Regulatory & Compliance Counsel (Stamford)

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Job Description

This is an opportunity to join Ascot Group - one of the world’s preeminent specialty risk underwriting organizations.

Designed as a modern-era company operating through an ecosystem of interconnected global platforms, we’re bound by a common mission and purpose: One Ascot. Our strength is a talented team in a collaborative, inclusive, and entrepreneurial culture, committed to underwriting excellence, integrity, and innovation — The Ascot Way .

The Ascot Way guides our organization. Our platforms collaborate to deploy capital creatively through our Fusion Model: Client Centric, Risk Centric, Technology Centric. We aim to maximize client security while delivering bespoke products and world-class service, both pre- and post-claims, to solve clients’ brightest tomorrow with agility, resilience, and discipline.

Job Summary

Ascot Group seeks a Regulatory and Compliance Counsel (RCC) to be a key member of the US legal and compliance team, reporting to the Senior Regulatory and Compliance Counsel. The role involves developing, implementing, and overseeing Ascot's North America insurance regulation and compliance programs, ensuring high ethical standards and legal compliance.

The RCC will be a visible role providing guidance to senior leadership and business units, with exposure to international operations. Collaboration with underwriters, claims, finance, and operations is essential, with significant impact on the company’s operations.

Responsibilities

• Monitor and advise on regulatory issues impacting the business.
• Identify industry trends related to compliance and risks.
• Respond to inquiries and complaints from state insurance departments.
• Participate in regulatory submissions, filings, and reporting.
• Draft compliance advisories and develop training materials.
• Provide compliance training to business partners.
• Assist in product development related to rules, forms, and ratings.
• Conduct legal and regulatory research and drafting.
• Implement compliance measures across the organization.

Minimum Requirements

• At least 5 years of experience in law firm or in-house legal role with an insurance focus.
• J.D. and active state bar license.
• Strong knowledge of insurance regulatory issues including licensing, surplus lines, AML, OFAC, marketing, privacy, and cybersecurity.
• Excellent organizational, project management, and communication skills.
• Experience with underwriting, coverage, ISO policies, or claims is a plus.
• Ability to train employees on compliance topics.

Compensation

Base salary ranges from $150,000 to $180,000 in New York, with potential for bonuses and other rewards. Actual pay depends on experience and skills.

Benefits

Comprehensive health, welfare, leave, and retirement benefits, including medical, dental, vision, 401(k), paid time off, and more.

Additional Details

• Seniority level: Mid-Senior
• Employment type: Full-time
• Job function: Legal
• Industry: Insurance