Assistant General Counsel — Investments

Bessemer Trust; New York (NY); On-site; USD 225,000 - 265,000; Full time

Benefits offered by this job

401(k) with profit sharing

Competitive base salary

Medical, dental, vision coverage

Paid holidays, vacation, sick time

Hybrid work environment

Job summary

Bessemer Trust is seeking an experienced attorney to join its Legal Department as Assistant General Counsel — Investments. The role focuses on supporting an investment platform comprising registered and private funds and separate managed accounts for a wealth management client base.

The candidate should have fund structuring experience, familiarity with the Investment Company/ Advisers Acts, and strong collaboration with investment and compliance teams.

Qualifications

• JD from an accredited law school; member in good standing of the New York bar.

Responsibilities

• Provide legal advice on day-to-day operations and governance for funds.
• Advise investment teams on legal/regulatory issues affecting trading and operations.
• Draft, review, and negotiate investment-related documents and agreements.
• Oversee regulatory filings (e.g., Forms ADV, CRS, Reg D, 13H, 13F).
• Support corporate real estate and lease-related initiatives.
• Coordinate with compliance and external counsel; participate in special projects.

Skills

Analytical ability

Communication skills

Collaboration

Strategic thinking

Education

Juris Doctor (JD)

Job description

Position Title: Assistant General Counsel — Investments

Bessemer Trust is seeking an attorney with asset management experience to join the firm’s Legal Department. The Assistant General Counsel will be supporting an investment platform which consists of registered and private fund vehicles and separately managed accounts for a privately-held wealth management firm. This position is ideal for a motivated attorney who excels in a collaborative, client-centric environment and who has general corporate experience. The ideal candidate will have a working knowledge of matters involving the Investment Advisers Act of 1940, the Investment Company Act of 1940, the Bank Holding Company Act of 1956, the Securities Act of 1933, Securities Exchange Act of 1934, Regulation D, and FINRA Rules. The Assistant General Counsel will also support the firm’s corporate real estate and lease-related initiatives.

Key Responsibilities

• Provide legal advice and support on all aspects of day-to-day operations and governance for Bessemer Trust’s private and registered funds.


• Provide legal advice and support with respect to Bessemer Trust’s Family Company Advisory services.


• Advise investment teams on legal and regulatory issues relating to trading and operational matters.


• Advise on, review, and oversee the preparation and filing of various regulatory filings and reports (Forms ADV, CRS, Reg D, 13H, 13F) under the Securities Exchange Act of 1934 and the Investment Advisers Act of 1940.


• Draft, review, and negotiate investment-related documents, including non-disclosure agreements, sub-adviser agreements, model provider agreements, mutual fund distribution agreements, limited liability company agreements, offering memoranda, registration statements, 10b5-1 trading plans, private placement agent agreements, and other legal documents.


• Advise on, review, and oversee real estate lease agreements and related property matters, ensuring alignment with Bessemer Trust’s real estate objectives.


• Collaborate with compliance professionals on policies and procedures in core areas of focus.


• Stay current on industry trends, regulations and best practices related to core areas of focus and contribute to regulatory change management efforts.


• Coordinate with external legal counsel and other service providers as necessary.


• Assist with and/or take the lead on special projects and assignments as needed.

Qualifications

• JD from an accredited law school, and member in good standing of the New York bar required.


• 5+ years of professional experience with 3+ years of experience working with asset management vehicles and products, including alternative and registered investments at a law firm, bank, asset manager or broker-dealer.


• Experience in fund structuring and formation, drafting and reviewing offering documents for alternative and registered funds, as well as advising on issues related to the Investment Company Act of 1940, the Investment Advisers Act of 1940, the Securities Act of 1933, Exchange Act of 1934 and FINRA rules.


• Experience with commercial real estate, negotiating contracts and familiarity with cross-border asset management offerings a plus.


• Excellent analytical, written and oral communication skills; ability to distill complex concepts into discernable terms.


• Prudent and practical judgment and high level of integrity.


• Proactive in approach with ability to collaborate effectively with cross-disciplinary teams; excellent interpersonal and client service skills.


• Ability to handle multiple tasks and prioritize effectively.


• Ability to think strategically and critically to solve issues with innovative solutions, and with the focus and agility to drive execution on key priorities.

The base salary range for this position is $225,000 - $265,000 per year. This range reflects the minimum and maximum base salary we reasonably expect to pay for this role. In addition, this position may be eligible to participate in the relevant business unit’s incentive compensation plan, and other compensation programs as applicable. Eligible employees may participate in a 401(k) program with a generous profit-sharing contribution, medical, prescription dental, and vision coverage; life insurance; disability coverage; paid holidays; vacation; and sick time, subject to plan terms and Company policies.

About Bessemer Trust

• Bessemer Trust is a family office, overseeing $250 billion in assets for over 3,000 individuals and families of substantial wealth. Its more than 1,300 employees are singularly focused on private wealth management — disciplined investment management, sophisticated wealth planning, comprehensive family office services, and highly personalized client service.


• Established in 1907 as the family office for Annie and Henry Phipps, Bessemer Trust is in its seventh generation of ownership by the Phipps family. As a self-made entrepreneur, Henry Phipps was a founding partner and chief financial officer of Carnegie Steel.


• Bessemer Trust retains its original focus as a privately owned and independent wealth manager deeply committed to its mission of providing peace of mind to its clients. Bessemer’s adherence to putting clients’ interests first, fiduciary mindset, and highly collaborative culture are at the heart of everything the firm does.

Key Facts

• For more than 119 years, Bessemer Trust has operated continuously in a single line of business, independently owned by one family.


• Headquartered in New York’s Rockefeller Center, Bessemer Trust has 22 offices in total. Woodbridge, NJ, is one of the firm’s largest offices, which hosts a wide range of technology and operations professionals. In addition to its sizeable presence in New York and Woodbridge, the firm provides client service through offices in Atlanta, Boston, Chicago, Dallas, Delaware, Denver, Garden City, Grand Cayman, Greenwich, Houston, Los Angeles, Miami, Naples, Nevada, Palm Beach, San Diego, San Francisco, Seattle, Stuart, and Washington, D.C.


• To watch a video about Bessemer Trust’s history, click here.


• To learn more about Bessemer Trust, click here.

About Our Employee Rewards And Benefits

• We provide exceptional rewards and benefits that are among the best in the industry, giving our people access to a wide range of options, including:


• Competitive base salary plus discretionary annual bonus for select positions


• A 401(k) plan with a generous annual profit-sharing contribution


• Personalized development and career opportunities, including tuition reimbursement support


• Comprehensive medical, dental, and vision plans with zero contributions for employee coverage


• Employee assistance (EAP) and wellness programs


• Hybrid work environment: 60% in office, 40% remote for most positions


• Paid time off and paid parental leave


• Employer-paid life insurance and short- and long-term disability coverage


• Legal services and financial wellness plans at no cost to employees

Bessemer Trust is committed to creating a diverse and inclusive environment and is proud to be an equal opportunity employer. We encourage candidates of diverse backgrounds to apply.