Nationwide Private Client
Senior Counsel - Credit & Political Risk
Nationwide Private Client, Columbus, Ohio, United States, 43224
If you're passionate about being part of a diverse organization that enables a Fortune 100 company to deliver innovative business solutions with excellence, then Nationwide's Legal team could be the place for you! At Nationwide, “on your side” goes beyond just words. Our customers are at the center of everything we do and we’re looking for associates who are passionate about delivering extraordinary care.
This position will be a critical member of the Management Liability & Specialty (MLS) Legal team, part of the Excess, Surplus & Specialty (ESS) Legal team within Nationwide’s Office the Chief Legal Officer (OCLO) and will support relevant matters throughout the Nationwide enterprise. This position involves providing specialized legal, product and regulatory expertise to support the various MLS business cells at Nationwide operating in both the domestic and international marketplaces. The successful candidate will have experience in various areas related to management liability, professional liability, and financial lines insurance products, and related areas including but not limited to regulatory compliance, product distribution, reinsurance, and risk management focused on specific MLS business strategies and opportunities.
Responsibilities
Underwriting Support: focus on supporting and providing counsel to the MLS Credit & Political Risk business cell, including underwriters and other internal stakeholders, on structured policy transactions, issues impacting distribution partner relationships, evaluating and negotiating Terms of Business Agreements (TOBAs), international regulatory issues including licensing and broker placement rules, and collaboration with underwriters, internal Product Management experts, and outside counsel on analyzing, drafting and negotiating policy wordings. Engage with MLS business and functional internal clients regarding various property & casualty insurance product solutions for management liability insurance specialty lines of business, including Credit & Political Risk, Errors & Omissions, Directors & Officers liability, Fiduciary liability, Surety, Cyber, etc. Drafting related policy forms, manuscript forms and endorsements, underwriting guidelines, and assisting the Product Management organization with responding to product filing objections and other filing issues. Evaluating and counseling on the impact of legal and regulatory schemes on the represented business cells, including developing and providing training to underwriting clients on regulatory and legal issues pertinent to their business. Review, analysis and negotiation of international and domestic distribution agreements, NDAs and other contracts. Assisting underwriting and claims partners with respect to understanding and interpreting coverage considerations. Collaborating with OCLO partners on specific matters, including the OCLO Marketing, Enterprise Governance, and Privacy teams. Collaborating with Nationwide’s Corporate Compliance Organization to drive a strong culture of compliance throughout the enterprise. Corporate Risk Management: identify, assess, and mitigate legal risks across the organization and develop strategies to protect the company's interests. Provide legal advice on corporate governance, regulatory environments and structures, legal and regulatory compliance, and risk management for various business opportunities. Insurance and Reinsurance coverage, claims, and dispute resolution matters: advise on coverage issues and (re)insurance recoverable strategies. Collaborate with internal and external legal partners to drive successful handling / recovery of (re)insurance claims arising out of MLS business, including providing strategic advice, oversight, and management of such efforts (may include arbitrated and litigated matters). Alternative Risk Placement Structures: review and provide guidance and analysis on fronting agreements and other alternative risk placement structures considered by MLS business clients, including ancillary agreements and issues, and advise on issues involving program administrators, third party administrators, multinational insurance programs, etc. Address legal and regulatory issues, including licensing, registration, collateralization / securitization, tax, etc. and advise on the establishment, regulation, and ongoing governance and administration relating to alternative risk placement structures; evaluate the legal and regulatory implications of those structures. International Insurance Regulations and Transactions: navigate international regulatory frameworks for cross-border insurance transactions; analyze legal and compliance aspects of global insurance operations with privacy, tax, trade and economic sanctions and other regulatory-implicated partners. Qualifications and Experience
Education: Juris Doctorate from an American Bar Association-accredited law school. License / Certification / Designation: Associates reporting within Nationwide’s OCLO who are functioning in attorney roles must be fully licensed in accordance with OCLO policy, in good standing and in compliance with all continuing legal education requirements at all times in the state(s) in which they practice. Experience: Typically has 15 or more years of relevant legal experience. May have management experience. Has significant experience with or knowledge of one or more areas of law, complex legal practices and procedures, project management concepts and techniques. Considered a subject matter authority within his or her areas of legal expertise. Sound business acumen and knowledge of the business goals and objectives as they relate to the matter at hand. Knowledge, Abilities and Skills: Strong verbal and written communication skills for contacts interacting with all levels within OCLO and with business partners. Analytical ability to interpret statutes, regulations, insurance policies and other contracts. Decision-making ability to set work priorities and make recommendations. Ability to lead cross-functional projects and to initiate, organize and coordinate highly complex projects and/or cases. Ability to lead negotiations that are complex, strategic, or sensitive in nature. Supervisory skills are useful. Significant professional and/or civic involvement. Values and Staffing: Regularly and consistently demonstrates Nationwide Values. Staffing exceptions to the above must be approved by the hiring manager’s leader and HR. Benefits
We have an array of benefits to fit your needs, including: medical / dental / vision, life insurance, short and long-term disability coverage, paid time off with a minimum of 18 days paid time off each full calendar year pro-rated quarterly based on hire date, nine paid holidays, 8 hours of Lifetime paid time off, 8 hours of Unity Day paid time off, 401(k) with company match, company-paid pension plan, business casual attire, and more. Additional notes: This position can be fully remote reporting into the Managing Counsel for the ESS Legal team, as part of the broader Commercial Lines Legal team. LI-CP1. We currently anticipate accepting applications until 10/30/2025. However, we encourage early submissions, as the posting may close sooner if a strong candidate slate is identified before the deadline.
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Underwriting Support: focus on supporting and providing counsel to the MLS Credit & Political Risk business cell, including underwriters and other internal stakeholders, on structured policy transactions, issues impacting distribution partner relationships, evaluating and negotiating Terms of Business Agreements (TOBAs), international regulatory issues including licensing and broker placement rules, and collaboration with underwriters, internal Product Management experts, and outside counsel on analyzing, drafting and negotiating policy wordings. Engage with MLS business and functional internal clients regarding various property & casualty insurance product solutions for management liability insurance specialty lines of business, including Credit & Political Risk, Errors & Omissions, Directors & Officers liability, Fiduciary liability, Surety, Cyber, etc. Drafting related policy forms, manuscript forms and endorsements, underwriting guidelines, and assisting the Product Management organization with responding to product filing objections and other filing issues. Evaluating and counseling on the impact of legal and regulatory schemes on the represented business cells, including developing and providing training to underwriting clients on regulatory and legal issues pertinent to their business. Review, analysis and negotiation of international and domestic distribution agreements, NDAs and other contracts. Assisting underwriting and claims partners with respect to understanding and interpreting coverage considerations. Collaborating with OCLO partners on specific matters, including the OCLO Marketing, Enterprise Governance, and Privacy teams. Collaborating with Nationwide’s Corporate Compliance Organization to drive a strong culture of compliance throughout the enterprise. Corporate Risk Management: identify, assess, and mitigate legal risks across the organization and develop strategies to protect the company's interests. Provide legal advice on corporate governance, regulatory environments and structures, legal and regulatory compliance, and risk management for various business opportunities. Insurance and Reinsurance coverage, claims, and dispute resolution matters: advise on coverage issues and (re)insurance recoverable strategies. Collaborate with internal and external legal partners to drive successful handling / recovery of (re)insurance claims arising out of MLS business, including providing strategic advice, oversight, and management of such efforts (may include arbitrated and litigated matters). Alternative Risk Placement Structures: review and provide guidance and analysis on fronting agreements and other alternative risk placement structures considered by MLS business clients, including ancillary agreements and issues, and advise on issues involving program administrators, third party administrators, multinational insurance programs, etc. Address legal and regulatory issues, including licensing, registration, collateralization / securitization, tax, etc. and advise on the establishment, regulation, and ongoing governance and administration relating to alternative risk placement structures; evaluate the legal and regulatory implications of those structures. International Insurance Regulations and Transactions: navigate international regulatory frameworks for cross-border insurance transactions; analyze legal and compliance aspects of global insurance operations with privacy, tax, trade and economic sanctions and other regulatory-implicated partners. Qualifications and Experience
Education: Juris Doctorate from an American Bar Association-accredited law school. License / Certification / Designation: Associates reporting within Nationwide’s OCLO who are functioning in attorney roles must be fully licensed in accordance with OCLO policy, in good standing and in compliance with all continuing legal education requirements at all times in the state(s) in which they practice. Experience: Typically has 15 or more years of relevant legal experience. May have management experience. Has significant experience with or knowledge of one or more areas of law, complex legal practices and procedures, project management concepts and techniques. Considered a subject matter authority within his or her areas of legal expertise. Sound business acumen and knowledge of the business goals and objectives as they relate to the matter at hand. Knowledge, Abilities and Skills: Strong verbal and written communication skills for contacts interacting with all levels within OCLO and with business partners. Analytical ability to interpret statutes, regulations, insurance policies and other contracts. Decision-making ability to set work priorities and make recommendations. Ability to lead cross-functional projects and to initiate, organize and coordinate highly complex projects and/or cases. Ability to lead negotiations that are complex, strategic, or sensitive in nature. Supervisory skills are useful. Significant professional and/or civic involvement. Values and Staffing: Regularly and consistently demonstrates Nationwide Values. Staffing exceptions to the above must be approved by the hiring manager’s leader and HR. Benefits
We have an array of benefits to fit your needs, including: medical / dental / vision, life insurance, short and long-term disability coverage, paid time off with a minimum of 18 days paid time off each full calendar year pro-rated quarterly based on hire date, nine paid holidays, 8 hours of Lifetime paid time off, 8 hours of Unity Day paid time off, 401(k) with company match, company-paid pension plan, business casual attire, and more. Additional notes: This position can be fully remote reporting into the Managing Counsel for the ESS Legal team, as part of the broader Commercial Lines Legal team. LI-CP1. We currently anticipate accepting applications until 10/30/2025. However, we encourage early submissions, as the posting may close sooner if a strong candidate slate is identified before the deadline.
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