The Senior Counsel – Investment Solutions will provide legal support to Great Gray’s trust and administrative services businesses, focusing on ERISA, CITs, and investment solutions. This role involves advising internal teams, drafting and negotiating agreements, supporting product development, and serving as in-house counsel for employee benefits.
Responsibilities
- Advise and support the trust and administrative services business
- Counsel various internal working groups and committees and employees at all levels of Great Gray
- Support for our trust business will focus primarily on CIT matters such as eligibility and investment questions
- Support for our trust business will include applications for IRS determination letters of tax-exempt status
- Support for our trust business will include securities and commodities law exemptions
- Negotiate and draft agreements with subadvisors, insurance companies, trading platforms, custodians, recordkeepers and other administrative service providers
- Oversee, draft, and negotiate fund formation documents, including funds with innovative strategies (e.g., private market exposure, lifetime income)
- Establish and execute legal strategies for high-priority business projects
- Establish and execute legal strategies for conversion of CIT assets from other trust companies
- Establish and execute legal strategies for M&A activities
- Support for our administrative services business will focus primarily on CITs trusteed by other banks and other collective investment products
- Support Great Gray retirement policy and advocacy aligned with the overarching goal of putting more money in Americans’ retirement accounts
- Partner with Marketing team on campaigns educating the retirement marketplace about CITs
- Advance Great Gray’s retirement policy thought leadership
- Oversee, draft, and revise content used by subscribers to the RPAG platform to advise retirement plans
- Serve as legal adviser to 401(k) Plan Committee
- Serve as in-house counsel for HR department on employee benefits issues
- Serve as a subject matter expert on various legal and regulatory matters affecting the business, including asset management, capital markets, distribution, ERISA and state law matters
- Provide legal support for special projects, such as new services, products, and partnerships
- Provide legal support for special projects, such as M&A
- Provide legal support for special projects, such as reviewing, rationalizing, and updating template contracts and administrative forms and related workflows used by the businesses
- Provide legal support for special projects, such as defining requirements for and implementing technology solutions to enhance efficiency
- Represent the company in external engagements with various parties, including clients, business partners, regulators, trade associations and outside counsel
- Stay abreast of new laws, regulations, and industry trends, and recommend responses
- Review and negotiate a wide range of legal agreements and other documents essential to the operation of the business
- Partner with compliance, risk, marketing, sales, and audit groups as appropriate
- The Senior Counsel role is a hands-on position
- A successful candidate will be eager and able to move seamlessly between advising on strategic issues and doing the legal work required to support the commercial business
- Complete other related duties as assigned
Requirements
- JD from an accredited law school
- Minimum of 5 years of experience as an attorney
- Admission to a state bar
- Ability to identify legal issues, evaluate legal risks, and offer constructive solutions
- Strong interpersonal, organizational, and negotiation skills
- Strong analytical and decision-making skills
- Excellent written and verbal communication skills and the ability to communicate effectively with all levels of Great Gray and with external stakeholders
- Excited to work in a high growth, dynamic, and sometimes uncertain environment
- Exhibits our Great Gray attributes: Results-Driven, Innovative, Resilient and Decisive
- Your standards reflect our core values: Growth Mindset, Disciplined Curiosity, Grit, Results Ownership, Collaboration
Nice to Have
- Combination of experience in a large law firm and a corporate legal department
- Significant experience in financial services
- Asset management and ERISA subject matter expertise strongly preferred
- Experience advising on transactions involving plan assets subject to ERISA and the Internal Revenue Code
- In-depth experience drafting, reviewing and negotiating a wide range of contracts
- New product/service development, private market fund formation, and M&A experience preferred
Benefits
- Be an integral part of a high-growth organization!
- Competitive compensation package
- Group medical, dental and vision insurance
- Employer-paid life and disability insurance
- Annual well-being stipend
- Eligible employees may contribute to a 401(k) plan with an advantageous employer contribution model, upholding our mission to support our employees in retirement
Compensation
$225,000 - $250,000 base pay range; participation in an annual incentive bonus plan (not included in base range). Equity: not mentioned. Annual incentive bonus plan participation
Work Arrangement
hybrid — Boston, MA, Wilmington, DE, Las Vegas, NV, Washington, DC, Miami, FL, Charlotte, NC, New York metro region — Hybrid work model: 4 days onsite, 1 day remote. Remote work considered only in specific jurisdictions.
Team
Team size: not specified. Structure: Legal team within Great Gray Group, reporting to senior leadership; collaborates with trust, administrative services, compliance, risk, marketing, sales, audit, and HR departments. Reports to: not explicitly stated
- Results-Driven
- Innovative
- Resilient
- Decisive
- Growth Mindset
- Disciplined Curiosity
- Grit
- Results Ownership
- Collaboration
Additional Information
- Visa sponsorship or transfer of an existing visa is not available for this position
- Applicants must be authorized
