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For Companies At a Glance
- Tasks: Provide legal advice and support for investment fund management and capital markets activities.
- Company: Join Swiss Re, a leader in reinsurance and innovative risk solutions.
- Benefits: Competitive salary, performance bonuses, and global benefits tailored to your needs.
- Why this job: Make an impact in the dynamic world of alternative capital and insurance-linked securities.
- Qualifications: Law degree with 4+ years in asset management or capital markets; strong negotiation skills.
- Other info: Hybrid work model and a culture that values diversity and innovation.
The predicted salary is between 94000 - 140000 £ per year.
About the Role
In your role you will:
- Provide legal advice and transactional support in relation to the investment fund management and capital markets activities of the ILS business teams within the Alternative Capital Partners (ACP) division of Swiss Re. These activities include the management, structuring and placement of alternative investment and UCITS funds and fund interests in the ILS asset class; and the provision of structuring and placement services to clients looking to utilise capital markets to transfer risk in the form of catastrophe bonds and ILS products.
- Legal support will span across drafting, negotiation and execution of specific transactions; assisting on new projects; to advising on placement of transactions and formation of investment funds.
- Provide additional legal support to colleagues working on proprietary investment activities of the Swiss Re Group across a range of asset classes, including derivatives, direct lending, real estate, private equity, fixed income and publicly traded securities.
- Analyse and advise on legal and regulatory risks as they apply to the ACP business activities, with a focus on investment manager and capital markets/broker-dealer laws and regulation.
- Assist with corporate governance of legal entities under the ACP umbrella.
- Facilitate coordination and escalation of legal and regulatory issues among legal entity, ACP business team, CCGF Legal, including in particular Lead ACP Legal, the wider legal & compliance division, risk management and other colleagues across Swiss Re's office hubs around the world.
- Monitor legal and regulatory trends affecting investment managers, investment firms/broker-dealers, capital markets and advising collaboratively with Compliance colleagues in relation to preparation of regulatory reports, responses to inquiries and other regulatory matters.
- Foster and maintain positive working relationships with clients, colleagues and outside law firms.
- Provide legal support for new product development in the ILS and alternative risk transfer areas.
- Support internal group projects and strategic initiatives.
- Conduct and/or arrange internal presentations and trainings on legal topics.
About the Team
Swiss Re has been a leader in Insurance-Linked Securities (ILS) since the market's inception in 1997, committed to the development of a market for liquid, transparent and tradable insurance-linked risk products, and leveraging our reinsurance and capital markets experience. ACP combines the resources and capabilities of the Swiss Re Capital Markets ILS team and our investment management teams into a unified centre of expertise that seamlessly offers our partners, and Swiss Re itself, comprehensive alternative capital solutions tailored to their unique objectives. ACP also works very closely with our Portfolio Strategy & Steering team in connection with retrocession to the capital markets. Through its broker-dealer subsidiaries, the Swiss Re Capital Markets ILS team provides structuring and placement services to clients looking to utilise the capital markets to transfer their risk in the form of catastrophe bonds and related products. Our clients, including (re)insurers, governments, corporations, and Swiss Re itself are provided with expertise in both the property & casualty and life & health risk markets, as well as emerging risk pools such as cyber. We work with investors who are interested in participating directly in the cat bond market, as well as providing secondary market trading, weekly and monthly indicative pricing and performance indices as part of our commitment to the market.
About You
Qualification and Experience:
- A law degree and English or New York qualifications, with a minimum of four years' experience, in either asset management or capital markets and/or related transactions or regulation, with a law firm or international financial institution.
- Experience and understanding of MiFID and/or AIFMD, or the U.S. Investment Advisers Act, depending on the particular candidate's background.
- Understanding of securities law and regulation in cross-border scenarios.
- Background in re/insurance business would be helpful, but not necessary.
- Experience with UCITS and with derivatives is a plus.
- Demonstrable expertise in managing legal aspects that affect complex, multi-jurisdictional transactions, including transactional experience in negotiating, structuring and executing complex transactions.
- Understanding of corporate, regulatory, and compliance landscape and their impact on ACP and Swiss Re Group.
- Understanding of the role of the legal & compliance team as control and challenge function and participation in risk management.
- Ability to identify relevant issues, taking initiative in achieving resolution, using a collaborative approach, and understanding of technical and compliance matters that require escalation or greater oversight.
- Effective organisational, multi-tasking, and prioritising skills to handle multiple requests and deadlines.
- Ability to understand and operate successfully in a complex matrixed corporate environment.
- Corporate governance experience is a plus.
Personal skills:
- You identify and report legal risks, provide professional advice, expertise and guidance, and apply sound judgement beyond the dimensions of laws and regulations.
- You are a trusted business partner, who manages relationships and communicates legal concepts clearly and succinctly.
- You possess excellent drafting, negotiation, influencing and legal project management skills.
- You openly share assumptions, beliefs, values and thought process in reaching conclusions and are receptive to constructive challenge, willing to learn, self-reflective, and collaborative.
- You take accountability for progress and/or outcomes, apply a measured appetite for risk, and plan ahead to deliver workable solutions.
Hybrid Work Model
The base salary range for this position is between £94,000 and £140,000 (for a full-time role). The specific salary offered considers: the requirements, scope, complexity and responsibilities of the role, the applicant's own profile including education/qualifications, expertise, specialisation, skills and experience. In addition to your base salary, Swiss Re offers an attractive performance-based variable compensation component, designed to recognise your achievements. Further you will enjoy a variety of global and location-specific benefits. Eligibility may vary depending on the terms of Swiss Re policies and your employment contract.
About Swiss Re
Swiss Re is one of the world’s leading providers of reinsurance, insurance and other forms of insurance-based risk transfer, working to make the world more resilient. We anticipate and manage a wide variety of risks, from natural catastrophes and climate change to cybercrime. Combining experience with creative thinking and cutting-edge expertise, we create new opportunities and solutions for our clients. This is possible thanks to the collaboration of more than 14,000 employees across the world. Our success depends on our ability to build an inclusive culture encouraging fresh perspectives and innovative thinking. We embrace a workplace where everyone has equal opportunities to thrive and develop professionally regardless of their age, gender, race, ethnicity, gender identity and/or expression, sexual orientation, physical or mental ability, skillset, thought or other characteristics. In our inclusive and flexible environment everyone can bring their authentic selves to work and their passion for sustainability. If you are an experienced professional returning to the workforce after a career break, we encourage you to apply for open positions that match your skills and experience.
Legal Counsel, ILS & Asset Management employer: Crossell
Contact Detail:
Crossell Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Legal Counsel, ILS & Asset Management
✨Tip Number 1
Network like a pro! Reach out to your connections in the legal and finance sectors. Attend industry events or webinars where you can meet potential employers or colleagues. Remember, it’s all about who you know!
✨Tip Number 2
Prepare for interviews by researching Swiss Re and its ILS business. Understand their recent projects and challenges in the capital markets. This will help you tailor your answers and show that you’re genuinely interested in the role.
✨Tip Number 3
Practice your negotiation skills! As a Legal Counsel, you’ll need to demonstrate your ability to negotiate effectively. Role-play with a friend or mentor to get comfortable discussing terms and conditions.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, you’ll find more resources and tips on how to ace the process right there.
We think you need these skills to ace Legal Counsel, ILS & Asset Management
Some tips for your application 🫡
Tailor Your Application: Make sure to customise your CV and cover letter to highlight your experience in asset management and capital markets. We want to see how your skills align with the specific requirements of the Legal Counsel role.
Showcase Your Legal Expertise: Don’t hold back on detailing your legal qualifications and experience, especially in areas like MiFID, AIFMD, or the U.S. Investment Advisers Act. We’re looking for someone who can navigate complex legal landscapes with ease.
Be Clear and Concise: When drafting your application, keep it straightforward and to the point. Use clear language to convey your thoughts, as we appreciate candidates who can communicate legal concepts succinctly.
Apply Through Our Website: We encourage you to submit your application directly through our website. It’s the best way for us to receive your details and ensures you’re considered for the role without any hiccups!
How to prepare for a job interview at Crossell
✨Know Your Legal Stuff
Make sure you brush up on your knowledge of investment fund management, capital markets, and relevant regulations like MiFID and AIFMD. Being able to discuss these topics confidently will show that you're not just familiar with the law but also understand how it applies in a practical context.
✨Showcase Your Transactional Experience
Prepare specific examples of complex transactions you've worked on, especially those involving multi-jurisdictional aspects. Highlight your role in drafting, negotiating, and executing these transactions to demonstrate your hands-on experience and problem-solving skills.
✨Build Relationships
Emphasise your ability to foster positive working relationships with clients and colleagues. Be ready to discuss how you've collaborated with different teams or external law firms in the past, as this is crucial for success in a role that requires coordination across various stakeholders.
✨Stay Current on Trends
Research recent legal and regulatory trends affecting investment managers and capital markets. Being able to discuss these trends during your interview will show that you're proactive and engaged with the industry, which is essential for providing effective legal support.
