Managing Legal Counsel - '40 Act

About the position

We are hiring a Managing Legal Counsel to support T. Rowe Price's growing exchange-traded fund (ETF) business. The position will be a member of the 1940 Act Regulatory Oversight team in Owings Mills, MD. Provides expert legal counsel supporting T. Rowe Price's 1940 Act products and business areas, under the direction of Managing Legal Counsel. Viewed as a trusted internal resource capable of using experience and knowledge of T. Rowe's businesses and products to articulate and advance legal positions.

Responsibilities

• Provides specialized legal advice based on experience and research of mutual funds and ETFs, the Investment Advisers/Company Act of 1940, and related regulations and practices to internal stakeholders.
• Independently prepares and/or reviews internal and external materials affecting the business, including fund prospectus, proxy statements, and policies and procedures.
• Negotiate and/or advise on certain legal contracts and agreements.
• Communicates and collaborates with business teams and oversight partners, such as Compliance, and develops the legal response/position for issues identified.
• Maintains productive relationship with relevant regulators (particularly, SEC), external and internal clients, and board of directors.
• Lead and/or support routine processes or special projects, such as new rule implementation and business initiatives, on a cross-functional basis.

Requirements

• Law degree from accredited school of law
• Licensed and active state bar membership
• Attorney with 5+ years of in-house, government, or law firm financial services experience
• 5+ years of experience handling '40 Act issues and experience working with mutual funds and/or ETFs

Nice-to-haves

• Experience interacting with business teams, such as Investments, Distribution, Operations and Trading groups as well as other attorneys and compliance teams
• Ability and intent to (1) create value for clients; (2) think and act strategically; (3) champion integrity; (4) drive results and accountability; and (5) communicate effectively

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