Senior Legal Counsel, Alternative Risk Transfer (ART)

Senior Legal Counsel - ART

Location: Munich, Germany or Wallisellen, Switzerland

Your Team

Allianz Commercial's dedicated Alternative Risk Transfer (ART) team delivers personalized solutions for our clients as they manage, control, and reduce risk. These solutions include multi-year, multi-line insurance products, as well as fronting and captive reinsurance services.

The Impact You Will Have

Based in either Munich or Wallisellen and reporting directly to the Head of Legal ART, you will provide legal and transaction-specific expert advice, including legal sign-off on regulatory matters such as cross-border regulatory and licensing issues and risk-transfer requirements. You will assess the legality and enforceability of structural features, including insurable interest, parental indemnification agreements, tying of limits, accelerated and additional premium features, assignment of rights, and offset rights.

You are globally responsible for distribution, intermediary management, and market conduct. This includes establishing and executing global ART Line of Business (LoB) guidelines and providing sign-off on relevant agreements.

Your Specific Responsibilities

• Transaction Support: Guide global ART LoB business units in negotiating and executing (re-)insurance transactions and producer arrangements, focusing on European and international markets, while managing legal aspects, including external counsel coordination and dispute resolution.
• Documentation Alignment: Collaborate with the Deal Modeler to ensure transaction documentation aligns with modeled structures, such as Inner Aggregate Deductibles and Experience Account Balances.
• Distribution Leadership: Assume global responsibility for distribution, market conduct, and management of distribution partners, ensuring regulatory compliance and signing off on all global distribution agreements.
• Governance & Best Practices: Support and enhance underwriting governance, conduct legal reviews and sign-offs, contribute to best practice standards, and provide training and functional guidance to management and business teams.
• Collaboration & Knowledge Sharing: Regularly collaborate with AGCS Legal & Compliance teams across Germany, France, and Italy, maintain a network within Allianz Group counsel and industry peers, and ensure knowledge transfer within ART LoB and AGCS Legal Group.
• Coaching & Leadership: Participate in underwriting committees, coach the underwriting community, and set a positive example of sound business judgment and corporate behavior.

What You’ll Bring to the Role

• Advanced Legal and Transactional Knowledge: High-level expertise in alternative risk transfer transactions (insurance and reinsurance), including cross-border regulatory matters, structuring, negotiating, executing complex transactions, and managing litigation.
• Qualified as a lawyer in Germany, Switzerland, or Austria.
• Corporate, Regulatory, and Compliance Expertise: In-depth understanding of corporate, regulatory, and compliance landscapes impacting ART LoB, with a focus on EEA jurisdictions, and the role of the ART Legal Team in risk management as a control function.
• Extensive Experience: Over 15 years in financial services as in-house counsel or law firm professional, with advanced skills in corporate, regulatory, and transactional support.
• Collaborative and Cross-Cultural Skills: Proven ability to work in cross-location, cross-cultural teams with strong client orientation and a high-performance mindset, fostering collaboration and management skills.
• Analytical and Communication Strengths: Strong analytical, negotiation, and communication skills to address complex, multi-jurisdictional issues and interact effectively with internal stakeholders and external parties (e.g., regulators).
• Professional and Business Acumen: Demonstrable ownership, independent judgment, technical expertise, and solid understanding of finance and financing structures; law degree with preference for bar admission.
• AI: The ability to ensure ethical AI practices and stay updated with emerging AI technologies will be key to maintaining a competitive advantage.

Job Reference: 92831 | 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 center of expertise of Allianz Group, insuring mid-sized businesses, large enterprises, and special risks. Our customers include top consumer brands, financial institutions, industry leaders, the global aviation and shipping industries, as well as family-owned and medium-sized enterprises. We also cover unique risks such as offshore wind farms, infrastructure projects, and film productions. Our clients trust us to provide a wide range of traditional and alternative risk transfer solutions, outstanding risk consulting, multinational services, and seamless claims handling. Allianz Commercial helps customers to prepare for what's ahead.

Learn more about careers at Allianz Commercial by clicking here.

Learn more about Allianz Commercial by clicking here.

At Allianz, we stand for unity: we believe that a united world is a more prosperous world, and we are dedicated to consistently advocating for equal opportunities for all. And the foundation for this is our inclusive workplace, where people and performance both matter, nurtured by a culture grounded in integrity, fairness, inclusion, and trust.

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

Join us. Let's care for tomorrow.

People with Disabilities:

We want to give all our candidates the best opportunity to succeed. If you need any adjustments during the application and selection process, please email agcsglobalcareers@allianz.com.

Recruitment Agencies:

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

Apply online using the form below.

Only applications matching the job profile will be considered.