Legal Director Credit Risk Solutions

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Legal Director Credit Risk Solutions

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Legal Director Credit Risk Solutions

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WTWGet AI-powered advice on this job and more exclusive features.Description

At WTW, we believe difference makes us stronger. We want our workforce to reflect the different and varied markets we operate in and to build a culture of inclusivity that makes colleagues feel welcome, valued and empowered to bring their whole selves to work every day. We are an equal opportunity employer committed to fostering an inclusive work environment throughout our organisation. We embrace all types of diversity.Description

At WTW, we believe difference makes us stronger. We want our workforce to reflect the different and varied markets we operate in and to build a culture of inclusivity that makes colleagues feel welcome, valued and empowered to bring their whole selves to work every day. We are an equal opportunity employer committed to fostering an inclusive work environment throughout our organisation. We embrace all types of diversity.

The Role

We are seeking an experienced and driven Legal Director to join our Credit Risk Solutions legal team to provide legal support to our global team of credit risk insurance brokers. You will join a dynamic and growing team and will have a crucial role in ensuring that our credit risk insurance wordings are in line with legal and market practice as well as meeting our clients’ needs. You will collaborate closely with senior stakeholders within Credit Risk Solutions to support our future growth and innovation within the credit risk insurance market.

Duties and responsibilities will include but not be limited to:

Supporting brokers in the drafting and reviewing of credit risk insurance policy wordings for financial institution clients, ensuring that these meet client needs and represent market best practice.Assisting claims team with any legal technical issues arising from claims or circumstances that might result in a claim under credit risk insurance policies.Providing the teams across Credit Risk Solutions with general legal, regulatory and technical advice including advice on policy wordings and transaction / loan documentation.Supporting brokers in discussing policy wordings with clients, including engaging directly with clients to advise on policy terms and to answer questions on policy wordings and requirements.Supporting brokers in negotiating policy wordings with underwriters.Active participation with industry bodies such as ITFA, IACPM and LMA.Participation in new product initiatives and innovation, including the development of documentation for alternative credit insurance products.

Qualifications

The Requirements

The ideal candidate will have the following skill sets and attributes:

Professional qualifications: admitted solicitor in England and WalesMinimum of five years'' post-qualification experience (PQE) in insurance or financeDetailed knowledge of credit risk insurance wordings and the Insurance Act 2015Knowledge of trade finance, receivables finance and corporate finance structures and documentation (including Loan Market Association documentation)Knowledge of relevant regulatory matters, such as capital relief requirements under Basel IV and Reg. Q would be a plus, but is not essentialKnowledge of structured credit products, such as loan repacks and SRT would be a plus, but is not essentialAbility to use analytical skills to make sound judgements and recommendationsAbility to work both independently and as part of a teamAbility to work under pressure to tight deadlinesExcellent attention to detailExcellent communication (written, verbal, oral and presentation) skills and interpersonal skills essential.

The Application Process

Stage 1: Online application and recruiter reviewStage 2: Recruiter Screening CallStage 3: 1st Round Interviews – Competency formatStage 4: 2nd Round Interviews – Competency formatStage 5: Offer and onboarding.

We’re committed to equal employment opportunity and provide application, interview and workplace adjustments and accommodations to all applicants. If you foresee any barriers, from the application process through to joining WTW, please email

candidate.helpdesk@willistowerswatson.com

.Seniority level

Seniority level Mid-Senior levelEmployment type

Employment type Full-timeJob function

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