Managing Legal Counsel – Financial Services Strategic Contracts and Transactions

Requisition Number: 74521

Position Title:

External Description:

Role Summary

We are hiring a Managing Legal Counsel to be a member of the Commercial Contracts team, a global team whose other members are based in London, Singapore, and the U.S.  This lawyer will work from the legal department in T. Rowe Price’s Owings Mills, MD offices with other lawyers from the Commercial Contracts team and where other lawyers provide a range of legal services to T. Rowe Price. 

This position will report to Managing Legal Counsel on the Corporate Organization, Strategic Transactions and Commercial Contracts team.  The position provides counsel and advice on outsourcing, technology, investment operations, and other supplier transactions for goods and services across the enterprise and for strategic corporate initiatives, as further set forth below.  It requires knowledge of general contract principles, and foundational understanding of applicable laws and regulations across relevant jurisdictions that impact these transactions, as well as familiarity with commercial and market standards relevant to subject matter of the contract.

Responsibilities

• Provide advice and counsel on structuring, development, and implementation of commercial transactions, including technology transactions, cloud computing and software services, investment operations services, outsourcing and offshoring services, consulting services, other professional services, and more.
• Collaborate with T. Rowe Price business team associates from all areas of the firm with a range of seniority, subject matter experts, risk associates, and leadership as necessary.
• Take responsibility for preparing bespoke templates and reviewing, drafting, and negotiating standard and customized supplier contracts, from RFX to termination, including all related documents, for goods and services.
• Understand and ensure adherence to internal policies and procedures, client contractual commitments, and regulatory requirements within contract documents to continuously ensure that contract structure, drafting, negotiation, and execution comply with such policies and commitments.
• Adeptly and proactively identify and escalate issues and provide risk-based recommendations and advice within strategic business conversations.
• Analyze and remediate legacy legal documents for conformance with developments in applicable laws and regulations and current internal policies and procedures.
• Take responsibility for providing legal advice and counsel to relevant business units, exercising judgment on commercial priorities, including on drafting and negotiation of new agreements, issues arising from existing contracts, and compliance with contract terms, termination or renewal.
• Draft termination letters and advise and assist with negotiations to resolve contract disputes with third parties.
• Lead efforts to provide training to procurement and business team colleagues on use of templates and updates in legal and regulatory matters.
• Assist in the development of policies, processes, and procedures to govern the supplier contract lifecycle, and compliance, and risk management.
• Provide work guidance and mentoring to less experienced attorneys or other legal department colleagues.

Qualifications

Required:

• Bachelor's degree or the equivalent combination of education and relevant experience and 10+ years of total relevant work experience.
• J.D. required
• Member in good standing of a state bar in the U.S.
• Strong drafting and negotiating experience for complex general commercial contracts including in the context of a broader strategic transaction.
• Strong skills in working independently and when required collaborating with other team members to complete tasks and projects.
• Ability to handle heavy workload under tight timeframes, and prioritize appropriately.
• Good verbal and written presentational skills.
• Analytical skills allied with creative thinking.
• Excellent interpersonal and influencing skills.
• Proactive in day to day responsibilities.

Preferred:

• Experience of working in a regulated financial services firm.
• Experience of working with investment operations vendors.
• Experience drafting and negotiating outbound SaaS agreements.
• Project management capabilities.
• Understanding of applicable market, legal and regulatory environment impacting and informing the range of transactions covered by this role. 

FINRA Requirements

FINRA licenses are not required and will not be supported for this role.

Work Flexibility

This role is eligible for hybrid work, with up to two days per week from home.

City:

State:

Community / Marketing Title: Managing Legal Counsel – Financial Services Strategic Contracts and Transactions

Company Profile:

Location_formattedLocationLong: Maryland, US

CountryEEOText_Description: Commitment to Diversity, Equity, and Inclusion: We strive for equity, equality, and opportunity for all associates. When we embrace the power of diversity and create an environment where people can bring their authentic and best selves to work, our firm is stronger, and we create greater value for our clients. Our commitment and inclusive programming aim to lift the experience for each associate and builds allies for our global associate community. We know that a sense of belonging is key not only to your success at the firm, but also to your ability to bring your best each day. Benefits: We invest in our people through a wide range of programs and benefits, including: • Competitive pay and bonuses as well as a generous retirement plan and employee stock purchase plan with matching contributions • Flexible and remote work opportunities • Health care benefits (medical, dental, vision) • Tuition assistance • Wellness programs (fitness reimbursement, Employee Assistance Program) Our policies may change as our working lives evolve. Yet, our commitment to supporting our associates’ well-being and addressing the needs of our clients, business, and communities is unwavering. T. Rowe Price is an equal opportunity employer and values diversity of thought, gender, and race. We believe our continued success depends upon the equal treatment of all associates and applicants for employment without discrimination on the basis of race, religion, creed, color, national origin, sex, gender, age, mental or physical disability, marital status, sexual orientation, gender identity or expression, citizenship status, military or veteran status, pregnancy, or any other classification protected by country, federal, state, or local law.