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Head of Compliance (Fixed Term Contract)

Location London, United Kingdom Date posted 01/20/2026 Job type Full-Time Work mode Hybrid Job level Management & Leadership Job ID 11762 Company Munich Re Specialty - Global Markets Employment type Regular Area of expertise Audit, Compliance & Legal
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About us

At Munich Re Specialty – Global Markets (MRS-GM), it is our ambition to become the leading Primary Specialty Insurance provider, underpinned by an effective and adaptable strategy, superior products and industry leaders working in a supportive environment to achieve this.  

At the heart of our success is a strong culture where people are encouraged to be present, bold and curious, allowing them to achieve their individual goals.  

Please see our website for more information.

Head of Compliance (Fixed Term Contract)

We are currently looking for a Head of Compliance to be based in London on a full-time, fixed term contract basis, reporting into the Chief Risk Officer.

The Head of Compliance will oversee:

  • To ensure compliance with applicable laws and regulations, including monitoring of projected changes in applicable laws and regulations and plans to introduce new regulations
  • To ensure compliance with Munich Re Group business policies and guidelines
  • To work collaboratively, proactively and effectively alongside colleagues within the Legal, Risk and Compliance Function to ensure strong overall governance in the business and value-adding support
  • To ensure that Munich Re Syndicate Limited (‘MRSL’) and the Munich Re Specialty Group (‘MRSG’) intermediaries comply with Lloyd’s / PRA / FCA rules and regulations, Munich Re Group guidelines and any other applicable regulatory requirements on a day-to-day basis.
  • To carry out the function of a board member for MRSIUK and a member of the executive management and other nominated committees of other entities (including but not limited to MRSL). Collectively with other Board members, advise, govern, oversee policy and direction, and assist with the support and oversight of MRSG business activities. For additional GSI4 businesses, ensure the business is compliant with all regulatory and other requirements through effective assurance, monitoring and reporting.

Responsibilities:

  • To satisfy MRSL SMF16 requirements
  • To lead the management and implementation of the Compliance and Financial Crime Polices owned by the function
  • To design and deliver the Compliance Advisory Business Plan, to monitor progress against the plan and provide timely and appropriate reporting to MRSG and legal entity committees and boards and Munich Re Group Central Compliance.
  • Monitor and manage any conflict of interest across the business; specifically identify potential sources of conflicts of interest and promptly address these accordingly
  • To be responsible for the assessment and management of regulatory, compliance and conduct risk across the business, driving good industry practices.  To lead the development and implementation of procedures which are necessary in order to manage this risk to within stated risk appetites. To work with the ERM function to support the development and implementation of the Risk Appetite Statements and associated measures specifically for regulatory, compliance and conduct related risks
  • To be responsible for the management of the FCA’s and PRA’s Risk Assessment/Thematic visits including the subsequent actioning of any regulatory requirements.
  • Provide assurance to the relevant governance on the appropriateness of the Internal Control Framework and its effective implementation across the business
  • To monitor any potential breaches of Lloyd’s byelaws, PRA/FCA requirements and other applicable regulations.
  • Lead the development of training courses tailored to the needs of the various Boards, ExCos and relevant Committees to enhance their oversight of the various regulatory, compliance and conduct related matters as appropriate. Advise, educate, and train employees on matters that are associated with applicable laws and regulations
  • To support implementation and embedding of the Legal, Risk and Compliance Target Operating Model. Work closely with LR&C colleagues and other key stakeholders on new business and change initiatives
  • Manage regulatory engagement and reporting to regulators as required
  • To ensure that relevant regulatory updates from e.g. Lloyd’s / PRA / FCA are reviewed and that appropriate areas in the business are informed and action is taken by them as necessary
  • Understand all appropriate lines of escalation and the responsibilities of the Product Conduct Risk Strategy Group (PCRSG), Underwriting & Claims Sub Committee (UCSC), ExCo and Board for Conduct Risk.
  • Must continue to be “fit and proper” to execute the duties of a director and comply with the requirements of Lloyd’s Byelaws and Codes of Practice.
  • Help drive forward good Conduct for the business to deliver the best outcomes for customers / policyholders

Knowledge and Skills

  • Solid knowledge and understanding of UK regulatory environment including the PRA and FCA. Knowledge of other jurisdictions is an advantage
  • Significant London Market insurance experience working in a compliance / regulatory role, preferably within the Lloyd’s market.
  • Ability to foster and demonstrate a collaborative work ethos within the Legal, Risk and Compliance function and with other parts of the Group, actively promoting close and harmonious working relationships across the business
  • Must be able to evidence strong stakeholder management skills in a challenge and support capacity, and demonstrate flexibility as required.
  • Must have a good change mindset and demonstrate ability to thrive and bring team along in a change environment
  • Must demonstrate accuracy, attention to detail and a diligent approach to work
  • Must be able to work on own initiative, have strong management and organisational skills and be business orientated
  • Excellent oral and written communication skills, including previous evidence of preparing presentation and board reports, appropriate and relative to the recipient audience 
  • Ability to develop strategic views for a department and motivate the team to achieve the goals
  • Excellent influencing and negotiating skills – achieving consensus solutions while delivering challenging goals
  • Ability to develop strategic views for a department and motivate the team to achieve the goals
  • University Degree and/or relevant professional qualification

If you are excited about this role but your experience does not align perfectly with everything outlined, or you don’t meet every requirement, we encourage you to apply anyway. You might just be the candidate we are looking for!

Diversity, Equity & Inclusion

At Munich Re, Diversity, Equity, and Inclusion foster innovation and resilience and enable us to act braver and better. Embracing the power of DEI is at the core of who we are. We recognise diversity can be multi-dimensional, intersectional, and complex, so we want to build a diverse workforce that includes a wide range of racial, ethnic, sexual, and gender identities; economic and geographic backgrounds; physical abilities; ages; life, school, and career experiences; and political, religious, and personal beliefs. Additionally, we are committed to building an equitable and inclusive work environment where this diversity is celebrated, valued, and has equitable opportunities to succeed.

All candidates in consideration for any role can request a reasonable adjustment at any point in our recruitment process. You can request an adjustment by speaking to your Talent Acquisition contact.

Learning and innovating today, striving for sustainable societies and business tomorrow

At Munich Re Specialty – Global Markets our approach to ESG is underpinned by our desire to seize business opportunities and to nurture a stimulating and inclusive work environment. Our ESG strategy aims to deliver holistic impacts across environmental, social and governance topics including supporting a number of local initiatives within our community and offering volunteering opportunities for colleagues.

Learn more about sustainability at Munich Re – choose your impact!

#BePresent #BeBold #BeCurious

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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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