The incumbent should expect a wide variety of predominantly asset management assignments around the region, and therefore should have knowledge of fund structures and cross border distribution. The incumbent will also 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 Luxembourg funds, and will handle general commercial work, as may be needed, for the region.
Reviews and drafts various constitutional documents (such as prospectuses, articles of association/management regulations or financial statements) of T. Rowe Price's Luxembourg fund range, including UCITS funds and AIFs, SICAV and FCP structures. Works closely with product management to launch new vehicles and implement both regulatory and business-initiated changes to existing vehicles.
Reviews and negotiates fund distribution and all fund related purchase agreements, platform agreements etc. Works closely with colleagues in product management and intermediary liaison to identify legal, commercial and operational issues in such agreements and negotiate resolution.
Reviews and negotiates separate account agreements and amendments. Assists in completion of RFPs. Works closely with the onboarding team, the sales team and prospects to identify issues and negotiate resolution.
Investigates issues relating to distribution and marketing of investment products with regards to registration requirements for new markets. Advises the sales team accordingly and, working closely with London Compliance, completes the necessary documentation to register T. Rowe Price in the desired markets and/or works closely with Product Management to register the relevant products.
Undertakes complex legal projects covering areas such as data protection, anti-bribery etc. Undertakes research and summarises for senior legal and business colleagues.
Ensures that continuing registration and corporate obligations are tracked and met by liaising with external counsel to determine what those obligations are and liaising with finance, compliance and tax teams to ensure those obligations are correctly met. Works closely with the business groups, London Compliance, outside counsels and regulators in this regard.
Monitors relevant regulatory developments. Works closely with the business to advise on regulatory changes pertaining to the asset management and trading sector (such as MIFID II) and their impact.
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.
PERSONAL ATTRIBUTES / SKILLS / QUALIFICATIONS
Qualification as an attorney-at-law from a jurisdiction of the EU
Proven experience as a practicing lawyer with a preference for in-house experience
Demonstrable interest in the financial services market
Thorough knowledge of European fund structures, and the fund management industry and legislation (UCITS, AIFMD, MIFID) and/or widely registered UCITS fund ranges is of great advantage
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 as well
Work experience within the financial services area
Proficiency in Italian is desired; additional languages such as German and French would be helpful
Commercially aware and attuned to the needs of a global business
Must have a collaborative and client-enabling approach to the provision of legal support