At a Glance
- Tasks: Lead investigations into financial crime and produce detailed reports.
- Company: Join a leading global specialty insurer with a commitment to innovation.
- Benefits: Competitive salary, dynamic work environment, and growth opportunities.
- Other info: Be part of a supportive team focused on empowering individuals.
- Why this job: Make a real impact in fighting financial crime while developing your skills.
- Qualifications: Experience in insurance investigations and strong analytical skills.
The predicted salary is between 36000 - 60000 £ per year.
Reporting to: Senior Financial Crime Officer
Direct Reports: None
Position Type: FTC (6 months)
Overview:
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:
- Lead and manage incoming investigations
- Produce external reporting submissions as needed
- Produce internal reports - including maintenance and uplift of Fraud Log
- Support/train business lines on investigations management
- Management of SIRA alerts
Key Responsibilities:
- Assist the Senior Financial Crime Officer (Advisory & Investigations) in the management of ongoing and new, Financial Crime related referrals – including any Fraud and money laundering suspicions.
- Independently lead and conduct new investigations – maintaining clear case files, the Fraud Log, and progress reports to senior management.
- Where necessary, produce Suspicious Activity Reports and other filings for external reporting purposes.
- Provide guidance and Investigations training to the first line teams (Claims, Underwriting) – including recommendations for remediating actions where Fraud is suspected or confirmed.
- Review and enhance the structure of the Fraud Log ensuring visibility of key case information.
- Assist in producing MI reports to provide case status and outcome updates for Committees – including Financial Crime Controls Committee (FCCC).
- Review fraud screening alerts (SIRA tool) and investigate suspicious activity through to resolution.
Performance Objectives:
Within your first 3-6 months at TMHCC you should expect to see and handle a variety of referrals where fraud and suspicious activity has been detected. Lead in the investigation of the referrals – produce recommendations, identify gaps in controls remedial actions and external reporting requirements. Produce regular reports and oversight to senior management and committee.
Skills and Experience Specification:
Essential:
- Insurance Investigative experience essential (investigations qualifications advantageous)
- Advanced insurance industry knowledge essential
- Working knowledge of civil & statutory law relating to investigations (including external authority reporting obligations)
- Working knowledge of fraud detection tools advantageous
- Proven experience of evaluating, handling and packaging intelligence and evidence
- Proven experience of producing investigations reports and recommendations
- Proven experience of handling sensitive and confidential material.
- Experience in management and analysis reporting/committee paper production
Desirable:
- Wholesale, retail and London market insurance knowledge
- UK, European and worldwide regulatory/legal reporting knowledge
- Police (and Insurance Fraud Enforcement Dept IFED), NCA, HMRC FCA knowledge.
- Training and coaching experience.
- Experience in producing procedural documentation
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.
Investigations Specialist (FTC) employer: Tokio Marine HCC
At Tokio Marine HCC, we pride ourselves on being a dynamic and rapidly growing organisation that values innovation and employee empowerment. As an Investigations Specialist, you will benefit from a supportive work culture that prioritises professional development and offers competitive salaries alongside a comprehensive benefits package. Join us in our London office to be part of a team that is committed to excellence in the insurance industry while making a meaningful impact through your work.
StudySmarter Expert Advice🤫
We think this is how you could land Investigations Specialist (FTC)
✨Tip Number 1
Network like a pro! Reach out to folks in the insurance industry, especially those who work in investigations. A friendly chat can lead to insider info about job openings or even a referral.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of fraud detection tools and relevant laws. We want you to showcase your expertise and confidence when discussing your experience with financial crime investigations.
✨Tip Number 3
Don’t forget to follow up after interviews! A quick thank-you email can keep you fresh in their minds and show your enthusiasm for the role. Plus, it’s a great chance to reiterate why you’re the perfect fit.
✨Tip Number 4
Apply through our website for the best chance at landing that Investigations Specialist role. We love seeing candidates who take the initiative to connect directly with us!
We think you need these skills to ace Investigations Specialist (FTC)
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Investigations Specialist role. Highlight your insurance investigative experience and any relevant qualifications. We want to see how your skills match what we're looking for!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about financial crime investigations and how your background makes you a great fit for our team. Keep it engaging and to the point.
Showcase Relevant Experience:When detailing your experience, focus on specific examples that demonstrate your ability to handle sensitive material and produce investigation reports. We love seeing real-life applications of your skills!
Apply Through Our Website:Don't forget to apply through our website! It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it’s super easy to do!
How to prepare for a job interview at Tokio Marine HCC
✨Know Your Investigations Inside Out
Make sure you brush up on your insurance investigative experience. Be ready to discuss specific cases you've handled, the tools you used, and the outcomes. This will show that you not only understand the role but also have practical experience to back it up.
✨Familiarise Yourself with Relevant Laws
Since the job involves working knowledge of civil and statutory law, take some time to review key regulations related to investigations. Being able to speak confidently about these laws during your interview will demonstrate your preparedness and expertise.
✨Prepare for Scenario-Based Questions
Expect questions that ask how you would handle specific fraud scenarios or suspicious activity alerts. Think through your thought process and be ready to explain how you would lead an investigation, produce reports, and recommend actions based on your findings.
✨Showcase Your Training Skills
Since the role involves providing guidance and training to first line teams, be prepared to discuss any previous training or coaching experiences. Share examples of how you've successfully trained others in investigations management or fraud detection, as this will highlight your leadership potential.
