Managing Director of Regulatory Affairs

LIFE INSURANCE COUNCIL OF NEW YORK, INC.

Position Description

Managing Director of Regulatory Affairs

Position Summary

The Life Insurance Council of New York (LICONY) works to create and maintain a legislative and regulatory environment that encourages its members to conduct and grow their life insurance businesses here in New York State.

We are seeking a Managing Director of Regulatory Affairs to contribute to our mission of being the principal voice of the life insurance industry in New York. The primary responsibility of the Managing Director is to facilitate implementation of defined regulatory strategies of the organization under the direction of the President. Based in our Albany headquarters, they will identify and anticipate new or changing regulations, coordinate with LICONY members and other stakeholders to develop strategies that address industry needs and be the primary contact for LICONY with the staff of the Life Bureau of the New York State Department of Financial Services.

Position Duties

· Identify and inform members on regulatory initiatives affecting the life insurance industry and LICONY members.

· Develop and secure approval for the annual LICONY Regulatory Priorities Agenda from the LICONY Legislative and Regulatory Committee.

· Develop regulatory strategies and work with the President to obtain Board approval, where necessary, on such strategies.

· Implement regulatory strategies under the direction of the President to effectively deal with the identified issues, managing specified regulatory issues and assisting other LICONY officers.

· Integrate both the regulatory and legislative aspects of issues where necessary and advantageous.

· Advocate LICONY positions with respect to officials at the New York State Department of Financial Services, and occasionally members of the staffs of the Senate, the Assembly and the Administration.

· Report on and provide analysis of issues for the benefit of LICONY members and make presentations at LICONY meetings.

· Participate in LICONY Legislative and Regulatory Committee meetings and develop agendas for discussion.

· Assist in planning and executing the Annual LICONY Legislative and Regulatory Conference and Annual Legal & Compliance Seminar, and other seminars/webinars.

· Lead and plan agendas and faculty for LICONY Annual Legal & Compliance Seminar.

· Represent LICONY at the quarterly national meetings of the National Association of Insurance Commissioners (NAIC), including tracking issue developments within the NAIC of relevance to LICONY member interests.

· Serve as a liaison for LICONY with the American Council of Life Insurers and other relevant insurance industry trade organizations.

Requirements

· Ten-plus years of progressive experience and accomplishment in the financial services industry, government service, or in government relations and advocacy.

· Excellent writing, verbal, and organizational skills.

· Practical, strategic, and tactical understanding of the New York State legislative and regulatory process and environment and how they interact.

· Ability to build constructive relationships with a wide range of stakeholders, including LICONY members, New York State regulators, and elected officials and staff.

· Ability to operate effectively and determine a path forward in the face of complexity, conflict, and uncertainty.

· Possessive of a strong team mindset and ability to collaborate and communicate with broader teams and coalitions.

· Position is based in Albany, in accordance with LICONY’s hybrid work schedule.

Preferred Qualifications

· Familiarity working with Department of Financial Services, Department of Health, and other relevant New York State regulatory agencies.

· Law or other advanced degree preferred.

About LICONY

The Life Insurance Council of New York, Inc. is the domestic trade association representing the life insurance industry in New York. Headquartered in Albany, NY, LICONY has 52 domestic insurance companies, 21 foreign insurance companies, and 18 allied professional members that provide the vast majority of annuities and life, disability and long-term care insurance to New Yorkers.

Job Type: Full-time

Benefits:

• 401(k)
• Dental insurance
• Health insurance
• Paid time off
• Vision insurance

Experience level:

• 10 years

Schedule:

• 8 hour shift

Ability to Relocate:

• Albany, NY 12210: Relocate before starting work (Required)

Work Location: Hybrid remote in Albany, NY 12210