Managing Legal Counsel – ’40 Act

There is a place for you at T. Rowe Price to grow, contribute, learn, and make a difference. ​ We are a premier asset manager focused on delivering global investment management excellence and retirement services that investors can rely on today and in the future. The work we do matters. We invite you to explore the opportunity to join us and grow your career with us.

About this Position

We are hiring a Managing Legal Counsel to support T. Rowe Price’s growing exchange-traded fund (ETF) business. The position will be a member of the 1940 Act Regulatory Oversight team in Owings Mills, MD.

Role Summary

Provides expert legal counsel supporting T. Rowe Price’s 1940 Act products and business areas, under the direction of Managing Legal Counsel. Viewed as a trusted internal resource capable of using experience and knowledge of T. Rowe's businesses and products to articulate and advance legal positions.

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.
• Negotiate and/or advise on certain legal contracts and agreements.
• Communicates and collaborates with business teams and oversight partners, such as Compliance, and develops the legal response/position for issues identified.
• Maintains productive relationship with relevant regulators (particularly, SEC), external and internal clients, and board of directors.
• Lead and/or support routine processes or special projects, such as new rule implementation and business initiatives, on a cross-functional basis.

Qualifications

Required:

• Law degree from accredited school of law
• Licensed and active state bar membership
• Attorney with 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

Preferred:

• Experience interacting with business teams, such as Investments, Distribution, Operations and Trading groups as well as other attorneys and compliance teams
• Ability and intent to (1) create value for clients; (2) think and act strategically; (3) champion integrity; (4) drive results and accountability; and (5) communicate effectively

FINRA Requirements

FINRA licenses are not required and will not be supported for this role.

Work Flexibility

This role is eligible for hybrid work, with up to two days per week from home.

Base Salary Ranges

Please review the job posting for the location of this specific opportunity.

$170,000.00 - $291,000.00 for the location of: Maryland, Colorado, Washington and remote workers
$187,000.00 - $320,000.00 for the location of: Washington, D.C.
$213,000.00 - $350,000.00 for the location of: New York, California

Placement within the range provided above is based on the individual’s relevant experience and skills for the role.  Base salary is only one component of our total compensation package.  Employees may be eligible for a discretionary bonus, which is determined upon company and individual performance.

Commitment to Diversity, Equity, and Inclusion

We strive for equity, equality, and opportunity for all associates. When we embrace the power of diversity and create an environment where people can bring their authentic and best selves to work, our firm is stronger, and we create greater value for our clients. Our commitment and inclusive programming aim to lift the experience for each associate and builds allies for our global associate community. We know that a sense of belonging is key not only to your success at the firm, but also to your ability to bring your best each day.

Benefits

We value your goals and needs, at work and in life. As an associate, you’ll be supported with resources, benefits, and work-life balance so you can thrive in ways that matter to you<