Senior Compliance Officer

**Position: Senior Compliance Officer - Tokio Marine Europe**

**Location : Luxembourg**

**Report to : Head of Legal and Compliance - TME**

_We _will _not _accept _any _CVs _via _agencies _.**Tokio**Marine HCC**

_Tokio _Marine HCC _is _a _leading _specialty _insurance _group _with _offices in the United States, the United _Kingdom _, Europe, Ireland, and _other _exciting _locations. _With _the _strength _and _stability _that _comes _from _being _a _member _of the _Tokio _Marine group, and more _than _fifty _years _of _growth _, _profitability _, and _stability _, _we _offer _important _insurance _products _that _most _people _don’t _even _know _exist _. _Our _products _allow _our _customers _to _take _on _opportunity _with _confidence._Just _as _we _invest _in _our _company _, _we _invest _in _our _employees _’ _careers _. _We _provide _our _employees _a collaborative and _rewarding _environment _within _which _to gain the _knowledge _, _skills _, and _experience _that _lead to a _rewarding _career _. _In _turn _, _our _competitive _salaries, attractive _benefits _, and _potential _for _career _growth _allow _you _to _take _on _opportunity _with _confidence.”**About the role**:
The Senior Compliance Officer will support TME adhering to all relevant regulatory, legal, and compliance standards. The role involves monitoring and evaluating compliance risks, advising management on regulatory requirements, and developing internal policies and procedures to mitigate risks. The Senior Compliance Officer also plays a key role in ensuring TME’s operations and products comply with insurance regulations and ensure we maintain a proactive culture on regulatory matters. The postholder will be well-organized and proactive, providing timely advice and support on compliance and regulatory matters to the Head of Legal & Compliance and the team. In doing so, the capability to understand the business, engage with stakeholders, as well as provide high quality reporting with a strong attention to detail, will be crucial to success.

The remit of the role covers the European markets where TME has presence and will span across the different work streams of Regulatory Compliance, such as insurance law related matters, distribution compliance, complaints management, conflict of interest, etc., excluding Financial Crime Compliance matters (money laundering, sanctions, bribery, and fraud).

**Key**Responsibilities**:

- **Regulatory Compliance & Engagement**:

- Ensure full identification and timely implementation of the TME regulatory obligations for insurance activities of our Head office in Luxembourg and TME branches, working closely with the TME Legal & Regulatory Affairs team.
- Ensure that regulatory requirements are properly understood by all business units and staff therein by way of regular training, the coordination and dissemination of relevant regulatory notifications or association circulars and assisting with the operational transposition of requirements into business procedures.
- Monitor emerging and developing local regulatory changes within the market, consultation papers and policy statements issued by relevant regulatory authorities and wider international bodies, liaising as necessary with the TME Legal & Compliance team, the TMHCCI Compliance team in the UK, on how any such developments may impact TME.
- Contribute to responses to regulators and/or external requests (e.g., KYC questionnaires)
- **Policy Development and Implementation**:

- Develop, update, and maintain internal compliance policies and procedures in accordance with industry standards and regulations.
- Lead training initiatives on compliance policies, procedures, and legal obligations.
- Actively promote a culture of compliance within the organization through ongoing education and communication.
- **Risk Assessment and Management**:

- Perform the annual TME Legal & Compliance risk assessment.
- Identify and assess potential compliance risks related to the company’s insurance products, operations, and marketing practices.
- Develop action plans to address compliance issues and implement corrective measures.
- **Reporting and Documentation**:

- Maintain accurate records of compliance activities, including risk assessments, audits, employee training, and regulatory communications.
- Be responsible for the coordination and preparation of compliance reports for senior management, regulatory bodies, including the Board of Directors and requests at the level of the parent companies.
- Suggest enhancement on Compliance MI and metrics and work towards increasing the effectiveness of communication.
- **Stakeholder Management**:

- Effectively work with different functions and teams (Claims, Underwriting, HR, third party management, Procurement, Company Secretary, etc.) to address compliance issues and raise awareness.
- Liaise with the branch managers or legal representatives and the line of business managers to improve the understanding of all the ri