First Line Risk & Compliance Analyst

Tokio Marine Insurance Group; Sydney; Hybrid; AUD 90,000 - 120,000; Full time

Benefits offered by this job

Competitive salary with yearly bonus

Novated leasing options

Hybrid working – WFH 2 days a week

Wellbeing leave day

Volunteer day

Social committee

Learning & development

Discounts with large Japanese multinat

Job summary

Tokio Marine Insurance Group – Sydney CBD NSW is seeking a First Line Risk & Compliance Analyst to support risk, regulatory and governance frameworks across business units.

You'll partner with Underwriting, Claims and Distribution to monitor controls, perform risk assessments and maintain compliance with APRA, ASIC and Privacy Act obligations. The role is hybrid with WFH 2 days per week and a strong emphasis on risk culture and service excellence.

Qualifications

• 2+ years' experience in risk management, compliance, audit, governance, or regulatory roles.
• Experience in general insurance or APRA-regulated entities is highly regarded.
• Knowledge of Australian regulatory framework (Corporations Act, Privacy Act, ASIC guidance) is preferred.

Responsibilities

• Partner with business units to manage governance, risk controls, and compliance obligations.
• Support implementation and operation of the Risk Management Framework across units.
• Identify, assess, monitor, and report risk indicators and control effectiveness.
• Maintain risk and control registers and support remediation of weaknesses.
• Prepare risk and compliance reports and support governance forums.

Skills

Risk management

Compliance

Audit

Governance

Regulatory knowledge

ERM systems

Education

Commerce/Finance/Law degree

Tools

ERM software

Breach management systems

Job description

Tokio Marine Insurance Group – Sydney CBD NSW

Tokio Marine Management Australasia is a leading provider of specialty insurance solutions, drawing on nearly 150 years of global expertise and over 60 years of dedicated service in Australia. As part of the Tokio Marine Group - an international insurance organisation operating in more than 50 countries - our business is built on a strong foundation of excellence, reliability, and innovation.

Headquartered in Sydney, with offices in Melbourne and Perth, we offer a comprehensive range of specialty insurance products, including Travel, Accident and Health, Bond and Credit, Cyber, Renewable Energy, Large Commercial Property and Event Cancellation Insurance. Our brands, including AHI, World2Cover, and Bond & Credit Co., are trusted by businesses and individuals across Australia and New Zealand.

Our team combines specialist expertise, world-class underwriting, and a robust claims management network to deliver exceptional service and tailored insurance solutions for our brokers and clients.

At Tokio Marine Management Australasia, you'll work alongside highly experienced industry leaders, contribute to meaningful outcomes and be part of a company that values expertise, collaboration, and service excellence.

About the Opportunity:

The First Line Risk & Compliance Analyst is responsible for supporting the effective implementation and operation of risk management, compliance, and governance frameworks within various Business Units. Acting as a trusted advisor to the business, the role assists management in the Business Units in identifying, assessing, monitoring, and managing operational, conduct, regulatory, and compliance risks while promoting a strong risk culture and ensuring adherence to internal policies and external regulatory obligations.

The role operates within the First Line of Defence under the TMMA's Three Lines Model and works closely with business leaders, Risk and Compliance teams, Internal Audit, and key stakeholders to strengthen risk management capability and regulatory compliance outcomes.

The role reports directly to the Chief Claims Officer but also supports other Business Units.

Role responsibilities include:

• Partner with Underwriting, Claims, and Distribution teams to manage governance, risk controls, and compliance obligations.
• Support implementation and ongoing operation of the Risk Management Framework across Business Units.
• Facilitate risk identification, assessment, and control monitoring activities.
• Assist in maintaining and reviewing risk and control registers and supporting remediation of control weaknesses.
• Monitor and report on risk indicators, control effectiveness, incidents, and emerging risks.
• Assist in risk assessments for new products, business initiatives, system changes, and strategic projects.
• Support compliance with APRA, ASIC, AFSL, Privacy Act, and industry codes.
• Conduct compliance monitoring, quality assurance, and testing activities.
• Perform due diligence reviews for customer-facing documents and marketing materials.
• Prepare risk and compliance reports, support governance forums, and maintain accurate risk and compliance records.

About You:

As our preferred candidate, you will have:

• 2+ years' experience in risk management, compliance, audit, governance, operational risk, or regulatory roles.
• Experience within general insurance, Lloyd's, underwriting agencies, brokers, or other APRA-regulated entities is highly regarded.
• Working knowledge of the Australian regulatory framework, including the Corporations Act, Insurance Contracts Act, Privacy Act, GICOP, and relevant ASIC regulatory guides.
• Experience with ERM, compliance monitoring, and breach management systems is advantageous.
• Tertiary qualifications in Commerce, Finance, Law, or a related discipline.
• RG 146 or relevant postgraduate risk and compliance certification (highly regarded).

What's in it for you?

• Competitive salary package with yearly bonus and great benefits
• Novated leasing options for your assets e.g., vehicle, mobile, laptop etc.
• A flat management operating structure which means minimal levels of hierarchy and access to Executive Leaders
• Flexible working - hybrid position, WFH 2 days a week, choose your schedule.
• Additional wellbeing leave day to use as you see fit in additional to optional flu vaccinations provided onsite.
• Volunteer day with a charity of your choosing.
• Social committee in a friendly, down-to-earth high performing culture that celebrates you.
• Ongoing learning and development programs tailored to your career progression goals and ambitions.
• Significant discounts with large Japanese multinational companies and other large national retailers

And many more!

In return, we will give you everything you need to develop your skills and build a successful role at TMMA. If you're ready to step into a business and culture that will both challenge and excite you.