Head of Legal & Compliance

Entity: Allianz Insurance Singapore
Within a span of just four years, Allianz Insurance Singapore (AIS) has emerged as the fastest-growing General Insurance company, achieving an unprecedented level of success. Since its inception in Singapore, AIS has consistently doubled its revenue year on year, a testament to its unwavering dedication to excellence. AIS takes great pride in being certified as a Great Place to Work, a reflection of our commitment to fostering a thriving and employee-driven business culture.

Description:

The incumbent will be responsible for all aspects of the Legal and Compliance function within AIS. This is a hands on role where the individual will contribute to the development, implementation and oversight of legal, compliance, data privacy and governance matters of the Company. This will include managing and reviewing governance systems, contracts with distribution partners, outsourcing partners and other suppliers, as well as the legal review of customer facing materials.

Key Responsibilities:

• Serve as a strategic legal advisor to Management on a broad range of general insurance matters, translating risk into clear, practical guidance for business decision-making
• Lead end-to-end drafting, review and negotiation of commercial agreements with distribution, outsourcing and supplier partners, ensuring robust protections and commercially balanced terms
• Provide trusted counsel on regulatory and corporate governance requirements, partnering with stakeholders to maintain strong governance and defensible regulatory outcomes
• Oversee contentious matters, disputes and investigations, coordinating internal teams and external counsel to protect the Company’s interests and reputation
• Coach, mentor and develop junior team members, setting clear standards and building a high-performing Legal & Compliance function
• Design, implement and continuously enhance compliance policies, procedures and internal controls to ensure adherence to applicable laws, regulations, industry standards and internal requirements
• Drive rollout of new and updated policies and procedures, and ensure governance activities are executed accurately and on schedule
• Provide timely, pragmatic compliance advice to internal stakeholders, enabling business objectives while maintaining strong risk and control discipline
• Monitor regulatory developments and industry practice; track, interpret and communicate changes, commitments and supervisory expectations to drive compliant implementation
• Lead and/or support internal investigations and remediation activities as required, ensuring thorough documentation, appropriate escalation and timely closure
• Champion and embed the Allianz Group Legal & Compliance framework locally, aligning policies, training and monitoring activities to Group standards
• Act as the Data Protection Officer (DPO), overseeing the Company’s data protection programme and ensuring compliance with applicable data protection requirements
• Advise the business on data protection matters (including privacy-by-design, incidents and third-party risk) and support implementation of fit-for-purpose controls
• Act as the regulatory liaison with the Monetary Authority of Singapore (MAS), coordinating engagements and ensuring clear, timely and accurate communications
• Serve as the primary point of contact for regulators; manage regulatory inquiries, audits and submissions with high quality, responsiveness and appropriate stakeholder coordination
• Provide corporate secretarial support, including governance documentation and Board/committee processes, in line with statutory and internal requirements
• Lead key governance and financial crime risk roles (including anti-fraud and AML coordination) and act as a subject matter resource on capital markets and corporate governance matters

Qualifications and Skills:

• Bachelor's degree in Law
• Minimum 7 years of experience in legal and compliance in the insurance industry 
• Outstanding communication skills across all functions and all levels of the organization, as well as external stakeholders including regulators, distribution partners, and other external partners
• Flexible, collaborative, proactive, creative and entrepreneurial attitude and approach
• Good technical experience in insurance or financial services industry is preferred, ideally in a leadership position
• AI-Skills e.g. ChatGPT and Microsoft CoPilot an advantage

96821 | Legal & Compliance | Management | Allianz Executive | Allianz Singapore | Full-Time | Permanent

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 centre 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 to 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 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.