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.
The Requirements
The ideal candidate will have the following skill sets & attributes:
- Professional qualifications: admitted solicitor in England & Wales
- Minimum of five years' post-qualification experience (PQE) in insurance or finance
- Detailed knowledge of credit risk insurance wordings and the Insurance Act 2015
- Knowledge 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 essential
- Knowledge of structured credit products, such as loan repacks and SRT would be a plus, but is not essential
- Ability to use analytical skills to make sound judgements and recommendations
- Ability to work both independently and as part of a team
- Ability to work under pressure to tight deadlines
- Excellent attention to detail
- Excellent communication (written, verbal, oral & presentation) skills and interpersonal skills essential.
The Application Process
- Stage 1: Online application and recruiter review
- Stage 2: Recruiter Screening Call
- Stage 3: 1st Round Interviews – Competency format
- Stage 4: 2nd Round Interviews – Competency format
- Stage 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.