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Compliance Advisor

Remote, Madrid·Full-time·Added 3 days ago (last checked 26 Oct)

Allianz

182 open roles

Our summary

Work mode
Remote (Madrid)
Contract
Full-time
English
Required
Education
University degree
Benefits
Gym access

Visa options

  • The ad rules out sponsorship

    The advert says visa sponsorship isn’t available for this role.

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Skills

This job advert was originally written in Spanish.

Requirements

What we're looking for

What does BBVA Allianz need from you?

  • University degree in Law, Business Administration and Management, Economics, Actuarial Sciences, or related disciplines.
  • Previous experience in Compliance, Internal Audit, Risk, Internal Control, or regulatory areas within the insurance or financial sector.
  • Knowledge of regulations and regulatory frameworks applicable to the insurance sector.
  • Knowledge of non-financial risk management and internal control systems.
  • Strong analytical skills and attention to detail.
  • Ability to interpret and translate complex regulatory requirements into business environments.
  • Communication and influence skills with interlocutors from different areas.
  • High level of English, both oral and written.

Nice to have

  • Knowledge of the Insurance Distribution Directive (IDD) and Product Oversight & Governance (POG) regulations.
  • Experience in Compliance Testing, Quality Assurance, and Compliance reviews.
  • Knowledge of customer protection frameworks, Fair Value, and Conduct Risk.
  • Experience in Compliance risk management and internal control methodologies.
  • Professional certifications related to Compliance, Risk, or Audit.
  • Advanced proficiency in analysis and reporting tools.

Pay & benefits

What you'll get

✅ Hybrid working model and flexible hours.

✅ Continuous training and access to professional development opportunities.

✅ Teleworking compensation and meal allowance.

✅ Extensive social benefits package.

✅ Discounts on Allianz products.

✅ Allianz Group share purchase program.

✅ Wellhub to promote physical and emotional well-being.

✅ Free coffee, fruit, and snacks in the office.

✅ Access to digital tools and innovation initiatives that favor continuous learning.

✅ Diverse, inclusive, and collaborative environment to develop your maximum potential.

The role

Compliance Advisor | BBVA Allianz

At BBVA Allianz, we believe that our customers' trust is built on a solid culture of compliance, integrity, and protection. We are looking for a person who wants to develop their career in a dynamic and international environment, actively contributing to the strengthening of the Compliance function and the responsible management of the business.

You will be part of the Legal & Compliance team, collaborating with different areas of the company to ensure adaptation to regulatory changes, the correct management of Compliance risks, and the protection of our customers' interests.

As a Compliance Advisor, you will integrate into the Legal & Compliance team, reporting to the person responsible for the area.

What you'll do

What will you do at BBVA Allianz?

  • Perform horizon scanning activities to identify early national and European regulatory developments relevant to the company.
  • Document and monitor regulatory changes using corporate management tools.
  • Supervise and challenge the assessments carried out by business areas regarding the impact of new regulatory obligations.
  • Review the adequacy of proposed implementation measures and perform plausibility assessments.
  • Verify the correct implementation of regulatory requirements through Compliance reviews.
  • Evaluate materiality and non-compliance risk considering probability, financial impact, and reputational impact.
  • Develop, implement, and maintain local Compliance policies, standards, and procedures.
  • Ensure the proper application of the requirements and standards defined by Allianz Group.
  • Participate in the updating of the internal regulatory and control framework.
  • Collaborate in the documentation and maintenance of Compliance corporate governance procedures.
  • Participate in Compliance risk assessments and identify emerging risks.
  • Define and monitor non-financial risk mitigation plans.
  • Contribute to the risk appetite framework and the management of operational risks associated with Compliance.
  • Design, plan, and execute the Compliance Quality Assurance program.
  • Prepare and maintain the Compliance Controls Catalogue and the corresponding testing guides.
  • Execute Design Effectiveness (ToD) and Operating Effectiveness (ToE) tests on key controls.
  • Coordinate actions with Internal Audit on matters related to Compliance.
  • Perform general and specific reviews of business areas.
  • Supervise compliance with control and corporate governance procedures.
  • Analyze and supervise Customer Protection KRIs.
  • Participate in the Annual Product Review from a Compliance perspective.
  • Supervise aspects related to IDD, POG, Fair Value, and vulnerable customers.
  • Monitor commercial practices and communications with customers.
  • Monitor supervisory trends and regulatory initiatives driven by EIOPA and other supervisory bodies.
  • Promote a solid Compliance culture through training and awareness initiatives.
  • Design and deliver training programs adapted to different groups within the organization.
  • Drive awareness campaigns that foster ethical behavior and regulatory compliance.
  • Actively promote the Code of Conduct and Allianz's integrity values.
  • Collaborate cross-functionally with functions such as Risk, Internal Audit, Actuarial, and Business.

How you'll work

108722 | Legal and compliance | Professional / Senior | Non-Executive | Allianz Spain | Full-time | Permanent

Hiring process

1 interview

  • Recruiters usually contact you within two weeks of applying.
  • Interviews assess professional skills, potential and soft skills for culture fit.
  • Recruiter contact within two weeks of applying.

About Allianz

Allianz is a global financial services giant and one of the world's largest insurers, offering a wide range of insurance and asset management products to individuals and businesses. With over 150,000 employees and operations in more than 70 countries, Allianz is a category-defining leader in the insurance industry, known for its strong brand and financial stability.

In Spain, Allianz operates through several entities, including Allianz Seguros, Allianz Direct, and a joint venture with BBVA, with offices in Madrid and Barcelona. The company is a major employer in the Spanish insurance market, offering roles in areas such as underwriting, claims, IT, data, AI, and cybersecurity. For international professionals, Allianz Spain provides opportunities to work in a multicultural environment, with many roles requiring English or German, and offers competitive benefits and career development programs.

Industry
Insurance
Founded
1890
Employees
100,000+
Headquarters
Munich, Germany
In Spain
Madrid, Barcelona

Good to know if you are moving

  • Allianz Spain has offices in Madrid and Barcelona, with a significant IT and digital hub in Barcelona.
  • Many roles in Spain require German or English, making it accessible for international professionals.
  • Allianz is known for its strong focus on digital transformation, with many opportunities in AI, cloud, and cybersecurity.
  • The company offers competitive relocation support and international career mobility within the Allianz group.
  • Allianz has a joint venture with BBVA in Spain, creating a unique bancassurance environment.

In their own words

Additional information

At Allianz, we believe in the potential of people and in the diversity of experiences. If you identify with this opportunity and believe you can add value to the team, we encourage you to submit your application even if you do not meet all the requirements. We want to know your talent, your motivation, and your capacity for professional development.

At Allianz, we actively promote diversity, inclusion, and equal opportunity. All applications will be considered without distinction of gender, age, origin, nationality, disability, sexual orientation, identity, or any other legally protected condition. Our goal is to continue building an environment where every person can fully develop and contribute their best version.

The Allianz Group is one of the world's most trusted insurance and asset management companies. Caring for our employees, their ambitions, dreams, and challenges is what makes us a unique employer.

We are united by a shared commitment: putting our customers first and at the center of everything we do. Their needs inspire our thinking and guide our actions. Together, we can build an environment where everyone feels empowered and confident to explore, grow, and shape a better future, for our customers and for the world around us.

At Allianz, we champion unity: we believe that a united world is a more prosperous world, and we are dedicated to constantly advocating equal opportunities for everyone. The foundation of this is our inclusive workplace, where people and performance matter, and where integrity, fairness, inclusion, and trust are at the heart of our culture.

We therefore welcome applications regardless of ethnicity or cultural background, age, gender, nationality, religion, social class, disability, or sexual orientation, or any other characteristic protected under applicable local laws and regulations.

We are delighted to have you on board. Let's care for tomorrow.

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