T. Rowe Price Sr. Legal Analyst in Owings Mills, Maryland
Our mission as a leading investment management firm is to help our clients achieve their long-term financial goals. We believe our associates are the key to this mission and we are always looking for talented individuals who share our commitment to our client’s success.If you’re looking for challenging work experiences and the ability to learn in a collaborative culture, we invite you to explore the opportunities available at T. Rowe Price.
PRIMARY PURPOSE OF THE POSITION
This position is responsible for working with the custodians for a variety of T. Rowe Price investment products in order to open trading accounts in non U.S. markets. The incumbent is challenged to be resourceful, proactive, and thorough while working under strict deadlines in an increasingly regulated environment. Incumbents identify, research, analyze, comment on and monitor legal issues and legal documents pertaining to their area of expertise. This position requires incumbents to work independently and/or with minimum supervision to accomplish the objectives set by the Lead Legal Analyst and/or Legal Counsel. The position is distinguished from the Legal Analyst by its autonomous nature of and greater authority with which to make recommendations to the Lead Legal Analyst, respond to regulatory inquiries, and provide consultative services to the business unit on applicable legal matters. Incumbents are expected to resolve most problems through the application of judgment and precedent, only referring decisions with significant impact for review and authorization by higher level staff or Legal Counsel.
Works with designated bank custodians to determine the required legal documentation necessary to establish trading accounts in non-U.S. jurisdictions as it applies to the T. Rowe Price mutual funds, SICAVs, FCPs, OEICs, and Common Trust Funds. Each product requires its own trading account in each country. During times of regulatory change, works with the designated bank custodians to ensure that trading accounts meet all current documentation requirements; renew or update documentation as necessary with minimal supervision.
Analyzes and researches various non-U.S. jurisdictions for required legal documentation and presents recommended actions to Legal Counsel based on those findings. Required documentation may vary significantly from country to country.
Drafts the required documentation and standard forms for establishing the trading accounts and submits to the appropriate non-U.S. jurisdiction. Forms may include but are not limited to the following: Power of Attorney, Market-specific applications, Employee Identification Number and Verification Form, Certified true copies of constitutive documents and proof of registration with a regulatory authority, Authorized Signer List, etc.
Once documentation has been reviewed and submitted to custodian bank, incumbent often negotiates with the custodians to meet further requirements in order to open the trading account. Negotiation process can often be complex. Incumbent must use expertise and judgment in order to fulfill requirements timely in order to meet business needs.
Monitors status of powers of attorney documents and submits necessary documents to ensure there are no lapses in voting authority in non-US issuer shareholder meetings, and establishes the powers of attorney when they are not already in place.
College degree and 3 years experience, or
Associate degree and 5 years related work experience, or
High school diploma/equivalent and 7 years related work experience
Excellent interpersonal and influencing skills
A team-worker who must be able to build working relationships both with external custodians/service providers and the wider business
Pro-active, must meet deadlines with minimal oversight
Analytical skills allied with creative thinking
Must be able to work under pressure and produce results without close supervision
Excellent organizational skills
Ability to adapt to ever changing regulatory environment
Ability to implement proof reading and self-checking of work
2 to 3 years relevant experience
General knowledge of the corporate structure of T. Rowe Price, a mutual fund, SICAV fund, OEIC and common trust fund
Project management capabilities
An additional 2 - 3 years of previous regulatory, industry, and/or paralegal experience in the area of expertise
T. Rowe Price is an Equal Opportunity EmployerT. Rowe Price is an asset management firm focused on delivering global investment management excellence and retirement services that investors can rely on–now, and over the long term.