Legal Counsel - Global Advisory

T. Rowe Price • Owings Mills, MD

51d • Hybrid

About The Position

The Legal Counsel will be a member of the Global Advisory - North America Institutional team, providing legal advice and guidance on various institutional investment advisory matters in support of a variety of business units and legal entities within the T. Rowe Price organization. The Legal Counsel may engage in a variety of functions, including negotiating institutional and private asset management (i.e., high net worth) separate account agreements and amendments; negotiating agreements with program sponsors for the firm's separately managed accounts business; drafting and reviewing documents related to private funds; supporting legal filings such as the Form ADV; analyzing and interpreting new laws and regulations and advising on their impact to T. Rowe Price entities; and providing legal support and guidance to firmwide strategic initiatives as well as departmental projects. Additionally, this role will be responsible for coordinating and working with senior attorneys regarding issues relating to the Investment Advisers Act as well as other rules & regulations impacting investment advisers (e.g., CFTC rules).

Requirements

• Law Degree from accredited School of Law and admission to the MD State Bar or other State Bar AND 3+ years of total relevant work experience
• Experience working in or for a regulated financial institution, with familiarity of related federal regulatory regimes
• The successful candidate will demonstrate a strong willingness to learn and a proactive approach to tackling complex and multifaceted work assignments

Nice To Haves

• Attorney with in-house asset management experience and 5+ years of experience in practice area
• Experience negotiating investment management agreements for institutional and high net worth clients
• Demonstrated experience interacting with other attorneys, legal analysts and compliance groups
• Ability to interact effectively and work in partnership with a diverse group of internal and external contacts

Responsibilities

• Negotiates investment management agreements with institutional clients, incorporating input from numerous internal teams. Reviews presented business issues related to investment advisory activities, conducts legal research and investigations, and crafts legal solutions, balancing internal and external stakeholder interests with the risks of adverse legal actions, revenue loss, or reputational damage to the entity. Issues are typically complex or without much precedent and require creative solutions. Provides thoughtful and thorough legal analysis under tight deadlines and prioritizes competing tasks and requests. May enlist more junior colleagues to conduct more routine assignments within large-scale matters/issues.
• Communicates and collaborates with leaders who also serve in an advisory or oversight capacity, such as compliance, risk, audit, etc., and develops the legal response/position for complex issues identified as significant risks or areas of noncompliance. Coordinates with global colleagues on matters of broad relevance. Reviews summaries of legal matters and due diligence activities prepared by less experienced professionals for accuracy.
• Maintains an in-depth understanding of practice or functional area products and services or specializes in a specific product or practice area. Maintains knowledge of all regulators relevant to the practice or functional areas. Advances knowledge through participation in external industry or professional events.
• Handles a portfolio of moderate to complex, often specialized, legal issues, including serving as an advisor to internal and external stakeholders, relevant to issues affecting the assigned entities.
• Provides work guidance and mentoring to other legal department colleagues.

Benefits

• Competitive compensation
• Annual bonus eligibility
• A generous retirement plan
• Hybrid work schedule
• Health and wellness benefits, including online therapy
• Paid time off for vacation, illness, medical appointments, and volunteering days
• Family care resources, including fertility and adoption benefits

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Industry: Securities, Commodity Contracts, and Other Financial Investments and Related Activities
• Education Level: No Education Listed
• Number of Employees: 5,001-10,000 employees