Apply on Employer Site

Nationwide · 12 hours ago

Senior Counsel - Financial Risk Solutions Legal

Columbus, OH

Full-time

Onsite

Senior Level, Lead/Staff

$149K/yr - $279K/yr

15+ years exp

Nationwide is a Fortune 100 insurance and financial services company that is seeking a Senior Counsel to support various insurance regulatory matters and transactions within their Specialty Finance department. The role involves providing expert legal advice on complex legal matters related to financial insurance regulation, drafting and negotiating various legal documents, and ensuring compliance with relevant laws and regulations.

BankingFinancial ServicesInsuranceLife Insurance

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

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

Qualification

Financial insurance regulationComplex transactionsCross-border transactionsSecuritization transactionsLegal document draftingAnalytical abilitySupervisory skillsCommunication skillsDecision-making abilityProject management

Required

Juris Doctorate from an American Bar Association-accredited law school

Associates reporting within Nationwide's 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

Typically has 15 or more years of relevant legal experience

May have management experience

Has significant experience with or knowledge of one or more areas of law, complex legal practices and procedures, project management concept and techniques

Considered a subject matter authority within his or her areas of legal expertise

Strong verbal and written communication skills for contacts interacting with all levels within OCLO and with business partners

Analytical ability to interpret statutes, regulations, insurance policies and other contracts

Decision-making ability to set work priorities and make recommendations

Ability to lead cross-functional projects

Ability to lead, initiate, organize and coordinate highly complex projects and/or cases

Takes the lead role in negotiations that are complex, strategic, or sensitive in nature

Supervisory skills useful

Significant professional and/or civic involvement

Benefits

Medical/dental/vision

Life insurance

Short and long term disability coverage

Paid 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

Company

Nationwide

Glassdoor3.9

Nationwide, a Fortune 100 company based in Columbus, Ohio, is one of the largest and strongest diversified insurance and financial services organizations in the United States.

Founded in 1925

Columbus, Ohio, USA

10001+ employees