Registered Fund Attorney - Senior Vice President

iCapital • New York, NY

5d • $240,000 - $280,000 • Hybrid

About The Position

iCapital is seeking a Senior Vice President to join its Legal Department’s Registered Funds Legal Team and assist with the expansion and management of its registered 1940 Act product launch and regulatory program. The role works closely with senior Portfolio Management, Product Development, Legal, Finance, and Regulatory and Compliance team members on legal and regulatory matters involving registered funds and related products, including closed-end tender offer funds, interval funds, ETFs, CITs, UITs, and SMAs. The position calls for exposure to the retail investment management business and experience drafting and negotiating fund documents and related materials, including placement and vendor agreements.

The role partners with internal teams to structure, launch, distribute, and maintain products; negotiates agreements with counterparties; prepares and reviews offering materials and fund documentation; and advises on applicable securities laws and regulatory requirements. It also supports corporate governance, ERISA and banking-law matters, regulatory compliance reviews, outside counsel coordination, and other product and fund-related legal work.

Requirements

• At least 6 years of fund formation experience in the registered fund or mutual fund space.
• Strong knowledge of the 1933 Act, 1934 Act, and 1940 Act, and Forms N-1A and N-2.
• Strong knowledge and experience in developing, launching, distributing, and maintaining TO Funds and Interval Funds, or alternatively UITs or CITs.
• Member in good standing of the New York, Connecticut, or another state or relevant jurisdiction bar.
• Ability to manage fund launches and complete related documentation in accordance with project plans.
• Strong interpersonal and communication skills.
• Willingness to learn new topics and work in an evolving business environment.
• Organized and detail-oriented, with big-picture capabilities.

Nice To Haves

• Law firm or in-house experience at an asset management firm.
• Experience with the Commodity Exchange Act and NFA Rules.

Responsibilities

• Partner with Product Development, Finance, and Product Maintenance teams to structure, launch, distribute, and maintain TO Funds, Interval Funds, ETFs, CITs, UITs, or SMAs across alternative asset classes.
• Negotiate agreements with distributors, service providers, fund managers, BDCs, non-traded REITs, private REITs, and other closed-end funds registered under the 1940 Act.
• Draft and review registered fund offering materials, including private placement memoranda and prospectuses, and private fund, UIT, and ETF legal documentation.
• Assist Regulatory and Compliance with matters concerning substantive provisions of the 1933 Act, 1934 Act, and 1940 Act, including affiliated transactions, fund-of-fund arrangements, and advisory and distribution contracts.
• Advise on legal implications of offering new and existing products and services.
• Coordinate outside legal counsel on regulatory, corporate, and fund investment matters.
• Assist with corporate governance matters related to launching, maintaining, and distributing registered investment companies, including TO Funds, Interval Funds, ETFs, and UITs.
• Assist with issues related to ERISA and banking laws.
• Review materials for SEC, CFTC/NFA, or FINRA compliance, as appropriate.
• Draft, review, and negotiate fund and related contracts, including advisory, distribution, and trading agreements and other fund formation documentation.
• Perform ad hoc research projects.
• Partner with Legal and Compliance team members on product and regulatory matters.

Benefits

• Salary range of $240,000 to $280,000.
• Equity for all full-time employees.
• Annual performance bonus.
• Employer-matched retirement plan.
• Subsidized healthcare, including employer-paid dental, vision, telemedicine, and virtual mental health counseling.
• Parental leave.
• Unlimited paid time off.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Education Level: No Education Listed