Compliance Analyst

We are adding to our diverse team of experts and are looking to hire those who are committed to building a culture that enables the creation of innovative solutions for our business units and clients.

The Company

MEAG New York Corporation (MEAG NY) is an indirect subsidiary of Munich Re, a leading global reinsurance company. MEAG NY is an asset manager having responsibility for the US and Canadian dollar invested assets of Munich Re and its direct and indirect subsidiaries. MEAG NY provides investment advisory as well as non-advisory services with respect to fixed income instruments, alternative assets, and derivatives with over $45 billion in assets under management.

The Opportunity

Future focused and always one step ahead!

The Compliance Analyst is responsible for the effective administration, ongoing management, and continuous improvement of MEAG NY’s compliance program and supporting systems. The individual serves as the process owner for assigned compliance controls, including investment guideline monitoring, trade surveillance, and Code of Ethics and personal trading administration, and is accountable for their accurate, timely, risk-based, and cost-effective operation. The analyst also develops, maintains, and reviews related compliance manuals, procedures, guidelines, and work instructions.

The Compliance Analyst continuously monitors and evaluates activities associated with the investment and execution process for assets managed by MEAG NY, including compliance with regulatory requirements and client-mandated and internal restrictions. The position is expected to understand each assigned process end to end, identify control or efficiency gaps, lead remediation through completion, and introduce sustainable improvements where feasible. The analyst collaborates with investment personnel, attorneys, client managers, technology teams, vendors, and other internal and external stakeholders and uses data, automation, and AI enabled tools responsibly to enhance compliance outcomes.

The position has primary day-to-day ownership for key compliance controls supporting approximately $45 billion in assets under management, including investment guideline coding and monitoring, surveillance of trading in client portfolios, and administration of the firm’s Code of Ethics and Personal Trading Guideline through compliance technology platforms. The role also contributes to regulatory filings, additional monitoring processes, technology initiatives, and department projects and is responsible for maintaining reliable, well-documented, scalable processes that support applicable regulatory, client, firm, and Munich Re Group requirements.

As a member of MEAG NY’s 2nd Line of Defense, this position requires impeccable integrity, discretion, sound judgment, analytical rigor, and independent decision-making. The analyst must identify activities that may not align with regulatory, client, or firm requirements; escalate concerns with appropriate conviction; distinguish isolated exceptions from systemic issues; and remain accountable for follow-through until matters are appropriately resolved and documented.

The analyst is expected to operate as a process owner rather than solely as a task performer. This includes defining and maintaining the control objective, understanding the process from upstream inputs through downstream outputs, establishing clear procedures and evidence standards, monitoring performance and exceptions, managing dependencies and stakeholders, and initiating improvements without waiting for detailed direction. The compliance function increasingly uses vendor platforms, automation, and AI-augmented tools; the analyst must be able to provide the compliance context these solutions require, critically evaluate their outputs and limitations, and apply appropriate human review, data governance, confidentiality, recordkeeping, and change-management controls.

The analyst must maintain thorough knowledge of applicable compliance requirements, policies, procedures, and control frameworks and be able to absorb and analyze complex business and technology processes to assess their compliance impact. The role requires the ability to translate regulatory and policy requirements into operational controls, business rules, system requirements, test scenarios, monitoring logic, and clear documentation.

As a member of a Compliance team with a broad departmental mandate, multi-tasking and strong decision making skills are critical. In addition, the ability to effectively interface, positively influence and manage collaborative relationships with all levels of the organization including middle and senior management is essential.

Responsibilities

In this position you will:

• Own and administer the investment guideline monitoring process end to end, including translating client and internal requirements into coded rules and other limits within MEAG NY asset management systems; validating rule design and implementation; performing daily review, investigation, documentation, and escalation of post-trade limit exceptions; coordinating breach communications and remediation; and periodically assessing the process for control, data-quality, automation, and efficiency improvements.
• Own and administer MEAG NY’s Code of Ethics and Personal Trading Guideline process and supporting compliance platform, including periodic employee certifications, personal securities transaction and holdings reporting, pre-clearance requests, data feeds, exception management, and required records. Investigate potential violations, coordinate with the CCO on appropriate action, drive matters through resolution, and regularly evaluate opportunities to strengthen controls and the employee experience.
• Own and perform the firm’s trade surveillance program, including risk assessment, surveillance design, data validation, review execution, investigation, documentation, escalation, and issue resolution for Best Execution, Trade Allocation, and other applicable requirements. Partner with Portfolio Management and other stakeholders to address activity that does not meet firm standards and periodically refine surveillance coverage, thresholds, and workflows based on risk, regulatory developments, and observed results.
• Coordinate the collection, aggregation, validation, review, and timely submission of information for Form ADV and other regulatory filings; maintain supporting records and identify changes in the business or compliance program that may require an amendment.
• Contribute to the development of comprehensive training plans on existing and new regulations as well as firm-wide training and education. Present training to the staff when the topic is within the analyst’s scope of responsibilities.
• Monitor ongoing regulatory developments and identify and escalate strategic and tactical compliance issues to management and make recommendations to ensure appropriate measures are taken in a timely and accurate manner.
• Partner with MEAG NY colleagues as well as MEAG Munich / Munich Re Group counterparts as appropriate to maintain a robust compliance environment in alignment with local and Group standards. Participate in local and global projects in support of business goals while maintaining a strong 2nd Line of Defense perspective

Qualifications

• Bachelor’s degree in business, finance, economics, law, information systems, or a related field, or equivalent relevant experience
• 3+ years of compliance, legal, or enterprise risk experience in the asset management industry
• Experience and strong knowledge of the Investment Advisers Act of 1940
• Product and functional knowledge of various asset classes including fixed income products and derivatives.
• Demonstrated ownership of recurring compliance or control processes, including the ability to work independently with limited supervision, anticipate deliverables and risks, maintain reliable operating routines, and drive issues and improvements through completion
• Strong analytical and process-design skills, including the ability to map workflows and dependencies, identify root causes and control gaps, define requirements and success criteria, test solutions, document controls, and measure operational effectiveness
• Proven ability to manage tasks with competing priorities and deadlines.
• Effective written and verbal communication skills and coaching ability to help drive compliance culture within the business.
• Pragmatic in approach yet innovative and inquisitive; flexible and adaptive to changing demands
• Practical familiarity with AI-enabled tools and concepts, including prompt design, retrieval and context strategies, workflow automation, and agent-based solutions, together with the ability to assess output quality, explain limitations, and apply appropriate controls for confidentiality, data governance, human oversight, testing, and recordkeeping
• Strong proficiency with Microsoft 365 products, particularly Excel, PowerPoint, SharePoint, and Power BI; experience with data analysis, reporting, workflow tools, compliance platforms, or low-code automation is preferred

The Company is open to considering candidates in New York City, NY. The salary range posted below applies to the Company’s NYC location.

The base salary range anticipated for this position is $71,250 – $118,750 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 NYC. 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.

We are proud to offer our employees, their domestic partners, and their children, a wide range of insurance benefits:

• Two options for your health insurance plan (PPO or High Deductible).
• Prescription drug coverage (included in your health insurance plan).
• Vision and dental insurance plans.
• Additional insurance coverages provided at no cost to you, such as basic life insurance equal to 1x annual salary and AD&D coverage that is equal to 1x annual salary.
• Short and Long Term Disability coverage.
• Supplemental Life and AD&D plans that you can purchase for yourself and dependents (includes Spouse/domestic partner and children).
• Voluntary Benefit plans that supplement your health and life insurance plans (Accident, Critical Illness and Hospital Indemnity).

In addition to the above insurance offerings, our employees also enjoy:

• A robust 401k plan with up to a 5% employer match
• A retirement savings plan that is 100% company funded.
• Paid time off that begins with 24 days each year, with more days added when you celebrate milestone service anniversaries.
• Eligibility to receive a yearly bonus as a Munich Re employee.
• A variety of health and wellness programs provided at no cost.
• Paid time off for eligible family care needs.
• Tuition assistance and educational achievement bonuses.
• A corporate matching gifts program that further enhances your charitable donation.
• Paid time off to volunteer in your community.

At Munich Re, we see Diversity, Equity 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 of our colleagues feel respected, valued and empowered to achieve their very best every day. We recruit and develop talent with a focus on providing our customers the most innovative products and services.

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