Counsel - Financial Risk Solutions Legal

If youre passionate about being part of a diverse organization that enables a Fortune 100 company to deliver innovative business solutions with excellence then Nationwides Legal team could be the place for you! At Nationwide on your side goes beyond just words. Our customers are at the center of everything we do and were looking for associates who are passionate about delivering extraordinary care.

The Counsel position will be a critical member within Nationwides Office the Chief Legal Officer (OCLO) and will support various insurance regulatory matters and transactions involving financial insurance and risk transfer solutions for Nationwides Specialty Finance department. The ideal candidate will have experience with financial insurance regulation (e.g. credit surety financial guaranty residual value) and support for complex transactions including cross-border insurance and reinsurance transactions.

Responsibilities:

• Advise on legal and regulatory issues related to financial lines insurance products and related transactions.
• Provide counsel on insurance transactions including drafting and negotiating insurance policies collateral agreements term sheets NDAs reinsurance agreements and other ancillary agreements.
• Advise on compliance with relevant insurance laws regulations and standards.
• Manage and oversee cross-border insurance and reinsurance transactions.
• Collaborate with internal stakeholders and external partners to support business objectives including engagement of U.S. Bermudian Cayman and European counsel as necessary.
• Stay up to date on changes in insurance laws and regulations and advise the company accordingly.
• Assistance with claims handling matters and preparation for dispute resolution proceedings and negotiations as needed.

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Job Description Summary

Would you thrive in an environment where you can deliver top-quality legal services to support business objectives of a Fortune 100 insurance and financial services company If you have legal talent and great interpersonal and communication skills we want to know more about you!

We provide legal expertise that reflects our commitment to innovative thinking effective collaboration and a proactive approach to our work. As Counsel youll provide expert advice and build strong relationships with fellow team members and business leaders across many levels. Well count on you to recommend risk management strategies by actively identifying and assessing risks in unique and complex situations that have potential for significant impact to the company.

Job Description

Key Responsibilities:

• Provides advice and expertise on a broad range of legal matters with minimal direction within a specific area of responsibility. Attends business partner meetings to better understand business processes and needs.

• Identifies and assesses risks in unique or complex business situations. Creates risk management/mitigation recommendations demonstrating sound risk assessment and legal skills.

• Addresses situations of high exposure or risk; understands business risk tolerance and considers it in the context of risk management strategies and actions. Has input into or influence on company decision-making.

• Builds creative practical and effective solutions to issues with no established precedent. May interact with persons outside of the company on behalf of the organization.

• Leads matters that are complex and/or strategic in nature. Understands the business partners goals objectives and needs. Advises senior leaders on case law legislative and regulatory matters. Considers the long-term business and strategic consequences of potential outcomes. Demonstrates strength with clients by clearly communicating legal requirements and cautionary counsel. Effectively responds to challenges and collaborates to achieve risk-mitigated outcomes.

• Builds and maintains a wide network of positive relationships at many levels within the OCLO and with business partners including at leadership levels.

• Works independently and may also lead teams on group/client tasks projects or assignments.

• May mentor less experienced attorneys or paralegals on business and legal issues.

May perform other responsibilities as assigned.

Reporting Relationships: May report to Vice President/Associate Vice President/Managing Counsel. May have the opportunity to supervise up to three legal associates.

Typical Skills and Experiences:

Education: JD from an American Bar Association-accredited law school.

License/Certification/Designation: Associates reporting within Nationwides Office of the Chief Legal Officer (OCLO) who are functioning in attorney roles must be fully licensed in accordance with OCLO policy in good standing and in compliance with all continuing legal education requirements at all times in the state(s) in which they practice.

Experience: Typically six or more years of relevant legal experience. Has demonstrated business knowledge.

Knowledge Skills and Abilities: Has proven experience with or knowledge of an area of law complex legal practices and procedures. Considered a specialist on a specific product service or legal specialty (employment finance regulatory real estate securities tax etc.). Possesses sound business knowledge with respect to area of legal verbal and written communication skills for interacting with associates and business partners. Skilled at interpreting statutes regulations insurance policies and other contracts. Decision-making ability to set work priorities and make recommendations. Ability to initiate prioritize and coordinate complex projects and/or cases that cross functional or business lines. Takes the lead role in complex and/or strategic negotiations. Supervisory skills helpful as this role may have the opportunity to supervise a small group of legal resources within an area of law.

Other criteria including leadership skills competencies and experiences may take precedence.

Staffing exceptions to the above must be approved by the hiring managers leader and Human Resources Business Partner.

Values: Regularly and consistently demonstrates the Nationwide Values.

Job Conditions:

Overtime Eligibility: Exempt (Not Eligible)

Working Conditions: Normal office environment. Occasional or regular travel depending on role.

ADA: The above statements cover what are generally believed to be principal and essential responsibilities the of this job. Specific circumstances may allow or require some people assigned to the job to perform a somewhat different combination of duties.

Credit/Background Check: Due to the fiduciary accountabilities of this job a valid credit and/or background check will be required as part of the selection process.

Benefits

We have an array of benefits to fit your needs including: medical/dental/vision life insurance short and long term disability coveragepaid time off with newly hired associates receiving a minimum of 18 days paid time off each full calendar year pro-rated quarterly based on hire date nine paid holidays 8 hours of Lifetime paid time off 8 hours of Unity Day paid time off 401(k) with company match company-paid pension plan business casual attire and more. To learn more about the benefits we offer click here.

Nationwide is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive culture where everyone feels challenged appreciated respected and engaged. Nationwide prohibits discrimination and harassment and affords equal employment opportunities to employees and applicants without regard to any characteristic (or classification) protected by applicable law.

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NOTE TO EMPLOYMENT AGENCIES:

We value the partnerships we have built with our preferred vendors. Nationwide does not accept unsolicited resumes from employment agencies. All resumes submitted by employment agencies directly to any Nationwide employee or hiring manager in any form without a signed Nationwide Client Services Agreement on file and search engagement for that position will be deemed unsolicited in nature. No fee will be paid in the event the candidate is subsequently hired as a result of the referral or through other means.