Let’s care for tomorrow.

Your ambitions. Your dreams. Your tomorrow

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

We are looking for a Compliance Governance Specialist - Economic Sanctions Investigations (m/f) based in Munich.

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
3 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
Fluent German and English skills

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 Allianz Group brand serving the world’s largest consumer brands and major industry players through to family-owned enterprises forming the backbone of nations’ economies. We bring together the corporate multinational business of Allianz Global Corporate & Specialty and the commercial business of national Allianz Property & Casualty entities and provide both traditional and alternative risk transfer solutions, outstanding risk consulting and Multinational services as well as seamless claims handling.

As a key strategic player in the Allianz Group network, Allianz Commercial is present in over 200 countries and in 2022 generated more than €19 billion gross premium.

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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