General Counsel
- Recruiter
- Hays Legal
- Location
- Surrey
- Salary
- up to £127,500
- Posted
- 24 Apr 2015
- Closes
- 05 May 2015
- Ref
- 2405875
- Vacancy Type
- Solicitors, In-House
- Contract
- Permanent
- Hours
- Full Time
- Practice Areas
- Company/Commercial, Litigation/Dispute Resolution, Pensions, PPP/PFI/Commercial projects
- PQE
- 7+ Years
- Experience Level
- Senior Level
The Pension Protection Fund’s main function is to provide compensation to members of eligible defined benefit pension schemes, when there is a qualifying insolvency event in relation to the employer, and where there are insufficient assets in the pension scheme to cover the Pension Protection Fund level of compensation. We do this by charging a levy which is invested alongside other assets to fund compensation.
About us
Nearly half a million people depend on us to pay them compensation for the benefits they lost when their employers went bust, and their pension schemes couldn't afford to pay what they promised.
We also protect the roughly 12 million people throughout the country who belong to defined benefit pension schemes – and who may need our help in the future.We protect people's futures.
We are an organisation that is constantly evolving to meet the challenges associated with meeting our commitment to provide excellent service to our members, paying the right people the right amount at the right time.
About the role
The PPF are seeking to appoint a General Counsel to join the Board. As an Executive Director reporting to the Chief Executive, you will:
- Oversee any material litigation, sometimes testing new legislation for the first time.
- Advise the Board on matters relating to legal risk with a particular focus on the PPF levy and more broadly the legal constitution of the PPF.
- Lead on developing the organisation’s strategic business plan and its approach to policy and legislative reform.
- Be responsible for the ‘end to end’ delivery of the PPF levy, from conceptual design through market testing and implementation to delivery of levy invoices to schemes.
- Lead a range of professional teams with both strategic and operational deliverables.
About the person
For this critically important role we are looking for a qualified legal professional with significant leadership experience of a legal function, ideally in an in-house capacity at a major insurer, pension fund or asset manager. You will have proven experience of interacting and influencing at Board level, and significant experience in the management of legal risks. You will be highly numerate, comfortable with developing and delivering a strategic business plan within an insurance or pensions setting. Your first-hand knowledge and experience of the PPF’s risk based levy, ideally complemented by the ability to demonstrate a proven track record in an operational role will be a significant advantage.
For more information please contact Andrew Timlin Andrew.timlin@hays.com or Jayne Macleod jayne.macleod@hays.com (0207) 2598743 or see our microsite hays.co.uk/jobs/ppf
To apply for this position, please click on the Apply Now button.