Senior Legal Counsel, Alternative Risk Transfer (ART)

Allianz Commercial; London; Hybrid; GBP 80,000 - 120,000; Full time

Job summary

Join Allianz Commercial's ART team as a legal professional, focusing on structuring and documenting insurance and reinsurance transactions. Leverage your expertise in a fast-paced environment, working closely with global teams to develop innovative solutions. With at least 10 years in the London market, you'll provide vital support in negotiations, regulatory compliance, and client management.

Benefits

Generous bonus scheme

Pension scheme

Flexible working arrangements

Private healthcare

Parental leave benefits

Qualifications

• At least 10 years’ experience in the London insurance market.
• Solid understanding of regulatory implications in cross-border transactions.
• Ability to operate in a matrix organization.

Responsibilities

• Support negotiation and execution of insurance transactions.
• Draft and review documentation related to insurance and reinsurance.
• Provide legal advice and monitor compliance.

Skills

Negotiation

Document Drafting

Regulatory Compliance

Client Management

Education

Qualified to practice under English law

Job description

Your Team

Allianz Commercial’s dedicated Alternative Risk Transfer (ART) team isgrowingits presence in London, to improve further our delivery of personalized solutions for our clients as they manage, control and reduce risk.These solutions include multi-year, multi-line insurance products, as well as fronting and captive reinsurances services.

The Impact You Will Have

Based in London and reporting directly to the Head of Deal Legal ART, you will be integrated into the global underwriting teams of the ART Line of Business to co-construct bespoke solutions for our clients. You will work closely with our Structured Insurance team in London and other ART offices in New York and Zurich and willparticipatein developing cross sell opportunities with other Allianz Commercial business units to provide innovative and complex solutions in afast changingenvironment.

Some of your specific responsibilities could include:

Support the ART business teams in the negotiation and execution of transactions and other deal-related activities and pro-actively manage all relevant legal and regulatory aspects of international transactions, including cross border aspects.

Draft and/or review documentation relating to the company's insurance and reinsurance business (binders, slips, contracts, I&L Agreements, trust agreements, assignments, LOCs, and NDAs) against ART’s internal standards and business requirements.

Promote andmaintainrelationships with brokers and key businesspartnersincluding participating in regular conference calls/meetings with key clients to obtain feedback on outstanding contract issues.

Provide solution-oriented and practical legal advice & supportas well aswell as functional guidance for management and business teams andmonitorlegal, regulatory, compliance & internal developments affecting ART business.

Activelyparticipateandprovideactionable guidance in legal practice group and underwriting meetings for the ART businessteams, andperform required legalsign-offsin line with Allianz’s internal standards.

Support good governance within the existing UW Governance framework and coach UW community on legal,regulatoryand general compliance topics.

Manage internal and external customer expectations;anticipateissues and concerns of internal customers and address them proactively and directly.

Ensure good knowledge transfer of relevant issues to other members ofARTDeal Legal team andAllianz Commercial’sglobal and local Legal departments, e.g., material developments in laws and best practices.

WhatYou’llBring to the Role

Qualified to practice under English law.

At least 10 years’ experience in the London market, with a focus on structuring and documenting insurance and reinsurance transactions (involving multiple legal entities in multiplejurisdictions) under English law and other governing laws commonly used in international (re-) insurance.

Excellent understanding of regulatory implications of cross-border insurance transactions and self-procured (non-admitted business), as well as familiarity with the principles of the UK and US regulatory landscape, and European regulations on Insurance Distribution (IDD) and financial instruments (EMIR; MIFID).

Experienceoperatingin regulated environments, including an understanding of internal control framework and compliance requirements under the Solvency II framework.

Able to work in an international matrixorganisationand cross-functional teams.

Ability to activelyparticipatein client negotiations; solid understanding of key risk drivers and key economics typical for a complex /reinsurance transaction.

Solid business acumen and broad understanding of economic drivers and implications of structured insurance & reinsurance transactions.

Strong personality, willingness to contributebeyond ownstechnical area of expertise.

The ability to ensure ethical AI practices and stay updated with emerging AI technologies will be key tomaintaininga competitive advantage.

75827 | Legal & Compliance | Management | Allianz Commercial | Full-Time | Permanent

What’s in it for you?

Let’s care about everything that makes you, you

We are committed to nurturing an inclusive environment where everyone feels they belong. We offer a hybrid working model, which recognizes the value of striking a balance between in-person collaboration and remote working. Please feel free to discuss flexible working arrangements with us.

Let’s care for your financial wellbeing

We believe in rewarding performance with a great compensation and benefits package (details vary by location), including a generous bonus scheme and pension.

Let’s care for your opportunities to progress

From career development and digital learning programs to international career mobility, we offer lifelong learning for our employees worldwide and an environment where innovation, delivery and empowerment are fostered.

Let’s care for life’s twists and turns

From our support for flexible working, health and wellbeing (including private healthcare and generous parental leave benefits), to helping people return from career breaks with experience that nothing else can teach. We've got your back.

Let’s care for our society and our planet

With opportunities to be engaged in shaping a future that is safe, inclusive and sustainable, we care for the tomorrows of our people, our industry and our clients.

Care to join us?

Allianz Commercial is the center of expertise of Allianz Group, insuring mid-sized businesses, large enterprises, and special risks.Our customers include top consumer brands, financial institutions, industry leaders, the global aviation and shipping industries, as well as family-owned and medium-enterprises.We also cover unique risks such as offshore wind farms, infrastructure projects and film productions.Our clients trust us to provide a wide range of traditional and alternative risk transfer solutions, outstanding risk consulting and multinational services, and seamless claims handling.Allianz Commercial helps customers to prepare for what's ahead.

Learn more about careers at Allianz Commercial by clickinghere.

Allianz is an equal opportunity employer, and therefore welcomes applications regardless of ethnicity or cultural background, age, gender, nationality, religion, disability, sexual orientation or any other protected characteristic. Diversity of thinking is an important part of our culture.

People with disabilities:

We want to give all our candidates the best opportunity to succeed. If you need any adjustments to be made during the application and selection process, please [e-mail]