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For Companies At a Glance
- Tasks: Lead the redesign of supplier risk processes and ensure compliance with regulations.
- Company: Join a leading Specialty Insurer with a focus on innovation and empowerment.
- Benefits: Competitive salary, dynamic work environment, and growth opportunities.
- Why this job: Make a real impact in risk management within a rapidly evolving industry.
- Qualifications: Experience in Supplier Risk Management and knowledge of regulatory frameworks required.
- Other info: Collaborative culture with a focus on continuous improvement and crisis support.
The predicted salary is between 36000 - 60000 £ per year.
Reporting to: Procurement Excellence Manager
Position Type: Permanent
Why
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.
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.
- 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
- Act as the primary point of contact for European counterparties on supplier risk matters.
- Support coordination and alignment across UK and European regulatory expectations.
- 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.
- 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.
- 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
- 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 employer: Tokio Marine HCC
Contact Detail:
Tokio Marine HCC 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 experience aligns 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 achievements that demonstrate your expertise and how you can add value to their team.
✨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
Some tips for your application 🫡
Tailor Your Application: Make sure to customise your CV and cover letter to highlight your experience in Supplier Risk Management. We want to see how your skills align with the key responsibilities mentioned in the job description.
Showcase Relevant Experience: When detailing your past roles, focus on your achievements in regulatory compliance and supplier assurance. We love seeing concrete examples of how you've tackled challenges in the Financial Services sector.
Be Clear and Concise: Keep your application straightforward and to the point. Use bullet points where possible to make it easy for us to read through your qualifications and experiences quickly.
Apply Through Our Website: We encourage you to submit your application directly through our website. It’s the best way for us to receive your details and ensures you’re considered for the role without any hiccups!
How to prepare for a job interview at Tokio Marine HCC
✨Know Your Stuff
Make sure you brush up on your knowledge of supplier risk management, especially within the financial services sector. Familiarise yourself with key regulations like DORA and SS5/25, as well as concepts like concentration risk and operational resilience. This will show that you're not just interested in the role but also understand the landscape.
✨Showcase Your Experience
Prepare to discuss specific examples from your past roles that demonstrate your expertise in supplier assurance and due diligence. Think about challenges you've faced and how you overcame them, particularly in complex regulatory environments. This will help you stand out as a candidate who can deliver results.
✨Engage with Stakeholders
Since collaboration is key in this role, be ready to talk about how you've worked with various stakeholders in the past. Highlight your ability to communicate complex risk concepts clearly and how you've provided guidance on high-risk suppliers. This will illustrate your capability to work effectively across teams.
✨Continuous Improvement Mindset
Demonstrate your commitment to continuous improvement by discussing any initiatives you've led or been part of that enhanced supplier risk frameworks or processes. Share insights on industry trends or emerging risks you've identified and how you've adapted strategies accordingly. This shows you're proactive and forward-thinking.
