Compliance Governance Specialist (m/f/d) - Economic Sanctions

Job Level:  Professional

Unterföhring (bei München), DE, 85774 München, DE, 81737

Area of Expertise:  Legal & Compliance
Unit:  Allianz Commercial
Employing Entity:  Allianz Global Corporate & Specialty SE
Job Type:  Full-Time
Remote Job:  Hybrid working
Employment Type:  Permanent
ID:  33422


Let’s care for tomorrow.
Your ambitions.  Your dreams.  Your tomorrow.


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


We are looking for a Compliance Governance Specialist (m/f/d) - Economic Sanctions, based in Munich.


Your Team 
The Global Compliance Team manages the Compliance Programmes of the Company whilst keeping abreast of rapidly developing regulatory requirements, business models and stakeholder interests across multiple jurisdictions. As part of the Global Compliance Team, the Compliance Assurance team is responsible for ensuring the Compliance Programmes are both adequately structured and effective. 


The Impact You Will Have 
In this role, you will be reporting to the Compliance Assurance Programme Manager with matrix reporting to the Head of the Sanctions unit. You will perform Economic Sanctions assessments for business referrals and contribute to the assurance actives of the Compliance function with a specific focus on Economic Sanctions.


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.    
  • Bringing together the expertise of the Assurance team and the Economic Sanctions Unit to improve the adequacy and effectiveness of sanctions processes.
  • Maintain the sanctions controls catalogue and perform and/or oversee the testing of such controls under the Integrated Risk and Control framework, working closely with the Risk function, proposing remediation action to the stakeholders and ensuring proper documentation of control descriptions and testing.
  • Applying sanctions expertise in sanctions related discussions and assessments, including Compliance Reviews, Targeted Reviews, Global Compliance Risk Assessments, Risk and Maturity Assessment and being the main liaison for all sanctions related audit discussions.


What You’ll Bring to the Role

  • University Degree in Law - preferably qualified lawyer
  • 3 to 5 years of experience in Sanctions Compliance within the insurance industry
  • Excellent skills in legal analysis and assessment
  • Good understanding of internal controls system, processes and methodology
  • Good understanding of the insurance/reinsurance business
  • Excellent interpersonal, strong communication and presentation skills, ideally with training experience
  • Exposure to stakeholder management preferably in a global set-up
  • Ability to take initiative and resolve problems with a high degree of autonomy
  • Ability steer and manage topics/initiatives with a cross-functional view
  • Familiarity with database workflow tools
  • Fluent English skills are required, German skills would be beneficial


33422 | 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 Allianz Group brand serving the world’s largest consumer brands and major industry players through to family-owned enterprises forming the backbone of nations’ economies. We bring together the corporate multinational business of Allianz Global Corporate & Specialty and the commercial business of national Allianz Property & Casualty entities and provide both traditional and alternative risk transfer solutions, outstanding risk consulting and Multinational services as well as seamless claims handling.  


As a key strategic player in the Allianz Group network, Allianz Commercial is present in over 200 countries and in 2022 generated more than €19 billion gross premium. 


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


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.