What are the responsibilities and job description for the Senior Counsel - Employee Benefits position at Ameriprise Financial Services, LLC?
We have an exciting opportunity here at Ameriprise as a Senior Counsel!
As a Senior Counsel, you'll provide legal advice and strategic support on all aspects of the company’s global employee benefits and executive compensation programs. Additional programs where you'll make a direct impact include qualified retirement plans, ERISA requirements, healthcare and welfare plans, non-qualified deferred compensation plans and equity incentive plans.
This is an excellent opportunity to be a member of a sophisticated and collegial legal department supporting complex, global operations!
Key Responsibilities
Provide advice and support relating to retirement, health and welfare, and nonqualified deferred compensation and incentive pay plans as well as related administrative and payroll matters, including support of the governance and regulatory needs of related fiduciary committees.
Review plan documents, participant communications, and related materials, and advise on plan administration and related regulatory requirements.
Partner across the General Counsel’s Organization (GCO) with subject matter experts in other disciplines on employee benefit and executive compensation matters.
Understand business needs and goals in a fast-paced, highly regulated environment, working with urgency toward effective, practical, and timely legal solutions.
Develop direct relationships and provide strong communication and organizational skills to work effectively and cooperatively with internal business partners and to coordinate on matters simultaneously.
Actively support the GCO’s value proposition and culture of engagement.
Required Qualifications
Law Degree from an Accredited Law School with 7-10 years of experience as a practicing lawyer.
Significant experience with and knowledge of all aspects of employee benefits, including qualified retirement plans, healthcare and welfare plans, non-qualified deferred compensation plans, equity and incentive compensation plans, and related fiduciary, tax and compliance matters (ERISA, Section 409A of the Internal Revenue Code, and other applicable laws).
Experience with executive compensation, including related governance and disclosure requirements applicable to public companies, and operation and documentation of compensation-related matters for the compensation committee, Board and other oversight committees.
Significant experience advising on plan compliance with the requirements of ERISA, COBRA, HIPAA, the Americans With Disabilities Act and various state and federal leave laws.
Ability to manage projects independently and manage competing priorities and deadlines.
Excellent drafting, research, and negotiation skills and the ability to draft and interpret sophisticated agreements, plans and award documentation.
Ability to communicate results to appropriate audiences and suggest risk assessed alternative courses of action.
Ability to monitor and analyze developments and trends in areas of responsibility and master new bodies of legal knowledge as regulations and business objectives evolve.
Admitted to practice law in the state of Minnesota, Massachusetts, North Carolina or eligible for admission as in-house counsel.
Preferred Qualifications
Financial services experience.
Law firm experience and in-house experience.
About Our Company
We’re a diversified financial services leader with more than $1 trillion in assets under management and administration as of 2022. Our team of 20,000 people in more than 20 countries, advise and manage assets and income of more than 2 million individual, small business and institutional clients. We are a longstanding leader in financial planning and advice, a global asset manager and an insurer. Our unwavering focus on our clients and strong financial foundation connects each of our unique businesses - Ameriprise Financial, Columbia Threadneedle Investments and RiverSource Insurance and Annuities. Here, we foster meaningful careers, invest in the future, and make a difference for clients, institutions and communities around the world.
Base Pay Salary
The estimated base salary for this role is $147,000 - $198,500 / year. We have a pay-for-performance compensation philosophy. Your initial total compensation may vary based on job-related knowledge, skills, experience, and geographical work location. In addition, most of our roles are eligible for variable pay in the form of bonus, commissions, and/or long-term incentives depending on the role. We also have a competitive and comprehensive benefits program that supports all aspects of your health and well-being, including but not limited to vacation time, sick time, 401(k), and health, dental and life insurances.
Ameriprise Financial is an equal opportunity employer. We consider all qualified applicants without regard to race, color, religion, sex, national origin, genetic information, age, sexual orientation, citizenship, gender identity, disability, veteran status, marital status, family status or any other basis prohibited by law.
Full-Time/Part-Time
Full time
Exempt/Non-Exempt
Exempt
Job Family Group
Legal Affairs
Line of Business
GCO General Counsel's Organization
As a Senior Counsel, you'll provide legal advice and strategic support on all aspects of the company’s global employee benefits and executive compensation programs. Additional programs where you'll make a direct impact include qualified retirement plans, ERISA requirements, healthcare and welfare plans, non-qualified deferred compensation plans and equity incentive plans.
This is an excellent opportunity to be a member of a sophisticated and collegial legal department supporting complex, global operations!
Key Responsibilities
Provide advice and support relating to retirement, health and welfare, and nonqualified deferred compensation and incentive pay plans as well as related administrative and payroll matters, including support of the governance and regulatory needs of related fiduciary committees.
Review plan documents, participant communications, and related materials, and advise on plan administration and related regulatory requirements.
Partner across the General Counsel’s Organization (GCO) with subject matter experts in other disciplines on employee benefit and executive compensation matters.
Understand business needs and goals in a fast-paced, highly regulated environment, working with urgency toward effective, practical, and timely legal solutions.
Develop direct relationships and provide strong communication and organizational skills to work effectively and cooperatively with internal business partners and to coordinate on matters simultaneously.
Actively support the GCO’s value proposition and culture of engagement.
Required Qualifications
Law Degree from an Accredited Law School with 7-10 years of experience as a practicing lawyer.
Significant experience with and knowledge of all aspects of employee benefits, including qualified retirement plans, healthcare and welfare plans, non-qualified deferred compensation plans, equity and incentive compensation plans, and related fiduciary, tax and compliance matters (ERISA, Section 409A of the Internal Revenue Code, and other applicable laws).
Experience with executive compensation, including related governance and disclosure requirements applicable to public companies, and operation and documentation of compensation-related matters for the compensation committee, Board and other oversight committees.
Significant experience advising on plan compliance with the requirements of ERISA, COBRA, HIPAA, the Americans With Disabilities Act and various state and federal leave laws.
Ability to manage projects independently and manage competing priorities and deadlines.
Excellent drafting, research, and negotiation skills and the ability to draft and interpret sophisticated agreements, plans and award documentation.
Ability to communicate results to appropriate audiences and suggest risk assessed alternative courses of action.
Ability to monitor and analyze developments and trends in areas of responsibility and master new bodies of legal knowledge as regulations and business objectives evolve.
Admitted to practice law in the state of Minnesota, Massachusetts, North Carolina or eligible for admission as in-house counsel.
Preferred Qualifications
Financial services experience.
Law firm experience and in-house experience.
About Our Company
We’re a diversified financial services leader with more than $1 trillion in assets under management and administration as of 2022. Our team of 20,000 people in more than 20 countries, advise and manage assets and income of more than 2 million individual, small business and institutional clients. We are a longstanding leader in financial planning and advice, a global asset manager and an insurer. Our unwavering focus on our clients and strong financial foundation connects each of our unique businesses - Ameriprise Financial, Columbia Threadneedle Investments and RiverSource Insurance and Annuities. Here, we foster meaningful careers, invest in the future, and make a difference for clients, institutions and communities around the world.
Base Pay Salary
The estimated base salary for this role is $147,000 - $198,500 / year. We have a pay-for-performance compensation philosophy. Your initial total compensation may vary based on job-related knowledge, skills, experience, and geographical work location. In addition, most of our roles are eligible for variable pay in the form of bonus, commissions, and/or long-term incentives depending on the role. We also have a competitive and comprehensive benefits program that supports all aspects of your health and well-being, including but not limited to vacation time, sick time, 401(k), and health, dental and life insurances.
Ameriprise Financial is an equal opportunity employer. We consider all qualified applicants without regard to race, color, religion, sex, national origin, genetic information, age, sexual orientation, citizenship, gender identity, disability, veteran status, marital status, family status or any other basis prohibited by law.
Full-Time/Part-Time
Full time
Exempt/Non-Exempt
Exempt
Job Family Group
Legal Affairs
Line of Business
GCO General Counsel's Organization
Salary : $147,000 - $198,500
