PRIMARY PURPOSE OF THE POSITION
The Attorney/ERISA Fiduciary independently works with T. Rowe Price Associates, Inc., T. Rowe Price Retirement Plan Services, Inc. (RPS) and T. Rowe Price Trust Company, Inc. to research and resolve complex legal and compliance issues pertaining to the application of ERISA to the products and services offered by the aforementioned business units, as well as general legal questions pertaining to the recordkeeping business. The incumbent will work to resolve appropriate inquiries under minimal supervision by conducting legal research, analyzing findings, and making recommendations to the business units to support their decision making process. The incumbent will use his or her knowledge of the T. Rowe Price businesses to understand intersections with other legal areas, and will independently coordinate with team members (Senior Legal Counsel and Managing Counsel) as well as attorneys in other groups to insure that comprehensive counsel is provided to the business on requested topics. In performing responsibilities, incumbent will work independently with the business units to discuss legal issues and interact with regulators, clients, Senior Legal Counsel, and Managing Counsel, as required.
Analyzes and researches complex retirement plan related legal matters RPS and firm-wide and presents to Senior Legal Counsel and Managing Counsel, as appropriate, the results of such research and analysis, including interpretations, findings, and recommendations. Applies structured, logical thinking to analyzing operational issues, answering inquiries, evaluating risks, and interpreting legal principals relative to applicable laws, rules, regulations, and precedents.
Drafts and reviews legal documents, such as investment advisory agreements and trust documents, internal compliance manuals, communications, and other materials to ensure compliance with applicable laws and regulations, and to mitigate legal risk to the firm.
Provides material assistance in responding to external inquiries (from clients, counterparties or regulatory bodies), and assists the business in addressing unusual circumstances, such as those that may arise in connection with investments held in plans or investments as to which a T. Rowe Price entity serves as ERISA fiduciary. .
Coordinates with legal department colleagues and business units to analyze, evaluate, and implement legislative and regulatory proposals and new developments impacting business practices, products, and the provision of products and services to retirement plans and tax-exempt investors. Assists in the review and development of new product and service offerings to ensure compliance with applicable laws, rules, and regulations.
Moderate experience or familiarity with laws and regulations in any of the noted areas of responsibility.
5 to 6 years of relevant experience since the date of bar admission, with some of those years spent in a private law firm or corporate legal department setting.
College Degree Law Degree from accredited school of law
Five to six years of related work experience
Must have ability to learn and then use and apply complex laws and regulations for a wide variety of areas.
Strong oral and writing skills.
Strong analytical/problem solving skills.
Attention to detail.
Ability to interact effectively and work in partnership with a diverse group of internal and external contacts.
Ability to balance the needs of individual business units with a broader understanding of the objectives of the firm as a whole.
Excellent conflict management skills.
T. Rowe Price is an Equal Opportunity Employer
T. Rowe Price Group administers an eponymous family of about 100 mutual funds in a variety of investment styles. Traditionally oriented...