Compliance Specialist

at  Allianz

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

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

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