Compliance Counsel (m/w/d)*

Munich Re's global Compliance team lives and shapes integrity. Within Global Compliance, Global Programs & Compliance DE is a dedicated team with end-to-end responsibility for specific compliance programs. The team provides compliance subject matter expertise across Munich Re units on topics such as financial sanctions, anti-money laundering, corruption, conduct compliance, ESG and external staff.
We are looking for a Compliance Counsel to help establish and continuously develop Munich Re's future Group AML Function. This role offers the opportunity to contribute to a consistent, risk-based AML framework across Munich Re, ERGO and MEAG, while working closely with AML mirror functions, business units, senior stakeholders, auditors and regulators.

Your Job

• Support the establishment and continuous development of Munich Re's future Group AML Function, shaping group-wide governance, roles, responsibilities and interfaces with AML mirror functions across the Group
• Coordinate group-wide AML data and information flows and further develop management and governance reporting for relevant stakeholders
• Contribute to the design, implementation and enhancement of group-wide AML norms, processes, controls and risk assessment methodologies
• Support regular and event-driven AML risk assessments and help promote a consistent, risk-based approach to AML governance across Munich Re, ERGO and MEAG
• Monitor regulatory developments, conduct AML-related impact assessments and gap analyses, and translate new requirements into practical group-wide guidance and central interpretations
• Support risk-based monitoring activities and reviews that strengthen the adequacy and effectiveness of the group-wide AML framework
• Advise internal stakeholders on AML-related governance, risk assessment, reporting and controls, and contribute to AML training and awareness initiatives
• Support internal and external audits as well as supervisory reviews at group level, including preparation, coordination, documentation and follow-up of findings and remediation measures
• Contribute to strategic AML projects and internal working groups, particularly in relation to the new EU AML framework and Munich Re's future Group AML operating model

Your Profile

• University degree in Law, Business Administration, Economics, Insurance Management or a comparable discipline
• Relevant professional experience in anti-money laundering, preferably gained in a compliance, AML officer, audit or regulatory function and ideally within insurance or the broader financial services sector
• Sound understanding of AML governance, compliance management systems, internal controls and regulatory reporting requirements
• Practical experience in designing, implementing or monitoring AML frameworks, norms and controls in an international or group-wide environment
• Strong knowledge of AML regulatory requirements and market standards; experience with BaFin-regulated entities or the insurance sector would be an asset
• Relevant AML certifications or qualifications are considered an advantage
• Strong analytical and conceptual skills, with the ability to structure complex regulatory topics and translate them into pragmatic, risk-based and implementation-oriented solutions
• Very good stakeholder management and communication skills, with the ability to engage effectively across different audiences
• Structured, proactive and solution-oriented working style, combined with a high level of personal responsibility and the ability to take ownership of new and evolving topics
• Excellent command of German and English, both written and spoken

Application Instructions

In order to consider your application, we require your application to be submitted via our online applicant portal. In addition to uploading your CV, we recommend writing a cover letter to tell us more about why the position is of interest to you.

About us

As the world's leading reinsurance company with more than 16,000 employees at over 50 locations, Munich Re introduces a paradigm shift in the way you think about insurance. By turning uncertainty into a manageable risk we enable fundamental change. Join us working on topics today that will concern society tomorrow, whether that be climate change, major construction projects, medical risk assessment or even space travel.
Together we embrace a culture where multiskilled teams dare to think big. We create the new and the different for our clients and cultivate innovation.
Sounds like you? Push boundaries with us and be part of Munich Re.
Our employees are our greatest strength. That's why we offer them a wide range of benefits. You can find some examples below.

Unlock your potential

• Diversity, Equity & Inclusion: we embrace the power of differences and are convinced that diversity fosters innovation and resilience and enables us to act braver and better.
• Continuous Learning: we believe that continuous learning is a key differentiator and critical for building new skills and accelerating growth.
• Career Mobility: we actively support career mobility, and our strong global and regional presence offers a wealth of career growth opportunities for you.

Rewards & Recognition

• Competitive salary: appropriate compensation for your high level of commitment.
• Retirement provision: state of the art in-house pension solutions.
• Work-life balance: promoting the compatibility of family and work in addition to overall work-life balance.
• Health management: focus on your physical and mental health far beyond legal requirements.
• Hybrid working: living the best of both worlds - we offer you a very flexible approach as well as the opportunity to work from abroad on an occasional basis.

* Munich Re not only stands for fairness with regard to its clients; it is also an equal opportunities employer. Severely disabled candidates will also be prioritized, if equally qualified.

Münchener Rückversicherungs-Gesellschaft
Sascha Srbecky
Talent Acquisition Partner