The Association of Corporate Counsel (ACC) is the world's largest organization serving the professional and business interests of attorneys who practice in the legal departments of corporations, associations, nonprofits and other private-sector organizations around the globe.
In this challenging and dynamic role based in Houston, Texas, or Woodland Hills, California, you will have the opportunity to work with a team of legal professionals who make up our Regulatory Team supporting primarily AIG’s Life and Retirement (“L&R”) businesses, operations and legal entities (“L&R Regulatory Team”). The L&R Regulatory Team has a core complement of responsibilities as described below.
In the role of Counsel, your primary role will be to advise and provide guidance on insurance regulatory matters and provide related transactional support for L&R’s U.S. based life insurance companies. Additionally, you will be asked to work on and support all other facets of work managed by or coordinated through the L&R Regulatory Team. This is a dynamic, high-profile and client-facing position for a self-starting, intellectually curious lawyer who is willing to dive in to a number of new and challenging projects while at the same time tending to ordinary course matters needed to support the day-to-day workings of the L&R businesses, operations and legal entities.
The primary responsibilities of L&R Regulatory Team include the following:
Supporting the management of our L&R insurance companies’ state insurance exams, and states market conduct filings and regulatory inquiries
day-to-day management in receiving market conduct regulatory notices and inquiries;
coordinating responses to exams, filings and inquiries, and liaising directly with our regulators regarding such exams, filings and inquiries; and
developing and helping to drive strategic advocacy positions in response to regulatory findings and negotiating fair and reasonable exam outcomes;
working with Legal, Compliance and other control functions and the business to remediate issues and implement long-term solutions and controls;
Providing general insurance regulatory and related transactional support for L&R insurance companies
preparing and managing insurance regulatory filings under state insurance holding company and related insurance laws;
supporting the management of L&R U.S. life companies’ regulatory relationships with domicile states;
providing legal review on general contracts and non-disclosure agreements; and providing general legal/regulatory support for L&R functional areas, including capital management, actuarial, accounting, enterprise risk management, and treasury teams; and
consulting on proposed investment transactions involving L&R entities that may implicate insurance regulatory considerations;
Managing and supporting the L&R business lines’ regulatory monitoring and advocacy function, and providing similar support to other AIG lines of businesses as may be requested (e.g., monitoring legislative and regulatory proposals, emerging areas of legislative or regulatory concerns/risks, and/or industry trends, in each case that impact our lines of businesses and operations); and
Managing the L&R business lines’ regulatory change management function (e.g., assess applicability of legislative and regulatory enactments that impact L&R business lines, and effectively communicate the same through established procedures to L&R internal stakeholders).
Organizational Structure
This position will be based in our Houston, Texas office, and will report to the Assistant General Counsel of the L&R Regulatory Team.
We will also consider candidates in our Woodland Hills, California office.
Performance Objectives
Specific responsibilities of this position will include:
Providing legal and regulatory support, including legal research, drafting and document review, on L&R insurance companies’ state insurance exams and market conduct related inquiries and/or filings;
Working collaboratively with the L&R Regulatory Team’s Regulatory Event Management team to manage examinations from initial contact through closure;
Staying abreast of changes in the regulatory enforcement environment, tracking trends in examinations and enforcement and communicating changes and potential areas of focus to the L&R Regulatory Team and the businesses and control functions it supports;
Providing support to the attorney managing Regulatory Change Management processes as needed;
Providing support on special projects as requested, and travel for business expected (~25%); and
Effectively working in a team environment, closely collaborating and providing team support with peers across Legal, Compliance and other control functions at the segment (L&R) and global (AIG) levels.
Education/Experience:
Candidate must have a JD, be admitted to at least one state bar, and have 4+ years of major law firm experience or relevant in-house or regulator experience.
Top academic credentials, excellent oral and written communication skills, in particular the ability to communicate complex concepts clearly and simply and to present clear choices are required.
Proven problem-solving skills that demonstrate ability to critically evaluate and analyze issues and recommend well thought-out and/or creative solutions.
The candidate must have the ability and desire to take on multiple projects, effectively prioritize each project, and balance thoughtful decision making with careful and timely execution.
Excellent references, maturity, judgment and poise are requirements for this position. Also expected of the successful candidate are: strong and effective organizational and interpersonal skills; being highly accountable, dependable and motivated; and willingness to adapt to a fluid work environment.
Demonstrated abilities in dealing with insurance regulators and/or regulators in general, are beneficial, as is experience dealing with internal audit reporting or internal testing and remediations.
We are focused on fostering and maintaining a collegial, professional, friendly, creative, entrepreneurial and supportive work environment. This is a client/business partner-facing role, and will also be required to work closely with peers in and outside of the L&R Regulatory Team. Accordingly, through his or her example, the successful candidate will be expected to take ownership of, and help to promote, our positive culture.
Proficient with Microsoft Office programs (including Word, Outlook, PowerPoint and Excel), excellent technology skills (e.g., use of SharePoint sites, Archer and other platforms to meet Performance Objectives) and/or demonstrated willingness to learn new technologies.
Internal Number: JR2006476
About AIG
American International Group, Inc. (AIG) is a leading global insurance organisation. Founded in 1919, today AIG member companies provide a wide range of property casualty insurance, life insurance, retirement products, and other financial services to customers in more than 80 countries and jurisdictions. These diverse offerings include products and services that help businesses and individuals protect their assets, manage risks and provide for retirement security. AIG common stock is listed on the New York Stock Exchange and the Tokyo Stock Exchange.
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