Senior Counsel
The candidate will provide day-to-day broker-dealer legal services to company's wholesale broker-dealers and retail broker-dealer. Will provide distribution legal expertise and support to company's Retirement Solutions and Insurance Solutions businesses, as well as the company's Closed Block Variable Annuity segment, on matters of broker-dealer and investment adviser regulation. Will provide legal advice and support on behalf of the Law Department regarding products and services offered to clients of company broker-dealers, including product development, marketing, distribution, supervision, compliance, operations, commission payments and licensing and contract negotiations, as well as other related regulatory matters. Provide legal support and subject matter expertise in connection with regulatory inquiries related to the company broker-dealers. Serve on behalf of the Law Department as the primary contact between the Law Department and the Retirement Solutions and Insurance Solutions businesses, as well as the company Closed Block Variable Annuity segment, for ordinary course legal inquiries relating to broker-dealer and investment adviser matters. Work closely with Enterprise Litigation and Regulatory legal team to respond to regulatory exams and inquiries, disputes, complaints, and litigation relating to company broker-dealers. Provide legal support regarding broker-dealer and investment adviser distribution issues such as negotiating agreements with distribution partners and managing agent benefit and compensation issues. As required, work with other Law and Compliance personnel in both formal and informal teams to address matters crossing business and functional lines including complaint handling, market conduct exams and legal/compliance review of certain marketing materials. Work with related business unit legal departments and other corporate functions (e.g. Finance, HR etc.); work closely with internal and external litigation counsel in support of on-going lawsuits; and engage external counsel in the delivery of legal services as needed. Will be exposed to all levels of employees within the company, from senior executives to junior employees.
The candidate should have strong academic credentials. Must have 5+ years of experience in an in-house legal department working on broker-dealer matters and/or a national or regional law firm advising on broker-dealer matters. Admission to the Bar is required. Should have an in-depth understanding of SEC and FINRA rules and regulations applicable to broker-dealers and investment advisers. Must have a general understanding of investment products including mutual funds, annuities, etc., as well as a good understanding of FINRA licensing requirements. Should have experience with broker-dealer operations including regulatory matters, products, operations, distribution, administration, and compliance. Contract drafting experience is needed.
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