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Legal Associate Counsel Regulatory Law

4 months ago


London, United Kingdom AXA Group Full time

Associate Legal Counsel
As Associate Legal Counsel you will be a member of a busy broad based legal insurance / reinsurance team providing general legal and regulatory assistance but with specific duties as set out below. You will be operating in an exciting and dynamic environment with opportunities to learn about and support the business, working collaboratively with the established legal team as well as various stakeholders across the business, both in the UK and overseas.
Generally, working with underwriters and various business functions including distribution, delegated underwriting management, compliance, conduct and operations, collaborating with UK and international members of the AXA XL legal team on projects, queries, and continuous improvement across Company and Lloyd’s markets;
· Focussing on issues arising out of delegated underwriting and delegated claims, and distribution. Also providing wider legal advice and support;
· Helping to review and develop arrangements with Irish domiciled internal Service Company. Assisting AXA XL’s distribution teams in ensuring compliant distribution models with AXA XL’s broking partners in a dynamic and fast moving environment often at the forefront of change – considering feasibility of new and novel ways to distribute business and helping to find solutions;
· Helping resolve challenges and disputes with distribution partners where they arise, for instance around potential breach of delegated underwriting authority, mishandling of claims by delegated partners, regulatory issues;
· Covering Claims Administrator Agreements, Broker Service Agreements, TOBAs and various other Service Agreements including for new and novel services;
· Collaborating with the business to help support and develop AXA XL’s governance in relation to consumer products with an emphasis on conduct, including Product Oversight and FCA requirements e.g. Horizon scanning for future areas of challenge or change within the insurance regulatory and legal framework as well as the insurance industry generally, working collaboratively to identify and consider approaches to address such challenge or change;
· Regular face to face exposure with underwriting teams, considering issues such as policy terms, legal risks and business terms of various deals;
· Assisting with various projects and deadlines, working collaboratively with the legal team and wider business as required;
· Providing training to the company and its affiliates on legal and regulatory topics, contributing to addressing training and development needs for the business and enhancing legal support;
· Participating on internal committees as legal representative, gaining the opportunity to engage with various business functions and understand key aspects of how the business operates, providing legal support as required;
· Various BAU responsibilities including supporting the review of NDAs and other common insurance agreements and endorsements, as well as legal review of documents produced by the marketing team.
You will report to Head of Legal – Delegated and Distribution (UK & Lloyd’s).
Legal qualifications essential – ideally Law degree and qualified Solicitor or similar;
· Proven post qualification legal work experience in a relevant field, insurance focus prefereable;
· Ability to work in an international, multicultural environment within financial services;
· Ability to prioritize conflicting needs and progress matters expeditiously, proactively and follow through on projects to successful completion;
· AXA XL, the P&C and specialty risk division of AXA, is known for solving complex risks. By combining a comprehensive and efficient capital platform, data-driven insights, leading technology, and the best talent in an agile and inclusive workspace, empowered to deliver top client service across all our lines of business − property, casualty, professional, financial lines and specialty.
With an innovative and flexible approach to risk solutions, we partner with those who move the world forward.
Inclusion & Diversity
AXA XL is committed to equal employment opportunity and will consider applicants regardless of gender, sexual orientation, age, ethnicity and origins, marital status, religion, disability, or any other protected characteristic.
It’s about helping one another — and our business — to move forward and succeed.
Five Business Resource Groups focused on gender, LGBTQ+, ethnicity and origins, disability and inclusion with 20 Chapters around the globe
Robust support for Flexible Working Arrangements
Enhanced family friendly leave benefits
Named to the Diversity Best Practices Index
Signatory to the UK Women in Finance Charter
com/about-us/inclusion-and-diversity . AXA XL is an Equal Opportunity Employer.
Sustainability
At AXA XL, Sustainability is integral to our business strategy. In an ever-changing world, AXA XL protects what matters most for our clients and communities. We know that sustainability is at the root of a more resilient future. Our 2023-26 Sustainability strategy, called “Roots of resilience”, focuses on protecting natural ecosystems, addressing climate change, and embedding sustainable practices across our operations.
Resilient ecosystems - the foundation of a sustainable planet and society – are essential to our future. We're building a net zero strategy, developing insurance products and services, and mobilizing to advance thought leadership and investment in societal-led solutions.
Integrating ESG: All companies have a role to play in building a more resilient future. We’re training our colleagues, engaging our external partners, and evolving our sustainability governance and reporting.
AXA Hearts in Action : We have established volunteering and charitable giving programs to help colleagues support causes that matter most to them, known as AXA XL’s “Hearts in Action” programs.