Head of Legal and Compliance - Canada

Allianz Commercial; Toronto; Hybrid; CAD 200,000 - 250,000; Full time

Job summary

Allianz Commercial is seeking a Head of Legal and Compliance to provide leadership in managing legal and compliance matters throughout Canada. The ideal candidate will have significant experience in (re)insurance law, with a proven record in strategic oversight and compliance management to ensure alignment with Canadian regulatory standards.

Benefits

Generous bonus scheme

Pension plan

Flexible working arrangements

Health and wellness benefits

Qualifications

• Minimum 10 years in (re)insurance law across multiple business areas.
• Demonstrable experience in compliance programs and regulatory law.
• Expert in corporate and contract law in Canada.

Responsibilities

• Provide strategic legal and compliance support to Canadian operations.
• Manage and oversee legal compliance matters and regulatory interface.
• Coordinate legal policies and procedures as per Canadian laws.

Skills

Strategic Leadership

Compliance Management

Legal Expertise

Risk Assessment

Regulatory Interface

Education

Canadian Law Degree

Job description

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We are looking for aHead of Legal and Compliance - Canada

The Impact You Will Have :

The Head of Legal and Compliance will to provide strategic and operational legal and compliance leadership to Canada. You will serve as senior leader of the Legal and Compliance governance function, work with senior business leaders in assuring legal and compliance support for the company's objectives. You will coordinate and introduce legal and compliance related policies and procedures regarding specific areas of Canadian law, federal and provincial regulations and Allianz Commercial and Allianz Standards. You will assess legal and compliance risks and gaps, and oversee the company's processes as they relate to legal and compliance policies though active governance oversight. You will also coordinate reporting of legal and compliance matters to regulators, the Chief Agent, Allianz Commercial NA Legal function and Allianz Group areas.

Some of your specific responsibilities could include :

• Serving as a member of the Canada Leadership Team (“CLT”) and Canada Steering Committee (“CSC”), proactively providing regional governance and strategic advice;
• Managing Canadian legal and compliance matters, including identifying, assessing and managing legal, reputational and regulatory risks relating to Canada’s business areas, as well as serving as primary Regulatory interface;
• Providing legal support and advice to Finance North America ‘NA’ / Canada and the Canada Operations Team;
• Coordinating and collaborating with Legal & Compliance NA, Global L & C, and other Allianz Commercial L&C areas as required;
• Participating in oversight meetings and activities such as the Canada Branch Steering committee, Branch leadership meetings, and supporting management and board reporting as required;
• Providing day-to-day guidance and strategic legal advice to all levels of Canada branch staff and senior management as required, as well as related support areas such as Finance, Risk, Actuarial, IT, Internal Audit, Reinsurance and Procurement on various matters;
• Leveraging Canadian law expertise in related areas such as Claims, extra contractual litigation and human resources as needed;
• Managing matters outsourced to external legal counsel In collaboration with NA Legal;
• Participating actively in Canadian branch contract activities, including reviewing, drafting and assisting with negotiations of various agreements as needed, ensuring compliance with any applicable laws (including OSFI Guidelines);
• Overseeing branch’s corporate maintenance, business licenses and corporate governance records;
• Overseeing and assessing the performance of any outsourced functions (Risk, Actuarial, Accounting, Compliance Audit);
• Providing advice on Canadian product development, (re)insurance policy wordings, interpretations and revisions across all lines of business, including endorsements and other policy-related wordings, with a focus on specific country law;
• Reviewing and drafting distribution contracts (Broker Contracts, Program Contracts, MGA Contracts) in line with US and Canadian standards and practices, and providing support to LOBs and Broker Management team on the negotiation of such contracts as needed;
• Advising and assisting on marketing and communications related to trademarks, advertising, marketing, brand and products;
• Keeping abreast of Canadian industry / regulatory trends, legislative / regulatory developments and changes, and providing LOBs and other business units with advice on anticipated changes in legal / regulatory requirements affecting their business and operations;
• Supporting the branch on regulatory audits, market conduct, licensing and regulatory filings;
• Serving as Ombudsperson for AGRUS and Allianz Life and Chief Agent of the Allianz Life Canadian runoff operation;
• Representing the branch at industry association committees and working groups as required, including the Insurance Bureau of Canada, the Global Commercial Insurers Association and others;
• Operating in a risk management capacity and serving as the lead on regulator data calls and surveys on risk areas such as climate change and cyber risk;
• Organizing compliance processes in Allianz Commercial Canada in collaboration with Compliance NA and Global Compliance;
• Performing compliance activities and investigations in line with general guidelines set by the Global Head of Legal & Compliance and / or Global Compliance Officer;
• Participating in Compliance meetings and providing support on compliance reviews conducted by Compliance NA or Global Compliance;

What You’ll Bring To The Role

• A minimum of 10 years of practical experience within Canada in (re)insurance law across multiple lines of business and areas (underwriting, claims, reinsurance, broker relations) and contract law;
• Demonstratable expert experience of insurance law across multiple jurisdictions;
• Practical experience with Canada Corporate Law, insurance supervisory law, implementation of compliance programs and with Canada (re)insurance law;
• High degree of autonomy and ability to work in an international matrix organization;
• Strong business acumen and client service approach;
• Ability to build and maintain relationships across various lines of business and with external cooperation partners;
• Excellent verbal and written communications skills;
• Ability to take initiative and resolve problems;
• Ability to utilize AI tools to support day-to-day tasks, improve efficiency and contribute to data-driven decision making; and
• Canadian Law Degree and member in good standing of the Ontario Bar Association.

The annualized base pay range for this role is $200,000 - $250,000. The annual base salary range represents a nationwide market range. The actual salary for this position may be above and will be determined by a number of factors, including the scope, complexity and location of the role, the skills, education, training, credentials and experience of the candidate. The base pay is just one component of the AzC total compensation package. As part of our comprehensive compensation and highly rated benefits programs, employees are also eligible for annual performance-based cash incentive awards.

75483 | Legal & Compliance | Management | Allianz Commercial | Full-Time | Permanent

What’s in it for you?

Let’s Care About Everything That Makes You, You

We are committed to nurturing an inclusive environment where everyone feels they belong. We offer a hybrid working model, which recognizes the value of striking a balance between in-person collaboration and remote working. Please feel free to discuss flexible working arrangements with us.

Let’s care for your financial wellbeing

We believe in rewarding performance with a great compensation and benefits package (details vary by location), including a generous bonus scheme and pension.

Let’s care for your opportunities to progress

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.

Let’s care for life’s twists and turns

From our support for flexible working, health and wellbeing (including private healthcare and generous parental leave benefits), to helping people return from career breaks with experience that nothing else can teach. We've got your back.

Let’s care for our society and our planet

With opportunities to be engaged in shaping a future that is safe, inclusive and sustainable, we care for the tomorrows of our people, our industry and our clients.

Care to join us?

Allianz Commercial is the Allianz Group brand serving the world’s largest consumer brands and major industry players through to family-owned enterprises forming the backbone of nations’ economies. We bring together the corporate multinational business of Allianz Commercial and the commercial business of national Allianz Property & Casualty entities and provide both traditional and alternative risk transfer solutions, outstanding risk consulting and Multinational services as well as seamless claims handling.

As a key strategic player in the Allianz Group network, Allianz Commercial is present in over 200 countries and in 2024 generated more than €18 billion gross premium.

Learn more about careers at Allianz Commercial by clicking here.

Learn more about Allianz Commercial by clicking here.

Allianz is an equal opportunity employer, and therefore welcomes applications regardless of ethnicity or cultural background, age, gender, nationality, religion, disability, sexual orientation or any other protected characteristic. Diversity of thinking is an important part of our culture.

People with disabilities :

We want to give all our candidates the best opportunity to succeed. If you need any adjustments to be made during the application and selection process, please email Allianz [emailprotected]

Recruitment Agencies :

Allianz Commercial has an in-house recruitment team, which focuses on sourcing great candidates directly. Allianz Commercial does not accept unsolicited resumes from agency or search firm recruiters. Fees will not be paid in the event a candidate submitted by a recruiter without an agreement in place is hired. When we do use agencies, we have a PSL in place, so please do not contact managers directly. Failure to comply could / may result in the disqualification of the candidates and / or the termination of our contract and / or fees not being paid.

Seniority level

Seniority level

Not Applicable

Employment type

Employment type

Full-time

Job function

Job function

Legal

Financial Services and Insurance

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