About the Role

The 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.

As a member of the Risk Management team will work closely with Pricing,
Underwriting, Compliance, and Central Units. The Wording 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.

Key Responsibilities

Legal Governance & Quality Assurance

* Ensuring 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.
* Provide 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.

* Providing clear expert legal assessments, acting as second line Wording
Expert for Head of LH1.2 approvals.
* Ensure alignment of wording templates and clauses with market practices,
internal policies, and legal requirements.

* Provide ex

📌 Wording Expert (Madrid)
🏢 Munich Re Careers
📍 Madrid