Position Summary
The Life Insurance Council of New York (LICONY) works to create and maintain a
legislative and regulatory environment that encourages its members to conduct and
grow their life insurance businesses here in New York State.

We are seeking a Managing Director of Regulatory Affairs to contribute to our mission of
being the principal voice of the life insurance industry in New York. The primary responsibility of the Managing Director is to facilitate implementation of defined regulatory strategies of the organization under the direction of the President. Based in
our Albany headquarters, they will identify and anticipate new or changing regulations,
coordinate with LICONY members and other stakeholders to develop strategies that address industry needs and be the primary contact for LICONY with the staff of the Life Bureau of the New Yor State Department of Financial Services.

Position Duties

• Identify and inform members on regulatory initiatives affecting the life insurance industry and LICONY members.
• Develop and secure approval for the annual LICONY Regulatory Priorities Agenda
  from the LICONY Legislative and Regulatory Committee.
• Develop regulatory strategies and work with the President to obtain Board approval,
  where necessary, on such strategies.
• Implement regulatory strategies under the direction of the President to effectively deal with the identified issues, managing specified regulatory issues and assisting other LICONY officers.
• Integrate both the regulatory and legislative aspects of issues where necessary and advantageous.
• Advocate LICONY positions with respect to officials at the New York State Department of Financial Services, and occasionally members of the staffs of the Senate, the Assembly and the Administration.
• Report on and provide analysis of issues for the benefit of LICONY members and make presentations at LICONY meetings.
• Participate in LICONY Legislative and Regulatory Committee meetings and develop
  agendas for discussion.
• Assist in planning and executing the Annual LICONY Legislative and Regulatory Conference and Annual Legal & Compliance Seminar, and other seminars/webinars.
• Lead and plan agendas and faculty for LICONY Annual Legal & Compliance
  Seminar.
• Represent LICONY at the quarterly national meetings of the National Association of Insurance Commissioners (NAIC), including tracking issue developments within the NAIC of relevance to LICONY member interests.
• Serve as a liaison for LICONY with the American Council of Life Insurers and other relevant insurance industry trade organizations.

Requirements

• Ten-plus years of progressive experience and accomplishment in the financial
  services industry, government service, or in government relations and advocacy.
• Excellent writing, verbal, and organizational skills.
• Practical, strategic, and tactical understanding of the New York State legislative and
  regulatory process and environment and how they interact.
• Ability to build constructive relationships with a wide range of stakeholders, including
  LICONY members, New York State regulators, and elected officials and staff.
• Ability to operate effectively and determine a path forward in the face of complexity,
  conflict, and uncertainty.
• Possessive of a strong team mindset and ability to collaborate and communicate
  with broader teams and coalitions.
• Position is based in Albany, in accordance with LICONY’s hybrid work schedule.

Preferred Qualifications

• Familiarity working with Department of Financial Services, Department of Health, and other relevant New York State regulatory agencies.
• Law or other advanced degree preferred.

The Government Relations team is responsible for:

• Serving as the primary point of contact with Federal and state regulators for Equitable and its insurance companies, including representation of the Company before state insurance departments and other regulatory bodies
• Representing the Company within industry trade organizations with respect to issues affecting the life insurance industry in general, as well as managing the Company’s relationships with such organizations
• Identifying legislative and regulatory changes that could potentially impact the Company, partnering with affected business areas to determine the Company’s position, and devising and executing advocacy strategies to advance the Company’s position

 Specific responsibilities include, but are not limited to: 

• Representing the Company before state and federal regulators as well as within state and national trade organizations, and coordinating efforts of outside firms and lobbyists, in each case to drive the Company’s agenda related to various advocacy initiatives
• Maintaining and developing relationships with key decisionmakers at both the state and federal level with respect to laws and regulations affecting the life insurance industry
• Identifying and supporting the development of the Company’s legislative and regulatory priorities, liaising with internal partners to develop the Company’s position on pending legislation and regulation, and devising strategies to advance the Company’s priorities/positions
• Responding to regulatory inquiries, including reviewing relevant state and federal laws and regulations and managing internal and external resources as appropriate

Travel: This role will require 25% travel.

Overview

Responsibilities

As Securities Paralegal, you will be involved in filing securities products with the Securities and Exchange Commission (SEC). Your responsibilities will include preparing and organizing legal documents, ensuring compliance with regulatory requirements, conducting research on securities laws, assisting in the drafting of disclosure documents, communicating with regulatory authorities, and managing deadlines associated with the filing process. You will play a crucial role in supporting attorneys and ensuring the accuracy and completeness of submissions to the SEC.

In addition, you’ll work collaboratively with several attorneys and other paralegals, who support multiple business units on a broad range of other important legal and compliance issues.  You will have the opportunity to work on a variety of projects and assignments and must have the ability to multi-task and prioritize. Interpersonal skills, initiative and excellent communication skills will be critical to success in this position.

You are

• Someone who enjoys working in a team environment while achieving results independently. Your confidence allows you to develop relationships with a wide variety of individuals and to make decisions. 

• You can juggle multiple assignments and clearly and concisely communicate advice.

Functional Job Summary:

• Provide high-level complex compliance services through in-depth legal research and design, development, implementation and maintenance of superior, legally defensible, and system compatible group and individual insurance and annuity products. 
• Work autonomously and exercise judgement and discretion in making decisions. 
• Maintain and enhance The Standard's and NM’s favorable reputation with state insurance departments, professional organizations, and competitors.

Job Complexity & Judgment:  Works on diverse assignments of complex scope.  Exercises independent judgement and discretion based on analysis of multiple sources of information and multiple factors to resolve complex issues.  Makes recommendations for new processes or procedures.

Independence & Supervision required:  Generally, works independently with minimal guidance.  Work and results are often shared with team.

Interaction & Influence:  Contacts are typically division-wide and outside the company as needed to provide or obtain information.  Consults with Management on unusual situations and able to influence decisions.  Effective team player.

About the role

In this challenging and dynamic role, you will have the opportunity to demonstrate your legal expertise by being responsible for legal aspects pertaining to the Institutional Markets businesses.  This position will report to the Deputy General Counsel, responsible for legal affairs related to the Institutional Markets business of AIG Life and Retirement.

• This position has a broad scope of work.  This role is primarily dedicated to:  (i)  providing general contract, insurance regulatory and transactional legal support for AIG Life and Retirement’s Institutional Markets pension risk transfer (“PRT”) business in the U.S. and Reinsurance Strategy (“Reinsurance”);  (ii)  negotiation of assumption and ceded reinsurance transactions; and (iii) supporting new initiatives primarily for PRT and Reinsurance. 
• The position will also assist the Institutional Markets team in respect of other business lines such as structured settlements, medium term note offerings, stable value wrap and private placement products.
• Areas of responsibility for this role will include support of product development, transactional negotiation and investments/capital markets matters.  This will include drafting and negotiation of all relevant contracts and documentation as well as filings with applicable regulators in conjunction with the PRT business team or from a Reinsurance perspective. 
• The position will also work cross functionally to assist the other Institutional Markets lines of business when necessary, collaborate with the legal teams across AIG and provide support with respect to legislative tracking, compliance and handling of special projects.  
• Tax and ERISA knowledge is a plus.