Providing general transactional legal and regulatory advice to OST personnel and business teams across all portfolios in the Investment Division. Participating in the legal negotiation of the Investment Division's investment transactions, working with outside counsel as needed. Reviewing, revising and negotiating transaction documents. Performing side letter reviews (as well as maintaining and updating standard side letter provisions) Assisting with matters relating to real estate holdings, in coordination with the paralegal and outside counsel. Monitoring industry best practices and implementing, or suggesting implementation of such practices, where appropriate. Overseeing securities, regulatory and tax compliance matters, in conjunction with outside counsel as needed. Advising on applicable state law. Coordinating with the Oregon Department of Justice, as needed. Assisting in the leadership of OST's Legal and Compliance Division (including supervising the Legal and Compliance Division's paralegal and administrative staff).
What we are looking for...
Demonstrated ability to analyze and communicate complex legal issues to various audiences. Prior supervisory experience. Eager to participate as a team player. Enjoys collaborative problem solving. Comfortable with change. Demonstrated negotiation and transaction management skills. Commitment to public service. Excellent oral communication and writing skills. Ability to get along with a wide cross section of people. Focus on client service.
What we want...
A Juris Doctorate Degree is required. A minimum of seven (7) years' experience as a practicing attorney is required, with a minimum of eight (8) years' experience in transactional law highly preferred. A minimum of five (5) years' experience with securities and investment transactions is highly preferred. Experience representing a governmental pension plan in investment-related matters is helpful.
OST is led by the State Treasurer, a constitutional officer and statewide elected official. The Treasurer serves as the chief financial officer for the state and is responsible for the prudent financial management of state money. The Treasurer serves a four-year term, and, if reelected, may hold the position for two terms. The current State Treasurer is Tobias Read, who was sworn into office in January 2017.
OST is a highly sophisticated organization with a wide range of financial responsibilities, including (1) managing the state's pension fund, (2) issuing all state debt, and (3) serving as the central bank for state agencies. OST manages the daily investment of nearly $90 billion in assets, held in a diversified investment portfolio of domestic and international equities, fixed income securities, alternative and opportunistic investments, real estate and cash. The 120+ member OST staff takes great pride in their statewide and national reputation for progressive approaches to service delivery.
The Investment Division is responsible for the productive and prudent investment of State of Oregon funds enumerated in statute, and entrusted to the Oregon Investment Council (OIC) and the State Treasurer for management. Investments include trust funds, constitutional bond funds, those funds not necessary to meet current state or local demands, and excess funds (state and local). OST executes investment policies established by the OIC. OST's Legal and Compliance Division consists of personnel performing two separate and distinct functions. Attorneys and legal staff perform authorized legal work for OST. Separately, compliance personnel monitor and evaluate compliance with applicable policies, procedures, and contractual obligations. The Legal and Compliance Division supports the investment function but is independent of and autonomous from the Investment Division.
The position is responsible for performing authorized legal work for OST, overseeing a broad range of investment-related legal issues and transactions. The position ensures that investment activity undertaken by Investment Division staff complies with applicable laws and policies. This position is charged with engaging management to formulate responses to issues and problems as they arise. The position supports the efforts of the OIC and the State Treasurer to fulfill their fiduciary duties. This position requires strong analytical skills and an extensive knowledge of applicable legal principles and concepts to carry out the foregoing functions that, absent this position, would be performed by outside counsel or the General Counsel. This position involves the practice of law as a Special Assistant Attorney General, pursuant to an interagency agreement with the Oregon Department of Justice.