Legal Counsel

About Great Lakes Insurance SE:

Munich Re, through its primary insurance entity Great Lakes Insurance SE, Irish Branch (GLIR), is a leader in providing credit risk transfer solutions to financial institutions. A key focus of our business is delivering regulatory capital relief solutions to financial institutions. To support our growth ambitions in this area, we are seeking experts with a credit background from diverse fields such as finance, law, mathematics, and actuarial science.

About the role:

For this specific position, we are looking for an experienced lawyer based in Dublin who can assist GLIR with all legal tasks related to the branch and its business activities. The ideal candidate will be eager to develop as a transaction lawyer in credit securitizations, banking, and/or insurance.

Key Responsibilities:

• Act as an advisor on legal and regulatory matters affecting GLIR, with a focus on governance, licensing, global credit insurance distribution, and underwriting.
• Manage a broad range of legal tasks, including commercial and affiliate contracts, NDAs, horizon scanning, and coordination of KYC processes.
• Support credit business activities by drafting, reviewing, and negotiating risk transfer documentation, ensuring adherence to all relevant conduct and regulatory standards, including internal underwriting standards and guidelines, and developing new template contracts.
• Liaise with and manage external counsel and advisory firms, as well as internal specialists, to ensure comprehensive legal, regulatory, tax, and accounting sign-off for transactions and projects.
• Support the creation and refinement of insurance-based risk transfer solutions for individual credit risks and broader portfolio structures.

Competencies:

Drives engagement (we think big)– you create a climate where individuals understand team commitments and the Company ambition. They understand how their role contributes to both and you create an environment where they feel motivated and inspired.

Builds effective teams (we lead the ‘we’) – you build strong-identity teams that work collaboratively, applying their diverse skills and perspectives to achieve common commitments.

Values differences (we lead the ‘we’) – you recognise the value that different thoughts, generations, cultures and experiences bring to your team, business unit and wider across the Group. Thus, ensuring that team dynamics are diverse and inclusive.

Balances stakeholders (we grow with our clients) – you can anticipate and balance the needs of  multiple stakeholders (internal and external), prioritising effectively, challenging appropriately and ensuring value is provided.

Situational adaptability (we care and dare) – you recognise the need to be flexible and adapt your approach depending on the situation. Whether you are a people manager or technical expert, you lead with empathy, whilst appropriately identifying when to take a stand against complacency and conformity.

Develops talent (we care and dare) – you develop talent to meet both their personal and professional goals, but also the organisation’s goals, identifying opportunities and supporting managers in your team to develop their direct reports (for technical experts this would involve supporting the development of talent).

Instils trust (we are clear and authentic) – you gain the confidence and trust of others through honesty, integrity and authenticity, building strong relationships and inspiring those around you.

Key Skills & Experience:

• Proven ability to work as part of an interdisciplinary, cross-border team in a highly collaborative atmosphere requiring transparency among team members.
• High level of interpersonal and communication skills and excellent negotiating ability.
• Strong conceptual, implementation, and analytical skills.
• A high level of commitment and a business/solution-oriented approach.
• Fluent spoken and written business/legal English.

Desired Qualifications & Educational Background: 

• University law degree.
• Qualified lawyer in a relevant jurisdiction (EU or Common Law).
• Experience working as an associate in a law firm and/or as in-house counsel in the financial sector

Thought Leaders:

You are seen as an expert in your field and will be the ‘go to’ person for your area of specialism within Munich Re. You will be seen as a role model/mentor to others – identifying opportunities to share your knowledge with others.

You will demonstrate and role model inclusive behaviour and encourage your colleagues to play an active role in creating an inclusive culture as well.

You will treat your colleagues and sales and business partners fairly and with respect.

Diversity, Equity & Inclusion:

At Munich Re, Diversity, Equity, and Inclusion foster innovation and resilience and enable us to act braver and better. Embracing the power of DEI is at the core of who we are. We recognise diversity can be multi-dimensional, intersectional, and complex, so we want to build a diverse workforce that includes a wide range of racial, ethnic, sexual, and gender identities; economic and geographic backgrounds; physical abilities; ages; life, school, and career experiences; and political, religious, and personal beliefs. Additionally, we are committed to building an equitable and inclusive work environment where this diversity is celebrated, valued, and has equitable opportunities to succeed. 

If you are excited about this role but your experience does not align perfectly with everything outlined, or you don’t meet every requirement, we encourage you to apply anyway. You might just be the candidate we are looking for!  All candidates in consideration for any role can request a reasonable adjustment at any point in our recruitment process. You can request an adjustment by speaking to your Talent Acquisition contact.