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Legal Counsel Sanctions in Compliance, Greater London
Location: Greater London, United Kingdom
Job Category:
Other
EU work permit required:
Yes
Job Reference:
78a688e58381
Job Views:
4
Posted:
03.03.2025
Expiry Date:
17.04.2025
Job Description:
Legal Counsel Sanctions in Compliance
Let’s care for 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 in Compliance, based in London.
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.
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 assessments for business referrals, engaging 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 the sanctions team, L&C and business, and support the sanctions team in various IT-driven requests.
Some of your specific responsibilities could include:
1. Perform Economic Sanctions assessments for business referrals and provide support and guidance to various business stakeholders. This will involve analysing sanctions laws and regulations, assessing exposure and providing appropriate guidance, with regular discussions with the Economic Sanctions Unit and stakeholders.
2. Have a sound understanding of the sanctions requirements across business areas and improve the sanctions processes and/or streamline requirements as the sanctions programme and operational aspects change.
3. Closely track sanctions developments across the various applicable regimes and assess such developments for impact and required implementation at Allianz Commercial.
4. Prepare the necessary management information reports on relevant sanction referrals, trends and developments for the Board, internal stakeholders, and the Allianz Group.
What You’ll Bring to the Role
1. University degree in Law - preferably UK fully qualified lawyer
2. 4-5 years of work experience in economic sanctions or anti-financial crime (AFC)
3. Several years of experience in the insurance/reinsurance business
4. Strong expertise in legal analysis and assessment as well as in providing legal advice
5. Exposure to stakeholder management preferably in a global setup
6. Good understanding of internal controls systems, processes, and methodology
7. Ability to take initiative and resolve problems with a high degree of autonomy
8. Excellent interpersonal, strong communication and presentation skills, ideally with training experience
9. Solid ability to steer and manage topics/initiatives with a cross-functional view
10. Strong ability to work in a team and in an international environment
11. Familiarity with database workflow tools
12. Strong Microsoft Office and Excel skills
13. Fluent English language skills (both in spoken and written) are required
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.
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 [emailprotected]
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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