Senior Counsel - Alternative Ventures

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 Senior Counsel - Alternative Ventures can be a fully remote position that will provide expert legal and regulatory guidance to Nationwide’s global Alternative Ventures & Emerging Risk division.  Advise on all aspects of its growing alternative/emerging risk portfolio.

• Alternative Risk Financing
• Structured Insurance Solutions
• Formation, regulation and administration of risk retention/risk purchasing groups and captive insurers
• Cross-border (re)insurance regulation and transactions
• Entity licensing, domestically and foreign jurisdictions, including Bermuda
• Formation, regulation and administration of Reinsurance entities
• Fronting Arrangements
• Excess and surplus lines regulation  
• Alternative Financial Instruments such as insurance-linked securities
• Collateral Protection/Financial Guaranty Insurance Products

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(Internal Use Only - Compensation Band 8)

Job Description Summary

Would you thrive in an environment where you can deliver top-quality legal services to support the goals and objectives of a Fortune 100 insurance and financial services company? If you possess the legal education, skills and expertise needed to provide outstanding service, advice, and counsel, we want to hear from you!

As Senior Counsel, you'll independently provide expert advice and counsel on highly complex legal matters to senior-level leaders. We'll count on you to create valuable risk management recommendations by actively identifying and logically assessing potential legal risks in ambiguous, unique and/or the most complex business situations which have the greatest potential for significant impact to the company.

Job Description

Key Responsibilities:

• Provides the highest level of subject matter expertise for legal specialties on significant, high-risk, or highly complex legal matters. Regularly attends business partner meetings to better understand business processes and needs.

• Identifies and logically assesses potential legal risks. Creates risk management/mitigation recommendations using sound risk assessment information to further achievement of business objectives. Drafts necessary legal documents and develops conclusions and recommendations.

• Regularly interacts with senior leaders in Office of the Chief Legal Officer (OCLO) or the company on legal matters within area(s) of legal expertise. Has input into or influence on company decision-making.

• Creates practical and effective solutions to the most complex legal issues with no established precedent; develops creative solutions to unique legal problems; has significant interaction with persons outside of the company.

• Takes the lead role in matters that are highly complex, strategic, or sensitive in nature. Understands the business partner's position and needs. 

• Keeps senior leaders and appropriate management of company informed of case law and new legislation, as appropriate. Considers the long-term business and strategic consequences of possible outcomes. Delivers difficult messages or news, and challenges business partners when necessary; responds to challenges to advice and counsel directly and effectively.

• Brings a broad network of established relationships, both internal and external, to the organization, particularly in recognized areas of subject matter expertise.

• Works independently and may lead teams to resolve highly complex legal and organizational issues. 

• Makes recommendations about and ensures compliance with approved outside counsel budget.

• Hires and develops talent, provides consistent coaching and feedback 

May perform other responsibilities as assigned.

Reporting Relationships: Reports to Vice President/Associate Vice President/Managing Counsel; may lead a team of Legal prof