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Sr Counsel - Investment Management/Mutual Funds/Private Funds - 3DII7 in New York, NY at M&T Bank

Date Posted: 7/10/2018

Job Snapshot

Job Description

M&T Bank

Senior 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.


Minimum Qualifications:

J.D. degree required. 

Licensed to practice law in New York (or ability to obtain an in-house counsel license in New York, as applicable)

7 years of proven and progressive corporate legal experience in a law firm and/or corporate environment with 40's Act and Investment Management experience

New York State or applicable state bar admission

Proven ability to define legal issues, evaluate legal risks, and offer creative and practical solutions

Ideal Qualifications:

Experience with advising on a wide range of investment and investment management products and services, including separately managed accounts, mutual funds and private funds


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: senior business leaders; outside counsel; regulatory officials; risk, compliance and audit counterparts at 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


Demonstrated experience in leading others, both through direct relationships and indirectly (influencing without direct authority)





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.