Legal Council

2 weeks ago


London, United Kingdom Great Lakes Insurance SE Full time

**Legal council **(M/F/d)***:
**Location**
London, United Kingdom

Are you looking for your next career move with in the Legal space?

**Together, we engage with everything we have and are, to help humankind act braver and better.**

**About Great Lakes Insurance SE**:
As specialty provider of primary insurance services in the UK, Great Lakes Insurance SE, UK Branch is a substantial part of our parent, Great Lakes Insurance SE in Munich. Our interlocked business model is to seize opportunities closely connected to the reinsurance core business and innovation opportunities, in our role as an integral part of the Munich Re Group. Great Lakes Insurance SE currently operates from its Head Quarter in Munich, and via branch offices in UK, Switzerland, Italy and Australia.

In the UK, Great Lakes is currently undergoing the authorisation process from the Prudential Regulatory Authority and Financial Conduct Authority for a Third Country Branch and a Subsidiary. These two entities will secure our future in the primary insurance service market in a post-Brexit world, by enabling us to continue writing our existing business.

It is an exciting time to join our growing and evolving organisation, help us shape the future of primary insurance service provision

Your job

**About the role**:
The Legal Department at Great Lakes provides legal advisory and consultancy to the management and all business units to manage legal risks and meet Great Lakes’ strategic objectives.

The main responsibility of the role is to enhance excellence and the service quality within GLISE Legal department in the UK through regulatory and legal expertise in insurance law and ability to provide practical and comprehensive legal and technical consultation services for Great Lakes.

**Key Responsibilities**:

- Provide legal consultation and advice to Great Lakes Senior Management team on matters relating to Great Lakes UK Branch including contract law and regulatory matters;
- Provide legal advice and insurance consultancy to Great Lakes for all related business opportunities excluding claims related matters;
- Develop, review and negotiate a variety of DUA agreements and other insurance distribution services with third parties and Munich Re Business Units.
- Support the General Counsel and Company Secretary on all corporate governance related matters;
- Draft and negotiate wordings on insurance products and related documentation;
- Undertake legal research, develop and maintain legal and contractual documentation and draft briefing notes and legal opinions as required;
- Coordinate external counsel opinions, if necessary.

**Profile**:
**Key Skills & Experience**:
**Essential**
- Proven experience in insurance with agency or distribution law experience as well as insurance wordings
- Demonstrated experience in contract drafting and negotiating skills
- Ability to communicate, both written and oral, on complex issues in an easily understandable manner to business partners
- Analytical, pragmatic problem solver
- Ability to work in large complex projects
- Strong organisational skills and ability to prioritise work in a disciplined manner.

Desirable
- Ability to think strategically and take initiative
- Knowledge of SII requirements
- Experience in dispute resolution or arbitration
- Experience in data protection law
- Experience in insurance regulatory environment outside of the UK

**Qualifications and Educational Requirements**:

- Legal qualification, preferably UK qualified.
- Strong knowledge in UK insurance law, financial services regulation and markets.

About us

**Regulatory & Conduct Requirements**:
Over the coming years, the branch will transition to a third country branch to continue to operate post Brexit. Therefore, in addition to the responsibilities set out above, the role will also become responsible for:

- Understanding the responsibilities and adhering to the requirements of undertaking a regulated role under the Senior Manager and Certification Regime
- Ensure compliance with Insurance Distribution Directive
- Satisfying all regulatory reporting requirements in collaboration with the reporting function
- Liaising with all relevant regulatory bodies in the UK, creating a highly credible reputation and strong, collaborative relationship
- Ensuring compliance with Munich Re’s Code of Conduct and the FCA Conduct Rules

**Benefits**
This opportunity comes along with a competitive salary, 25 days annual leave along with private medical insurance, on target bonus and employers contributory pension of 10%. We also operate in a hybrid working capacity meaning you have the opportunity to collaborate in the office and work from home when needed.

**About Us**:
You will work in an environment where we think big: Change and culture are continuously role-modelled. We create and articulate a compelling and ambitious shared purpose, vision and direction. We pave the way towards success and see failure as learning.

You are going to e



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