Regulatory Counsel

About Us:

Falcon Risk Services brings together technology, analytics, underwriting, and claims expertise to deliver seamless, holistic insurance solutions across multiple specialty lines. We are customer-focused, committed to service, ease of access, and transparency. Together, we are focused on building for the long term by harnessing the power of technology, leveraging decades of insurance experience, and partnering with a leading global insurance company.

Founded in 2021, Falcon Risk Services is a specialty managing general agent focused on underwriting and claims management for financial and cyber lines of insurance, with plans to provide a full suite of insurance services. We are partnered with HDI Global Specialty SE, an S&P A+ and A.M. Best A rated global insurer, providing us with a strong financial foundation for growth.

About the Role:

We are looking to add a key member of the Falcon Risk Services General Counsel Team, to assist with regulatory compliance and the processes of product management. This position reports to the Compliance Officer | VP of Administration. The environment is open, start-up paced, and fun, offering the right candidate a chance to work across all facets of the business, shape our overall workplace strategy, and progress into a broader role. Falcon greatly values a culture of teamwork, with all colleagues’ input and ideas equally valued. The position requires initiative, creativity, attention to detail, and a commitment to delivering the best possible service to our clients.

This role oversees regulatory compliance for Falcon’s MGA operations through the administration of regulatory processes and monitoring of state and federal notices, bulletins, alerts, and related requirements. Collaborates with business, underwriting, and operational stakeholders to support product development and management, driving execution of product roadmaps and ensuring compliance with state-specific regulations.

Job Description:

• Research and identify regulatory and compliance issues and emerging trends and work with senior management to design and implement changes to policies and procedures as appropriate.
• Manage regulatory compliance platforms to monitor state notices, orders, bulletins and alerts.
• Develop and maintain comprehensive monitoring and tracking tools to support complete, accurate, and timely deliverables to regulatory agency inquiries or data requests.
• Update Compliance documents and libraries, which include but are not limited to, audits, reports, authority information, corporate policies and procedures, and training materials.
• Assist with form creation, form updates/changes, and state filings.
• Liaise between the Legal and Underwriting teams in the manuscript endorsement and maintenance filing processes.
• Work with IT to ensure all new forms are formatted, mapped and added to the policy administration system.
• Follow up on completed audits and compliance reviews to ensure recommended actions have been adopted and assess areas identified for improvement.
• Vendor management tracking for compliance with required documentation.
• Act as a primary point of contact with applicable insurance departments and regulatory bodies for state filings.
• Other duties as required by Compliance and support to the General Counsel’s Office.

Qualifications and Requirements:

• J.D. from an ABA-accredited U.S. law school - Preferred
• Minimum 2-4 years of insurance experience, with specific experience in compliance, risk management, internal audit, or quality assurance highly preferred.
• Experience in communication and building relationships with regulatory bodies.
• Experience using SERFF to prepare, review, and submit all required regulatory filings is highly preferred.
• Experience using RegEd (or a similar application) preferred.
• Demonstration of strong attention to detail.
• Demonstration of strong time management and organizational skills.
• Excellent problem-solving skills.
• Proficient to Expert in MS Office Suite, Adobe, and ability to learn business-related tools and software.
• Clear and effective verbal and written communication skills.
• Professional demeanor when communicating with internal and external customers.
• Flexibility to take on and assist with the varying needs for other areas like producer management, licensing, product management, drafting of policy language, endorsements and/or other legal documents, and other compliance needs.

Location:

New York, NY with three days per week in the office required.

Salary Range:

$105K - $130K per year, commensurate with experience.

Benefits:

• A 10% bonus (optional) 
• Health & dental insurance 
• Paid holidays 
• Paid parental leave 
• 401(k) plan

Application Process :

Please submit your resume and cover letter via LinkedIn.