Summary:
The Associate General Counsel Private Wealth will play an integral role within this respected asset management companys Legal Department. The ideal candidate will have private wealth legal and compliance experience, possess excellent organizational skills and strong written and oral communication skills, and be able to work effectively with colleagues and business groups across the firm. This role requires the ability to think critically, issue spot, and efficiently review a variety of marketing literature. This role reports to the General Counsel of Private Wealth.
Responsibilities:
- Provide strategic advice on legal and regulatory issues affecting the Private Wealth business including: advising on the legal and regulatory framework for the Private Wealth business; liaising with wealth advisors, portfolio managers and operations on all aspects of the client relationship; and assisting with legal issues around client account opening and maintenance.
- Provide advice regarding regulatory matters pertaining to a wealth management and asset management business, including the Investment Advisers Act, FINRA rules, Investment Company Act, Securities Act, and ERISA, and serve as the lead attorney and work with various colleagues to implement business changes that comply with changing regulations.
- Partner with business, operational and risk teams through all stages of the development of new advisory initiatives, including drafting and updating advisory agreements, drafting fund offering documents relating to private funds offered through the Private Wealth channel, and advising on and testing technology initiatives.
- Provide bank regulatory level advice to the companys trust company and ensure that the trust companys fiduciary responsibilities are properly discharged.
- Review and approve marketing materials and other client communications to ensure that they comply with regulatory requirements and internal compliance policies; assist in the review and maintenance of standard materials (firm materials, pitch books, factsheets, team pages, and biographies).
- Effectively and diplomatically manage competing priorities and provide guidance with respect to the regulatory requirements and the companys fiduciary responsibility to clients to the portfolio management teams, the sales teams and other firm personnel.
- Develop, implement, update and maintain monitoring processes to ensure ongoing compliance, and anticipate, manage and reduce risk with respect to all aspects of the advisory business.
Qualifications:
- At least five years of experience in-house at an asset management firm, or in the asset management group at a law firm with significant private wealth clients.
- Strong writing and analytical skills.
- Prior trust company experience a plus.
- Efficient and resourceful, able to work independently, handle multiple and changing priorities, and meet deadlines.
- Excellent organizational skills; detail oriented.
- Strong time-management skills; ability to prioritize multiple tasks efficiently.
- Ability to communicate effectively with senior management.
The salary range for this role is $175,000-$250,000. This range does not include any bonus that may be allocable to an employee in this role.