Legal Counsel – Global Advisory

At T. Rowe Price, we identify and actively invest in opportunities to help people thrive in an evolving world. As a premier global asset management organization with more than 85 years of experience, we provide investment solutions and a broad range of equity, fixed income, and multi-asset capabilities to individuals, advisors, institutions, and retirement plan sponsors. We take an active, independent approach to investing, offering our dynamic perspective and meaningful partnership so our clients can feel more confident. 

We believe doing the right thing for our clients and our associates is good business. With a career at the firm, you can expect opportunities to create real impact at work and in your community. You’ll enjoy resources to support your career path, as well as compensation, benefits, and flexibility to enrich your life. Here, you’ll find a collaborative culture that respects and values differences and colleagues who share a spirit of generosity.  

Join us for the opportunity to grow and make a difference in ways that matter to you. 

About this Position

The Legal Counsel will be a member of the Global Advisory - North America Institutional team, providing legal advice and guidance on various institutional investment advisory matters in support of a variety of business units and legal entities within the T. Rowe Price organization.  The Legal Counsel may engage in a variety of functions, including negotiating institutional and private asset management (i.e., high net worth) separate account agreements and amendments; negotiating agreements with program sponsors for the firm’s separately managed accounts business; drafting and reviewing documents related to private funds; supporting legal filings such as the Form ADV; analyzing and interpreting new laws and regulations and advising on their impact to T. Rowe Price entities; and providing legal support and guidance to firmwide strategic initiatives as well as departmental projects. Additionally, this role will be responsible for coordinating and working with senior attorneys regarding issues relating to the Investment Advisers Act as well as other rules & regulations impacting investment advisers (e.g., CFTC rules).

Role Summary

• Requires specialized knowledge and expertise in their own job discipline and experience in integrating related disciplinary knowledge
• Supports a discipline or cross-functional program of notable risk; uses sophisticated analytical thought to identify innovative solutions
• Accountable for work of self and others; sets standards around which others will operate
• Works independently, with guidance in complex situations
• Acts as advisor to management and key external stakeholders on broad ranging projects

Responsibilities

• Negotiates investment management agreements with institutional clients, incorporating input from numerous internal teams.  Reviews presented business issues related to investment advisory activities, conducts legal research and investigations, and crafts legal solutions, balancing internal and external stakeholder interests with the risks of adverse legal actions, revenue loss, or reputational damage to the entity. Issues are typically complex or without much precedent and require creative solutions. Provides thoughtful and thorough legal analysis under tight deadlines and prioritizes competing tasks and requests.  May enlist more junior colleagues to conduct more routine assignments within large-scale matters/issues.
• Communicates and collaborates with leaders who also serve in an advisory or oversight capacity, such as compliance, risk, audit, etc., and develops the legal response/position for complex issues identified as significant risks or areas of 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.
• Maintains an in-depth understanding of practice or functional area products and services or specializes in a specific product or practice area. Maintains knowledge of all regulators relevant to the practice or functional areas. Advances knowledge throug