Financial Compliance IT Sr Manager

Munich Reinsurance America, Inc; Hartford (CT); Hybrid; USD 140,000 - 190,000; Full time

Benefits offered by this job

Professional Training & Certification

Diversity, Equity & Inclusion

Continuous Learning

Career Mobility

Job summary

Munich Reinsurance America, Inc. is seeking a Financial Compliance IT Sr Manager to lead technology compliance and controls within the regional Financial Compliance Unit.

The role covers design, governance, and continuous improvement of IT controls supporting Model Audit Rule requirements. The position collaborates with Finance, IT, Internal Audit, Risk Management and external auditors, overseeing IT MAR control testing, remediation planning and ensuring regulatory readiness.

Qualifications

• Bachelor's degree in MIS or related field.
• 7+ years of relevant work experience.
• Strong knowledge of audit and internal control concepts, including application controls, infrastructure security and general IT process controls.
• Strong written and verbal communication skills, with the professional presence to document and present findings to leadership and stakeholders.
• Strong organizational skills and ability to manage multiple priorities and regulatory deadlines.
• Demonstrated ability to collaborate and implement IT control improvements.

Responsibilities

• Lead IT MAR Control Testing: Manage Annual Financial Reporting Model Audit Rule control testing within the regional Financial Compliance framework.
• Plan Resources and Workloads: Support resource planning and workload management for IT compliance testing and remediation activities.
• Develop the Team and Testing Approach: Manage and develop team members, establish IT application scoping and test plans, review testing and conclude on control effectiveness with leadership.
• Maintain Testing Quality: Review testing templates, working papers and evidence for alignment with standards.
• Partner with IT Management: Serve as the liaison for IT internal controls and business processes; monitor changes to keep the IT Risk and Control Matrix current.
• Communicate Findings and Support Remediation: Clearly communicate control weaknesses and assist stakeholders with remediation.
• Track Program Activity: Monitor progress, results and key decisions related to IT MAR activities.
• Coordinate Remediation: Facilitate IT MAR remediation workstreams across stakeholders.

Skills

IT controls knowledge

Audit concepts

Communication skills

Stakeholder management

Education

Bachelor's degree in MIS or related field

Job description

All locations

Hartford, United States; Amelia, United States; Princeton, United States;

Location

Princeton, New Jersey, Cincinnati, Ohio or Hartford, Connecticut - Hybrid work model in office 40%-50%

Sponsorship

Applicants must be authorized to work in the United States on a permanent basis without requiring employer sponsorship now or in the future. At this time, we are unable to consider candidates who require current or future sponsorship, including Optional Practical Training (OPT) or Curricular Practical Training (CPT).

Job Overview

The Financial Compliance IT Sr Manager serves as the lead technology compliance and controls manager within the regional Financial Compliance Unit. This role oversees the design, execution, governance and continuous improvement of IT compliance activities supporting Model Audit Rule requirements.

Acting as the primary liaison across Finance, Information Technology, Internal Audit, Risk Management, Information Security and external auditors, this position helps ensure the effectiveness of technology controls supporting financial reporting. The role leads testing of IT General Controls, application controls and automated controls, while coordinating issue remediation and regulatory readiness activities. This position reports to the Head of Financial Compliance.

Key Responsibilities

• Lead IT MAR Control Testing: Manage Annual Financial Reporting Model Audit Rule control testing within the regional Financial Compliance framework.


• Plan Resources and Workloads: Support resource planning and workload management for IT compliance testing and remediation activities.


• Develop the Team and Testing Approach: Manage and develop team members, establish IT application scoping and test plans, review assigned testing and conclude on control effectiveness in coordination with the Head of Financial Compliance.


• Maintain Testing Quality: Review testing templates, working papers and supporting evidence for alignment with established testing standards.


• Partner with IT Management: Serve as the primary point of contact for understanding IT internal controls and business processes, and monitor process and system changes to keep the IT Risk and Control Matrix current.


• Communicate Findings and Support Remediation: Clearly communicate control weaknesses and gaps, provide practical recommendations and assist stakeholders with remediation efforts.


• Track Program Activity: Monitor progress, results and key decisions related to IT MAR activities.


• Coordinate Remediation: Facilitate IT MAR remediation workstreams across relevant stakeholders.

Qualifications

• Bachelor's degree required, preferably in Management Information Systems or a related field.


• 7+ years of relevant work experience.


• Strong knowledge of audit and internal control concepts, including application controls, infrastructure security and general IT process controls.


• Ability to assess complex, interrelated situations, understand downstream impacts and develop value-added recommendations.


• Strong written and verbal communication skills, with the professional presence to document and present status, findings, conclusions and recommendations to Financial Compliance leadership, IT and other stakeholders.


• Strong organizational skills and attention to detail, with the ability to manage multiple priorities while meeting internal milestones and regulatory deadlines.


• Demonstrated ability to collaborate, build stakeholder relationships and implement solutions for identified IT control gaps.

Preferred Qualifications

• Insurance industry certification or professional designation.


• Experience operating in a regulated environment involving internal controls over financial reporting.


• Ability to communicate complex technology risk and control matters to technical and non-technical audiences.

About Us

As the world's leading reinsurer with more than 11,000 employees at over 50 locations, Munich Re introduces a paradigm shift in the way you think about insurance. By turning uncertainty into a manageable risk, we enable fundamental change. Join us in working on topics today that will concern society tomorrow, whether that be climate change, major construction projects, medical risk assessment or even space travel.

Together, we embrace a culture where multiskilled teams dare to think big. We create the new and the different for our clients and cultivate innovation. Sounds like you? Push boundaries with us and be part of Munich Re. Our employees are our greatest strength. That is why we offer them a wide range of benefits.

Benefits

• Professional Training & Certification: We support the development of your professional profile through customized training and certification opportunities.


• Diversity, Equity & Inclusion: We embrace the power of differences and believe diversity foster innovation and resilience.


• Continuous Learning: We believe continuous learning is critical for building new skills and accelerating growth.


• Career Mobility: We actively support career mobility, and our global and regional presence provides a wealth of growth opportunities.

At Munich Re US, we see Diversity 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 colleagues feel respected, valued and empowered to achieve their very best every day.

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

The Company is open to considering candidates in Princeton, NJ. The salary range posted below applies to the Company's Princeton location.

The base salary range anticipated for this position is $140,000 - $189,900 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 displayed represents the typical salary range for candidates hired in this position in Princeton. 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.