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Job Description
Compliance Specialist role at Allianz Ireland requires a skilled professional to provide independent compliance oversight and advisory lead in a dynamic environment.
As a Compliance Specialist, you will play a pivotal role in the 2nd line Compliance function, reporting directly to the Head of Compliance. 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.
Key responsibilities also include:
- Maintaining an effective and efficient compliance risk monitoring programme and related policies and procedures.
- Conducting 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.
- Reviewing policies and procedures, conducting targeted interviews with business owners, conducting risk assessments, and documenting and reporting on findings.
- Providing recommendations with regard to effectiveness, efficiency, and best practice, and ensuring they are properly addressed.
- Providing compliance guidance and direction for all business requirements, covering all applicable regulatory requirements.
- Providing regular management information and updates on key risks and controls for regulatory and governance requirements.
- Ensuring assigned compliance tasks under the Compliance Plan are completed within required timeframes.
- Providing independent compliance oversight and advisory lead, and assisting in related 1st line monitoring activities.
- Reviewing and assessing compliance breaches and remediation, while working with the business to resolve compliance issues.
- Maintaining an up-to-date and in-depth knowledge of current and emerging regulatory requirements as applicable to Allianz Ireland.
- Identifying areas to increase efficiency of compliance processes and reporting, and proactively taking steps to improve.
- Mining and analysing large datasets, drawing valid conclusions, and preparing valuable reports to the management of Allianz Ireland.
Essential experience includes:
- 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 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 includes:
- 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.
Allianz Ireland is a leading insurance company, committed to delivering cutting-edge compliance solutions. As a Compliance Specialist, you will be part of a highly collaborative environment, working closely with a diverse and experienced team of compliance, risk, and governance professionals.