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.
We are now recruiting a Financial Crime Compliance Officer within our Financial Crime Compliance Team for Tokio Marine Europe SA (‘TME’), based in Luxembourg. TME is a subsidiary of Tokio Marine HCC International (‘TMHCCI’) and was created in 2018 to strengthen, develop and expand our businesses in Europe. Today, TME operates across 10 European branches with $600M of premiums written and we continue to grow.
Whilst this role will be employed by TME, the remit of the role is TMHCCI. TMHCCI means HCC International Insurance Company plc (‘HCCII’), a UK entity, and TME, 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.
The Financial Crime Compliance Officer will contribute to enhancing the company’s compliance framework related to financial crime, including Anti-Money Laundering (AML), Counter-Terrorist Financing (CTF), Anti-Bribery and Corruption (ABC), International Sanctions, Fraud, as per the Financial Crime and Compliance program of the company. The role will support the development and implementation of policies and procedures, conduct risk assessments, and ensure that the company adheres to relevant financial crime laws and regulations in the UK and across the jurisdictions that TME operates in Europe (Ireland, BENELUX, France, Denmark, Germany, Spain and Italy).
Policy development and implementation:
- provide support to develop, implement and maintain comprehensive financial crime compliance policies, procedures and controls in line with local and international regulatory requirements and industry best practices.
Risk assessment:
- support the regular review and update of the risk assessment framework as well as conduct the annual risk assessments to identify, assess and mitigate financial crime risks within the company’s operations.
Training and awareness:
- contribute to the development and delivery of financial crime compliance training programs for employees at all levels, ensuring a high level of awareness and understanding of compliance obligations and company policies.
- ensure that all financial crime training modules remain current and effective.
- draft, where necessary, and circulate Compliance newsletters and bulletins on financial crime issues.
- promote a culture of compliance by raising awareness of compliance and regulatory matters and ensure adherence to applicable laws and regulations.
Reporting and escalation:
- provide input to compliance reports to senior management.
Horizon scanning:
- stay informed of regulatory developments, assist with impact assessments as necessary and ensure the company’s financial crime compliance framework is up to date.
Continuous improvement:
- identify opportunities for enhancing the effectiveness and efficiency of the financial crime compliance program.
TME AML obligations:
- provide support to the TME Head of Legal & Compliance, who is the AMLRO and Compliance Key Function Holder for TME, in the implementation of the AML Framework of TME and its branches, including engaging with internal and external audit on AML, providing TME advisory support (e.g. High-Risk customers’ approvals, administration of the AML tool) and FIU/Ministry of Finance disclosures.
Other:
- Support the HCCI and TME Financial Crime Compliance Teams on other matters where time allows, such as regulatory returns; regulatory relationships; business queries; compliance projects and other work of the Financial Crime Compliance team as per the HCCI and TME Compliance Plan.
- Financial Crime Compliance Officer with a minimum of 3 years working in the non-life or non-retail Insurance industry.
- Good knowledge of financial crime compliance regulations and related risk management practices and their application within the insurance industry in Europe, particularly EU Financial Crime Compliance regimes ; Luxembourg’s and France’s Anti-Money Laundering and Counter-Terrorism legislation and regulations, including CAA/ACPR escalations and reporting requirements ; European Anti-Money Laundering and Counter-Terrorism Directives.
- Experience in delivering good outcomes as per financial crime compliance programs, conducting risk assessment and delivering training.
- Able to demonstrate successful collaboration in a cross-matrix reporting structure to support European and non-European markets.
- Competent Excel, Word and SharePoint user.
- Good interpersonal skills with the ability to interact with stakeholders at all levels.
- Strong organizational skills, capable of working to deadlines, and ability to manage multiple tasks and projects effectively.
- Fluent in English and French (verbal and written).
- Good technical knowledge of the UK and US Financial Crime Compliance regulations and regimes.
- Experience on licensing rules and management.
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.
