Position Summary
Assured Guaranty is seeking a highly skilled and experienced corporate lawyer to join our dynamic legal team. The Counsel will be responsible for SEC filings and other public disclosures, securities laws matters, corporate governance, contract negotiation, strategic transactions, and rating agency matters. In addition, the Counsel will support aspects of the insurance regulatory function, including making filings on behalf of Assured Guaranty’s insurers.
The Counsel will work closely with the Deputy General Counsel with the objective of growing into a leading role with primary responsibility for Assured Guaranty’s public disclosures and other corporate matters.
Position Description
- Preparation of SEC filings, including proxy statements, 10-K's, 10-Qs and 8-Ks.
- Legal research and advice, including with respect to the Securities Exchange Act and insurance regulations.
- Preparation of corporate governance documentation, including board and committee minutes and materials for quarterly Board of Directors meetings of Assured Guaranty Ltd. (the public parent holding company) and its insurance subsidiaries.
- Review and negotiation of general corporate contracts (e.g., vendor agreements and license agreements).
- Legal support of the investor relations and marketing function, including reviewing press releases and presentations.
- Legal support of the human capital management function, including updating employee benefits plans and forms of offer letters and separation agreements and reviewing privacy and other policies.
- Legal advice and assistance with strategic transactions, including mergers, acquisitions and divestitures.
- Assistance in preparation of insurance regulatory filings, including annual registration statement, enterprise risk report, corporate governance annual disclosure and other disclosures.
- Legal support of rating agency activities, including reviewing contracts and materials for periodic updates.
Candidate Background
- At least five to eight years of major law firm corporate and regulatory experience, ideally involving insurance company clients. Additional experience in the law department of a major financial institution is a plus.
- General corporate and securities law experience and understanding of the legal parameters and practices of corporate disclosure by public companies.
- Familiar with securities laws, rules and regulations, particularly the Securities Act of 1933 and the Securities Exchange Act of 1934.
- Familiar with financial, capital and credit markets business concepts.
- Must be able to work independently, gain the trust and confidence of coworkers, including in the production, financial reporting, risk, compliance and legal functions, and understand the business and workings of a financial services company with some level of comfort with numbers.
- Core competencies and traits include: energetic; driven; proactive; detail-oriented; collaborative; problem-solver; strong writing skills; business acumen; commitment; timeline management; and willingness to take on varied tasks.
- Financial guaranty and nonpayment insurance experience is a plus but not required.
- Life and annuity reinsurance experience is a plus but not required.
Compensation
Annual base salary for the position is expected to be from $260,000 per year to $280,000 per year. The actual salary will depend on various factors, including but not limited to a candidate’s experience and credentials, salary expectations of applicable candidates, and other applicable market conditions. This position also provides applicable employee benefits, as well as eligibility for an annual discretionary bonus and long-term incentive awards.
What We Do
Assured Guaranty is the leading provider of financial guaranty insurance. We guarantee timely payment of scheduled principal and interest when due on municipal, public infrastructure and structured financings. Issuers use our financial guarantees to lower their cost of funds, broaden distribution and diversify funding sources. For more than three decades, our insurance subsidiaries have helped to lower the cost of borrowing for municipalities and other issuers across the United States by guaranteeing a wide range of tax-exempt and taxable, investment-grade, municipal bonds that are supported by either tax revenues or revenues from essential public projects or services. From schools to clean water, from transportation projects to hospitals and more, we help municipalities build sustainable public infrastructure and better serve their residents, including their underserved and at-risk communities. We are also active in the United Kingdom, Europe, Australia and other developed countries, where we guarantee public-private partnership, local authority and regulated utility financings. In structured finance, globally, we guarantee asset securitizations and craft custom applications of our guarantees to assist our institutional clients in managing their portfolio risk and capital. For investors, our value proposition includes not only the security of our unconditional, irrevocable guaranty but also our experienced credit selection, underwriting and surveillance. Our business model has proven its resilience through multiple business cycles, and we have demonstrated our commitment to maintaining the financial strength to protect our policyholders for the life of their insured investments. In addition, our subsidiary Assured Investment Management LLC provides alternative investment management and advisory services to institutional and other qualified investors through our investment arm and offers a variety of credit-focused strategies and structured finance solutions.
