Experience:
5+ years of experience
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Employment Type:
Full time
Posted:
5/22/2019
Job Category:
Legal
Investment Counsel
(This job is no longer available)
NAIC | New York, NY
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Job Description

Position Investment Counsel Req Code 96336 Location New York Full Time Yes Job Overview The National Association of Insurance Commissioners (NAIC) has an exciting opportunity for an Investment Counsel in the Securities Valuation Office (SVO). This position is part of the NAIC's Financial Regulatory Affairs Division, located in New York City. Would you enjoy working for an organization that supports the public good and strives to make a difference? Do you have a passion for analyzing investments and capital? If so, we have a perfect opportunity for you! We would like to hear from you…apply today!

The Investment Counsel, Securities Valuation Office (SVO) serves as the division counsel for investment and vendor issues, responsible for primary legal administration and support to SVO analytical, research, regulatory, administrative and business operations. The primary function of the Investment Counsel, is to work with the SVO Director, senior managers and staff to identify and manage legal risk associated with the division's functions and operations. Additionally, this position will work with Structured Security Group (SSG) and Capital Markets Bureau (CMB) Director, senior managers and staff to identify and manage the legal risk associated with the functions and operations of those groups.

If you are working for us, here are some of the things you may do:

* Provide day-to-day legal analysis assistance and oversight guidance to the Securities Valuation Office (SVO), Structured Security Group (SSG) and Capital Markets Bureau (CMB); on business, legal, analytical, operational, vendor, and regulatory issues.
* Conduct research into technical issues and provide recommendations on technical and policy issues to the Valuation of Securities Task Force and other NAIC regulator groups. Research documentation would include research reports, position papers and explanatory memoranda.
* Prepare policy recommendations that incorporate high quality technical analysis and apply that technical analysis within a regulatory policy making environment; including, understanding how policy must accommodate insurance company operations.
* Ongoing, proactive and strategic monitoring of investment related topics and issues faced by state regulators, the federal regulatory framework and developments affecting the money market, equity, bond and capital markets.
* Works with the SVO and SSG Directors to develop a credit assessment and investment risk functions that is responsive to state regulator needs and financial solvency objectives; This includes providing guidance on development of internal and external guidance for credit assessment of new transaction types, conducting analysis to identify credit, legal or structural issues, creating education programs regarding credit, investment and legal risks in transactions and other similar activities.

Other Knowledge, Skills and Abilities:

* Ability to communicate complex financial concepts effectively.
* Proficient with Microsoft Office (Word, PowerPoint, Outlook, and Excel).
* An understanding of the credit assessment industry is a plus.

Education and/or Experience Required:

Juris Doctor from an accredited American law school with a commercial or financial focus. At least 10 years of experience in an investment transaction-oriented practice; such as, a private placement attorney representing investors or issuers. Hands on experience in commercial or financial transaction documentation with a demonstrated understanding of structure and risk analysis is strongly preferred

Preferred Experience:

Experience as an analyst with a nationally significant rating organization or other credit assessment entity is preferred. Either a Master of Business Administration (MBA) or Chartered Financial Analyst (CFA) is a definite plus.

Knowledge in related regulatory disciplines, including accounting, state and federal risk-based capital approaches and other similar regulatory mechanisms or an understanding of the credit assessment industry is a plus

Required Licenses, Certificates:

License to practice law in New York State.

Why Work at the NAIC/NIPR?

* Flexible Work Environment
* Compressed Work Week or Work from Home
* Tuition Reimbursement
* Computer Purchase Assistance
* Referral Bonuses
* Choice of Insurance Plans
* Vacation Buy Back
* Infants in the Work Place
* Adoption Assistance
* Employee Recognition Programs
* Student Loan Repayment Program
* Days Off for Community Service

About NAIC

Headquartered in Kansas City, Mo., the National Association of Insurance Commissioners (NAIC) is a voluntary organization of the chief insurance regulatory officials of the 50 states, the District of Columbia and five U.S. territories. The NAIC's overriding objective is to assist state insurance regulators in protecting consumers and helping maintain the financial stability of the insurance industry by offering financial, actuarial, legal, computer, research, market conduct and economic expertise. Formed in 1871, the NAIC is the oldest association of state officials. For more than 135 years, state-based insurance supervision has served the needs of consumers, industry and the business of insurance at-large by ensuring hands-on, frontline protection for consumers, while providing insurers the uniform platforms and coordinated systems they need to compete effectively in an ever-changing marketplace.