What are the responsibilities and job description for the Managing Legal Counsel – Financial Services Strategic Contracts and Transactions position at T. Rowe Price?
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 :
Preferred :
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.
Base Salary Ranges
Please review the job posting for the location of this specific opportunity.
170,000.00 - $291,000.00 for the location of : Maryland, Colorado, Washington and remote workers
187,000.00 - $320,000.00 for the location of : Washington, D.C.
213,000.00 - $350,000.00 for the location of : New York, California
Placement within the range provided above is based on the individual’s relevant experience and skills for the role. Base salary is only one component of our total compensation package. Employees may be eligible for a discretionary bonus, which is determined upon company and individual performance.
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 value your goals and needs, at work and in life. As an associate, you’ll be supported with resources, benefits, and work-life balance so you can thrive in ways that matter to you.
Featured employee benefits to enrich your life :
Competitive compensation
Annual bonus eligibility
A generous retirement plan
Hybrid work schedule
Health and wellness benefits, including online therapy
Paid time off for vacation, illness, medical appointments, and volunteering days
Family care resources, including fertility and adoption benefits
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.
Salary : $170,000 - $291,000
