Compliance Specialist

Allianz plc

The Opportunity:

Are you a skilled compliance professional with a passion for business-oriented compliance solutions? Do you thrive in dynamic environments where your expertise directly influences critical business decisions? If so, we invite you to join our Compliance team at Allianz Ireland as a Compliance Specialist.

As a Compliance Specialist, you will be reporting directly to the Head of Compliance and play a pivotal role in the 2nd line Compliance function. Your key responsibilities will include:

• Providing independent compliance oversight including compliance monitoring for assigned areas/processes of the Allianz business, specifically in relation to CBI requirements in the Republic of Ireland.
• Acting as advisory lead in respect of assigned key compliance universe topics for the business areas independently interacting with a variety of stakeholders.
• Ensuring that regulatory requirements and related controls are embedded in the business operations in close collaboration with the business areas and are subject to ongoing risk-based assurance and improvements.

At Allianz Ireland, our Compliance Function is dedicated to delivering cutting-edge practical and appropriate solutions for managing, controlling, and mitigating compliance risks. By joining our team, you will be at the forefront of shaping our compliance strategies and ensuring our continued success in a rapidly changing world. We recognize the unique strengths each team member brings and are committed to creating a role that aligns with your skills and career goals.

Within a highly collaborative environment, you will work closely with a diverse and experienced team of compliance, risk and governance professionals, as well as colleagues from across many functions including the Compliance Business Partners. You will also engage with Allianz Group’s central functions in Germany to ensure alignment and integration of compliance programmes and practices.

Key Responsibilities:

• Maintain an effective and efficient compliance risk monitoring programme and related policies and procedures
• Conduct end-to-end process compliance risk reviews, gap analyses, monitoring and testing across the business to ensure compliance with all applicable regulatory requirements and Allianz Group standards, including but not limited to CPC, DMD, IDD, MCC, Anti-Fraud, Anti-Corruption and Code of Conduct on a regular scheduled basis
• Review policies and procedures, conduct targeted interviews with business owners to gain understanding of the operating environment, conduct risk assessments and document and report on findings
• Provide recommendations with regard to effectiveness, efficiency and best practice and ensure they are properly addressed
• Provide compliance guidance and direction for all business requirements, covering all applicable regulatory requirements including for example but not limited to CPC, MCC, F&P, IDD, Distance marketing & renewal regulations, Sanctions oversight, and also the Group Code of Conduct, Anti-Financial Crime standards
• Provide regular management information and updates on key risks and controls for regulatory and governance requirements
• Ensure assigned compliance tasks under the Compliance Plan are completed within required timeframes
• Provide independent compliance oversight and advisory lead and assist in related 1st line monitoring activities in respect of the product oversight and governance framework, the errors framework and the outsourcing framework within Allianz Ireland
• Review and assess compliance breaches and remediation while working with the business to resolve compliance issues
• Maintain an up-to-date and in-depth knowledge of the current and emerging regulatory requirements as applicable to Allianz Ireland
• Identify areas to increase efficiency of compliance processes (e.g. automation) and reporting (e.g. data-driven dashboards, graphs, visualisation) and proactively take steps to improve
• Mine and analyse large datasets, draw valid conclusions and prepare valuable reports to the management of Allianz Ireland

Essential Experience:

• Professional Certificate or Diploma in Compliance (ACOI)
• 3-5 years’ experience in a Compliance/Audit role with demonstrated knowledge of the regulatory environment
• Excellent collaboration attitude and an ability to work with the business areas to deliver practical and appropriate compliance solutions
• A proactive approach to problem-solving and decision-making and demonstrated experience of delivering highly accurate output in an environment of multiple deadlines
• Excellent communication and report writing skills.

Desirable Experience:

• Financial services experience, preferably within a general insurance firm
• Applicants should have experience in a CF2 role in line with SI 437 of 2011 (Central Bank Reform Act 2010, Regulations 2011)
• Risk/Audit qualification
• Knowledge and experience in advising in the Republic of Ireland (CBI)
• Previous experience in a Compliance Monitoring / Internal Audit/ Risk Management role
• Experience in carrying out compliance reviews and risk assessments for compliance reviews
• Experience in preparation of reports, interview techniques, time management, attention to detail

Regulatory Notice

Appointment to this role will be subject to the requirements provided for by the Central Bank of Ireland.   This role is a Control Function (CF2) and is subject to F&P Standards.  This includes the requirements provided for by the Central Bank (Individual Accountability The successful candidate will be provided with the relevant Conduct Standards (including Additional Conduct Standards) training, where required. 

Allianz plc. is regulated by the Central Bank of Ireland.

58417 | Legal & Compliance | Professional | Non-Executive | Allianz Ireland | Full-Time | Permanent

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. 
We at Allianz believe in a diverse and inclusive workforce and are proud to be an equal opportunity employer. We encourage you to bring your whole self to work, no matter where you are from, what you look like, who you love or what you believe in.
We therefore welcome applications regardless of ethnicity or cultural background, age, gender, nationality, religion, disability or sexual orientation.
Great to have you on board. Let's care for tomorrow.