An assistant general counsel ensures a company's compliance with relevant laws and regulations. They work closely with the business team to develop policies, practices, and guidelines concerning state, federal, and international compliance with laws and regulations. Their main focus is on laws and regulations that concern the company; for example, many insurance companies use general counsel, who are concerned mainly with insurance laws.
Assistant general counsels manage compliance programs, including business ethics, trading, information security, anti-corruption, date security, privacy policies, and other economic sanctions. They develop and review policies and practices, as well as manage regulations for the company such as form filings and rules. They manage dissemination within the company of information needed to maintain compliance with the law. Assistant general counsel also support legal initiatives and disseminate compliance information in claims, underwriting, and operations.
Assistant general counsels are required to have a law degree from an ABA-approved law school. They must possess working knowledge of state and federal regulations and be able to practice law in the state in which they become employed. They also need to have knowledge of international laws and practices and have some compliance experience relevant to their industry. Candidates must have excellent written and verbal communication skills; they must also be self-driven and a self-starter, as most of the time they work alone.
Assistant General Counsel Tasks
Provide legal advice on legal and regulatory issues and federal and state laws and regulations.
Represent client's interests in transactions, affiliations, mergers, joint ventures, contracts and other business opportunities.
Provide assistance to office of General Counsel.