Managing Legal Counsel – ’40 Act

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 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 one day 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 At T. Rowe Price, our associates are our greatest asset. We thrive because our company culture is built on inclusion and because we sustain a work environment where associates can bring their best selves to work every day. The backgrounds, talents, and experiences of our global associates allow us to embrace new ideas and perspectives that move our business priorities forward and enable us to deliver strong client outcomes. Here, you can expect equal opportunity and fair and consistent treatment for all.

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. Featured employee benefits to enrich your life:

• Competitive compensation
• Annual bonus eligibility
• A generous retirement plan
• Hybrid work schedule
• Health and wellness benefits, including online therapy
• Paid time off for vacation, illness, medical appointments, and volunteering days
• Family care resources, including fertility and adoption benefits

Learn more about our benefits. T. Rowe Price is an equal opportunity employer and values diversity of thought, gender, and race. We believe our continued success depends upon the equal treatment of all associates and applicants for employment without discrimination on the basis of race, religion, creed, color, national origin, sex, gender, age, mental or physical disability, marital status, sexual orientation, gender identity or expression, citizenship status, military or veteran status, pregnancy, or any other classification protected by country, federal, state, or local law. Apply tot his job Apply To this Job