Liberty Mutual Insurance Group
Compliance Counsel
Liberty Mutual Insurance Group, Boston, Massachusetts, United States, 02108
USRM Compliance Counsel
Liberty Mutual Insurance's USRM Compliance Team has an exciting opportunity for a highly qualified attorney to provide expert compliance support for USRM. As a USRM Compliance Counsel within our Global Compliance & Ethics Group, you will offer legal compliance and regulatory advice, manage interactions with state Departments of Insurance (DOI), and assist with remediation efforts. This role demands a strong understanding of regulatory requirements and their impact across various functions within the organization. You will work closely with the USRM Compliance Officer, the Regulatory Compliance Management (RCM) analysts, USRM Legal, and other key stakeholders to develop strategic responses to regulatory inquiries, ensuring compliance with industry standards while fostering positive regulatory relationships. This is a hybrid position and has in-office requirement of twice a week. Responsibilities: Provide high-quality oral and written compliance advice to internal clients in a cost-effective manner. Strong negotiation skills are essential. Recommend practical, legally permissible courses of action that align with client goals and consider potential regulatory consequences. Stay current on regulatory developments, legal issues, and industry trends. Manage interactions on behalf of the Company with DOIs, including market conduct exams, complaints, and data calls. Coordinate information gathering from diverse stakeholders to respond effectively to regulatory inquiries and apply creative problem-solving skills to address challenging DOI requests, ensuring timely, accurate regulatory submissions all while developing and maintaining strong relationships with regulators across the U.S. Maintain a deep understanding of our business lines claims, underwriting, sales, service, advertising etc. for both USRM and GRS. Engage with senior business leaders to advise on regulatory risks that could impact business goals and initiatives. Actively contribute to enhancing the efficiency and effectiveness of USRM Compliance operations by identifying and implementing improvement opportunities. Support proactive risk mitigation and regulatory exam avoidance through data-driven insights and collaboration with the Presidential Services Team and business risk and compliance teams. Collaborate with Global Compliance functions including Privacy, Ethical Conduct, GRS Compliance, Global Financial Crimes, and Compliance Enablement to share best practices and strengthen enterprise-wide risk mitigation and compliance efforts. Potential to engage with compliance partners globally, offering opportunities for international collaboration. Uphold the highest standards of legal ethics, professionalism, and corporate responsibility. Qualifications: Completion of law school with a J.D. or L.L.B. degree and admission to the bar of at least one jurisdiction in the United States required. Strong Litigation Background Excellent oral and written communication skills, client focus, managing multiple priorities, attention to detail and demonstrated ability to conduct research and analysis of legal issues. Generally requires at least seven years` experience as a practicing attorney. Experience working with regulatory compliance and guidelines relevant to the insurance industry is highly preferred.
Liberty Mutual Insurance's USRM Compliance Team has an exciting opportunity for a highly qualified attorney to provide expert compliance support for USRM. As a USRM Compliance Counsel within our Global Compliance & Ethics Group, you will offer legal compliance and regulatory advice, manage interactions with state Departments of Insurance (DOI), and assist with remediation efforts. This role demands a strong understanding of regulatory requirements and their impact across various functions within the organization. You will work closely with the USRM Compliance Officer, the Regulatory Compliance Management (RCM) analysts, USRM Legal, and other key stakeholders to develop strategic responses to regulatory inquiries, ensuring compliance with industry standards while fostering positive regulatory relationships. This is a hybrid position and has in-office requirement of twice a week. Responsibilities: Provide high-quality oral and written compliance advice to internal clients in a cost-effective manner. Strong negotiation skills are essential. Recommend practical, legally permissible courses of action that align with client goals and consider potential regulatory consequences. Stay current on regulatory developments, legal issues, and industry trends. Manage interactions on behalf of the Company with DOIs, including market conduct exams, complaints, and data calls. Coordinate information gathering from diverse stakeholders to respond effectively to regulatory inquiries and apply creative problem-solving skills to address challenging DOI requests, ensuring timely, accurate regulatory submissions all while developing and maintaining strong relationships with regulators across the U.S. Maintain a deep understanding of our business lines claims, underwriting, sales, service, advertising etc. for both USRM and GRS. Engage with senior business leaders to advise on regulatory risks that could impact business goals and initiatives. Actively contribute to enhancing the efficiency and effectiveness of USRM Compliance operations by identifying and implementing improvement opportunities. Support proactive risk mitigation and regulatory exam avoidance through data-driven insights and collaboration with the Presidential Services Team and business risk and compliance teams. Collaborate with Global Compliance functions including Privacy, Ethical Conduct, GRS Compliance, Global Financial Crimes, and Compliance Enablement to share best practices and strengthen enterprise-wide risk mitigation and compliance efforts. Potential to engage with compliance partners globally, offering opportunities for international collaboration. Uphold the highest standards of legal ethics, professionalism, and corporate responsibility. Qualifications: Completion of law school with a J.D. or L.L.B. degree and admission to the bar of at least one jurisdiction in the United States required. Strong Litigation Background Excellent oral and written communication skills, client focus, managing multiple priorities, attention to detail and demonstrated ability to conduct research and analysis of legal issues. Generally requires at least seven years` experience as a practicing attorney. Experience working with regulatory compliance and guidelines relevant to the insurance industry is highly preferred.