Legal Counsel Sanctions (m/w/d) in Compliance

Let’s care for tomorrow. 

Your ambitions.  Your dreams.  Your tomorrow 

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

We are looking for a Legal Counsel Sanctions (m/w/d) in Compliance based in Munich, Hamburg or Cologne. 

Please note that the internal job title for this role will be - Compliance Governance Specialist - Economic Sanctions.

Your Team 

At Allianz Commercial our compliance department manages compliance programmes globally, staying abreast of external requirements and internal developments to identify and minimize compliance risks, protecting the interests of the company.  

For candidates applying for locations Hamburg or Cologn, please be aware that our current sanctions team members are based in Munich and London. 

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 also develop standard reports and provide periodic reports to sanctions team, L&C and business and support the sanctions team in various IT driven requests.  

Some of your specific responsibilities could include: 

• Perform Economic Sanctions assessment for business referrals and provide support and guidance to the various business stakeholders. This will involve analysing sanctions laws and regulations, assessing the exposure and providing appropriate guidance, with regular discussions with the Economic Sanctions Unit and stakeholders. 

• Have a sound understanding of the sanctions requirements across business areas and improve the sanctions processes and/or streamlining requirements as the sanctions programme and the operational aspects change. 

• Closely track sanctions developments across the varipis applicable regimes and assessing such developments for impact and required implementation at Allianz Commercial. 

• Prepare the necessary management information reports on the relevant sanctions referrals, trends and developments for the Board, internal stakeholders and the Allianz Group.  

What You’ll Bring to the Role 

• University degree in Law - preferably German fully qualified lawyer or at least 1st State Exam 

• 4-5 years of work experience in economic sanctions or anti-financial crime (AFC) 

• Several years of experience in the insurance/reinsurance business  

• Strong expertise in legal analysis and assessment as well as in providing legal advice 

• Exposure to stakeholder management preferably in a global set up 

• Good understanding of internal controls system, processes and methodology 

• Ability to take initiative and resolve problems with a high degree of autonomy 

• Excellent interpersonal, strong communication and presentation skills, ideally with training experience 

• Solid ability steer and manage topics/initiatives with a cross-functional view 

• Strong ability to work in a team and in an international environment 

• Familiarity with database workflow tools 

• Strong Microsoft Office and Excel skills 

• Fluent English and German language skills (both in spoken and in written) are required 

59694 | Legal & Compliance | Professional | Allianz Commercial | Full-Time | Permanent

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 center of expertise of Allianz Group, insuring mid-sized businesses, large enterprises, and special risks.Our customers include top consumer brands, financial institutions, industry leaders, the global aviation and shipping industries, as well as family-owned and medium-enterprises.We also cover unique risks such as offshore wind farms, infrastructure projects and film productions.Our clients trust us to provide a wide range of traditional and alternative risk transfer solutions, outstanding risk consulting and multinational services, and seamless claims handling.Allianz Commercial helps customers to prepare for what's ahead. 

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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