In this exciting role, you'll have the opportunity to apply your fiduciary experience and advise on complex ERISA, trust, and fiduciary matters within the Securities Services business. This position is ideal for those with experience in the financial services sector or ERISA litigation, offering a new challenge and a chance to apply your knowledge in a fresh context.
Job responsibilities
- Leading negotiation of a variety of complex service agreements, with a focus on agreements related to Trust and ERISA clients, including trust and custody agreements, for institutional clients
- Providing guidance on ERISA prohibited transaction exemptions across multiple product areas in Securities Services
- Providing guidance on requirements and responsibilities when acting in a directed trustee capacity and custodian of ERISA funds
- Providing guidance on requirements and responsibilities under Part 9
- Determining the applicability of regulatory requirements and working with stakeholders, including senior business and control partners, regarding implementation
- Ensuring day-to-day support of Securities Services business and functional partners, with a focus on the ERISA and Trust groups
Required qualifications, skills, and capabilities
- Ability to understand the business needs and partner with the business and control partners to create pragmatic solutions
- Excellent verbal and written communication skills and strong negotiation and drafting skills;
- Ability to interact effectively with clients
- Strong organizational and project management skills, ability to work independently, manage complex projects and multitask successfully in fast-paced and complex business environment
- At least 5 years of experience with a major law firm (or equivalent in-house experience).
- JD or educational equivalent required. Attorney candidates must be in compliance with all relevant licensing requirements including the requirements of the jurisdiction where the role will be located prior to commencement of employment
- All candidates for roles in the Legal department must successfully complete a conflicts of interest clearance review prior to commencement of employment. This position is located in Chicago or New York
Preferred qualifications, skills, and capabilities
- Background in providing legal services to operationally intensive businesses
- Familiarity with US securities laws, ERISA, Investment Company Act of 1940, Investment Advisers Act of 1940 and/or US insurance regulations