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Compliance Manager

Job Level:  Professional

Chicago, IL, US, 60606

Available until: 
Area of Expertise:  Legal & Compliance
Unit:  Allianz Global Corporate & Specialty
Employing Entity:  Allianz Global Risks US Insurance Compan
Job Type:  Full-Time
Remote Job:  Hybrid working
Employment Type:  Permanent
ID:  10254

Whether it’s aircraft, satellites, the world’s biggest ships and tallest building, cyber-attacks or climate change impacts, Allianz Global Corporate and Specialty (AGCS) have got the major risks fully covered when it comes to protecting businesses.



Job Purpose:

The Compliance Manager is responsible for managing and coordinating multiple areas of compliance.  These include, but are not limited to:

  • Approving exceptions to company policy for assigned areas and within assigned guidelines;
  • Assisting in developing compliance strategies to maximize revenues and mitigate risk; 
  • Leading cross functional teams in large projects affecting the enterprise to assure compliance with specific policy or procedural requirements;
  • Interpreting regulatory changes and developing enterprise communications, including internal and external audiences and presentations and strategy documents; and
  • Acting as a "Global Owner" of specific compliance topics, providing direction and support across all of AGCS.



In this role you will…

  • Review regulatory requirements and develop revisions or create policies, procedures and communications to assure awareness and compliance across the 51 jurisdictions in the US and Canada provenances. 
  • Develop on-line and in-person training materials and tools for all assigned areas of compliance. 
  • Provide overall compliance review and signoff on key business requests, policy exceptions, etc. 
  • Provide guidance to the business on compliance topics that have a major impact on the ability to write business, including Economic Sanctions approval, Vendor Integrity Screening, Program/Facilities review and approval, etc.
  • Conduct holistic AGCS NA Risk Assessments as required by Global and Allianz SE. 
  • Integrate findings into the overall AGCS results working with key areas of AGCS. 
  • Work directly with LOB owners and Risk areas to define and address identified mitigation and reporting activities. 
  • Manage Compliance topics across all of AGCS as a "Global Topic Owner." 
  • Annually review topics to determine any worldwide regulatory changes or Allianz SE changes that need to be incorporated into the AGCS Standard, Functional Rules, etc. 
  • Prepare communications, training updates, and Allianz Connect materials in support of the topic. 
  • Provide guidance and respond to requests from all areas of AGCS not just AGCS NA.
  • Conduct Peer Reviews of other AGCS locations regarding compliance activities, managing Allianz required maturity model reviews of assigned compliance topics for AGCS NA. 
  • Conduct spot checks of LOB activities including accounting red flags, Facilities/Program business and new product development.


To be successful in the role:

You will have…

  • Experience reading and interpret laws/regulations;
  • Ability to review and interpret contracts;
  • Ability to translate legal requirements into policy, procedural and training requirements for the general population;
  • Project Management skills and the ability to coordinate efforts within a designated timeframe;
  • Ability to persuade and motivate others to act, without executive authority;
  • Ability to express ideas and messages clearly, both written and verbally;
  • Ability to analyze highly complex data, from multiple sources, in detail;
  • Identify and resolve issues before they transpire;
  • Ability to use general office application tools (e.g., Power Point, Excel, and Word; and
  • Bachelor’s degree in Business Administration and/or Paralegal or Audit certification.


Here are a few reasons why you should join AGCS:

  • Hybrid working model, which recognizes the value in a balance between remote and office-based working, giving you the flexibility to organize the way you work
  • An exciting and versatile job with an opportunity to work alongside skilled and specialized colleagues from all over the world
  • An environment where innovation and challenging the status quo is encouraged
  • Wellbeing policies/initiatives to support a positive work life balance
  • A competitive compensation and benefits package including generous bonus scheme 
  • A large portfolio of continuous learning opportunities to help you stay relevant in your current role, grow into future roles and meet the demands of the workplace
  • Diverse and inclusive culture where you will be accepted for who you are and empowered to use your voice to help others find theirs


Allianz Group is one of the most trusted insurance and asset management companies in the world. Caring for our employees, their ambitions, dreams and challenges, is what makes us a unique employer. Together we can build an environment where everyone feels empowered and has the confidence to explore, to grow and to shape a better future for our customers and the world around us.


Allianz Global Corporate & Specialty (AGCS) is a leading global corporate insurance carrier and a key business unit of Allianz Group. We provide risk consultancy, Property-Casualty insurance solutions and alternative risk transfer for a wide spectrum of commercial, corporate and specialty risks across 10 dedicated lines of business.


Our customers are as diverse as business can be, ranging from Fortune Global 500 companies to small businesses, and private individuals.  Worldwide, AGCS operates with its own teams in 31 countries and through the Allianz Group network and partners in over 200 countries and territories, employing over 4,400 people. As one of the largest Property-Casualty units of Allianz Group, we are backed by strong and stable financial ratings. In 2020, AGCS generated a total of €9.3 billion gross premium globally.


In 2020, AGCS announced a new strategy and transformation program called New AGCS which aims to comprehensively transform the company, creating a mutually beneficial relationship with stakeholders.


This  is  an  exciting  time  to  join  AGCS  as  we  continue  on  our  journey  of  transformation, regaining market leadership  and  achieving  success  together.  You can grow your career through meaningful work supporting our customers, while learning from expert colleagues.


Allianz is an equal opportunity employer and therefore welcomes applications regardless of ethnicity or cultural background, age, gender, nationality, religion, disability or sexual orientation. Diversity of minds is an integral part of Allianz’ company culture.


Let’s care for tomorrow.

Nearest Major Market: Chicago