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- Tasks: Lead the redesign of supplier risk management and ensure regulatory compliance.
- Company: Join Tokio Marine HCC, a leading global specialty insurer.
- Benefits: Competitive salary, dynamic work environment, and growth opportunities.
- Other info: Collaborative culture with a focus on continuous improvement and innovation.
- Why this job: Make a real impact in risk management within a rapidly growing company.
- Qualifications: Experience in supplier risk management and strong understanding of financial regulations.
The predicted salary is between 60000 - 80000 £ per year.
Reporting to: Procurement Excellence Manager
Position Type: Permanent
Why Tokio Marine HCC?
Standing still is not an option in the current world of Insurance. TMHCC is 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, along with a desire to grow and provide creative and innovative solutions to our clients.
About Operations
Operations sits at the heart of TMHCC, we ensure the smooth running of all business processes – from policy administration and claims handling to data, technology, and delivery. We focus on driving efficiency which enables our teams across the business to deliver exceptional results every day. Our value statement: Ops makes it happen.
Operations is made up of 7 functions, this role sits within: Procurement and Workplace Management. From identifying the scope of the goods and services required to deliver business outcomes, to negotiating pricing and managing the full lifecycle of contracts and suppliers. Procurement focuses on delivering Value For Money for the organisation. We leverage market intelligence and navigate the regulatory landscape to achieve commercial outcomes and reduce risk and complexity.
Job Purpose:
The Supplier Risk Manager will lead the redesign and enhancement of TMHCC’s Supplier Risk Operating Model, ensuring alignment with evolving regulatory expectations, and best practice across the Financial Services sector. The role will act as a subject matter expert and delivery lead for supplier risk governance, assurance, and regulatory compliance, including DORA, Operational Resilience, and European regulatory engagement, while supporting key regulatory change initiatives (e.g. DyGIST, SS5/25).
Key Responsibilities:
- Supplier Risk Operating Model Redesign
- Lead the review, redesign, and enhancement of the Supplier Risk Operating Model, including: Policies and standards, End-to-end processes, Organisational structure and governance, Supplier risk segmentation and tiering, RACI models across the first and second lines.
- Assess current state maturity, identify gaps, and provide clear, prioritised recommendations aligned to regulatory expectations and industry best practice.
- Review existing artefacts (policies, frameworks, templates, methodologies) and propose improvements or rationalisation.
- Regulatory Compliance & Operational Resilience (BAU & Change)
- Lead BAU supplier risk regulatory compliance activities, ensuring continued adherence to UK and EU regulatory requirements.
- Lead the DORA Supplier Risk workstream, including: Identification and classification of ICT third-party providers, Contractual, oversight, and assurance requirements, Coordination of evidence and regulatory readiness activities.
- European & External Engagement
- Act as the primary point of contact for European counterparties on supplier risk matters.
- Support coordination and alignment across UK and European regulatory expectations.
- Participate in working groups, and regulatory discussions
- Lead the DyGIST procurement and supplier workstream, ensuring supplier risk considerations are appropriately embedded.
- Lead SS5/25 procurement and supplier related workstream.
- Provide input into the development and enhancement of sourcing-related artefacts (e.g. Sourcing Policy, Supplier Code of Conduct) in collaboration with Procurement and policy owners, ensuring clear ownership and avoiding duplication of accountability.
- Stakeholder Collaboration & Advisory
- Collaborate with internal stakeholders (Risk, Legal, Compliance, Data Protection, IT, Security, Operational Resilience and Business Owners) to ensure a joined-up approach to supplier risk management.
- Provide expert challenge and guidance on high-risk suppliers, material outsourcing arrangements, and concentration risk.
- Support senior management and governance forums with analysis, insights, and recommendations.
- Continuous Improvement & Crisis Support
- Identify industry trends, emerging risks, and regulatory developments impacting supplier and third-party risk.
- Recommend enhancements to TMHCC’s supplier risk framework and controls.
- Provide crisis management support during supply chain disruptions, material incidents, or high-risk supplier events.
Performance Objectives:
- Delivery of BAU supplier risk activities and regulatory reporting.
- End-to-end process, policy and framework review.
Skills and Experience Specification:
Essential:
- Significant, demonstrable experience in Supplier / Third-Party Risk Management within Financial Services.
- Proven expertise in Supplier Assurance, Due Diligence, and Audit processes.
- Deep knowledge of key supplier risk domains, including: Concentration Risk, Information Security & Cyber Risk, Business Continuity Management (BCM), Operational Resilience & Exit Planning, Data Privacy (e.g. GDPR), Financial Crime (FinCrime), Modern Slavery Act compliance, Sustainability.
- Strong understanding of relevant regulatory and legal frameworks, including: SS1/21, SS2/21, DORA, EBA Outsourcing Guidelines, Critical Third Parties (CTPs), SYSC 8, SS5/25, DyGIST, CP17/24, OCIR / Operational Resilience policy landscape.
- Familiarity with TPRM systems, (ideally any experience of FSQS and Agiloft) tooling, and supplier risk data management.
- Strong understanding of the Financial Services risk agenda.
Desirable:
- Ability to simplify complex regulatory and risk concepts into clear, actionable outputs.
- Demonstrable experience in business process design and continuous improvement.
- Strong project and programme delivery experience in complex regulatory environments.
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.
Supplier Risk Manager in London employer: HCC Service Co. UK Branch
Contact Detail:
HCC Service Co. UK Branch Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Supplier Risk Manager in London
✨Tip Number 1
Network like a pro! Reach out to people in the industry, attend events, and connect on LinkedIn. You never know who might have the inside scoop on job openings or can put in a good word for you.
✨Tip Number 2
Prepare for interviews by researching the company and its values. Understand their approach to supplier risk management and think about how your skills align with their needs. This will help you stand out as a candidate who truly gets them.
✨Tip Number 3
Practice your pitch! Be ready to explain your experience in supplier risk management clearly and confidently. Highlight specific examples of how you've tackled challenges in the past, especially in regulatory environments.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen. Plus, we love seeing candidates who are proactive about their job search.
We think you need these skills to ace Supplier Risk Manager in London
Some tips for your application 🫡
Tailor Your Application: Make sure to customise your CV and cover letter for the Supplier Risk Manager role. Highlight your experience in Supplier Risk Management and how it aligns with TMHCC's values and requirements. We want to see how you can bring your unique skills to our team!
Showcase Relevant Experience: When detailing your past roles, focus on your achievements in supplier assurance, due diligence, and regulatory compliance. Use specific examples that demonstrate your expertise in managing supplier risks, as this will really catch our eye!
Be Clear and Concise: Keep your application straightforward and to the point. Avoid jargon and ensure your key points stand out. We appreciate clarity, so make it easy for us to see why you're the perfect fit for the role!
Apply Through Our Website: We encourage you to submit your application directly through our website. This way, you’ll ensure it reaches the right people and you’ll have access to all the latest updates about the role. Plus, it’s super easy!
How to prepare for a job interview at HCC Service Co. UK Branch
✨Know Your Stuff
Make sure you brush up on supplier risk management concepts, especially in the context of financial services. Familiarise yourself with key regulations like DORA and SS5/25, as well as TMHCC's specific needs. This will show that you're not just interested in the role but also understand the industry's complexities.
✨Showcase Your Experience
Prepare to discuss your previous experience in supplier risk management. Have specific examples ready that highlight your expertise in supplier assurance, due diligence, and how you've navigated regulatory frameworks. This will help demonstrate your capability to lead the redesign of TMHCC’s Supplier Risk Operating Model.
✨Engage with Stakeholders
Since collaboration is key in this role, think about how you've worked with various stakeholders in the past. Be ready to share examples of how you've provided guidance on high-risk suppliers or collaborated with teams like IT and Compliance. This will illustrate your ability to foster a joined-up approach to supplier risk management.
✨Continuous Improvement Mindset
TMHCC values innovation and improvement, so come prepared with ideas on how to enhance supplier risk frameworks. Discuss any trends or emerging risks you've identified in your previous roles and how you addressed them. This shows that you're proactive and committed to driving efficiency and effectiveness in supplier risk management.