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, Financial Services, Investment ManagementIndustries

Requirements

Bachelor's degree
Professional qualification as a solicitor of England and Wales with a demonstrable interest in the financial services industry
Strong commercial experience gained in private practice and/or relevant in-house Legal department
Demonstrable experience in drafting, review and negotiation of fund-related documentation, asset management-related documentation and commercial contracts
Fluent in English
Excellent written and oral skills
Attention to detail and ability to work under tight timeframes and meet deadlines
Ability to interact with a diverse group of internal and external contacts
A team player who can work independently
(Preferred) Work experience within the financial services area, preferably relating to OEICs/ICVCs in the UK, the FCA
(Preferred) Commercially aware and attuned to the needs of a global business
(Preferred) Must have a collaborative and client-enabling approach to the provision of legal support
Knowledge of fund structures, in particular OEICs/ICVCs in the UK, cross border distribution, and investment management agreements
Solid understanding of the asset management industry in the UK and EMEA
Commercially minded

Responsibilities

Reviews and updates fund documents and materials, in particular relating to the T. Rowe Price Funds OEIC and its prospectus
Works closely with colleagues in legal and product management on FCA submissions, ongoing dialogue with the regulator, as well as coordinating advice with external legal counsel
Reviews and negotiates fund distribution/platform and purchase agreements
Works closely with colleagues in product management and intermediary liaison to identify legal, commercial and operational issues in such agreements and to negotiate resolution
Reviews and negotiates separate account advisory and investment management agreements and amendments for institutional clients such as banks, pension funds and sovereign wealth funds
Assists in completion of RFPs. Works closely with the client onboarding, investment and sales teams to identify issues and negotiate resolution
Undertakes complex legal projects and investment solutions launches, covering areas related to FCA consultations and policy statements, ESG etc. Undertakes research and summaries for senior legal and business colleagues
Reviews and negotiates general contracts (not directly related to separate account clients or funds)
Implements intra-group arrangements as may be required for tax, legal or regulatory purposes e.g. transfer pricing / intra-company settlements
Ensures that continuing registration and corporate obligations are tracked and met by liaising with regulators, external legal counsel, internal finance, compliance and tax teams to ensure those obligations are correctly met
Monitors relevant regulatory developments. Works closely with the business to advise on regulatory changes pertaining to the asset management and trading sector, and their impact
Provide legal advice and support to T. Rowe Price’s business operations in EMEA and Latin America, with particular focus on EMEA and the UK
Provide guidance and expertise to associates responsible for corporate secretarial work for T. Rowe Price International Ltd, its European subsidiaries, and T. Rowe Price’s EMEA funds
Handle general project work, as may be needed, for the region

Skills

Key technologies and capabilities for this role

Contract NegotiationFund DocumentationProspectus ReviewFCA SubmissionsOEIC/ICVCCross-Border DistributionInvestment Management AgreementsFund Distribution AgreementsRegulatory ComplianceCorporate Secretarial

Questions & Answers

Common questions about this position

What is the employment type for this Senior Legal Counsel position?

The position is full-time employment.

Is this Senior Legal Counsel role remote or office-based?

This information is not specified in the job description.

What key skills and expertise are required for this role?

The role requires 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. Candidates should be commercially minded with expertise in reviewing fund documents, negotiating agreements, FCA submissions, and monitoring regulatory developments.

What is the team structure like for this position?

The role involves working closely with Legal Counsel in London and Luxembourg, as well as colleagues in legal, product management, intermediary liaison, client onboarding, investment, sales, finance, compliance, and tax teams.

What makes a strong candidate for this Senior Legal Counsel role?

A strong candidate will have legal expertise in asset management, particularly with UK OEICs/ICVCs, cross-border distribution, and investment agreements, along with a commercial mindset and experience supporting EMEA business operations through negotiations, regulatory monitoring, and project work.

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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