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Legal Counsel

Legal Counsel

Utmost InternationalUnited Kingdom
30+ days ago
Job type
  • Full-time
Job description

This is an opportunity for an in-house pensions lawyer to join us and help develop a BPA business within a growing and ambitious Life Insurer. There is also opportunity to take on wider corporate and commercial duties.

Responsibilities :

  • Provide expert legal counsel on the development of our BPA business and throughout the transaction process.
  • Interpret and present complex legal considerations and material.
  • Draft, edit and review legal documentation and processes required in the run up to and throughout transactions, including alterations to standard terms and BPA deal contracts.
  • Support the BPA team and Executive Committee in managing third parties involved in the provision of services, including pension scheme trustees, administrators and EBCs.
  • Work closely with the Compliance team to help the BPA and Executive Committee team understand the regulatory and legal landscape.
  • Work closely with the Company Secretary to provide support on day-to-day company legal matters.
  • Manage relationships with any external legal counsel and those assigned to act for third parties.
  • Contribute to the risk management function of Utmost Life and Pensions from a BPA perspective.
  • Maintain up to date knowledge of legislative changes and industry best practice relevant to our business.
  • Maintain competence and fitness and propriety standards to the level required by the Company’s regulators.
  • Provide Utmost Life and Pensions with access to any evidence of competence, fitness and propriety reasonably required, for example permission to carry out DBS and credit history checks.
  • Comply with the FCA’s conduct (and senior conduct) and Consumer Duty rules and the PRA’s conduct (and senior manager conduct) standards.
  • Notify the regulator(s) of matters reasonably expected to be notified.
  • Any other task or activity as may be reasonably expected within this role.

Core Competencies :

  • Strong knowledge of UK Defined Benefit Pensions and the BPA market.
  • Excellent knowledge of the BPA process, from deal execution to buy-out.
  • Demonstrates commercial acumen.
  • Excellent attention to detail, written and verbal communication skills.
  • Able to build productive relationships at all levels.
  • Good presentation and negotiation skills with internal and external stakeholders.
  • Pro-active, pragmatic, adaptable and flexible.

    • Experience and Qualifications :

    Mandatory :

  • Minimum two years’ post qualified experience (either in-house or in practice).
  • Good knowledge and experience of life assurance and pensions business.
  • Knowledge of defined benefit liability management / de-risking work.

    • Desirable :

  • Experience working in the BPA sector.

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