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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: Be part of a rapidly growing team focused on innovation and excellence.
The predicted salary is between 36000 - 60000 £ 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
- 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 to inform TMHCC’s approach to Regulatory Change & Strategic Initiatives. 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.
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. Please visit www.tmhcc.com for more information about our companies.
Supplier Risk Manager 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
✨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 what they’re about.
✨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 those that relate to regulatory compliance and operational resilience.
✨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
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, especially within the Financial Services sector. This will help us see your potential impact at TMHCC.
Be Clear and Concise: Keep your application straightforward and to the point. Use clear language and avoid jargon where possible. We appreciate a well-structured application that makes it easy for us to understand your qualifications and motivations for applying.
Apply Through Our Website: Don’t forget to submit your application through our official website! This ensures that your application is processed correctly and gives you the best chance of being considered for the role. We’re excited to see what you bring to the table!
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 those relevant to the financial services sector. Familiarise yourself with regulations like DORA and SS5/25, as well as key supplier risk domains such as information security and operational resilience.
✨Showcase Your Experience
Prepare specific examples from your past roles that demonstrate your expertise in supplier assurance and due diligence. Be ready to discuss how you've handled high-risk suppliers or complex regulatory environments, as this will show you can hit the ground running.
✨Engage with Stakeholders
Highlight your experience in collaborating with various internal teams like Risk, Legal, and IT. Discuss how you've successfully navigated stakeholder relationships to ensure a cohesive approach to supplier risk management, as this is crucial for the role.
✨Think Ahead
Be prepared to discuss industry trends and emerging risks that could impact supplier risk management. Show that you’re not just reactive but proactive in identifying potential challenges and recommending enhancements to frameworks and controls.