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Compliance Manager

Location Munich, Germany Date posted 09/29/2025 Job type Full-Time Work mode Hybrid Job level Professional Job ID 9435 Company Munich Re Specialty - Global Markets Employment type Regular Area of expertise Actuarial & Risk Management
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Description

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.  

Compliance Manager 

We are looking for a Compliance Manager to join our Manchester team on a full time basis. 

As a member of the MRSG Compliance Department, you will assist in making appropriate arrangements for compliance activities throughout the organisation to meet Solvency II, FCA, PRA, Lloyd’s and other applicable regulatory standards.  

You will represent the Compliance function and act as the function lead to provide Compliance oversight, support and challenge to MRSG’s Coverholders, and other key third parties, working with subject matter experts within the Risk & Compliance function as appropriate.

Responsibilities

  • Ensure on-going compliance with the requirements of Lloyd’s, FCA, PRA, CBI, other relevant regulators, and Munich Re Group as required in conjunction with the Head of Compliance Advisory
  • Act as the department lead for oversight, ensuring awareness of Group & regulatory requirements, being the point of contact for the escalation and reporting of any issues or events and provision of support where required
  • Provide Compliance support to MRSG management and other internal stakeholders in respect of key third parties, Coverholders and ARs.
  • Help to identify, and mitigate exposure to regulatory risk, this will include notifying and reporting and evaluating their impact on partner
  • Work collaboratively with the business, legal risk and compliance team members to ensure the best outcomes to resolve issues are implemented.
  • Provide training and mentoring support to junior members of the function.
  • Where necessary assist the  Conduct Risk and Financial Crime teams  in assisting on queries and  regulatory requirements.
  • Responsible for the submission of regulatory returns, notably FCA returns, to ensure timely and accurate compliance with regulatory requirements.
  • Respond to audit queries and requests for information from regulatory bodies, internal audit, and other stakeholder and maintain the regulatory correspondence tracker to ensure that all regulatory communications are properly recorded.
  • Track, review and manage key regulatory changes applicable to MRSG to identify and assess the impact on MRSG whilst working closely with the business to ensure that all regulatory changes and developments are properly understood, assessed and implemented.  
  • Develop and review policies and procedures to ensure regulatory adherence and compliance with industry standards.
  • Provide face-to-face and virtual compliance training to employees and stakeholders to ensure that they are aware of and understand regulatory requirements.
  • Provide compliance support on projects to ensure that regulatory requirements are properly considered and implemented.
  • Work closely with the Head of Compliance to develop, implement and maintain the Compliance Plan, outlining the strategy and key objectives each year.  
  • Manage own workload to ensure internal and external deadlines are met, to agree any extensions with the Head of Compliance and to provide clear status updates on the progress of work and or status of issues.
  • Attend Committee meetings/forums as and when requested and to take minutes of the meetings accordingly.
  • Assist the Head of Compliance Advisory in alerting the Boards of any regulatory issues or concerns with projects or other subject matter areas
  • Support in the review of applicable new and existing external and internal / Group requirements and ensure measures are put in place to comply and processes and procedures updated as necessary.
  • Provide ad hoc advice on Compliance matters to the business, if required. 

Knowledge and Skills

  • Relevant insurer experience working in a compliance /regulatory role, ideally experience working in both insurer and intermediaries
  • ACII qualification or working towards one or qualified by suitable experience in similar roles.
  • Knowledge/experience of working in the Lloyd’s market
  • Understanding of current regulatory environment.
  • Understanding of the work of the other departments within an insurance organisation.
  • Technical insurance knowledge in order to be able to question and challenge syndicate and intermediary staff.
  • Experience of undertaking compliance based reviews on systems and controls.
  • Experience of providing oversight to Appointed Representatives, third parties or DUA arrangements.
  • Excellent understanding of FCA Conduct Risk requirements.
  • Ability to identify regulatory and compliance requirements, provide practical context and support their implementation 


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! 

Benefits

  • 25 days Annual Leave + Bank Holidays
  • 10% Non-contributory Pension
  • Eligibility for an Annual Bonus
  • Private Medical + Dental Insurance
  • Critical illness insurance + Life Assurance + Permanent Health Insurance
  • Wellbeing and Development Scheme + EAP + Health Assessments (subject to scheme eligibility)
  • Electric Vehicle Salary Sacrifice Scheme
  • Study & continuing Professional Development Support
  • Hybrid Working + IT Home Set-up Support

#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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