Munich Re Canada

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.