Regulatory Counsel

Job Title: Regulatory Counsel

Division: Compliance

Reports To: Senior Regulatory Counsel - Licensing & Data Privacy

Key Relationships: U.S. Regulatory and Compliance team, Underwriting, Partner Engagement, Claims

Job Summary: The position involves providing legal and regulatory support to Beazley, which primarily includes supporting the Licensing & Data Privacy team. This role supports Canadian insurance licensing requirements. Additionally, all Regulatory Counsel are expected to be or become subject matter experts for regulatory questions concerning specific products that Beazley sells, e.g. cyber insurance. This role will be responsible for keeping abreast certain States regulatory requirements and horizon scanning. This requires routinely attending APCIA conference calls as well utilizing Beazley's horizon scanning tools. Regulatory Counsel research and analyse regulatory requirements, draft responses to complaints and litigation. The role requires ensuring that legislative changes are monitored and communicated to relevant personnel, performing regulatory research, and developing training materials. The position involves drafting legal documents and managing outside legal counsel. This role will routinely liaise with other departments, including the Information Security and IT departments, Finance, Underwriting and Claims.

FLSA: Exempt

Key Responsibilities

Provide legal and regulatory support to Beazley, which includes:

• Ensure legislative changes relevant to data privacy, cybersecurity, and Artificial Intelligence are properly monitored, and that colleagues, management and affected personnel are advised accordingly.
• Draft responses to complaints filed with Departments of Insurance and/or other regulators by Property and Casualty and Accident and Sickness insureds.
• Respond to lawsuits, subpoenas, information requests, demand, and other litigation filed by insureds or third parties. This includes drafting responses, locating documents, liaising with claims, underwriting, or other internal departments, and creating litigation strategy.
• Advise on regulatory changes impacting the claims and broker department including regulator guidance, and data reporting requirement. Assist stakeholders as needed to implement changes and/or submit work product to the relevant regulators.
• Keep abreast of Canadian insurance licensing requirements and ensure Beazley remains compliant.
• Draft reports for relevant internal Boards and Committees outlining.
• Ensure legislative changes and proposals relevant to their assigned states are properly monitored, and that colleagues, management and affected personnel are advised accordingly.
• Advise on legal and regulatory issues in Canada, including company and employee licesning, claims handling, and broker agreements.
• Perform regulatory research and projects.
• Develop and implement resource and training materials and programs.
• Research and analyse laws, regulations and sub-regulatory materials.
• Provide written and verbal legal opinions on a variety of legal issues.
• Draft agreements, contracts and other legal documents.
• Communicate and negotiate with external parties (regulators, external counsel).
• Manage outside legal counsel to ensure cost effective and efficient legal services.
• Additional tasks as assigned by your manager.

General

It Is Important That Within All Your Interactions Both Internally And Externally You Adhere To Beazley's Core Values - Being Bold, Striving For Better, And Doing The Right Thing - As They Contribute To An Internal Environment Of Teamwork And Promote a Positive Brand Image And Experience To Our External Customers. We Also Expect Beazley Employees To:

• Comply with Beazley procedures, policies and regulations including the code of conduct.
• Undertake training on Beazley policies and procedures as delivered by your line manager, the Culture & People or assurance teams (compliance, risk, internal audit) either directly, via e-learning or the learning management system.
• Display business ethics that uphold the interests of all our customers.
• Ensure all interactions with customers are focused on delivering a fair outcome, including having the right products for their needs.
• Comply with any specific responsibilities necessary for your role as outlined by your line manager, the Culture & People or assurance teams (compliance, risk, internal audit) and ensure you keep up to date with developments in these areas. This may include, amongst others, Beazley's underwriting control standards, Beazley's claims control standards, other Beazley standards and customer relationship management.
• Carry out additional responsibilities as individually notified, either through your objectives or through the learning management system. These may include membership of any Beazley committees or working groups.

Education And Qualifications

• Juris Doctor and member of the bar in good standing in at least one state.

Skills And Abilities

• Excellent oral and written communication skills. Able to clearly and concisely communicate regulatory requirements to stakeholders.
• Strong legal research skills, with a focus on insurance regulatory research.
• Ability to determine, understand and analyze legal/regulatory requirements and their impact on insurance contracts and business practices and plans, develop solutions.
• Attention to detail, strong organizational skills and ability to work on multiple tasks.
• Ability to interact and work collaboratively and constructively with various people at various levels within and outside the organization.
• Ability to appreciate the importance of, track, and meet deadlines.
• Professional, responsible and responsive approach to role and functions.
• Strong computer skills including a working knowledge of MS Office Suite.

Knowledge and Experience

• Experience with Property and Casualty insurance and claims litigation preferred.
• Knowledge of US data privacy, security, and Artificial Intelligence regulatory landscape including CCPA, NYDFS Cybersecurity Amendments, GDPR generally, NIST standards, and HIPAA.
• Strong written and oral communication skills.
• Understanding of the need for accurate and timely management information.

Aptitude and Disposition

• Task focused, self-motivated and adaptable.
• Quick learner of new areas of the law and the organization.
• Able to successfully interact with colleagues and external stakeholders.
• Positive, enthusiastic, and service oriented.
• Able to work well with others and independently. Able to step into leadership roles on projects.

Competencies

• Analytical thinking.
• Information seeking.
• Customer focused.
• Team player.
• Detail oriented.
• Problem solving.
• Effective communicator.
• Organised.

Who We Are:

Beazley is a specialist insurance company with over 30 years' experience helping people, communities and businesses to manage risk all around the world. Our mission is to inspire our clients and people with the confidence and freedom to explore, create and build - to enable businesses to thrive. Our clients want to live and work freely and fully, knowing they are benefitting from the most advanced thinking in the insurance market. Our goal is to become the highest performing sustainable specialist insurer.

Our products are wide ranging, from cyber & tech insurance to marine, healthcare, financial institutions and contingency; covering risks such as the weather, film production or protection from deadly weapons.

Our Culture

We have a wonderful mix of cultures, experiences, and backgrounds at Beazley with over 2,000 of us working around the world. Employee's diversity, experience and passion allow us to keep innovating and moving forward, delivering the best. We are proud of our family-feel culture at Beazley that empowers our staff to work from when and where they want, in an adult environment that is big on collaboration, diversity of thought and personal accountability. Our three core values inspire the way we work and how we treat our people and customers.

• Be bold
• Strive for better
• Do the right thing

Upholding these values every day has enabled us to become an innovative and responsive organization in touch with the changing world around us - our ambitious inclusion & diversity and sustainability targets are testament to this.

We are a flexible and innovative employer offering a friendly, collaborative, and inclusive working environment. We actively encourage and expect applications from all backgrounds. Our commitment to fostering a supportive and dynamic workplace ensures that every employee can thrive and contribute to our collective success.

Explore a variety of networks to assist with professional and/or personal development. Our Employee Networks include:

• Beazley RACE - Including, understanding and celebrating People of Colour
• Beazley SHE - Successful, High potential, Empowered women in insurance
• Beazley Proud - Our global LGBTQ+ community
• Beazley Wellbeing - Supporting employees with their mental wellbeing
• Beazley Families - Supporting families and parents-to-be

We encourage internal career progression at Beazley, giving you all the tools you need to drive your own career here, such as:

• Internal Pathways (helping you grow into an underwriting role)
• iLearn (our own learning & development platform)
• LinkedIn Learning
• Mentorship program
• External qualification sponsorship
• Continuing education and tuition reimbursement
• Secondment assignments

The Rewards

• The opportunity to connect and build long-lasting professional relationships while advancing your career with a growing, dynamic organization
• Attractive base compensation and discretionary performance related bonus
• Competitively priced medical, dental and vision insurance
• Company paid life, and short- and long-term disability insurance
• 401(k) plan with 5% company match and immediate vesting
• 22 days PTO (prorated for 1st calendar year of employment), 11 paid holidays per year, with the ability to flex the religious bank holidays to suit your religious beliefs
• Up to $700 reimbursement for home office setup
• Free in-office lunch, travel reimbursement for travel to office, and monthly lifestyle allowance
• Up to 26 weeks of fully paid parental leave
• Up to 2.5 days paid annually for volunteering at a charity of your choice
• Flexible working policy, trusting our employees to do what works best for them and their teams

Salary for this role will be tailored to the successful individual's location and experience. The expected compensation range for this position is $138,000-$148,000 per year plus discretionary annual bonus.

Don't meet all the requirements? At Beazley we're committed to building a diverse, inclusive, and authentic workplace. If you're excited about this role but your experience doesn't perfectly align with every requirement and qualification in the job specification, we encourage you to apply anyway. You might just be the right candidate for this, or one of our other roles.