Job Family

Legal Counsel

About Us 

 

At Transamerica, hard work, innovative thinking, and personal accountability are qualities we honor and reward. We understand the potential of leveraging the talents of a diverse workforce. We embrace an environment where employees enjoy a balance between their careers, families, communities, and personal interests.  

 

Ultimately, we appreciate the uniqueness of a company where talented professionals work collaboratively in a positive environment — one focused on helping people look forward and plan for the best life possible while providing tools and solutions that make it easier to get there. 

     

Who We Are 

  

We believe everyone deserves to live their best life. More than a century ago, we were among the first financial services companies in America to serve everyday people from all walks of life.  

Today, we’re part of an international holding company, with millions of customers and thousands of employees worldwide. Our insurance, retirement, and investment solutions help people make the most of what’s important to them. 

We’re empowered by a vast agent network covering North America, with diversity to match. Together with our nonprofit research institute and foundation, we tune in, step up, and are a force for good — for our customers and the communities where we live, work, and play. United in our purpose, we help people create the financial freedom to live life on their terms. 

What We Do 

 

Transamerica is organized into three distinct businesses. These include 1) World Financial Group, including Transamerica Financial Advisors, 2) Protection Solutions and Savings & Investments, comprised of life insurance, annuities, employee benefits, retirement plans, and Transamerica Investment Solutions, and 3) Financial Assets, which includes legacy blocks of long term care, universal life, and variable and fixed annuities. These are supported by Transamerica Corporate, which includes Finance, People and Places, General Counsel, Risk, Internal Audit, Strategy and Development, and Corporate Affairs, which covers Communications, Brand, and Government and Policy Affairs. 

 

Transamerica employs nearly 7,000 people. It’s part of Aegon, an integrated, diversified, international financial services group serving approximately 23.9 million customers worldwide.* For more information, visit transamerica.com.  

Job Description Summary

The Senior Counsel is responsible for providing legal and regulatory advice to broker-dealer/registered investment advisor affiliate related to the regulation of securities products and investment advisory services to business constituents. The Senior Counsel may also be asked to provide legal advice to an affiliated insurance agency.

Job Description

Responsibilities:

Provide securities regulatory advice to Transamerica’s affiliated broker-dealer, and registered investment advisor concerning the sale and offering of securities, variable products, and investment advice to the retail public.

Provide insurance regulatory advice to Transamerica’s affiliated insurance agency concerning the sale of insurance related products to the retail public.

Draft regulatory responses, disclosures, and other correspondence with regulatory agencies.

Work on and manage complex legal issues where analysis requires identification and evaluation of multiple factors.

Interface with colleagues in legal, compliance, supervision, finance, risk, and other control teams for domestic business units to maximize efficiencies, develop cross-business best practices and facilitate resolution of issues.

Coordinate with applicable stakeholders to provide legal analysis and advice with respect to new and existing laws, the development/enhancement of processes and procedures, the drafting of disclosures, and regulatory examinations, audits, and inquiries.

Educate business partners and work cross-functionally with compliance, supervision, risk, and business partners that achieves compliance with applicable laws and regulations while minimizing client impact.

Coordinate and provide legal analysis and advice relative to enterprise initiatives, including specific affiliate initiatives related to compliance, supervision, and risk.

Review and draft agreements, memoranda, disclosures, policies and procedures and other documentation relating to the sale and offering of securities products and investment advice.

Review and negotiate various agreements, including:  distribution agreements, marketing agreements, independent contractor agreements, revenue sharing agreements, and sub-advisory agreements.

Review and provide advice on communications to sales force, customers, and distribution partners relating to regulatory, operational, financial, and administrative aspects of the business.

Assist in the drafting and the modification of existing client facing disclosure documents relative to broker-dealer and investment advisory regulatory requirements.

Keep senior business management and operations personnel apprised of pertinent legal and regulatory developments.

Perform special projects as assigned by senior Legal department management.

Exercise independent judgment regarding legal advice with limited supervision of a more senior attorney.

Participate in and lead departmental and cross-functional working groups in identified areas of legal expertise or development.

Examples of legal support responsibilities within specific business areas: guidance regarding existing and new securities regulations and laws, drafting of disclosures, communications and memorandum related to regulatory issues as it relates to registered securities affiliates, review and analysis of complex contracts, drafting of concise executive summaries of risk related matters for consumption by business executives, and review and updating of intra-company agreements.

Provide support to the company’s securities regulatory affairs and regulatory reporting function.

Qualifications:

JD from an ABA accredited law school

Member of the Bar in good standing of any US State

Senior level experience at a sophisticated law firm or in-house counsel with securities regulatory legal experience (typically 5+ years)

Demonstrated knowledge of state and federal securities laws and regulations, including FINRA Rules and Securities and Exchange Act of 1940

Prior experience involving state insurance and other laws and regulations applicable to life insurance, including familiarity with NAIC Models

Able to effectively communicate, both written and oral, with the intended audience

Able to exercise sound judgment and comfortable in a fast-paced environment

Demonstrate highly developed emotional intelligence, savvy navigation of complex business structures, and strong executive presence with excellent consultative skills

Able to exercise agility and adaptability in providing legal advice, often in impromptu situations

Able to build solid and constructive relationships with key stakeholders at all levels across the organization, including senior executives, peers, and colleagues

Able to successfully operate across cultures, complex organizational structures, and multi-functional teams to drive alignment and achieve goals

Has an innovative, insightful mindset with a willingness to learn as well as challenge the status quo, and a proven ability to prioritize, adapt and execute proactively and successfully

Employs innovative thinking to assist the business in generating and implementing creative, cost effective and realistic solutions that create business impact

Able to effectively engage with our internal government affairs team, federal and state trade organizations and internal subject matter experts on proposed and enacted legislation/regulation affecting securities and insurance offerings

Focuses on creating an environment of honesty, inclusion and respect for others, is open to and champions differing ideas and perspectives, and collaborates in a fully inclusive manner

Preferred Qualifications:

Experience with insurance agencies and insurance companies.

Familiarity with Canadian securities law and regulation.

Working Conditions:

Remote office environment

Moderate travel may be required

Compensation:

**Please note that the compensation information that follows is a good faith estimate for this position only and is provided pursuant to applicable pay transparency and compensation posting laws. It is estimated based on what a successful candidate might be paid in certain Company locations.**

The Salary for this position generally ranges between $165,000 - $180,000 annually. This range is an estimate, based on potential qualifications and operational needs. Salary may vary above and below the stated amounts, as permitted by applicable law.

Bonus Eligibility:

This position is also typically eligible for an Annual Bonus based on the Company Bonus Plan/Individual Performance and is at Company Discretion.

This job description is not a contract of employment nor for any specific job responsibilities. The Company may change, add to, remove, or revoke the terms of this job description at its discretion. Managers may assign other duties and responsibilities as needed. In the event an employee or applicant requests or requires an accommodation to perform job functions, the applicable HR Business Partner should be contacted to evaluate the accommodation request.

Worried about not having every single qualification listed? It’s okay. If it’s a role you’re interested in, we encourage you to apply. Employees who enjoy their jobs are one of our favorite things. 

What We Offer  

 

For eligible employees, we offer a comprehensive benefits package designed to support both the personal and financial well-being of our employees. 

 

Compensation Benefits 

Competitive Pay 

Bonus for Eligible Employees 

 

Benefits Package 

Pension Plan 

401k Match

Employee Stock Purchase Plan

Tuition Reimbursement

Disability Insurance

Medical Insurance

Dental Insurance

Vision Insurance

Employee Discounts

Career Training & Development Opportunities

 

Health and Work/Life Balance Benefits 

Paid Time Off starting at 160 hours annually for employees in their first year of service.

Ten (10) paid holidays per year (typically mirroring the New York Stock Exchange (NYSE) holidays).

Be Well Company holistic wellness program, which includes Wellness Coaching and Reward Dollars 

Parental Leave – fifteen (15) days of paid parental leave per calendar year to eligible employees with at least one year of service at the time of birth, placement of an adopted child, or placement of a foster care child.

Adoption Assistance

Employee Assistance Program

College Coach Program

Back-Up Care Program

PTO for Volunteer Hours

Employee Matching Gifts Program

Employee Resource Groups

Inclusion and Diversity Programs

Employee Recognition Program

Referral Bonus Programs

 

Inclusion & Diversity  

  

We believe our commitment to diversity and inclusion creates a work environment filled with exceptional individuals. We’re thrilled to have been recognized for our efforts through the Human Rights Campaign Corporate Equality Index, Dave Thomas Adoption Friendly Advocate, and several Seramount lists, including the Inclusion Index, 100 Best Companies for Working Parents, Best Companies for Dads, and Top 75 Companies for Executive Women. 

  

To foster a culture of inclusivity throughout our workforce, workplace, and marketplace, Transamerica offers a wide range of diversity and inclusion programs. This includes our company-sponsored, employee-driven Employee Resource Groups (ERGs), which are formed around a shared interest or a common characteristic of diversity. ERGs are open to all employees. They provide a supportive environment to help us better appreciate our similarities and differences and understand how they benefit us all. 

   

Giving Back  

  

We believe our responsibilities extend beyond our corporate walls. That's why we created the Aegon Transamerica Foundation in 1994. Through a mix of financial grants and the volunteer efforts of our employees, the foundation supports nonprofit organizations focused on the things that matter most to our people in the communities where we live and work.     

  

Transamerica’s Parent Company  

 

Aegon acquired the Transamerica business in 1999. Since its start in 1844, Aegon has  grown into an international company serving more than 23.9 million people across the globe.* It offers investment, protection, and retirement solutions, always with a clear purpose: Helping people live their best lives. As a leading global investor and employer, the company seeks to have a positive impact by addressing critical environmental and societal issues, with a focus on climate change and inclusion and diversity.   

* As of December 31, 2023