Legal Counsel – Global Advisory at T. Rowe Price

Owings Mills, Maryland, United States

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Not SpecifiedCompensation

Mid-level (3 to 4 years), Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Asset Management, Investment Advisory, Financial ServicesIndustries

Requirements

Specialized knowledge and expertise in job discipline (investment advisory legal matters)
Experience integrating related disciplinary knowledge
Ability to support a discipline or cross-functional program of notable risk
Sophisticated analytical thought to identify innovative solutions
Accountable for work of self and others; sets standards for others
Works independently, with guidance in complex situations
Acts as advisor to management and key external stakeholders on broad-ranging projects
In-depth understanding of practice or function (e.g., Investment Advisers Act, CFTC rules, new laws/regulations)

Responsibilities

Negotiates institutional and private asset management (high net worth) separate account agreements and amendments
Negotiates agreements with program sponsors for separately managed accounts business
Drafts and reviews documents related to private funds
Supports legal filings such as Form ADV
Analyzes and interprets new laws and regulations and advises on their impact to T. Rowe Price entities
Provides legal support and guidance to firmwide strategic initiatives and departmental projects
Coordinates and works with senior attorneys on issues relating to Investment Advisers Act and other regulations impacting investment advisers (e.g., CFTC rules)
Negotiates investment management agreements with institutional clients, incorporating input from internal teams
Reviews business issues related to investment advisory activities, conducts legal research and investigations, crafts legal solutions balancing stakeholder interests with risks
Provides legal analysis under tight deadlines, prioritizes tasks, and enlists junior colleagues for routine assignments
Communicates and collaborates with advisory/oversight leaders (e.g., compliance, risk, audit) and develops legal responses for complex risks or 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

Skills

Legal Advice

Contract Negotiation

Separate Account Agreements

Private Asset Management

Program Sponsor Agreements

Private Funds Documentation

Form ADV

Regulatory Analysis

Legal Compliance

Strategic Initiatives

T. Rowe Price

Global asset management and investment advisory services

About T. Rowe Price

T. Rowe Price provides investment advisory services and retirement solutions to individual investors, financial intermediaries, and institutions. The firm employs a disciplined investment approach supported by extensive research to deliver long-term value. It generates revenue mainly through management fees based on the assets it manages, which amounted to $1.569 trillion as of June 30, 2024. T. Rowe Price serves a wide range of clients, including individual investors, retirement plan sponsors, and institutional investors like endowments and foundations. Its global reach and experienced investment teams enable the firm to offer various investment strategies and products, helping clients achieve their financial goals.

Baltimore, MarylandHeadquarters

1937Year Founded

$78,115.8MTotal Funding

IPOCompany Stage

Quantitative Finance, Financial ServicesIndustries

10,001+Employees

Benefits

Paid Volunteer Time

Parental Leave

Learning & Growth Resources

Matching Charitable Gifts

Health Care Benefits

Generous Retirement Plan

Risks

Increased competition from AI-powered platforms challenges T. Rowe Price's traditional strategies.

Departure of key personnel may impact T. Rowe Price's wealth management capabilities.

High valuations of AI startups could divert capital from traditional asset management firms.

Differentiation

T. Rowe Price offers a comprehensive range of investment strategies across various asset classes.

The firm emphasizes long-term value through disciplined investment and extensive research capabilities.

T. Rowe Price's global reach and diverse client base enhance its market position.

Upsides

Growing interest in AI-driven investment strategies presents new opportunities for T. Rowe Price.

The rise of quantum technology aligns with T. Rowe Price's focus on tech startups.

Collaboration trends in biotech offer potential investment opportunities in genetic medicine.

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