Deputy Counsel, NS
About the Company
The New York State Department of Financial Services seeks to build an equitable, transparent, and resilient financial system that benefits individuals and supports business. Through engagement, data-driven regulation and policy, and operational excellence, the Department and its employees are responsible for empowering consumers and protecting them from financial harm; ensuring the health of the entities we regulate; driving economic growth in New York through responsible innovation; and preserving the stability of the global financial system.
About the Job
The Department of Financial Services is seeking candidates for the position of Deputy Counsel within the Office of General Counsel (Insurance) located in NYC. The Deputy Counsel duties will include, but are not limited to, the following:
Responsibilities
Assists the Insurance Division with the review and approval of holding company transactions, reorganizations, demutalizations, and mergers
Renders professional regulatory legal services of a high degree of difficulty involving application of the New York Insurance Law and regulations promulgated thereunder to regulated persons, including providing legal advice to the Insurance Division on insurer investments, reinsurance, life insurance, retirement systems, financial guaranty insurance, and insurer taxation
Assists the Research and Analysis Bureau with the run-off, rehabilitation, and restructuring of financial guaranty insurers
Assists with policy and practical matters concerning the regulation of insurers doing business in New York
Provides counsel and advice to management about complex legal matters and the interpretation and implementation of State and federal legislation and court decisions
Develops and approves legal strategies for sensitive cases and matters
Drafts, reviews, and edits insurance regulations, insurance-related legislation, and insurance-related industry guidance
Researches and drafts memorandums in response to insurance-related legal inquiries
Attends World Trade Center Captive and Medical Malpractice Insurance Pool (“MMIP”) meetings
Sits in on NAIC task forces, committees, and working groups
Serves as a hearing officer in select hearings
May supervise less experienced attorneys within the Office of General Counsel
Other duties as assigned
Qualifications
Minimum Qualifications:
Law degree from an accredited law school
Admission to, and member in good standing of, the New York State Bar
6+ years of relevant post-bar experience
Preferred Qualifications:
Strong insurance experience and familiarity with the New York Insurance Law and regulations promulgated thereunder
Superior written and legal research skills
