurance Company plc (‘HCCII’), a UK entity, and its European subsidiary, Tokio Marine Europe S.A., a Luxembourg entity, including their respective regional and overseas branches, HCC Underwriting Agency Ltd (‘HCCUA’) and Houston Casualty Company – UK Branch (‘HCL’), both UK entities, as well as other parts of the group of companies known as TMHCCI.

Key Responsibilities:

• To act as the Money Laundering Reporting Officer (‘MLRO’), SMF17 role under the UK SM&CR, for the TMHCCI UK entities (HCCII, HCCUA and HCL), subject to FCA authorisation.
• To support the TME AMLRO activities, as per agreed Plan and priorities.
• In conjunction with the Boards, Executive Management Teams, and Senior Compliance management teams to regularly provide guidance, input, and recommendations to strategically control and oversee the management of TMHCCI’s financial crime risk appetite.
• To oversee the production and delivery of the financial crime, advisory, monitoring and licensing activities, as per established Plan and priorities.
• To establish and maintain an effective governance and compliance control framework for the oversight and management of financial crime and licensing risks across TMHCCI, including TME, adopting a compliant, best practice and, where possible, consistent approach.
• To mitigate the risks of TMHCCI’s exposure to financial crime by executing the second line of defence controls and monitoring the effectiveness of the first line of defence controls, through the use of appropriate compliance monitoring and key performance and risk indicators.
• To ensure the completion of the annual financial crime risk assessments at business unit level, including the timely implementation of any findings, to develop a view of TMHCCI’s financial crime-related risks and control effectiveness.
• To investigate and analyse any identified suspicious activity or sanctions breaches, with onwards reporting internally and externally to supervisory and / or regulatory authorities and / law enforcement agencies, as required.
• To monitor and analyse developing legal and regulatory changes and, where required, perform an impact assessment of those changes. Subsequently, to ensure the effective implementation of associated change so that TMHCCI can continue to meet its regulatory obligations. This includes communication of such changes internally and externally to our affected third parties, as required.
• To drive organisational change necessary to manage financial crime remediating actions, including those identified by internal and external auditors.
• To liaise with the Third Party Teams to ensure that the financial crime elements for the vetting of TMHCCI Third Parties remains fit for purpose, with updates communicated as required.
• To facilitate the production of Committee papers, including an MLRO Report for TMHCCI’s UK entities, and present these papers, where required, to ensure that Executive and Senior Management Teams are appropriately informed on financial crime related matters.
• To regularly review and enhance the reporting of performance metrics and suite of management information produced for the relevant Committees.
• To manage the completion of regulatory and Lloyd’s returns, as required, and support the same for TME related returns where required, and ensure that actions arising from market thematic reviews and best practices are embedded within TMHCCI.
• To drive the compliance culture by overseeing the production and delivery of guidance and training to the business / internal stakeholders at TMHCCI on compliance with legal and regulatory rules pertaining to financial crime and licensing, and ensuring the circulation of information to key stakeholders, as appropriate.
• To provide technical advice and guidance to Executive and Senior Management to support their regulatory and legal obligations.
• To contribute towards the ongoing development of a dynamic financial crime target operating model and recruit and lead a diverse Financial Crime Team, in line with TMHCCI’s values, fostering an environment that promotes talent and inclusivity to maintain the ongoing competence and high standards within the team.
• To build and maintain a strong and transparent relationship with all business units, internal stakeholders, as well as external supervisory and regulatory contacts on matters pertaining to financial crime.
• To build relationships across the financial crime industry both with fellow insurers and service providers regulatory authorities and Lloyd’s to understand trends, risks, issues, control failures across the industry.
• To complete ad hoc tasks as requested by the Senior Compliance Officer (UK), TME Head of Legal & Compliance or Head of International Compliance.

Skills and Experience Specification:

Essential:

• A minimum of 10 years’ experience working in a senior financial crime-related roles, with technical knowledge of financial crime and licensing matters.
• Proven and demonstrable success in developing financial crime compliance frameworks.
• Experience in advising on financial crime matters in a large, global and diverse organisation working across multiple product lines.
• Leadership and people management skills with the ability to manage a diverse team.
• Strong commercial skills – ability to plan, budget, strategize and collaborate with the business, ensuring a risk-based approach is applied.
• Attention to detail, excellent due diligence and investigative skills.
• Strong interpersonal skills with the ability to communicate effectively with individuals at all levels of the business in a confident, assertive and professional manner.
• Strong analytical, problem-solving and written / report-writing skills.
• Excellent organisation and time management skills.

Desirable:

• Experience in Insurance industry
• Experience performing an MLRO role.
• Experience of financial crime compliance within a Continental European regulatory environment.

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.
The Tokio Marine HCC Group of companies is an equal opportunity employer. Please visit
www.tmhcc.com
for more information about our companies.

LI-HF1 #LI-Hybri

• To act as the Money Laundering Reporting Officer (‘MLRO’), SMF17 role under the UK SM&CR, for the TMHCCI UK entities (HCCII, HCCUA and HCL), subject to FCA authorisation.
• To support the TME AMLRO activities, as per agreed Plan and priorities.
• In conjunction with the Boards, Executive Management Teams, and Senior Compliance management teams to regularly provide guidance, input, and recommendations to strategically control and oversee the management of TMHCCI’s financial crime risk appetite.
• To oversee the production and delivery of the financial crime, advisory, monitoring and licensing activities, as per established Plan and priorities.
• To establish and maintain an effective governance and compliance control framework for the oversight and management of financial crime and licensing risks across TMHCCI, including TME, adopting a compliant, best practice and, where possible, consistent approach.
• To mitigate the risks of TMHCCI’s exposure to financial crime by executing the second line of defence controls and monitoring the effectiveness of the first line of defence controls, through the use of appropriate compliance monitoring and key performance and risk indicators.
• To ensure the completion of the annual financial crime risk assessments at business unit level, including the timely implementation of any findings, to develop a view of TMHCCI’s financial crime-related risks and control effectiveness.
• To investigate and analyse any identified suspicious activity or sanctions breaches, with onwards reporting internally and externally to supervisory and / or regulatory authorities and / law enforcement agencies, as required.
• To monitor and analyse developing legal and regulatory changes and, where required, perform an impact assessment of those changes. Subsequently, to ensure the effective implementation of associated change so that TMHCCI can continue to meet its regulatory obligations. This includes communication of such changes internally and externally to our affected third parties, as required.
• To drive organisational change necessary to manage financial crime remediating actions, including those identified by internal and external auditors.
• To liaise with the Third Party Teams to ensure that the financial crime elements for the vetting of TMHCCI Third Parties remains fit for purpose, with updates communicated as required.
• To facilitate the production of Committee papers, including an MLRO Report for TMHCCI’s UK entities, and present these papers, where required, to ensure that Executive and Senior Management Teams are appropriately informed on financial crime related matters.
• To regularly review and enhance the reporting of performance metrics and suite of management information produced for the relevant Committees.
• To manage the completion of regulatory and Lloyd’s returns, as required, and support the same for TME related returns where required, and ensure that actions arising from market thematic reviews and best practices are embedded within TMHCCI.
• To drive the compliance culture by overseeing the production and delivery of guidance and training to the business / internal stakeholders at TMHCCI on compliance with legal and regulatory rules pertaining to financial crime and licensing, and ensuring the circulation of information to key stakeholders, as appropriate.
• To provide technical advice and guidance to Executive and Senior Management to support their regulatory and legal obligations.
• To contribute towards the ongoing development of a dynamic financial crime target operating model and recruit and lead a diverse Financial Crime Team, in line with TMHCCI’s values, fostering an environment that promotes talent and inclusivity to maintain the ongoing competence and high standards within the team.
• To build and maintain a strong and transparent relationship with all business units, internal stakeholders, as well as external supervisory and regulatory contacts on matters pertaining to financial crime.
• To build relationships across the financial crime industry both with fellow insurers and service providers regulatory authorities and Lloyd’s to understand trends, risks, issues, control failures across the industry.
• To complete ad hoc tasks as requested by the Senior Compliance Officer (UK), TME Head of Legal & Compliance or Head of International Compliance