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The National Association of Insurance Commissioners (NAIC) has an exciting opportunity for an Investment Counsel in the Securities Valuation Office (SVO). This position is part of the NAIC’s Financial Regulatory Affairs Division, located in New York City. Would you enjoy working for an organization that supports the public good and strives to make a difference? Do you have a passion for analyzing investments and capital? If so, we have a perfect opportunity for you! We would like to hear from you…apply today!
The Investment Counsel, Securities Valuation Office (SVO) serves as the division counsel for investment and vendor issues, responsible for primary legal administration and support to SVO analytical, research, regulatory, administrative and business operations. The primary function of the Investment Counsel, is to work with SVO Director, senior managers and staff to identify and manage legal risk associated with the division’s functions and operations. Additionally, this position will work with Structured Security Group (SSG) and Capital Markets Bureau (CMB) Director, senior managers and staff to identify and manage the legal risk associated with the functions and operations of those groups
If you are working for us, here are some of the things you may do:
Provide day-to-day legal analysis assistance and oversight guidance of the SVO
Conduct and supervise necessary research into technical issues and provide recommendations on technical and policy issues on projects before the Valuation of Securities Task Force and other NAIC regulator groups
Provide detailed, transparent research, consistently expressing an “independent” expertized view with recommendations given NAIC standards and policy goals to ensure members of the Task Force can understand issues.
Work with the SVO and SSG Directors in the development of a credit assessment and investment risk function that is responsive to state regulator needs and financial solvency objectives.
Maintaining and updating the Purposes and Procedures Manual and internal SVO policy manuals and supervising compliance with SVO policies and procedures
Other Skills and Abilities:
Must be a self-starter with the ability to identify, initiate and conclude projects that would improve the performance of the office or related regulatory processes.
Ability to explain complex financial concepts effectively.
Proficient with Microsoft Office (Word, PowerPoint, Outlook, and Excel).
Ability to travel to the NAIC National Meetings and to attend and participate in other scheduled Task Force meetings.
An understanding of the credit assessment industry is a plus.
Willing to acquire knowledge into related regulatory disciplines, including accounting, state and federal risk based capital approaches and other similar regulatory mechanisms.
Education and/or experience required:
A Juris Doctor from an accredited American law school with a commercial or financial focus. Must have taken and passed the New York Bar and have at least 10 years of experience in an investment transaction oriented practice; such as, a private placement attorney representing investors or issuers. Hands on experience in commercial or financial transaction documentation with a demonstrated understanding of structure and risk analysis.
Experience as an analyst with a nationally significant rating organization or other credit assessment entity is preferred. Either a Master of Business Administration (MBA) or Chartered Financial Analyst (CFA) is a definite plus.
Licenses, certificates, Registrations:
License to practice law in New York State.
Why Work at the NAIC/NIPR?
Flexible Work Environment
Compressed Work Week or Work from Home
Computer Purchase Assistance
Choice of Insurance Plans
Vacation Buy Back
Infants in the Work Place
Employee Recognition Programs
Student Loan Repayment Program
Days Off for Community Service
The NAIC supports insurance regulators in every state, who work to educate, protect and assist insurance consumers with issues ranging from disasters to day-to-day questions. Our employees get the chance to support and develop
the latest technological programs in an energized environment.
Insurance may be complicated, but our employee culture is pretty simple. “Work hard, play hard” exemplifies our commitment to a work-life balance. We keep it casual with allowing jeans to be worn every day. We believe in rewarding staff with bright, shiny objects as well as treats, games and prizes to show our appreciation for their hard work. And you can say goodbye to a five day work week with our flex schedules.
At the NAIC, we pride ourselves on our long-term investment in our employees and support them in all phases of their life, from continuing education and tuition reimbursement opportunities to our infants in the workplace program. We also make charity a company-wide offering through our Volunteer Resource Team (VRT). The VRT sponsors fundraisers, charitable events and community service opportunities throughout the year and has raised thousands of dollars for local and national charities.
The NAIC is proud to be an Equal Opportunity Employer
Applicants for all positions are considered without regard to age, race, creed, color, religion, sex, sexual orientation, gender identity or expression, national origin or ancestry, marital status, pregnancy, genetic information, military or veteran status, disability, or any other basis protected by applicable law.
ABOUT THE NAIC The National Association of Insurance Commissioners (NAIC) is the U.S. standard-setting and regulatory support organization created and governed by the chief insurance regulators from the 50 states, the District of Columbia and five U.S. territories. Through the NAIC, state insurance regulators establish standards and best practices, conduct peer review, and coordinate their regulatory oversight. NAIC staff supports these efforts and represents the collective views of state regulators domestically and internationally. NAIC members, together with the central resources of the NAIC, form the national system of state-based insurance regulation in the U.S. WHY WORK AT THE NAIC?•Choice of Insurance Plans •Tuition Reimbursement •Referral Bonuses •Jeans Day Every Friday •Paid Covered Parking •Interest Free Personal Computer Loans •“Crunch Day” Treats Every Month •Vacation Buy Back •Infants in the Work Place •Adoption Assistance •Eight Paid Holidays •Employee Recognition Programs •Days off for Community Service•Fitness Center