JOB PURPOSE / ROLE
The Compliance Governance Specialist analyses sanction laws and regulations, provides legal support and guidance and manages Economic Sanctions sign-
off requests for Underwriting, Claims and AGCS Risk Consulting (ARC), incl. payment authorizations. Further the role performs and coordinates internal investigations (e.g. whistleblowing).
Analyze relevant sanction law and regulations
Manage Economic Sanctions sign-off requests and provide legal support, guidance and advise to Underwriting, Claims and other functions, incl. payment authorizations
Drive constant process improvements and provides Economic Sanctions trainings to the business
Identification & Analysis of Legal Issues
Responsible for proactively identifying and analyzing legal issues, providing advice to internal customers, drafting legal decisions or presenting clear recommendations.
Co-)steer Sanctions Desk (Offshore) handling Economic Sanctions alerts, develop and run quality assurance measures and -
in collaboration with Economic Sanctions Global Practice Group - legally evaluate qualified alerts
Compliance Internal Investigations
Perform and coordinate internal investigations, steer L&C resources globally during investigations, liaise with Allianz Group and external parties (police, prosecutor etc) as required.
Further, the holder of this position will steer the Global Integrity Committee relevant workflows and required updates and ensures consistency of documentation
Ensure timely availability of reports relevant to above task areas e.g. for AGCS Quarterly Compliance Updates, Group reporting
KEY REQUIREMENTS / SKILLS / EXPERIENCE
Minimum 5-7 years of professional experience in sanctions or insurance law preferably in the insurance or banking industry or international law firm
Preferably background in forensic investigation handling and analytic skills
Good understanding of the insurance business and ideally of AGCS.
Ability to comprehend business issues, identify legal issues in business transactions, and provide legal practical recommendations and business considerations
Ability to anticipate potential legal issues which may affect multiple clients or have multi-legal specialty implications
Full expert knowledge of and practical experience with sanctions / insurance law across multiple lines of business and areas (underwriting, claims, reinsurance, broker relations)
Preferably Database (e.g. MS Access) skills and / or process design experience
Ability to communicate effectively in English and German, in writing and verbally, with all levels of management and staff, and ability to function as part of a team