AVP Attorney, Retirement & Income Solutions

  • Met Life
  • $148,840.00 - 206,040.00 / Year *
  • 21 Warren St, New York, NY 10007
  • Full-Time
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Position: Assistant General Counsel - RIS Structured ProductsJob Location: New York, NYDepartment:The Role:This position will support MetLife's Retirement & Income Solutions (RIS) business and provide advice on structured insurance products, including registered and unregistered securities, stable value contracts, guaranteed interest contracts (GICs), funding agreements, group annuities and group life insurance specifically offered to corporations and banks (COLI/BOLI products). The Structured Products lawyer will advise senior management of RIS and work closely with Investments, Actuarial, Tax/ERISA and Finance on product development activities and distribution arrangements for these products.Key Responsibilities:* Serve as the principal legal adviser for MetLife's Stable Value and the COLI/BOLI businesses as well provide support and advice on other Structured Products offered by RIS* Provide legal analysis and advice on product development and underwriting activities, regulatory filing and registration requirements, marketing materials and practices, and all other issues related to RIS Structured Products* Draft, review and revise product documentation, including policies, contracts, certificates, disclosure documents (offering memorandums and registration statements), distribution arrangements, and separate account plans of operations and investment management agreements* Assess and communicate legal and regulatory risks associated with RIS Structured Products and counsel the business partners on ways to effectively mitigate such risks* Leverage internal MetLife legal resources, including subject matter experts from throughout the Law Department, as well as outside counsel when necessary to ensure that RIS has consistent access to effective legal support for Structured Products* Encourage development of the necessary skills and legal expertise within the MetLife Law Department to ensure adequate bench strength and capabilities exist to support RIS Structured Products over the long termKey Relationships:* Reports to: VP & Associate General Counsel Retirement & Income Solutions* Key Stakeholders: Heads of Coli/Boli businessesCandidate Qualifications:* Law degree (J.D. or equivalent) and bar admission required with a minimum of eight years of relevant legal experience, preferably with a strong record of in-house success. Ideal candidate will have 10 or more years of experience working with complex insurance products.* Admitted to practice law in the State of New York or be qualified to be admitted to practice as in-house counsel.* Extensive experience drafting and negotiating group annuity, group life insurance policies and other group insurance products, including Stable Value products and collective investment trust documentation* Subject matter expertise in the Securities Act of 1933, the Investment Company Act of 1940, the Securities Exchange Act of 1934 and FINRA rules and regulations as they relate to insurance products* Basic understanding of the Investment Advisers Act of 1940, ERISA and tax issues that impact qualified plans and institutional investors* Familiarity with the rules and regulations promulgated by the Commodity Futures Trading Commission and its SRO, the National Futures Association* Experience dealing with state and federal regulators and working with institutional investors, qualified plans and accredited investors* Ability to handle complex legal matters with minimal oversight while escalating significant issues in a timely fashion* Sound judgment, a high degree of professionalism, an ability to prioritize and adhere to deadlines, and leadership competencies to motivate, train and develop others* Communicates clearly, concisely and persuasively with a variety of internal stakeholders (corporate business partners, team members, functional colleagues, etc.), works collaboratively and builds effective partnershipsMetLife:MetLife, through its subsidiaries and affiliates, is one of the world's leading financial services companies, providing insurance, annuities, employee benefits and asset management to help its individual and institutional customers navigate their changing world. Founded in 1868, MetLife has operations in more than 40 countries and holds leading market positions in the United States, Japan, Latin America, Asia, Europe and the Middle East.We are one of the largest institutional investors in the U.S. with more than 588.7 billion in total assets under management as of December 31, 2018. We are ranked #43 on the Fortune 500 list for 2018. In 2018, we were named to the Dow Jones Sustainability Index (DJSI) for the third year in a row. DJSI is a global index to track the leading sustainability-driven companies.Our goal in everything we do is to offer customers truly differentiated value propositions that allow us to establish clear competitive advantages. We pride ourselves on being a trusted partner to our customers as they navigate life's twists and turns. Visit us at www.metlife.com to learn more about our brand, history, and values.MetLife is a proud equal opportunity/affirmative action employer committed to attracting, retaining, and maximizing the performance of a diverse and inclusive workforce. It is MetLife's policy to ensure equal employment opportunity without discrimination or harassment based on race, color, religion, sex (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity or expression, age, disability, national origin, marital or domestic/civil partnership status, genetic information, citizenship status, uniformed service member or veteran status, or any other characteristic protected by law.MetLife maintains a drug-free workplace.For immediate consideration, click the Apply Now button. You will be directed to complete an on-line profile. Upon completion, you will receive an automated confirmation email verifying you have successfully applied to the job.

* The salary listed in the header is an estimate based on salary data for similar jobs in the same area. Salary or compensation data found in the job description is accurate.