Managing Legal Counsel, Subadvised Registered Funds

T. Rowe Price Hong Kong; Owings Mills (MD); Hybrid; USD 174,000 - 297,000; Full time

Benefits offered by this job

Competitive compensation

Annual bonus eligibility

Hybrid work schedule

Generous retirement plan

Health and wellness benefits

Paid time off and volunteering

Job summary

T. Rowe Price is seeking an experienced Managing Legal Counsel to support its U.S. registered funds platform, with emphasis on subadvised funds. You will collaborate with internal teams and external clients on regulatory matters, governance, and filings.

The role requires a JD, active bar admission (MD or other), and at least 10 years in relevant legal work. Hybrid work is available; base salary ranges from $174,000 to $297,000 annually, with discretionary bonus potential.

Qualifications

• Juris Doctor (J.D.) from an accredited law school.
• Active license to practice law and admission to the MD State Bar or another state bar.
• At least 10+ years of total relevant legal experience.
• Significant experience advising registered investment companies, investment advisers, or other financial services organizations.
• Strong knowledge of federal securities laws including the Investment Company Act of 1940 and the Investment Advisers Act of 1940.
• Experience drafting, negotiating, and interpreting complex investment management agreements and related legal documentation.
• Ability to analyze complex legal and regulatory issues and provide practical, business-focused legal advice.

Responsibilities

• Serve as the primary legal advisor for a portfolio of subadvised registered fund clients and investment strategies.
• Provide counsel on formation, registration, governance, and ongoing maintenance of registered investment products, especially subadvised funds.
• Advise business partners on registered fund-related matters, including product development and regulatory considerations.
• Consult with clients on matters related to the Investment Company Act of 1940, Securities Act of 1933, Securities Exchange Act of 1934, and SEC rules.
• Lead negotiation and drafting of investment management and subadvisory agreements, confidentiality agreements, side letters, and related documents.
• Advise on investment guideline development, client-specific requirements, and fee schedules.
• Identify legal risks and develop solutions aligned with firm standards and regulatory requirements.
• Review client questionnaires, due diligence, board materials, and renewal documents.

Skills

Regulatory awareness

Strong communication

Relationship management

Legal analysis

Education

Juris Doctor (J.D.)

Job description

T. Rowe Price is seeking an experienced Managing Legal Counsel to support its U.S. registered funds platform, with emphasis on subadvised funds. You will collaborate with internal teams and external clients on regulatory matters, governance, and filings.

The role requires a JD, active bar admission (MD or other), and at least 10 years in relevant legal work. Hybrid work is available; base salary ranges from $174,000 to $297,000 annually, with discretionary bonus potential.