Senior Counsel--Broker-Dealer

PNC•Washington, DC

1d•$159,600 - $296,400•Onsite

About The Position

At PNC, our people are our greatest differentiator and competitive advantage in the markets we serve. We are all united in delivering the best experience for our customers. We work together each day to foster an inclusive workplace culture where all of our employees feel respected, valued and have an opportunity to contribute to the company’s success. As a Senior Counsel within PNC's Corporate Governance organization, you will be based in Washington, D.C. PNC Wealth Management (PNCWM) is PNC’s fast-growing retail investment adviser/broker-dealer. PNCWM’s advice and planning model places an emphasis on managed accounts and PNCWM’s advisory wrap accounts have over $30 billion in assets under management. We are seeking an attorney with experience in investment adviser and broker-dealer regulatory matters to join a team of legal professionals focused on supporting PNCWM as it continues to grow. The successful candidate will have experience with FINRA and SEC regulation of broker-dealers. Familiarity with regulation of investment advisers and/or insurance agencies is also desirable. Within the PNCWM legal team, you will have opportunities to work closely with counterparts supporting related lines of business, including PNC’s Retail Banking, Private Bank and Capital Markets businesses, as well as PNC’s government and regulatory affairs groups.

Requirements

Typically at least five years of experience in investment adviser and broker-dealer regulatory matters and demonstrated ability to fulfill designated responsibilities
The candidate must have an understanding of the securities regulatory process and applicable SEC rules and prior experience with a regulator or another dual registrant is desirable
J.D. or equivalent degree from an accredited law school
Currently licensed to practice in the courts of one or more states
Demonstrated good judgment, strong legal analysis, and oral and written communication skills
Roles at this level require a Juris Doctorate (J.D.) degree from an accredited law school and licensed to practice law in at least one jurisdiction
Industry-relevant experience is typically 8+ years

Nice To Haves

Familiarity with regulation of investment advisers and/or insurance agencies is also desirable
Under special circumstances, advanced knowledge in a highly specialized legal area may be substituted for fewer overall years of experience

Responsibilities

Primary responsibility for providing legal advice regarding PNCWM’s broker-dealer, including new product and service offerings
Interacting directly with PNCWM’s senior business management and compliance and risk management personnel
Monitoring for and advising PNCWM on forthcoming regulations and regulatory guidance issued by PNCWM’s primary regulators
Developing policies and practices to ensure regulatory and legal compliance
Representing PNCWM in interactions with external counsel and counsel for other parties, including fund companies and clearing brokers
Performing work independently with minimal supervision while exercising sound, independent judgment and discretion
Performs significant and complex legal work while regularly interacting with management
Oversees legal research, analysis, consultation, and documentation within a framework of legal compliance and risk management
Responsible for managing the expense for outside counsel relationships, provides strategic direction on when to leverage outside counsel
Works with outside counsel combining their advice with analysis and feedback from internal stakeholders to provide practical guidance
Networks with outside organizations to advance legal interests and legal health of the corporation and its industry