Lloyd's Market Association
Paralegal (fixed-term contract)
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Introduction to the Role
The Lloyd's Market Association (LMA) is looking for a Paralegal to join the Legal and Regulatory team on a short-term fixed-term contract. This role has been created to support a significant market-wide contract review and stakeholder consultation project. Working at the centre of the market, you will act as a central point of coordination between the LMA, members, external legal advisers and other stakeholders, helping to ensure feedback, actions and project documentation are managed effectively and supporting the successful delivery of this high-profile market initiative.
Alongside the contract review project, you will contribute to a range of legal and regulatory activities, including supporting the development of London market model contracts, clauses and guidance documents, undertaking legal and regulatory research, assisting with consultation responses and monitoring emerging legal, regulatory and public policy developments affecting the insurance sector.
The role offers the opportunity to work closely with legal professionals from leading insurance organisations, regulators, government bodies and external advisers, while developing expertise in insurance law, regulation and market governance.
This role is based in our London office in EC3M, with an expectation of being onsite three days per week (typically Tuesday to Thursday) initially.
Introduction to the Lloyd’s Market Association (LMA)
The Lloyd’s Market Association (LMA) represents the interests of 59 Lloyd’s managing agents and members’ agents.
The purpose of the LMA is to make the market a better place and in so doing, maintain the Lloyd’s market’s position as the pre-eminent leader in specialty and commercial risk. We sit at the centre of the Lloyd’s market, a world-leading global marketplace for complex risk.
We seek to make the market a better place in five fundamental ways. First, we advocate on behalf of our members with key stakeholders, including governments, regulators and the Corporation of Lloyd’s. Second, our work spans technical and professional support, from developing model policy wordings to providing guidance on regulatory and legislative requirements.
Third, our award-winning LMA Academy is one of the leading providers of Lloyd’s technical training in the market, supporting the ongoing development of underwriting, claims, finance, risk and operations professionals. Fourth, we drive forward a digitalisation agenda for the market and fifth, we are strong advocates of advancing the market’s inclusive culture.
Collaboration is at the core of what we do. We engage closely with our members to understand and tackle the issues that matter most, and we partner with Lloyd’s and other market associations to help shape the future of the marketplace.
Job Purpose
To support the delivery of a significant market-wide contract review and stakeholder consultation project, while contributing to the wider work of the Legal and Regulatory team.
The role will coordinate stakeholder engagement, feedback, actions and project documentation to support successful delivery, while also contributing to the development of London insurance market documentation and guidance, consultation responses and legal research activities.
Key Responsibilities
- Major project delivery: Support the delivery of a significant market-wide contract review and stakeholder consultation project, acting as a central point of coordination between the LMA, members, Lloyd's, external legal advisers and other stakeholders.
- Contract review and analysis: Support the review and analysis of a major market infrastructure agreement, comparing contractual arrangements, identifying key changes, impacts and issues, and preparing clear comparison and summary materials.
- Stakeholder coordination: Collect, consolidate and track feedback from LMA members, Lloyd's, external legal advisers and other stakeholders, ensuring actions are monitored and progressed through to completion.
- Project administration and governance: Maintain project trackers, issue logs, action registers, stakeholder feedback records and project documentation, ensuring information is organised, accessible and accurate.
- Committee and working group support: Support project meetings, committees and working groups by preparing papers, coordinating agendas, attending meetings and tracking actions.
- Contract drafting and guidance: Support the development and maintenance of London market model contracts, clauses, guidance documents and other market-wide legal materials.
- Consultation responses: Assist in preparing responses to government, regulatory and industry consultations, including legal research, drafting and stakeholder engagement.
- Legal research: Undertake legal and regulatory research across a range of UK and international issues affecting the insurance market, providing clear and practical summaries.
- Regulatory monitoring: Support horizon scanning activities, identifying and summarising legal, regulatory and public policy developments relevant to members.
- Drafting support: Prepare briefing notes, presentations, guidance documents, reports and member communications.
- Governance and confidentiality: Handle confidential and legally sensitive information with a high degree of professionalism and discretion.
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In addition to the above key responsibilities, you may be required to undertake other duties, from time to time, as the organisation may reasonably require.
Person Specification
Experience and Knowledge
- Legal experience gained as a paralegal or in a similar role within a law firm, in-house legal team, regulatory environment, trade association or other professional services setting.
- Experience reviewing, analysing and comparing contracts and other legal documentation.
- Experience supporting complex projects involving multiple stakeholders and competing priorities.
- Experience coordinating stakeholder feedback, maintaining action trackers and managing project documentation.
- Experience supporting committees, working groups, consultations or stakeholder engagement activities.
- An interest in insurance law, regulation, public policy or financial services would be advantageous.
Skills
- Strong contract review, analysis and drafting skills.
- Strong organisational and project coordination skills, with the ability to manage multiple priorities, stakeholders and deadlines.
- Ability to undertake legal and regulatory research and present complex issues in a clear and practical manner.
- Excellent attention to detail and a high level of accuracy.
- Ability to manage and maintain project documentation, records and action trackers.
- Strong IT skills, including Microsoft Office (Word, Excel and PowerPoint).
Key Behaviours
- Communication: Communicates clearly and professionally, producing well-structured and accurate written work for a variety of audiences and presenting complex information in a clear and practical manner.
- Collaboration and relationship building: Works effectively with colleagues, members and external stakeholders, building trusted relationships and contributing positively to team, project and organisational outcomes.
- Drive, accountability and initiative: Takes ownership of responsibilities, demonstrates initiative and sound judgement, proactively follows issues through to completion, and delivers high-quality work with pace and accuracy.
- Organisation and persistence: Organises complex information in a clear and accessible way, maintains accurate records and documentation, proactively follows up on actions and sees tasks through to completion.
- Problem solving and judgement: Identifies issues, analyses information and develops practical solutions supported by sound legal reasoning and balanced judgement.
- Stakeholder management and influence: Builds effective relationships and works constructively with a range of stakeholders to facilitate collaboration, support consensus and achieve positive outcomes.
- Resilience and adaptability: Remains flexible and composed when priorities shift, responding positively to change and managing competing demands effectively.
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LMA Values
The LMA firmly believes that robust values at the heart of the organisation bolster its performance and enable the successful execution of strategy. We have five primary values that we strive to embody across the business in everyday practice. These are:
- Trusted: Our expertise and independence enable us to influence, support and positively impact the market.
- Passionate: We take pride in helping the market to succeed and achieve great outcomes for our members and their customers.
- United: As a representative voice of our members, we connect and work with our people and communities to build consensus around a common purpose.
- Bold: We strive to be adventurous in what we do, allowing us to lead, challenge and think innovatively.
- Inclusive: We enrich the marketplace by developing people and seeking ideas from a wide variety of backgrounds, cultures, and skills. We embrace a diverse and flexible workplace.
By encouraging these values internally, the LMA hopes that they will permeate beyond the business and into the marketplace, helping create a more dynamic, modern, and productive working environment.
Employee Benefits
The LMA offers a comprehensive package of employee benefits. These include but are not limited to:
- A competitive pension package with a generous employer contribution.
- An industry-leading flexible working policy, built on trust. We enable our employees to choose how and where they work, at the LMA's office in London EC3, or elsewhere in the UK, providing that it suits the interests of our members, the LMA team and themselves. We welcome an open discussion on flexible working and your overall working environment so we can explore solutions that suits both the business and the individual.
- A generous annual leave allowance, with the option to buy and sell holiday, plus additional paid leave for key life events.
Please note that all applicants must read and agree to our Candidate Privacy Notice before submitting an application. The Notice is available here: https://lmalloyds.com/candidate-privacy-notice
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