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Assistant General Counsel - Investment Management/Mutual Funds in New York, NY at M&T Bank

Date Posted: 11/30/2018

Job Snapshot

Job Description

M&T Bank

Assistant General Counsel – 40 Act /Investment Management /Mutual & Private Funds

New York, NY

The successful candidate will be located in New York City, New York.  The successful candidate will be supporting the Asset Management business unit within the Wealth and Institutional Services Division ('WISD') of M&T Bank / Wilmington Trust with respect to investment management related services, including M&T / Wilmington Trust’s family of proprietary mutual funds and private investment funds. The successful candidate should have meaningful experience advising on the Investment Company Act of 1940 and Investment Advisers Act of 1940, as well as the 1933 and 1934 Acts and SEC regulations.

More specifically, the successful candidate will:

Provide advice on 1940 Act/mutual fund issues relating to Wilmington Trust’s proprietary mutual funds, including board meetings, compliance, agreement negotiation and new products

Provide advice to registered investment advisers (“RIAs”) on new and existing laws and rules, as well as negotiate client, vendor and intercompany agreements for RIAs

Assist with legal support for Wilmington Trust’s proprietary and third-party private investment fund activities

Provide advice to the Retirement Plan Services, Global Capital Markets ('GCM') and Wealth Advisory Services ('WAS') divisions of WISD relating to the investment of fiduciary and non-fiduciary customer assets in third party and proprietary mutual funds and private funds

Provide legal support to the primary/chief compliance officers of the WISD business lines on investment-related matters and regulatory requirements

Assist other attorneys in the Legal Department to advise on mutual fund, private fund and registered investment advisor issues, including negotiating agreements with third party mutual funds, such as servicing agreements, recordkeeping agreements and third party access agreements

Identify, evaluate and escalate legal and regulatory risks affecting WISD that relate to investment management, including assisting with the review of business line practices and procedures to conform with legal requirements and to mitigate risk

Partner with the organization’s compliance, risk and audit groups; keep senior management and other personnel up to date on pertinent legal and regulatory developments, including legal risks

Conduct research and participate in industry association meetings and think-tanks to keep abreast of relevant laws, regulations, legal developments and industry issues.

J.D. Degree
New York State or applicable state bar admission
A minimum of 7 years of proven and progressive corporate legal experience in a law firm and/or corporate environment
A minimum of 5 years’ leadership experience
Experience working with senior managers and managing this experience in an open and proactive manner
Baseline knowledge of financial services, banking products and related regulations
Transactional background, familiarity with acquisitions, complex contracts and general commercial operations
Proven ability to define legal issues, evaluate legal risks, and offer creative and practical solutions
Strong negotiation, interpersonal, organizational skills, as well as, excellent verbal and written communication abilities
Superior written and verbal communication skills

Ability to handle multiple tasks, take on new responsibilities and prioritize work in a deadline- intensive environment; experience in leading and facilitating change
Ability to understand and integrate details of business/operational/systemic environment in applying legal and policy requirements
Strong desire to support the identification, evaluation and escalation of legal risk issues Strong communication skills to deal with internal and external constituencies, including the senior business leaders, outside counsel, regulatory officials, risk, compliance and audit counterparts within the organization, counterparts at other companies and industry representatives
Exceptional written and verbal communications skills; ability to communicate and relate at all levels of the organization
Strong interpersonal and teamwork skills and ability to influence through collaboration
Ability to make quick innovative decisions in order to resolve problems
Creativity, flexibility and willingness to embrace change and to work effectively in multi- functional teams
Leadership skills and strong ethical standards

We encourage candidates with relevant military experience to apply.

About M&T

At M&T, we strive to be the best place our employees ever work, the best bank our customers ever do business with and the best investment our shareholders ever make. So when looking to advance your career, look to M&T.  As a top 20 US bank holding company and one of the best performing regional banks in the country, we offer a wide range of performance based career development opportunities for talented professionals. And through our longstanding tradition of careful, conservative and consistent management and a strong commitment to the communities we serve, we continue to grow with a focus on the future.

M&T Bank Corporation is an Equal Opportunity/Affirmative Action Employer. M&T Bank Corporation does not sponsor individuals for the purpose of obtaining H-1 Visas. M&T Bank Corporation has policies and procedures in place to promote a drug free workplace.