Lloyd’s is the world’s leading insurance and reinsurance marketplace. We share the collective intelligence and risk sharing expertise of the market’s brightest minds, working together for a braver world.
Our role is to inspire courage, so tomorrow’s progress isn’t limited by today’s risks.
Our shared values: we are brave; we are stronger together; we do the right thing; guide what we do and how we act. If you share our values and our passion to build a future that’s more sustainable, resilient and inclusive, you’ll find a home at Lloyd’s – build a braver future with us.
The Role
To support the Lloyd’s Head of Commercial, Legal and General Counsel and to provide commercial /tech contracts advice and support to (as applicable) senior management, Lloyd’s committees, a range of internal departments (including Procurement) and Lloyd’s subsidiaries and overseas offices.
Principal Accountabilities
To be responsible to Head of Commercial, Legal (and to the Heads of Corporate and Litigation, where applicable) for matters referred to below. It is likely that solicitors will be designated to no more than two of these teams at any time:
- Agree with the Head of the targets and standards that support the attainment of the Team’s/Department’s objectives.
- Lead and be responsible for providing accurate, pragmatic and timely risk-based legal advice on all legal commercial contract matters raised by internal departments and Lloyd’s subsidiaries and overseas offices (with support from other members of the department as appropriate) including but not limited to the following teams: Group IT, Data, Change Management, Procurement, Lloyd’s Lab, Communications & Marketing, Corporate Real Estate, Market Oversight, Market Finance, Tax, Treasury & Investment Management, Risk Management, Compliance, Global Markets, International Regulatory Affairs and Members Services.
- Leading and being responsible for drafting, negotiating and advising on a variety of commercial and technology contracts (with support from other members of the department as appropriate) including software licences, support and maintenance agreements, software development, SaaS, open source software licencing, AI as well as services agreements, consultancy contracts, engagement letters, terms and conditions, data transfer agreements, outsourcing agreements, non-disclosure agreements.
- Lead and be responsible for providing legal and regulatory advice to Lloyd’s senior management and to Lloyd’s committees (with support from other members of the department as appropriate).
- Manage the requirements and expectations of clients/stakeholders on matters and projects including cross-directorate and cross-market projects involving multiple stakeholders. Lead projects and project teams where required.
- Instruct and manage outside firms of solicitors and other external advisers where appropriate.
- Communicate progress of ongoing matters at regular intervals to clients and to the respective Heads of.
Knowledge
- In-depth knowledge of IT/IP law, commercial law, contract law, data protection law and the UK’s regulatory framework for financial services.
- Knowledge of Lloyd’s including its governance arrangements, its licensing structure, its regulators, its financial arrangements, its market oversight arrangements, its Acts, byelaws and regulations, and its commercial affairs generally.
- Knowledge of the Lloyd’s market and the wider insurance industry and of the major and emerging insurance market trends, developments and risks that impact Lloyd’s and the Lloyd’s market.
Diversity and inclusion are a focus for us – Lloyd’s aim is to build a diverse, inclusive environment that reflects the global markets we work in. One where everyone is treated with dignity and respect to achieve their full potential. In practice, this means we are positive and inclusive about making workplace adjustments, we offer regular health and wellbeing programmes, diversity and inclusion training, employee networks, mentoring and volunteering opportunities as well as investment into your professional development. You can read more about diversity and inclusion on our website.
We understand that our work/life balance is important to us all and that a hybrid of working from the office and home can offer a great level of flexibility. Flexible working forms part of a total reward approach which offers a host of other benefits over and above the standard offering (generous pension, healthcare, wellbeing etc). These include financial support for training, education & development, a benefit allowance (to spend on our flexible benefits such as gym membership, dental insurance, extra holiday or to partake in our cycle to work scheme), employee recognition scheme and various employee discount schemes.
By choosing Lloyd's, you'll be part of a team that brings together the best minds in the industry, and together with our underwriters and brokers, we create innovative, responsive solutions allowing us to share risk and solve complex problems.
Should you require any additional support with your application, or any adjustments, please click the following link;
https://cleartalents.com/apply/lloyds-msa1645695881
Please note, clicking on this link does not register your application for the vacancy
