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Head of Investments Law

Company: Brighthouse Financial
Location: Morristown
Posted on: May 3, 2021

Job Description:

Head of Investments Law

Req Id: 3083

Job Location:

Morristown, NJ, US, 07960

Brighthouse Financial is on a mission to help people achieve financial security. As one of the largest providers of annuities and life insurance in the U.S., we specialize in products designed to help people protect what they've earned and ensure it lasts. We are built on a foundation of experience and knowledge, which allows us to keep our promises and provide the value they deserve.

At Brighthouse Financial, we're fostering a culture where diverse backgrounds and experiences are celebrated, and different ideas are heard and respected. We believe that by creating an inclusive workplace, we're better able to attract and retain our talent, provide valuable solutions that meet the needs of our advisors and their clients, and deliver on our mission of helping more people achieve financial security. We're seeking passionate, high-performing team member to join us. Sound like you? Read on.

How This Role Contributes to Brighthouse Financial:

The responsibilities of this position include (1) providing advice and counsel on legal aspects relating to Brighthouse's general account investment portfolio, including with respect to its derivatives portfolio; and (2) supervising and managing a team of attorneys supporting Brighthouse's Investments Department. The individual will serve as the key day to day point person in Investments Law for this work, while supervising other attorneys in connection with such matters.

Work Location:

To protect the health and safety of our employees, our offices are closed until at least mid-September 2021. When our offices reopen, the individual hired for this role will be based in our Morristown, NJ office.

Key Responsibilities:

* Serve as senior most Investments counsel for all aspects of Brighthouse's general account ($100B). * Supervise and manage team of attorneys supporting Brighthouse's Investments Department. * Oversee, negotiate, and advise with respect to investment management relationships with 3rd party asset managers. * Advise and support Brighthouse's derivatives desk, including development of templates for trade confirmations and buildout of regulatory initial margin compliant documentation. * Advise on interpretation of various investment guidelines and derivatives limits, both internal and statutory. * Advise on investments-related issues in connection with insurance product development. * Comfortable playing a lead part in high visibility, senior position, and interacting with and advising Investment Committee of Brighthouse's Board of Directors. * Advise portfolio managers on broad array of investment opportunities across all asset classes & structures. * Monitor and advise on regulatory developments impacting the Investments Department. * Oversee external counsel. * Interact with regulators as needed in connection with matters affecting general account investments. * Promote Brighthouse's values and culture. * Demonstrate skills as a strong practitioner and negotiator, a creative problem-solver, self-starter and hard worker, with the desire to grow with the position. Demonstrate strong service orientation and collaboration skills. * Work with business partners, attorneys and others in a collegial and coordinated fashion. * Perform other duties as required.

Essential Business Experience and Technical Skills:

* Investments product expertise (from corporate bonds to private equity, structured finance, derivatives, private placements and bank loans) * Expertise in derivatives products, strategies, and documentation * Experience overseeing third party asset managers and relationships * Insurance investments expertise highly preferred * Familiarity with insurance investments regulations * Familiarity with identifying tax issues preferred * Good business acumen. * Influence and leadership skills, especially in the context of the ability to relate to different stakeholders, business partners and colleagues. * Self-starter with entrepreneurial mindset. * Able to work independently; exercises good judgment in determining when to consult management, colleagues, and clients. * Strong managerial skills. * Strong legal research, drafting, negotiating, decision making, analytical and problem-solving skills. * Crisp, clear client communication skills; in particular, the ability to reduce legal issues to straightforward practical analysis and advice. * Ability to handle complex transactions from start to finish with minimal supervision. * Ability to balance competing demands, multiple deadline-sensitive matters, assessing business priorities. * Follow through to ensure advice is acted upon, and that ethical, legal and business issues are raised to appropriate levels. * Ability to build collaborative partnerships and alliances, internally and externally. * Best-in-cost mindset. * Willingness to take on challenging assignments and become familiar with new areas of the law. * Willingness to receive coaching and mentoring from management and/or more experienced team members. * Willingness to build knowledge of the company's structure, operations, products and services, strategic business values, objectives, policies, culture, and regulatory requirements. * Willingness and ability to improve operations, implement effective policies and procedures. * 9+ years relevant experience at a major law firm and/or in-house legal department, reflecting a record of accomplishment. * Juris doctor degree from an accredited law school. * Bar admission required. * Excellent academic credentials.

Key Relationships: Chief Investments Officer, Head of Derivatives Strategy, Head of Asset Management

Direct Reports/Team: Two Attorneys

Our Benefits:

* Time Off: Minimum of 20 days of paid time off and 13 paid company holidays per full calendar year, plus paid volunteer time * Financial Benefits: 401(k) savings plan with up to a 6% annual match and 3% annual company nondiscretionary contribution of eligible compensation, annual incentive plan, and employee stock purchase plan * Family Focus: Up to 16 weeks of paid leave for new parents, back-up care program, dependent care flexible spending account, and adoption and surrogacy assistance * Health and Welfare: Competitive medical, vision and dental plans, plus tax-free health savings accounts with potential company contributions up to $1,000 per family * Wellness Programs: Wellness incentive platform, employee assistance program, financial counseling services, fitness center discounts and more * Life & Disability Benefits: Company-paid basic life insurance and short-term disability

Nearest Major Market: New Jersey

Job Segment: Bank, Banking, Equity, Law, Private Equity, Finance, Legal

Keywords: Brighthouse Financial, Newark , Head of Investments Law, Other , Morristown, New Jersey

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