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- Tasks: Lead supplier risk management and ensure compliance with evolving regulations.
- Company: Join Tokio Marine HCC, a leading global specialty insurer.
- Benefits: Competitive salary, dynamic work environment, and growth opportunities.
- Why this job: Make a real impact in the insurance industry while enhancing supplier risk frameworks.
- Qualifications: Experience in supplier risk management and strong understanding of regulatory frameworks.
- Other info: Collaborative culture with a focus on continuous improvement and innovation.
The predicted salary is between 60000 - 80000 £ per year.
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
- 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
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.
Essential Skills and Experience Specification:
- 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
- SS1/21, SS2/21
- DORA
- EBA Outsourcing Guidelines
- Critical Third Parties (CTPs)
- SYSC 8
- SS5/25
- DyGIST
- CP17/24
- OCIR / Operational Resilience policy landscape
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.
Supplier Risk Manager in London employer: Tokio Marine HCC International
Contact Detail:
Tokio Marine HCC International 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 culture. Understand their values and how they align with your own. This will help you tailor your responses and show that you're genuinely interested in being part of their team.
✨Tip Number 3
Practice makes perfect! Conduct mock interviews with friends or use online resources to refine your answers. Focus on articulating your experience in supplier risk management and how it relates to the role at TMHCC.
✨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 take the initiative to engage directly with us.
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.
Showcase Relevant Experience: When detailing your work history, focus on your expertise in regulatory compliance and supplier assurance. Use specific examples that demonstrate your ability to manage risks effectively in a financial services context.
Be Clear and Concise: Keep your application straightforward and to the point. Avoid jargon and ensure your key skills and experiences are easy to spot. We want to see your strengths shine through without wading through unnecessary fluff!
Apply Through Our Website: We encourage you to submit your application directly through our website. This way, you can ensure your application reaches us quickly and efficiently, and you’ll be one step closer to joining our dynamic team!
How to prepare for a job interview at Tokio Marine HCC International
✨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 approach to supplier risk governance. This will show that you're not just interested in the role but also understand the industry's nuances.
✨Showcase Your Experience
Prepare specific examples from your past roles that demonstrate your expertise in supplier assurance, due diligence, and audit processes. Highlight any experience you have with TPRM systems or regulatory compliance, as this will resonate well with the interviewers.
✨Engage with Stakeholders
Since collaboration is key in this role, think about how you've worked with different teams in the past. Be ready to discuss how you’ve navigated complex stakeholder relationships and provided guidance on high-risk suppliers. This will illustrate your ability to work cross-functionally.
✨Ask Insightful Questions
Prepare thoughtful questions about TMHCC's current supplier risk challenges or their approach to regulatory changes. This not only shows your interest in the company but also your proactive mindset in wanting to contribute to their success.