Let’s care for tomorrow. 

Your ambitions.  Your dreams.  Your tomorrow 

 

Whether it’s aircraft, international business or offshore wind parks, Allianz Commercial has an extensive range of risks covered when it comes to protecting businesses.   

 

We are always looking for talented individuals to join our Compliance team in Munich or London. By responding to this advertisement, you are agreeing to join a talent pool for future vacancies within the team. This is not a live job role. We will contact you as soon as a suitable position becomes available. 

 

Your Team 

At Allianz Commercial our Compliance Department manages the Compliance Programmes globally, staying abreast of external requirements and internal developments to identify and minimize compliance risks, protecting the interests of the company.  

 

The Impact You Will Have 

Reporting to the Head of the Sanctions Unit and part of the Global Compliance Team, as a Compliance Governance Specialist, you will analyse sanctions laws and regulations, provide support and guidance and perform Economic Sanctions assessment for business referrals, engage with Underwriting, Claims and other functions, to address and manage relevant compliance aspects in support of business needs. You will drive constant process and training improvements and ensure proper and timely communication to the business. You will assist the Head of AGCS Sanctions Unit on various other sanctions related matters. You will also develop standard reports and provide periodic reports to sanctions team, L&C and business and support the sanctions team in various IT driven aspects/requests/implementations.  

 

Some of your specific responsibilities could include: 

Analyse sanctions laws and regulations in respect of the specific business exposures  

Keep abreast of sanctions developments and provide guidance to the business accordingly  

Perform Economic Sanctions assessment for business referrals and provide support and guidance to the various business stakeholders 

Review sanctions relevant submissions, discuss relevant aspects and support communication with clients and brokers 

Improve processes or design new process, provide reports and overviews, perform risk assessments, document initiatives and provide sound overview of initiatives and activities to Head Sanction Unit to support steering and prioritization  

Build, maintain and improve sanctions database and ensure consistent documentation across business applications (process, exceptions, referrals etc.) 

Develop new solutions/ robotic/ standard for documentation, etc.  

Review and update training modules, organize and provide F2F trainings and develop awareness campaigns/messages and newsletters.   

Support the review of the internal policies and procedure documents, as well as global, regional, line-of-business-specific guidelines, etc.  

 

What You’ll Bring to the Role 

University degree in Law - preferably qualified lawyer 

5 years of professional experience in insurance or reinsurance or alternatively in the area of Economic Sanctions 

Background in compliance, legal or regulatory assessments 

Good understanding of the insurance business and ideally of Allianz would be a plus 

Ability to communicate effectively with all levels of management and staff, and ability to function as part of a team 

Experience in project management, process design and/or stakeholder management 

Compliance or financial crime knowledge or experience in underwriting or claims would be a plus 

You are an open and forward-looking person, interested in learning new areas and sharing knowledge, expressing ideas and messages clearly and with confidence 

Strong analytic skills and IT acumen 

English skills are required, German skills would be very beneficial 

 

If this role sounds appealing and suited to your profile, please submit an application to join our talent pool. We will then contact you when a suitable position is available. 

58402 | Legal & Compliance | Professional | Allianz Commercial | Full-Time | Permanent

 

What’s in it for you? 

 

Let’s care about everything that makes you, you 

We are committed to nurturing an inclusive environment where everyone feels they belong.  We offer a hybrid working model, which recognizes the value of striking a balance between in-person collaboration and remote working.  Please feel free to discuss flexible working arrangements with us. 

 

Let’s care for your financial wellbeing 

We believe in rewarding performance with a great compensation and benefits package (details vary by location), including a generous bonus scheme and pension. 

 

Let’s care for your opportunities to progress 

From career development and digital learning programs to international career mobility, we offer lifelong learning for our employees worldwide and an environment where innovation, delivery and empowerment are fostered. 

 

Let’s care for life’s twists and turns 

From our support for flexible working, health and wellbeing (including private healthcare and generous parental leave benefits), to helping people return from career breaks with experience that nothing else can teach. We've got your back. 

 

Let’s care for our society and our planet 

With opportunities to be engaged in shaping a future that is safe, inclusive and sustainable, we care for the tomorrows of our people, our industry and our clients. 

 

Care to join us? 

Allianz Commercial is the center of expertise of Allianz Group, insuring mid-sized businesses, large enterprises, and special risks.Our customers include top consumer brands, financial institutions, industry leaders, the global aviation and shipping industries, as well as family-owned and medium-enterprises.We also cover unique risks such as offshore wind farms, infrastructure projects and film productions.Our clients trust us to provide a wide range of traditional and alternative risk transfer solutions, outstanding risk consulting and multinational services, and seamless claims handling.Allianz Commercial helps customers to prepare for what's ahead. 

 

Learn more about careers at Allianz Commercial by clicking here. 

 

Learn more about Allianz Commercial by clicking here. 

 

Allianz is an equal opportunity employer, and therefore welcomes applications regardless of ethnicity or cultural background, age, gender, nationality, religion, disability, sexual orientation or any other protected characteristic. Diversity of thinking is an important part of our culture. 

 

People with disabilities: 
We want to give all our candidates the best opportunity to succeed.  If you need any adjustments to be made during the application and selection process, please email agcsglobalcareers@allianz.com 

 

Recruitment Agencies:  
Allianz Commercial has an in-house recruitment team, which focuses on sourcing great candidates directly.  Allianz Commercial does not accept unsolicited resumes from agency or search firm recruiters.  Fees will not be paid in the event a candidate submitted by a recruiter without an agreement in place is hired.  When we do use agencies, we have a PSL in place, so please do not contact managers directly. 

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