Asset Management (Registered Funds) Associate

Ropes & Gray LLP; New York (NY); Hybrid; USD 180,000 - 250,000; Full time

Job summary

Ropes & Gray LLP in New York seeks an experienced attorney to support investment management matters, including mutual funds, ETFs, and advisers. You will advise on fund formation, registration, and ongoing compliance for funds and boards, and collaborate with product development and compliance teams.

You will review prospectuses and shareholder reports, provide guidance on the Investment Company and Advisers Acts, and represent clients before regulators.

Responsibilities

• Provide legal advice on registered investment companies (mutual funds, ETFs) and their trustees/directors.
• Handle fund formation, registration, and ongoing compliance for funds, advisers, and boards.
• Draft and review prospectuses, information statements, and shareholder reports.
• Advise on securities laws (Investment Company Act, Advisers Act, Securities Act, Exchange Act) and regulatory interactions.
• Collaborate with client-side lawyers, portfolio managers, product development, and compliance on related matters.
• Mentor junior attorneys and staff; provide training.

Job description

Overview

• Providing legal advice and guidance to clients on matters related to registered investment companies, including mutual funds, exchange-traded funds (ETFs), listed closed-end funds, interval funds, tender offer funds, and business development companies, and their trustees/directors, as well as advising investment advisers on their business and regulatory matters.
• Responsibilities include fund formation, registration, and ongoing compliance for registered investment companies, their advisers, and boards, alongside advising on product development, including novel product designs.
• Reviewing and drafting legal documents such as prospectuses, statements of additional information, and shareholder reports, and conducting legal research and analysis on novel issues, laws, regulations, and industry trends.
• Advising clients on compliance with securities laws, including the Investment Company Act of 1940, the Investment Advisers Act of 1940, the Securities Act of 1933, and the Securities Exchange Act of 1934, and representing clients in interactions with regulatory authorities such as the SEC and state securities regulators.
• Collaborating with client‑side lawyers, portfolio managers, product development, and compliance officers, and contributing subject matter expertise to related practices, specifically mergers and acquisitions in the financial services industry.
• Providing training and guidance to junior attorneys and legal staff.