AVP, Associate General Counsel - Financial Regulations & NF Reinsurance

If you're passionate about being part of a diverse organization that enables a Fortune 100 company to deliver innovative business solutions with excellence, then Nationwide's Legal team could be the place for you! At Nationwide®, “on your side” goes beyond just words. Our customers are at the center of everything we do and we’re looking for associates who are passionate about delivering extraordinary care.

Please Note: This position is open to working remotely in the United States with expectation to come onsite periodically.

Job Description Summary

Would you thrive in an environment where you can deliver top-quality legal services to support the goals and objectives of a Fortune 100 insurance and financial services company? If you possess the legal education, skills and expertise needed to provide outstanding service, advice, and counsel, we want to hear from you!

As a General Counsel, you'll ensure that legal services are provided through a team of attorneys and legal professionals in support of Nationwide’s efforts to expand the growth of all of its Financial Services businesses. We'll count on you to work closely with the Office of the Chief Legal Officer (OCLO), business and senior leaders to evaluate the legal impact of various corporate or department strategies. You’ll support the Enterprise and OCLO strategic goals of protecting Nationwide from legal and regulatory compliance risk associated with billing and payments activities, including Regulation E and Sanctions laws and regulations.

Job Description

• Lead and manage a legal team responsible for preserving financial strength and protection of the Nationwide Enterprise and its customers through support for Corporate Treasury and various Corporate Financial Transactions, including debt issuances, surplus notes issuances, cat bond issuances, credit facilities, liquidity and funding arrangements (e.g., FHLB, commercial paper), intercompany borrowings, capital movement transactions, intercompany pooling agreements, cost sharing agreements, tax sharing agreements, etc.
• Drives operational excellence in support of NF Reinsurance, Financial Transactions and Financial Regulation support, including driving continuous improvement opportunities and identifies efficiencies through automation and development of capabilities to measure performance through tracking metrics.
• Liaises with state insurance departments to obtain approval for various material financial transactions (including acquisitions) and dividends.
• Provides strategic thought leadership on the provision of legal and regulatory support for the above areas with a focus on improving processes for transactions, due diligence production/diligence calls, financial statement disclosures
• Strategic thought leadership on structuring options for NF reinsurance transactions
• Provides strategic direction to team responsible for Corporate Treasury activity including banking agreements with key banking partners (e.g., JPMC, Wells Fargo, BNYM), Payment services agreements, PCI/NACHA contractual compliance considerations.
• Provides advice on all aspects of credit and funding agreements.  Oversees a team that addresses Corporate Treasury and Finance activity.

May perform other responsibilities as assigned. 

Reporting Relationships: Reports to VP, Legal Counsel.

Typical Skills And Experience:

Education: Juris Doctorate (JD) from an American Bar Association-accredited law school.

Licensing Requirement: Associates reporting within Nationwide’s Office of the Chief Legal Officer (OCLO) who are functioning in attorney roles must be fully licensed in accordance with OCLO policy, in good standing and in compliance with all continuing legal education requirements at all times in the state(s) in which they practice.

Experience: Typically, ten years of legal practice with regulatory legal experience preferred; organizational and managerial skills; and understanding of relevant insurance, financial and investment regulations.  Ten years of experience support corporate finance, banking law, corporate law, life and annuity reinsurance, state insurance financial regulation.

Knowledge, Abilities and Skills: Strong leadership, communication and organizational skills, including regular interface with senior leadership and key external partners such as Treasury, Finance, NF CFOs, key insurance brokers, key banking partners, etc.  Ability to set strategic direction of team in alignment with Enterprise and OCLO priorities, establish clear goals to satisfy those strategic priorities, and develop metrics to track success relative to objectives to demonstrate achievement of goals/priorities.  Deep knowledge of life and annuity reinsurance and risk transfer solutions, including considerations for writing reinsurance risks in international markets.  Ability to independently engage and manage outside counsel legal support.

Other criteria, including leadership skills, competencies and experiences may take precedence.

Staffing exceptions to the above must be approved by the hiring manager’s leader and Human Resource Business Partner.

Values: Regularly and consistently demonstrates the Nationwide Values.

Job Conditions:

Overtime Eligibility: Exempt (Exempt)

Working Conditions: Normal office environment.

ADA: The above statements cover what are generally believed to be principal and essential functions of this job.  Specific circumstances may allow or require some people assigned to the job to perform a somewhat different combination of duties. 

We currently anticipate accepting applications until 11/04/2025. However, we encourage early submissions, as the posting may close sooner if a strong candidate slate is identified before the deadline.

Benefits

We have an array of benefits to fit your needs, including: medical/dental/vision, life insurance, short and long term disability coverage, paid time off with newly hired associates receiving a minimum of 18 days paid time off each full calendar year pro-rated quarterly based on hire date, nine paid holidays, 8 hours of Lifetime paid time off, 8 hours of Unity Day paid time off, 401(k) with company match, company-paid pension plan, business casual attire, and more. To learn more about the benefits we offer, click here.

Nationwide is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive culture where everyone feels challenged, appreciated, respected and engaged. Nationwide prohibits discrimination and harassment and affords equal employment opportunities to employees and applicants without regard to any characteristic (or classification) protected by applicable law.

This position could be filled within any of the lower 48 U.S. states.#legalSmoke-Free Iowa Statement: Nationwide Mutual Insurance Company, its affiliates and subsidiaries comply with the Iowa Smokefree Air Act. Smoking is prohibited in all enclosed areas on or around company premises as well as company issued vehicles. The company offers designated smoking areas in which smoking is permitted at each individual location. The Act prohibits retaliation for reporting complaints or violations. For more information on the Iowa Smokefree Air Act, individuals may contact the Smokefree Air Act Helpline at 888-944-2247.
For NY residents please review the following state law information: Notice of Employee Rights, Protections, and Obligations LS740 (ny.gov) https://dol.ny.gov/system/files/documents/2022/02/ls740_1.pdf

Note To Employment Agencies:

We value the partnerships we have built with our preferred vendors. Nationwide does not accept unsolicited resumes from employment agencies. All resumes submitted by employment agencies directly to any Nationwide employee or hiring manager in any form without a signed Nationwide Client Services Agreement on file and search engagement for that position will be deemed unsolicited in nature. No fee will be paid in the event the candidate is subsequently hired as a result of the referral or through other means.

Nationwide pays on a geographic-specific salary structure and placement within the actual starting salary range for this position will be determined by a number of factors including the skills, education, training, credentials and experience of the candidate; the scope, complexity and location of the role as well as the cost of labor in the market; and other conditions of employment. If a Sales job, Sales Incentives, based on performance goals are possible in addition to this range. Note on Compensation for Part-Time Roles: Please be aware that the salary ranges listed below reflect full-time compensation. Actual compensation may be prorated based on the number of hours worked relative to a full-time schedule.The national salary range for AVP, Associate General Counsel - 112515 : $162,000.00-$320,000.00The expected starting salary range for AVP, Associate General Counsel - 112515 : $171,000.00 - $287,000.00