Corporate Compliance Specialist - Minneapolis

Allianz Life
  • Job Purpose/ Role

    The Compliance Specialist will be focused on supporting the Company’s Anti-Money Laundering Program and will be a member of a broader Compliance team focused on Financial Crimes risk. He/She will be responsible for assisting with and supporting the development, maintenance and implementation of policy and procedures related to risk management and compliance with applicable BSA/AML and Sanctions regulations and best practices.~crlf~~crlf~He/She will also be responsible for ownership and execution of comprehensive anti-money laundering controls, mainly focused on AML risk mitigation and remediation by conducting AML enhanced reviews and due diligence, and providing advice and consulting to business partners. In addition, the Compliance Specialist will ensure proper oversight and monitoring activities are conducted and that they are adequately documented.~crlf~~crlf~The role involves working with many parts of the organization mainly including Legal, Ethics & Compliance, IT, and Operations, among other cross-functional teams.

  • Key Responsibilities

    Responsibilities include, but are not limited to:~crlf~~crlf~• Support the development of the programs and initiatives to comply with the respective legal and regulatory obligations pertaining to anti-money laundering and economic sanctions; researching and communicating requirements and providing recommendations, review regulatory bulletins and other sources of information and keep abreast of and assess AML emerging issues, trends, and evolving regulatory requirements;~crlf~• Improve and maintain applicable policies and procedures, and oversee Standard Operating Procedures related to AML;~crlf~• Execute second line monitoring and testing for the AML Program;~crlf~• Ensure detailed and prompt investigation of AML incidents and cases, as well as review and document referrals to AML and report suspicious activity to the MLPO, including support on suspicious activity report preparation and filing;~crlf~• Work closely with direct counterparts as well as other business partners and stakeholders across the enterprise to support the Company's proactive AML efforts. Primary responsibilities include providing support for the AML Program, for the specific purpose of detecting, analyzing and preventing suspicious or fraudulent activity, within pertinent business units, channels and products. Additionally, this position will review results, review and approve comprehensive findings and recommendations and present results to the MLPO; assist in the development and implementation of action plans; and monitor related follow-up actions;~crlf~• Review escalations from Business Partners, with primary focus on Foreign Nationals business, including but not limited to Producer and Customer reviews and vetting;~crlf~• Aid in the improvement of tools to monitor, analyze, and report suspicious activity;~crlf~• Collaborate with business partners to develop, implement and continuously improve internal controls, analyze business processes and controls to identify and assess risk, controls, efficiency, and compliance opportunities. Coordinates and collaborates with multiple business and functional areas on the development of internal controls and compliance measures;~crlf~• Lead the successful completion of projects by creating key milestones, tasks, assigning drivers responsible for implementation, and by measuring results against established goals and industry benchmarks; ~crlf~• Participate in and facilitate information sharing with the MLPO, business partners and peers in a timely and efficient fashion to ensure efficient communication.

  • Key Requirements/ Skills

    • Bachelor’s degree or equivalent work experience required~crlf~• 3-4 years of experience in AML~crlf~• Knowledge of laws and regulations pertaining to: FinCEN, OFAC, Bank Secrecy Act, Patriot Act, International regulations; as well as schemes associated with financial crimes affecting the insurance industry~crlf~• Demonstrate integrity and commitment to values~crlf~• Excellent verbal and written communications skills, in particular, ability to communicate complex information to the Business~crlf~• Ability to understand and solve complex problems in a fast paced, time sensitive environment~crlf~• Excellent analytical, judgment, and research skills ~crlf~• Strong attention to detail and the ability to multitask ~crlf~• Strong time management and prioritization skills~crlf~• Displayed sense of ownership in relation to attitude and actions, assignments and event outcomes~crlf~• Organizationally astute, ability to influence laterally~crlf~• Strong networking skills within the Company as well as in the industry~crlf~• Adaptable to change, flexible and open-minded~crlf~• Knowledge of Allianz Life products preferred, not required~crlf~• CAMS certification preferred, not required~crlf~• Ability to maintain relationships and reporting requirements with multiple lines of business~crlf~• Team player ~crlf~~crlf~~crlf~Nice to have:~crlf~• Experience working on additional compliance programs including, but not limited to: anti-fraud, anti-corruption

  • Additional Information

    At Allianz, we foster a workplace where every person feels welcome, connected, and valued.

  • About Allianz

    Allianz is the home for those who dare – a supportive place where you can take the initiative to grow and to actively strengthen our global leadership position. By truly caring about people – both its 88 million private and corporate customers and more than 140,000 employees – Allianz fosters a culture where its employees are empowered to collaborate, perform, embrace trends and challenge the industry. Our main ambition is to be our customers’ trusted partner, instilling them with the confidence to grow. If you dare, join us at Allianz Group.~crlf~~crlf~Allianz is an equal opportunity employer. Everybody is welcome, regardless of other characteristics such as gender, age, origin, nationality, race or ethnicity, religion, disability, or sexual orientation.

    Retiring with financial security. Living life with confidence. At Allianz Life®, every employee knows these are the things that matter. To do what matters means giving employees the tools and opportunities they need to create innovative, industry-leading products, to discover and embrace new trends, and to strengthen the customer experience. As a company, it means creating a culture that is inclusive, where doing the right thing comes naturally, and promoting an environment that develops talent, seeks excellence, encourages smart risks, and recognizes and rewards people for their performance. Doing what matters for employees helps everyone focus on doing what matters most for our customers. Allianz Life. What you do here matters.

    Why Allianz Life®? Because we hire people who are dedicated to doing what matters and we give you the quality training, support, and advancement opportunities you need to succeed. As a company known for its financial strength, we offer generous benefits, have a strong commitment to community involvement, a collaborative culture, and a unique level of energy. The result is engaged and more productive employees. From the very first day you join our team, you will know that your contributions are valued. We practice True Balance at our campus by providing a fun work environment, an on-site child development center, a fully staffed fitness center, and a variety of meal options in both our full-service cafe and bistro. And all medical, dental, and retirement benefits are effective the first day you join Allianz Life, so you can focus on what truly matters.~crlf~~crlf~An equal opportunity employer.~crlf~~crlf~

Job Purpose/ Role

The Compliance Specialist will be focused on supporting the Company’s Anti-Money Laundering Program and will be a member of a broader Compliance team focused on Financial Crimes risk. He/She will be responsible for assisting with and supporting the development, maintenance and implementation of policy and procedures related to risk management and compliance with applicable BSA/AML and Sanctions regulations and best practices.~crlf~~crlf~He/She will also be responsible for ownership and execution of comprehensive anti-money laundering controls, mainly focused on AML risk mitigation and remediation by conducting AML enhanced reviews and due diligence, and providing advice and consulting to business partners. In addition, the Compliance Specialist will ensure proper oversight and monitoring activities are conducted and that they are adequately documented.~crlf~~crlf~The role involves working with many parts of the organization mainly including Legal, Ethics & Compliance, IT, and Operations, among other cross-functional teams.

Key Responsibilities

Responsibilities include, but are not limited to:~crlf~~crlf~• Support the development of the programs and initiatives to comply with the respective legal and regulatory obligations pertaining to anti-money laundering and economic sanctions; researching and communicating requirements and providing recommendations, review regulatory bulletins and other sources of information and keep abreast of and assess AML emerging issues, trends, and evolving regulatory requirements;~crlf~• Improve and maintain applicable policies and procedures, and oversee Standard Operating Procedures related to AML;~crlf~• Execute second line monitoring and testing for the AML Program;~crlf~• Ensure detailed and prompt investigation of AML incidents and cases, as well as review and document referrals to AML and report suspicious activity to the MLPO, including support on suspicious activity report preparation and filing;~crlf~• Work closely with direct counterparts as well as other business partners and stakeholders across the enterprise to support the Company's proactive AML efforts. Primary responsibilities include providing support for the AML Program, for the specific purpose of detecting, analyzing and preventing suspicious or fraudulent activity, within pertinent business units, channels and products. Additionally, this position will review results, review and approve comprehensive findings and recommendations and present results to the MLPO; assist in the development and implementation of action plans; and monitor related follow-up actions;~crlf~• Review escalations from Business Partners, with primary focus on Foreign Nationals business, including but not limited to Producer and Customer reviews and vetting;~crlf~• Aid in the improvement of tools to monitor, analyze, and report suspicious activity;~crlf~• Collaborate with business partners to develop, implement and continuously improve internal controls, analyze business processes and controls to identify and assess risk, controls, efficiency, and compliance opportunities. Coordinates and collaborates with multiple business and functional areas on the development of internal controls and compliance measures;~crlf~• Lead the successful completion of projects by creating key milestones, tasks, assigning drivers responsible for implementation, and by measuring results against established goals and industry benchmarks; ~crlf~• Participate in and facilitate information sharing with the MLPO, business partners and peers in a timely and efficient fashion to ensure efficient communication.

Key Requirements/ Skills

• Bachelor’s degree or equivalent work experience required~crlf~• 3-4 years of experience in AML~crlf~• Knowledge of laws and regulations pertaining to: FinCEN, OFAC, Bank Secrecy Act, Patriot Act, International regulations; as well as schemes associated with financial crimes affecting the insurance industry~crlf~• Demonstrate integrity and commitment to values~crlf~• Excellent verbal and written communications skills, in particular, ability to communicate complex information to the Business~crlf~• Ability to understand and solve complex problems in a fast paced, time sensitive environment~crlf~• Excellent analytical, judgment, and research skills ~crlf~• Strong attention to detail and the ability to multitask ~crlf~• Strong time management and prioritization skills~crlf~• Displayed sense of ownership in relation to attitude and actions, assignments and event outcomes~crlf~• Organizationally astute, ability to influence laterally~crlf~• Strong networking skills within the Company as well as in the industry~crlf~• Adaptable to change, flexible and open-minded~crlf~• Knowledge of Allianz Life products preferred, not required~crlf~• CAMS certification preferred, not required~crlf~• Ability to maintain relationships and reporting requirements with multiple lines of business~crlf~• Team player ~crlf~~crlf~~crlf~Nice to have:~crlf~• Experience working on additional compliance programs including, but not limited to: anti-fraud, anti-corruption

Additional Information

At Allianz, we foster a workplace where every person feels welcome, connected, and valued.

About Allianz

Allianz is the home for those who dare – a supportive place where you can take the initiative to grow and to actively strengthen our global leadership position. By truly caring about people – both its 88 million private and corporate customers and more than 140,000 employees – Allianz fosters a culture where its employees are empowered to collaborate, perform, embrace trends and challenge the industry. Our main ambition is to be our customers’ trusted partner, instilling them with the confidence to grow. If you dare, join us at Allianz Group.~crlf~~crlf~Allianz is an equal opportunity employer. Everybody is welcome, regardless of other characteristics such as gender, age, origin, nationality, race or ethnicity, religion, disability, or sexual orientation.

Retiring with financial security. Living life with confidence. At Allianz Life®, every employee knows these are the things that matter. To do what matters means giving employees the tools and opportunities they need to create innovative, industry-leading products, to discover and embrace new trends, and to strengthen the customer experience. As a company, it means creating a culture that is inclusive, where doing the right thing comes naturally, and promoting an environment that develops talent, seeks excellence, encourages smart risks, and recognizes and rewards people for their performance. Doing what matters for employees helps everyone focus on doing what matters most for our customers. Allianz Life. What you do here matters.

Why Allianz Life®? Because we hire people who are dedicated to doing what matters and we give you the quality training, support, and advancement opportunities you need to succeed. As a company known for its financial strength, we offer generous benefits, have a strong commitment to community involvement, a collaborative culture, and a unique level of energy. The result is engaged and more productive employees. From the very first day you join our team, you will know that your contributions are valued. We practice True Balance at our campus by providing a fun work environment, an on-site child development center, a fully staffed fitness center, and a variety of meal options in both our full-service cafe and bistro. And all medical, dental, and retirement benefits are effective the first day you join Allianz Life, so you can focus on what truly matters.~crlf~~crlf~An equal opportunity employer.~crlf~~crlf~


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