Assistant Vice President, Legal Counsel & Compliance Officer (12 month contract)

Assistant Vice President, Legal Counsel & Compliance Officer (12-Month Contract) | Munich Re Canada | Toronto (Hybrid)

Salary Range: $158,500 – $190,500 annually
Location: Toronto, Ontario
Work Model: Hybrid

About the Opportunity

Munich Re is seeking an Assistant Vice President, Legal Counsel & Compliance Officer for a 12-month contract. This role supports corporate legal and regulatory compliance functions across reinsurance and insurance operations, working with internal business units and global stakeholders.

The position focuses on advisory work — not litigation — providing practical legal guidance on regulatory, corporate, market conduct, and privacy matters within a sophisticated financial services environment.

Role Responsibilities

Corporate Legal Advisory

• Provide practical legal advice across reinsurance, insurance distribution, privacy, and regulatory matters

• Draft and review agreements, reinsurance treaties, and internal governance policies

• Support internal teams in identifying and managing legal risk

Compliance & Regulatory Oversight

• Help maintain regulatory compliance management frameworks

• Monitor compliance activities across departments

• Ensure reporting obligations to regulators and internal group stakeholders are satisfied

• Recommend updates to policies and procedures in response to regulatory changes

Risk Management Collaboration

• Partner with risk and compliance teams to address operational and regulatory risk

• Assist leadership in maintaining a strong compliance culture (“tone from the top”)

• Track compliance initiatives and report progress to senior leadership

Cross-Functional Coordination

• Work closely with Legal, Compliance, and Risk colleagues locally and globally

• Support corporate governance and internal compliance monitoring activities

Required Qualifications

• LL.B. or J.D. degree

• Member in good standing with the Ontario bar

• Minimum 5 years of legal experience

• Experience in regulatory, insurance/reinsurance, corporate, or transactional law

Core Skills

• Strong drafting and advisory capabilities

• Excellent communication and stakeholder management

• Analytical and problem-solving expertise

• Ability to work independently in a fast-paced corporate environment

• Strong organizational and time-management skills

• Advanced Microsoft Office proficiency

Asset: French language fluency

What You’ll Gain

• Exposure to global insurance and reinsurance operations

• Collaboration with international legal and compliance teams

• Career-building experience within a leading financial services organization

• Hybrid workplace flexibility and professional development opportunities

Workplace & Inclusion

This Toronto-based hybrid role offers a collaborative office environment combined with remote flexibility. Munich Re Canada is committed to an inclusive workplace and provides accommodations throughout the recruitment process.

This opportunity is well suited to a mid-level corporate or regulatory lawyer seeking in-house experience in the insurance or reinsurance sector while expanding compliance expertise in a globally recognized organization.