Legal Counsel

This job is with Munich Re, an inclusive employer and a member of myGwork – the largest global platform for the LGBTQ+ business community. Please do not contact the recruiter directly.

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 London Branch (“GLLB”) is a substantial part of Great Lakes Insurance SE in Munich. Our interlocked business model is to seize opportunities connected to the reinsurance core business and progress opportunities, in our role as an integral part of the Munich Re Group. Great Lakes Insurance SE operates from its headquarters in Munich, and with branch offices in UK, Ireland, Switzerland, Italy and Australia.

Great Lakes Insurance UK Limited (“GLLS”), regulated by Prudential Regulation Authority and the Financial Conduct Authority, is a owned subsidiary of Great Lakes Insurance SE and acts as the preferred facilitator of agency insurance business in the UK in the post-Brexit world.

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 you will be 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. you will report into the Head of Legal. You will also work on a hybrid working model.

Responsibilities:

• Provide legal consultation and advice to Great Lakes Senior Management team on matters relating to Great Lakes UK Branch including corporate law, primary insurance law, contract law and regulatory matters.

• Provide legal advice and insurance consultancy to Great Lakes for all related business opportunities excluding claims related matters.

• Support the General Counsel and Company Secretary on all corporate governance related matters.

• Develop, review and negotiate a variety of DUA agreements and other insurance distribution services with third parties and Munich Re Business Units.

• Undertake legal research, develop legal and contractual documentation and draft briefing notes and legal opinions.

• Coordinate external counsel opinions, if necessary.

• Develop business relationships.

• Support Great Lakes business model as it grows and develop new and improved insurance products.

• Work and collaborate with Great Lakes legal, compliance and risk colleagues and contribute to overall internal governance framework.

• Collaborate with teams and international colleagues of MR Group globally.

Competencies:

Direct work You provide direction and delegate to others, empowering and trusting others to complete work.

Accountability You hold yourself and others accountable to take responsibility and meet commitments, creating a culture where people own their actions.

Strategic mindset You look, plan and move into the future with clear intentions and purposeful actions, and make decisions today to lead the business towards its future goals.

Manage complexity You make sense of complex and sometimes contradictory information, learning and sharing along the way.

Being resilient Setbacks are unavoidable, however you recover quickly, learn and move forward with courage and commitment.

Develop talent You develop the team to meet both their career goals and organisational goals, promoting a diverse and inclusive workforce.

Optimises work processes You know the most efficient processes for proactiveness and are constantly assessing how it can be done better.

Resourcefulness You find a way to work with the resources available to you to complete a task.

Communication You communicate with your audience. You also share ideas, learn from others and keep stakeholders informed about problems, opportunities, progress and solutions.

Collaborate You work together with others in your team, the department and wider business (where relevant) to meet shared goals.

Learn You learn by resolving new problems and trying out new solutions and quickly learning from both successes and failures.

Experience:

Essential

• Demonstrated experience in insurance regulatory and corporate law.

• Experience in corporate governance matters in a financial service regulated firm.

• Demonstrated experience in contract drafting and negotiating skills.

• Work in large projects.

Desirable

• 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:

• Above-average legal qualification -Ideally UK qualified.

• Knowledge in UK insurance law, financial services regulation and markets.

• Fluent business English language

Thought Leaders:

You are seen as an expert in your field and will be the ‘go to’ person for your area of specialism within Munich Re. You will be a mentor to others – identifying opportunities to share your knowledge with others.

You will demonstrate and role model inclusive behaviour and encourage your colleagues to help create an inclusive culture.

You will treat your colleagues and sales and partners fairly and with respect.

Regulatory & Conduct Requirements:

In addition to the responsibilities set out above, the role will be responsible for: Ensuring compliance with Munich Re’s Code of Conduct and the FCA Conduct Rules.

Benefits

You will be rewarded with a great compensation package, on target bonus, 25 days annual leave with the option to purchase more along with private medical insurance and employers' contributory pension of 10%.

About Us

At Munich Re, embracing the power of differences is at the core of who we are. We believe diversity fosters resilience and innovation and enables us to act on our purpose of helping humankind act braver and better. We recognise diversity can be multi-dimensional, intersectional, and complex, so we want to build a diverse workforce that includes a wide range of racial, ethnic, sexual, and gender identities; economic and geographic backgrounds; physical abilities; ages; life, school, and career experiences; and political, religious, and personal beliefs. Additionally, we are committed to building an equitable and inclusive work environment where this diversity is celebrated, valued, and has equitable opportunities to succeed.

If you are excited about this role but your experience does not align perfectly with everything outlined, or you don’t meet every requirement, we encourage you to apply anyway. You might just be the candidate we are looking for!”