Senior Legal Counsel at T. Rowe Price

London, England, United Kingdom

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Asset Management, Investment ManagementIndustries

Requirements

Legal subject matter expertise in negotiation of contractual frameworks for investment products and services
Knowledge of fund structures, particularly OEICs/ICVCs in the UK, cross-border distribution, and investment management agreements
Experience with asset management assignments in EMEA and the UK, including a solid understanding of the asset management industry in the UK and EMEA
Ability to provide guidance and expertise on corporate secretarial work for T. Rowe Price International Ltd, its European subsidiaries, and EMEA funds
Commercially minded approach
Experience working closely with Legal Counsel in London and Luxembourg

Responsibilities

Review and update fund documents and materials, particularly relating to the T. Rowe Price Funds OEIC and its prospectus
Work closely with colleagues in legal and product management on FCA submissions, ongoing dialogue with the regulator, and coordinating advice with external legal counsel
Review and negotiate fund distribution/platform and purchase agreements; work with product management and intermediary liaison to identify and resolve legal, commercial, and operational issues
Review and negotiate separate account advisory and investment management agreements and amendments for institutional clients (e.g., banks, pension funds, sovereign wealth funds); assist in RFPs; collaborate with client onboarding, investment, and sales teams
Undertake complex legal projects and investment solutions launches, covering FCA consultations, policy statements, ESG, etc.; conduct research and summaries for senior legal and business colleagues
Review and negotiate general contracts (not directly related to separate account clients or funds); implement intra-group arrangements for tax, legal, or regulatory purposes (e.g., transfer pricing/intra-company settlements)
Ensure continuing registration and corporate obligations are tracked and met by liaising with regulators, external legal counsel, internal finance, compliance, and tax teams
Monitor relevant regulatory developments and advise the business accordingly
Provide legal advice and support to T. Rowe Price’s business operations in EMEA and Latin America, with a focus on EMEA and the UK
Handle general project work as needed for the region

Skills

Key technologies and capabilities for this role

Asset ManagementFund StructuresOEIC/ICVCCross Border DistributionInvestment Management AgreementsLegal NegotiationContract ReviewCorporate SecretarialEMEA RegulationsUK Financial Law

Questions & Answers

Common questions about this position

What are the main responsibilities of the Senior Legal Counsel role?

The role focuses on approving and distributing investment products and services, negotiating contractual frameworks, providing legal advice for EMEA and Latin America operations (especially EMEA and UK), reviewing fund documents like OEICs/ICVCs, handling FCA submissions, and negotiating fund distribution and investment management agreements.

What specific knowledge or experience is required for this position?

Candidates need knowledge of fund structures like OEICs/ICVCs in the UK, cross-border distribution, investment management agreements, and a solid understanding of the asset management industry in the UK and EMEA, with a commercially minded approach.

What is the company culture like at T. Rowe Price?

T. Rowe Price offers a collaborative culture that respects and values differences, with colleagues sharing a spirit of generosity, opportunities for real impact, career growth, and resources including compensation, benefits, and flexibility.

Is this a remote position or does it require office work?

This information is not specified in the job description.

What is the salary or compensation for this role?

This information is not specified in the job description.

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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