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Chief Compliance Officer, North America

Location Amelia, United States Job type Full-Time Work mode Hybrid Job level Management & Leadership Job ID 10768 Company Munich Re America Services Employment type Regular Area of expertise Audit, Compliance & Legal
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All locations Amelia, United States; Hartford, United States; Princeton, United States;

Chief Compliance Officer, North America

We are adding to our diverse team of experts and are looking to hire those who are committed to building a culture that enables the creation of innovative solutions for our business units and clients.

The Company

Munich Re America Services (MRAS) is a shared service organization that delivers services to all Munich Re US P&C Companies and other group entities.

As a member of Munich Re's US operations, we offer the financial strength and stability that comes with being part of the world's preeminent insurance and reinsurance brand. Our risk experts work together to assemble the right mix of products and services to help our clients stay competitive – from traditional reinsurance coverages, to niche and specialty reinsurance and insurance products.

The Opportunity

Future focused and always one step ahead!

The Chief Compliance Officer, North America is part of the global compliance senior leadership team led by the Head of Global Compliance at Munich Re Munich. Apart from its prescribed responsibilities as Solo Compliance Function in the legal view, which remain unaffected, the Chief Compliance Officer, North America provides oversight to the Group Compliance Function of North American compliance activities by ensuring that the group-wide Compliance Management System (CMS) has been deployed by all Solo Compliance Functions in an effective, efficient and harmonized way within North America meeting both group-wide requirements as well as local requirements and regulatory expectations.

The role will report directly to the MRAS Chief Legal Officer and have a matrixed reporting relationship to the Head of GCL 1.1 (Global Compliance).

Key Responsibilities  

  • Work closely with the Global Compliance organization (GCL1.1) to ensure alignment with group-wide CMS designs and Global Compliance initiatives, sharing knowledge and expertise to drive compliance excellence. Areas of focus include potential financial crime, local laws and regulations governing insurance and related operations, antitrust and unfair competition law and related corporate norms, directives, and other guidance.
  • Directly manage and support Corporate Compliance staff within the MRAS Legal & Compliance department.
  • Lead the drafting and publication of and education of the business about U.S.- and Canada-specific addenda to group organizational norms, directives, and/or other guidance, as needed to account for and comply with relevant local laws and regulations. Monitor implementation for compliance. Regularly review and, if needed, revise local addenda to ensure they remain relevant and current.
  • Through matrixed reporting relationships, oversee and align with Solo Compliance Functions outside MRAS Legal & Compliance in North America to assess local legal and regulatory requirements, including changes, and to enhance group-wide compliance programs, policies, and processes proportionately with local particularities, where necessary.
  • Establish a target operating model and a related regional compliance plan for North America (“NACHO 2.0”) that delivers effective management of local compliance tasks, creates synergies and appropriate standardization across, and fosters collaboration and mutual assistance among local compliance functions.
  • Build and maintain a strong partnership and closely collaborate with the MRAS CLO, their direct reports, and the other North American entities’ legal staff to coordinate related compliance and legal advice and activities.
  • Collaborate with local CEOs/business heads and their respective Chief Compliance Officers, General Counsels or other compliance personnel and/or lead lawyers as appropriate to drive a compliance culture and allocate resources, evaluate and determine staffing needs, and establish a compliance budget that supports the entity's objectives.

Skills and Qualifications

  • At least 10 years proven professional experience in compliance roles with multinational property and casualty insurance or reinsurance organizations with significant U.S. operations. Familiarity with both commercial and personal lines preferred. Familiarity with life and health insurance a plus.
  • Strong knowledge of U.S. federal and state local regulatory frameworks relevant for various businesses within the RI-Group of Munich Re. Familiarity with Canadian federal and provincial legal and regulatory frameworks a plus.
  • Proficiency with Archer regulatory and compliance management software and Munich Re’s other CMS components.
  • Demonstrated experience with sanctions screening and related reporting.
  • Strong ethical standards and commitment to following, championing, and enforcing corporate values, norms, and directives.
  • Executive-level judgment and discretion. Excellent leadership and communication skills, including ability to effectively explain complex compliance issues in plain language to business leaders and employees.
  • Strong ability to work collaboratively within a global organization, across multiple dimensions – geographical, functional, divisional and entity.
  • Proficiency in English (written and spoken).

The Company is open to considering candidates in numerous locations, including Princeton (NJ), Amelia (OH), and Hartford (CT). The salary range posted below reflects market variations across various locations. The offer will be adjusted per geography.

The base salary range anticipated for this position is $277,600 - $407,100, plus opportunity for company bonus based upon a percentage of eligible pay.  In addition, the company makes available a variety of benefits to employees, including health insurance coverage, an employee wellness program, life and disability insurance, 401k match, retirement savings plan, paid holidays and paid time off (PTO). 

The salary estimate is adjusted to reflect the varying market conditions across different locations, with the with the higher end being more aligned with the Princeton, NJ job market.  Factors that may be used to determine your actual salary include your specific skills, how many years of experience you have and comparison to other employees already in this role. Most candidates will start in the bottom half of the range.

 At Munich Re, we see Diversity, Equity and Inclusion as a solution to the challenges and opportunities all around us. Our goal is to foster an inclusive culture and build a workforce that reflects the customers we serve and the communities in which we live and work. We strive to provide a workplace where all of our colleagues feel respected, valued and empowered to achieve their very best every day. We recruit and develop talent with a focus on providing our customers the most innovative products and services.   

We are an equal opportunity employer. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

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Your Benefits

With us, you get more than just an exciting job. Enjoy a wide range of employee benefits tailored to your wellbeing and development. Please note that regional differences may apply.

Competitive Salary

We provide fair and competitive compensation that reflects your performance and commitment.

Company performance-based Incentives

In addition to your salary, our variable compensation approach allows you to share in Munich Re's success.

Recognition and Special Rewards

We recognise outstanding individual contributions through a variety of targeted rewards and incentives.

Retirement Planning

We support your long-term financial wellbeing with retirement solutions aligned with local regulations.

Inclusive Workplace Culture

We foster a respectful, inclusive, and values-driven environment.

Learning & Development

We offer tailored learning opportunities with a strong focus on core skills and business-critical knowledge.

Work-Life-Balance

Supporting your ability to balance family, leisure, and your career.

Health & Wellbeing

We support your physical and mental health through a range of programs and activities in each location.

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