Senior Counsel, Subadvised & Registered Funds

T Rowe Price; Owings Mills (MD); Hybrid; USD 174,000 - 350,000; Full time

Benefits offered by this job

Competitive compensation

Annual bonus eligibility

Hybrid work schedule

Health and wellness benefits

Paid time off

Job summary

T. Rowe Price is seeking an experienced attorney to serve as Managing Legal Counsel for the U.S. registered funds platform, with emphasis on subadvised funds. You will collaborate with internal teams to manage governance, regulatory filings, and client matters.

The role requires extensive experience with registered funds and strong advisory capabilities across business and regulatory concerns. Hybrid work is offered, with opportunities to influence strategic initiatives.

Qualifications

• Juris Doctor (J.D.) degree 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 and regulations, including the Investment Company Act of 1940 and Investment Advisers Act of 1940.
• Experience drafting, negotiating, and interpreting complex investment management agreements and related legal documentation.
• Demonstrated ability to analyze complex legal and regulatory issues and provide practical, business-focused legal advice.
• Strong communication and relationship-management skills.

Responsibilities

• Serves as the primary legal advisor for a portfolio of subadvised registered fund clients and investment strategies.
• Provides legal counsel on the formation, registration, launch, governance, and ongoing maintenance of registered investment products, with a focus on subadvised registered funds.
• Advises business partners on registered fund-related matters, including client specific impacts, product development initiatives, product changes, and related regulatory considerations.
• Consults with clients and internal business partners on matters related to the Investment Company Act of 1940, Securities Act of 1933, Securities Exchange Act of 1934, SEC rules and guidance, exchange requirements, and industry developments.
• Supports subadvised-specific matters, including: leading the negotiation, drafting, and interpretation of investment management agreements, subadvisory agreements, confidentiality agreements, side letters, amendments, and other client-facing documentation; advising on investment guideline development and revisions, client-specific requirements, fee schedule changes, and related contractual implications; identifying legal risks and developing solutions that align business objectives with firm standards and regulatory requirements; reviewing client questionnaire responses, due diligence materials, board-related documentation, and contract renewal materials.
• Partners with internal and external stakeholders including Product, Investments, Capital Markets, Trading, Distribution, Operations, Compliance, and Risk teams on matters affecting the firm's subadvised and registered fund platform.
• Monitors and analyzes regulatory developments and industry trends affecting registered funds and advises stakeholders and clients regarding their potential impact.
• Assists with the preparation, review, and maintenance of registration statements, prospectuses, statements of additional information, shareholder communications, board materials, and other regulatory filings and disclosures.
• Conducts legal analysis and research regarding business and regulatory matters and provides practical recommendations to clients and internal stakeholders.
• Provides guidance and support to less experienced legal department colleagues as appropriate.

Skills

Regulatory compliance

Legal advisory

Contract negotiation

Team collaboration

Communication

Education

Juris Doctor (J.D.)

MD State Bar admission

Job description

T. Rowe Price is seeking an experienced attorney to serve as Managing Legal Counsel for the U.S. registered funds platform, with emphasis on subadvised funds. You will collaborate with internal teams to manage governance, regulatory filings, and client matters.

The role requires extensive experience with registered funds and strong advisory capabilities across business and regulatory concerns. Hybrid work is offered, with opportunities to influence strategic initiatives.