7 days old
2018-05-152018-06-14

VP, Chief Counsel, Retirement Plan Services

Lincoln Financial Group
Radnor, Pennsylvania
  • Job Type
    Corporate Counsel
  • Job Status
    Full Time

VP Chief Counsel Retirement Plan Services

 

 

About the Company

Lincoln Financial Group is a leading financial services firm and Fortune 500 company. Our four core business areas — life insurance, income, retirement plan services and group benefits — are focused on supporting, preserving, and enhancing our clients’ lifestyles, with the goal of helping them to achieve better retirement outcomes. Through the collaboration of more than 9,000 dedicated and talented employees, Lincoln Financial provides a diverse range of financial tools and advice to help people take charge of their futures.

The Role

The VP, Chief Counsel, Retirement Plan Services, will lead the legal and compliance team that supports the Retirement Plan Services business. He/She will be responsible for managing a legal and compliance team, responding to and working with regulators as needed on legal and regulatory issues that arise, and providing proactive day to day strategic advice and business support to senior leaders of the Retirement Plan Services business.

Responsibilities

Leadership and Strategy

  • Providing strategic advice and counsel to Retirement Plan Services senior executives on the business and legal ramifications of significant strategic objectives.
  • Advising the SVP, Chief Counsel, Product and senior management on key legal matters and complex issues within the Retirement Plan Services business, including customer or vendor disputes, regulatory exams or investigations, litigation, and operational, reputational or other risks that might impact the business and overall enterprise.
  • Providing internal and industry leadership and advocacy on public policy issues impacting the Retirement Plan Services business.
  • Maintaining current knowledge of legal developments and trends, assessing business impact and ensuring that new trends/developments are considered in business strategies.
  • Leading and managing a team comprised of both legal and compliance professionals.
  • Championing Legal Department initiatives that align with enterprise objectives.
  • Working collaboratively with the enterprise legal support teams (e.g., Litigation, Compliance) and other business unit legal/compliance support teams (Life, Annuities, Group Protection, Distribution, Funds Management) to manage and minimize risk and liability.
  • Developing tools, process and procedures that will improve the Legal Department’s client service model.
  • Anticipating and planning for the Retirement Plan Services business's needs when managing legal staff development, recruitment, succession planning and diversity.
  • Managing the Retirement Plan Services business's exposure to risk while ensuring that commercial objectives are achieved.
  • Overseeing regulatory exams/investigations (or regulatory matters/inquiries) and managing relationships with regulators (e.g., DOL, SEC/FINRA, state insurance departments, state banking regulators).
  • Providing recommendations regarding the implementation of new rules and regulations.
  • Understanding, condensing, simplifying and communicating internal and external rules and regulations to all constituents.
  • Keeping abreast of “best practices” and technological innovations that enhance compliance processes and improve efficiency and effectiveness.

Talent Management

  • Building organizational capability within the Retirement Plan Services Legal and Compliance function to develop a highly effective team of professionals.
  • Ensuring that top talent is hired and retained.
  • Providing training and development opportunities, including stretch assignments, for subordinates and giving honest and open feedback to aid in the development of talent.

 

 

 

Requirements

Education 

  • Minimum of 4 Year/Bachelor’s Degree or equivalent work experience (4 years of experience in lieu of Bachelors)
  • Minimum of Law Degree from ABA accredited law school

EXPERIENCE

  • A J.D. plus a minimum of 12 years of increasingly relevant legal experience with a law firm and/or
  • with a large, diverse and complex financial service provider (e.g., Retirement Plan, Insurance, Banking, Broker Dealer, Investment Advisory, and/or Wealth Management/Trust business lines etc.) including 5+ years of strategy and influencing senior stakeholders.
  • 5 – 7+ years of experience with ERISA/Internal Revenue Code requirements applicable to retirement plans and retirement plan service providers.
  • Experience in analyzing compliance policies, programs and procedures including regulatory assessments.
  • Experience leading a legal/compliance team.
  • Demonstrated experience as a “thought leader”. Will be able to demonstrate being sought after for advice, counsel, and judgment.
  • Experience working with public policy advocacy groups is a plus.
    • Demonstrated strong interpersonal skills with collaborative management style.
    • Computer skills: Microsoft Office Suite (Word, Excel, PowerPoint, Outlook).Demonstrated experience in motivating others in a team-oriented, collaborative environment.

 

 

 

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VP, Chief Counsel, Retirement Plan Services

Lincoln Financial Group
Radnor, Pennsylvania

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Lincoln Financial Group
Radnor, Pennsylvania

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