Senior Counsel, Asset Management
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 Legal’s Asset Management Group, you may be based in Pittsburgh, PA, Philadelphia, PA, Birmingham, AL, Cleveland, OH, or the District of Columbia. PNC is an in-office company that fosters a supportive culture where employees can thrive and achieve balance. We encourage candidates to connect with their recruiter and hiring manager to understand workplace expectations and ensure the role aligns with their goals. PNC will not provide sponsorship for employment visas or participate in STEM OPT for this position.
Requirements
- Juris Doctorate (J.D.) degree from an accredited law school
- Licensed to practice law in at least one jurisdiction
- Industry-relevant experience is typically 8+ years.
Nice To Haves
- Experience with ERISA plans and/or IRAs
Responsibilities
- Substantial experience with contract drafting and negotiation (e.g., agreements with mutual funds, subadvisors and model providers, private funds, and other vendors, as well as customer agreements)
- Extensive knowledge of investment management functions, trading, proxy voting, pricing and valuation
- Extensive knowledge of investment products (e.g., mutual funds, ETFs, private funds, hedge funds, derivatives, common trust funds, etc.)
- Expertise in fiduciary duties, suitability, conflicts of interest, required disclosures
- Expertise in bank regulatory requirements applicable to investment managers, trustees, and custodians
- Understanding of regulations applicable to registered investment advisers; SEC advertising rule
- Experience responding to regulator inquiries and examinations
- Ability to assist business with customer account administration issues, special projects, development of new products and services
- Experience with ERISA plans and/or IRAs a plus
- Ability and willingness to develop new skills, adapt to change, make connections across different products, services, and lines of business
- Excellent judgment and ability to help business partners achieve their goals in a risk appropriate manner
- 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.
Benefits
- medical/prescription drug coverage (with a Health Savings Account feature)
- dental and vision options
- employee and spouse/child life insurance
- short and long-term disability protection
- 401(k) with PNC match
- pension and stock purchase plans
- dependent care reimbursement account
- back-up child/elder care
- adoption, surrogacy, and doula reimbursement
- educational assistance, including select programs fully paid
- a robust wellness program with financial incentives
- maternity and/or parental leave
- up to 11 paid holidays each year
- 9 occasional absence days each year, unless otherwise required by law
- between 15 to 25 vacation days each year, depending on career level; and years of service.
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What This Job Offers
Job Type
Full-time
Career Level
Senior
