Senior Legal Counsel – ETFs & Registered Funds

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

Benefits offered by this job

Hybrid work schedule

Health and wellness benefits

Annual bonus eligibility

Retirement plan

Job summary

T. Rowe Price is seeking an experienced Managing Legal Counsel to support the U.S. registered funds ETF platform.

You will advise senior leaders, partner with Product, Distribution, Investments, and Compliance on complex regulatory matters, and lead regulatory filings and governance materials. The role requires deep ETF knowledge, board-facing experience, and the ability to manage outside counsel. This position offers hybrid work and the opportunity to shape ETF strategy across a premier asset

Qualifications

• Juris Doctor (J.D.) from an accredited law school.
• Active membership in good standing in at least one U.S. state bar.
• 10+ years of legal experience advising registered investment companies, including significant experience supporting ETFs or related investment products.
• Significant experience advising registered investment companies, asset managers, or financial services organizations.
• Deep knowledge of the Investment Company Act of 1940 and related federal securities laws.
• Demonstrated ability to provide practical legal advice on complex business and regulatory matters.
• Demonstrated experience interacting directly with senior executives, investment professionals, and business leaders.

Responsibilities

• Provides expert legal counsel on the formation, registration, launch, governance, and ongoing maintenance of registered investment products, with a focus on ETFs.
• Advises business partners on ETF-related matters, including product development, product changes, and innovative investment structures.
• Provides legal advice regarding 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 ETF-specific matters, including exchange listing requirements, capital markets activities, authorized participant arrangements, creation and redemption processes, and related operational considerations.
• Partners with Product, Investments, Capital Markets, Trading, Distribution, Operations, Compliance, and Risk teams on strategic initiatives affecting the firm's ETFs and registered fund platform.
• Serves as one of the primary legal advisors for ETF regulatory matters, including interaction with regulatory agencies.
• Monitors and interprets evolving ETF regulations and industry trends, ensuring proactive adjustments to legal strategy.
• Supports the preparation, review, and maintenance of registration statements, prospectuses, statements of additional information, shareholder communications, board materials, and other regulatory filings and disclosures.
• Collaborates with internal stakeholders and outside counsel to address complex legal, regulatory, and operational issues related to ETFs and registered funds.
• Leads cross-functional initiatives involving new products, regulatory developments, operational enhancements, and strategic business priorities.
• Handles a portfolio of complex, specialized legal matters, balancing business objectives with legal, regulatory, reputational, and operational risks.
• Retains and manages outside counsel as needed, including establishing expectations, directing work product, evaluating service quality, and managing costs.
• Conducts legal analysis and research regarding significant business and regulatory matters, develops practical solutions, and provides recommendations to senior management.
• Reviews and assesses legal analyses, due diligence activities, and regulatory developments prepared by less experienced professionals and provides guidance on legal strategy and execution.
• Provides work guidance, mentorship, and development support to attorneys, legal analysts, and other Legal department colleagues

Skills

Bar admission (US state)

10+ years legal experience

ETF regulatory knowledge

Experience advising senior executives

Investment Company Act knowledge

Education

Juris Doctor (J.D.)

Job description

T. Rowe Price is seeking an experienced Managing Legal Counsel to support the U.S. registered funds ETF platform.

You will advise senior leaders, partner with Product, Distribution, Investments, and Compliance on complex regulatory matters, and lead regulatory filings and governance materials. The role requires deep ETF knowledge, board-facing experience, and the ability to manage outside counsel. This position offers hybrid work and the opportunity to shape ETF strategy across a premier asset