At Allianz Commercial our compliance department manages 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 also develop standard reports and provide periodic reports to sanctions team, L&C and business and support the sanctions team in various IT driven requests.   

Some of your specific responsibilities could include: 

• Perform Economic Sanctions assessment for business referrals and provide support and guidance to the various business stakeholders. This will involve analysing sanctions laws and regulations, assessing the exposure and providing appropriate guidance, with regular discussions with the Economic Sanctions Unit and stakeholders.  

• Have a sound understanding of the sanctions requirements across business areas and improve the sanctions processes and/or streamlining requirements as the sanctions programme and the operational aspects change.  

• Closely track sanctions developments across the varipis applicable regimes and assessing such developments for impact and required implementation at Allianz Commercial.  

• Prepare the necessary management information reports on the relevant sanction's referrals, trends and developments for the Board, internal stakeholders and the Allianz Group.  

What You’ll Bring to the Role 

• University degree in Law - preferably UK fully qualified lawyer 

• 4-5 years of work experience in economic sanctions or anti-financial crime (AFC)  

• Several years of experience in the insurance/reinsurance business   

• Strong expertise in legal analysis and assessment as well as in providing legal advice  

• Exposure to stakeholder management preferably in a global set up  

• Good understanding of internal controls system, processes and methodology  

• Ability to take initiative and resolve problems with a high degree of autonomy  

• Excellent interpersonal, strong communication and presentation skills, ideally with training experience  

• Solid ability steer and manage topics/initiatives with a cross-functional view  

• Strong ability to work in a team and in an international environment  

• Familiarity with database workflow tools  

• Strong Microsoft Office and Excel skills  

• Fluent English language skills (both in spoken and in written) are required