Counsel - Financial Risk Solutions Legal

If you're passionate about being part of a diverse organization that enables a Fortune 100 company to deliver innovative business solutions with excellence, then Nationwide's 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 we’re looking for associates who are passionate about delivering extraordinary care.

The Counsel position will be a critical member within Nationwide’s Office the Chief Legal Officer (OCLO) and will support various insurance regulatory matters and transactions involving financial insurance and risk transfer solutions for Nationwide’s 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, you'll provide expert advice and build strong relationships with fellow team members and business leaders across many levels. We'll 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 partner's 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.