ph3About the Role /h3 pThe Wording Expert provides specialised legal and regulatory support to Life Health across the LH1.2 region (Iberia, Italy, Brazil, México, Colombia and Chile), with a primary focus on legal risk assessment, underwriting governance, and financial reinsurance transactions. The role ensures that Life Health products, contractual arrangements, and business activities are legally sound, enforceable, and compliant with applicable laws, regulatory requirements, and Munich Re’s internal governance and risk appetite frameworks. /p pAs a member of the Risk Management team, the Wording Expert works closely with Pricing, Underwriting, Compliance, and Central Units. The expert advises throughout the transaction lifecycle—including product development, contract wording, approval processes, portfolio management, and the implementation of solutions. The position contributes to the identification, assessment, and mitigation of legal, regulatory, and reputational risks in complex, multi‑jurisdictional environments, while monitoring regulatory developments and translating them into clear, actionable guidance for senior stakeholders. /p h3Key Responsibilities /h3 pbLegal Governance Quality Assurance /b /p ul liEnsuring full compliance with applicable legal and regulatory frameworks governing the reinsurance business in an environment of increasing complexity, frequent regulatory changes, and heightened supervisory expectations. /li liProviding clear legal interpretation of requirements related to data protection, sanctions, conduct of business, solvency, and other regulatory topics, anticipating risks and advising business teams on appropriate implementation measures. Close contact with local Compliance and Wording Experts from MR offices within the region. /li liProviding clear expert legal assessments, acting as second line Wording Expert for Head of LH1.2 approvals. /li liEnsuring alignment of wording templates and clauses with market practices, internal policies, and legal requirements. /li liProviding expert legal interpretation to all areas in LH1.2. /li liSupporting the contractual review of complex or non‑standard cases, including bespoke structures. /li liParticipating in external contract wording benchmarking and market discussions to ensure competitiveness and compliance.



/li liLegal support on complex cases: ul liCoverage analysis /li liInterpretation of contractual obligations /li liEnforceability assessments /li liGovernance of exceptional/ex‑gratia decisions /li /ul /li liPreparing legal documentation for potential litigation (pre‑litigation assessments, briefs, coordination with external counsel). /li liEnsuring robust handling and documentation of ex‑gratia considerations together with CU Legal. /li /ul pbRegulatory / Legal Monitoring /b /p ul liMonitoring legal, regulatory, and market developments affecting the reinsurance business (e.g., sanctions, data protection, insurance regulation, industry alerts). /li liTranslating regulatory changes into concrete action plans and business‑friendly guidance. /li liSupporting responses to regulatory consultations and requests from supervisory authorities. /li /ul pbDigital Solutions Innovation /b /p ul liProviding legal review for digital tools and platforms, including terms of use, data‑sharing frameworks, IP considerations, and contractual requirements. /li liResponsible for producing, reviewing, and monitoring SARA and/or any other underwriting automated solution contractual documentation. /li liEnsuring compliance with data protection, confidentiality, retention, and usage obligations. /li liContributing to digitalization initiatives that enhance efficiency and governance of wordings. /li /ul pbTraining Knowledge Enablement /b /p ul liDelivering training and knowledge sessions to all areas in LH1.2 on legal, regulatory, and contractual topics. /li liProactively maintaining expertise on guidelines, regulatory changes, and market evolution. /li liActing as a knowledge bridge between legal/regulatory frameworks and business operations. /li liCross‑regional collaboration: ul liCollaborating with wording specialists and legal counsel across global regions to align standards. /li liContributing to cross‑regional projects,



knowledge‑sharing forums, and consistency initiatives. /li /ul /li /ul h3Knowledge Skills /h3 ul liQualified lawyer with solid experience in insurance/reinsurance contracts and regulatory frameworks. /li liStrong drafting skills and deep understanding of contract law and insurance regulation. /li liProven ability to convert complex legal concepts into actionable business guidance. /li liExperience working with multinational and cross‑functional teams. /li liStrong analytical mindset, attention to detail, and structured problem‑solving skills. /li liExcellent stakeholder management and communication. /li liAdvanced in Spanish, Portuguese, and English (spoken and written). /li /ul h3Competencies /h3 ul liStrategic mindset – anticipating regulatory and legal developments, advising the business with forward‑looking solutions and clarity of purpose. /li liEnsures accountability – ensuring rigorous governance, documentation, and discipline in line with internal standards and regulatory expectations. /li liClient focus – delivering pragmatic, value‑adding legal support to Underwriting, Claims, and Client Management. /li liCultivates innovation – contributing to the development of new tools, digital solutions, and more efficient processes. /li liSponsors work – empowering partners across functions by offering clear guidance and enabling independent decision‑making. /li liDevelops talent – building organizational legal knowledge and upskilling business teams. /li liBeing resilient – navigating complex or ambiguous situations with professionalism, recovering quickly from setbacks and providing steady guidance. /li /ul h3Rewards Recognition /h3 ul liCompetitive salary: appropriate compensation for your high level of commitment. /li liRetirement provision: state‑of‑the‑art in‑house pension solutions. /li liWork‑life balance: promoting the compatibility of family and work in addition to overall work‑life balance. /li liHealth management: focus on your physical and mental health far beyond legal requirements. /li liHybrid working: a very versátil approach. /li liMunich Re is an equal‑opportunities employer. Severely disabled candidates will also be prioritized, if equally qualified. /li /ul /p #J-18808-Ljbffr

📌 Wording Expert (Legal Background) (Madrid)
🏢 Munich Re
📍 Madrid