Executive Director, Assistant General Counsel - Asset Management

Sumitomo Mitsui Banking Corporation • New York, NY

90d • $244,000 - $285,000

About The Position

SMBC Group is seeking a seasoned inhouse attorney to provide comprehensive legal coverage and oversight for its affiliated U.S. investment adviser. This is a leadership position requiring sound judgment and a deep sense of organizational stewardship. The position presents an opportunity to help build a business from the ground up, design and implement a robust legal and regulatory compliance framework in partnership with Compliance colleagues, and educate the internal client base (ranging from junior staff to senior management) on the US regulatory requirements for investment advisers.

Requirements

• Active membership in good standing with the New York State Bar, or eligible to waive in.
• Juris Doctor degree from an accredited U.S. law school.
• At least 15 years of experience inhouse and/or at a leading law firm advising SEC-registered investment advisers, with a focus on institutional asset management.
• Deep expertise in SEC compliance, fiduciary standards, Investment Advisers Act, and other asset management regulations.
• Experience working at a bank-affiliated investment adviser preferred.
• Ability to provide adaptive, proactive legal coverage for a nascent investment adviser.
• Self-motivated, independent, and able to multi-task and prioritize effectively in a fast-paced environment.
• Strong organizational and written/oral communication skills.
• Ability to identify and diagnose legal and business issues, and explain decision points clearly and succinctly.
• Excellent critical thinking skills.
• Ability to work collaboratively with clients and colleagues across a broad range of seniority and experience levels in a large, complex global organization.
• Detail-oriented and thoughtful.

Responsibilities

• Provide legal, regulatory, and strategic advice on proposed business activities of a newly launched investment adviser, initially focusing on loan and credit assets, with the potential to expand to other asset classes.
• Advise on a broad range of issues under U.S. investment management laws and regulations.
• Support business objectives while managing legal, regulatory, and franchise risks.
• Assess and respond to regulatory changes impacting the investment management business.
• Collaborate closely with legal and compliance colleagues across SMBC Group.
• Draft, review, and negotiate transaction documents for the investment management business, including advisory agreements and fund documents.
• Manage outside counsel and apply legal risk management standards and practices consistently with SMBC Group’s Americas Division Legal Department requirements.

Benefits

• Competitive portfolio of benefits offered to employees.
• Annual discretionary incentive award eligibility.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Education Level: Bachelor's degree