Description:
Provide legal advice and transaction support to broker-dealer lines of business including marketing, cash products, retail retirement, and our phone-based advisor service group. Ensure consistency of disclosure documents and review contractual provisions for retail broker client agreements. Make recommendations for decision-making and for courses of action that comply with both company and industry practices, while outlining trade-off of business and legal risk and defining a range of solutions wherever possible. Ensure prudent and effective controls and risk mitigation strategies are implemented. Work under the supervision of Chief Counsel.Key Responsibilities:
Provide legal advice to lines of business regarding products, services,and operations, training/client disclosure material, contracts, and other legal matters relevant to the line of business supported. Analyze and assess risk in relatively straightforward cases or those which the General Counsel's Office (GCO) has dealt with previously to offer precedent. Offer legal insight to aid in business decision-making consistent with goals and objectives. Work with/manage relationships with outside counsel, as required.
Manage client agreement and disclosure review processes for the line of business supported that comply with industry regulations and standards. Benchmark evolving industry standards and practices.
Monitor laws and regulations to ensure compliance within the business line supported and enterprise overall, as appropriate. Escalate concerns and offer recommendations for solutions to issues that arise. Mitigate risk to the business.
Negotiate and draft agreements within purview of role and line of business based on legal experience and knowledge of subject matter.
Required Qualifications:
- JD or equivalent.
- 1-3 years relevant experience.
- Strong attention to detail, organization and ability to successfully manage several ongoing assignments.
- Ability to work independently and proactively to multi-task and demonstrate a strong sense of urgency.
- Exceptional communication, interpersonal, writing and problem-solving skills.
- Strong collaboration skills and dedicated team player are essential.
- Ability to establish credibility and build strong collaborative relationships internally and externally.
Preferred Qualifications:
- 3 - 5 years of experience with the financial services industry, in particular broker-dealers, investment advisers, asset management, and/or insurance, and applicable laws and regulations.
- Knowledge of federal securities and pension laws, including Reg BI, the Investment Advisers Act of 1940, and ERISA prohibited transaction rules, is a plus.
