Managing Legal Counsel – ’40 Act at T. Rowe Price

Owings Mills, Maryland, United States

Apply Now

Not SpecifiedCompensation

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

Full TimeJob Type

UnknownVisa

Financial Services, Asset ManagementIndustries

Requirements

Law degree from an accredited school of law
Licensed and active state bar membership
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

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
Negotiates and/or advises on certain legal contracts and agreements
Communicates and collaborates with business teams (Investments, Distribution, Operations, and Trading groups) and oversight partners (Compliance), developing the legal response/position for issues identified
Maintains productive relationships with relevant regulators (particularly, the SEC), external and internal clients, and the board of directors
Leads and/or supports routine processes or special projects, such as new rule implementation and business initiatives, on a cross-functional basis

Skills

1940 Act

Investment Company Act

Mutual Funds

ETFs

SEC Regulations

Fund Prospectus

Proxy Statements

Legal Contracts

Compliance

Financial Services Law

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.

Land your dream remote job 3x faster with AI

Try Jobo Free