Paralegal, US Legal & Compliance

Department: Governance

Employment Type: Permanent - Full Time

Location: US - New York

Reporting To: Tim Lynch

Compensation: $110,000 - $130,000 / year

Description

About the role

• Supporting the maintenance of CFC’s insurance and claims adjusting licences across all 50 states, including preparing, coordinating and filing new and renewal licence submissions.
• Monitoring the status of US licences, maintaining accurate internal records and helping to proactively identify and resolve licensing issues.
• Responding to regulatory and internal stakeholder enquiries relating to insurance licensing.
• Supporting the vetting and onboarding of retail and wholesale brokers, alongside the management of producer engagement contracts and agency management processes.
• Providing compliance support for product rate and form filings, including regulatory assessments of admitted product changes and new products.
• Supporting responses to US regulatory communications and enquiries, working closely with the wider CFC Group Compliance team where required.
• Reviewing US marketing materials against relevant advertising and promotional regulations.
• Researching regulatory and business risks and supporting the maintenance of the US office risk register.
• Supporting the preparation and coordination of internal and external audits.
• Keeping up to date with relevant US laws, regulations and regulatory developments.
• Helping to provide timely, commercially focused compliance guidance to underwriters, claims handlers and colleagues across the business.
• Supporting the maintenance of effective US compliance systems, controls, policies and procedures.
• Supporting CFC’s US financial crime and sanctions processes, including the investigation of sanctions matches.

About you

• 2 to 3 years’ regulatory and compliance experience, including experience with insurance regulatory filings and submissions.
• Knowledge of US admitted insurance compliance requirements and an understanding of the wider US regulatory landscape.
• Strong organisational skills with the ability to manage multiple matters and critical deadlines simultaneously.
• Excellent written and verbal communication skills, with the confidence to communicate professionally with a broad range of stakeholders.
• A collaborative approach and the ability to build strong relationships with internal and external stakeholders.
• The ability to work autonomously and deliver detailed, time-sensitive regulatory work with minimal supervision.
• A bachelor’s degree or higher. A relevant discipline such as Law would be beneficial but isn’t essential.
• Legal experience, including drafting or contract review, would be advantageous but isn’t essential.
• Experience working with delegated authorities and an understanding of binding authority agreements would also be beneficial.