Local Compliance Officer (m/f/d)

100117 | Legal & Compliance | Professional | Non-Executive | Allianz Services | Full-Time | Permanent

Allianz Services is proud to serve and be part of Allianz Group, one of the world's leading insurers and asset managers. Our global footprint, with more than 8800 employees located across ten countries and four continents, enables us to unlock value for our partners across the insurance value chain and deliver superior client experience within Allianz Group. At Allianz Services, we have a strong specialization in core insurance operations, shared services, business analytics, engineering, and management consulting. Our people and our trusted relationships with partners are what matter most. These are rooted in our values of compassion, integrity, and expertise and we strive to continuously evolve, improve, and deliver excellence while contributing successfully to the transformation of Allianz. Caring actively for the environment, for people, and for our customers is what makes us a great place to work and together we are shaping a better and more caring tomorrow.
Allianz Services is a company which belongs to the legal entity, Allianz Technology SE.   

Role overview

The Local Compliance Officer (LCO) serves as the Compliance Expert for Allianz Services Portugal and Spain, responsible for 2nd Line of Defense oversight and for developing and maintaining an efficient Compliance Management System aligned with Group/Central requirements. The role reports functionally to the Regional Manager / Chief Compliance Officer for Compliance across Allianz Services.

What you do:

• Monitor and maintain the Compliance Program and Compliance Culture.
• Promote awareness of the Allianz Code of Conduct, values, and ethics.
• Advise local Management and Central Compliance on compliance risks and local regulatory impacts.
• Maintain 2nd Line of Defense oversight; support Policy and Standards development.
• Execute strategies to ensure an effective Compliance Management System (CMS).
• Report, escalate, and document breaches of internal rules and external regulations.
• Oversee compliance tools, regulatory change monitoring, and Legal Change Monitoring systems.
• Manage compliance incidents and whistleblowing investigations in coordination with Central Investigators.
• Conduct and coordinate Compliance Risk assessments, control documentation, and testing.
• Collaborate cross-functionally across local, regional, and global Compliance and business teams.
• Represent Compliance in governance meetings and internal committees.
• Manage external consultants on compliance-related matters as needed.

What you bring:

• Law degree from a top-tier institution, or 5+ years in a similar Compliance role
• Minimum 7 years' experience in Financial Services, Insurance, Technology, or IT-Enabled Services (preferred)
• Strong knowledge of Ethics Management, Anti-Corruption, Anti-Fraud, Sanctions, Legal Change Monitoring, and internal investigations
• Excellent English (written & verbal); local language proficiency required
• Understanding of the local legal system is an advantage
• Willingness to travel; global team experience is a plus
• We highly welcome candidates with a genuine interest and affinity for Information Technology (IT) and (Generative) Artificial Intelligence (Gen)AI, as these attributes are considered valuable assets to our team. 

What we offer:

• We offer a hybrid work model which recognizes the value of striking a balance between in-person collaboration and remote working incl. up to 25 days per year working from abroad
• We believe in rewarding performance and our compensation and benefits package includes a company bonus scheme, pension, employee shares program and multiple employee discounts (details vary by location)
• 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
• Flexible working, health and wellbeing offers (including healthcare and parental leave benefits) support to balance family and career and help our people return from career breaks with experience that nothing else can teach.

Allianz Group is one of the most trusted insurance and asset management companies in the world. Caring for our employees, their ambitions, dreams and challenges is what makes us a unique employer. 
We are united by a shared commitment: to put our customers first and at the center of everything we do. Their needs inspire our thinking and guide our actions. 
Together, we can build an environment where everyone feels empowered and confident to explore, grow and shape a better future – for our customers and for the world around us. At Allianz, we stand for unity: we believe that a united world is a more prosperous world, and we are dedicated to consistently advocating for equal opportunities for all. The foundation for this is our inclusive workplace, where people and performance both matter, and where integrity, fairness, inclusion and trust are at the heart of our culture. 
 
We therefore welcome applications regardless of ethnicity or cultural Internal background, age, gender, nationality, religion, social class, disability or sexual orientation, or any other characteristics protected under applicable local laws and regulations.

Join us. Let’s care for tomorrow.