This is an opportunity for an in-house pensions lawyer to join them 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.
* Provide expert legal counsel on the development of their 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 from a BPA perspective
* Maintain up to date knowledge of legislative changes and industry best practice relevant to their business
* Maintain competence and fitness and propriety standards to the level required by the Company’s regulators
* Provide 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.
* Experience working in the BPA sector desirable.