Venerable
AVP, Counsel
Venerable, West Chester, Pennsylvania, United States, 19388
This position reports to the VP, Deputy General Counsel and is responsible for providing legal and regulatory guidance and subject matter expertise for legal matters relating to all aspects of Venerable’s Investment Adviser (VIA), with emphasis on registered funds, SEC filings and examinations, VIA operations and governance, and new fund initiatives. You will be the primary internal legal contact for the board of trustees overseeing our registered funds and will work closely with the Head of VIA and Chief Compliance Officer. A background in the Investment Company Act of 1940, the Investment Advisers Act of 1940 and US registered mutual funds is necessary, with desired experience in mutual fund complex operations, fund board governance, and investment adviser governance. This position will be in our West Chester, PA office location.Principle Responsibilities:
Primary responsibility for providing legal advice and guidance to the Head of the VIA, VIA Chief Compliance Officer, and senior management related to legal and regulatory compliance obligations of the VIA, new fund design and registration, VIA operations and governance, and new rules and regulations impacting the VIA.Responsible for fund governance and the conduct of Board and Committee meetings including attendance at all meetings, the preparation of meeting materials, and coordination with fund service providers.Prepare SEC regulatory filings to support ongoing registration and launches of new funds and share classes, and changes to investment strategies, policies and risks.Participate in the annual renewal process for advisory and sub-advisory agreements.Manage inquiries from regulatory authorities.Manage relationships with key legal and regulatory service providers including outside counsel relationships and compliance vendors.Liaise with insurance company Finance, Risk, and Compliance teams on the development of new funds, restrictions on sharing of fund holdings information, and related operational issues.Draft, review and negotiate various agreements, including sub-advisory, administration and custody agreements, side letters, NDAs, intermediary agreements, vendor contracts, and other third-party commercial agreements as needed.Assist with M&A activity, fund substitutions, mergers, and re-organizations as well as due diligence efforts.Provide directions to support staff and outside counsel to manage ongoing workload and meet legal, regulatory or management deadlines.Partner with the broader legal and compliance teams to share information about regulatory developments impacting the industry.Collaborate on special projects, as needed.Knowledge, Skills and Abilities:
Candidate must have a J.D., be admitted to at least one state bar, and have 6+ years of law firm, in-house, or business experience, or an equivalent combination thereof, in the investment advisory or asset management or variable insurance product business.Thorough knowledge of the Investment Company Action of 1940, Investment Advisers Act of 1940 and SEC/FINRA rules and regulations.Knowledge and experience with various types of mutual fund products.Excellent oral and written communications skills; must be able to communicate complex concepts clearly, simply, and present clear choices; must be able to write effectively, and present research, analysis, and conclusions in a persuasive manner.Must be thorough, detail-oriented, persistent, self-motivated, and able to function with a high degree of independence and accuracy.Must be able to take ownership of the delivery of projects while also operating successfully in a cross-functional, team environment. Demonstrated ability to work effectively with employees and outside parties at all organizational levels.Good business judgment and the ability to handle stressful situations with internal and external stakeholders while maintaining a professional approach to problem-solving and risk reduction.Ability to anticipate and mitigate friction points and take the initiative to promptly resolve and learn from challenges.Inquisitive, engaged, and proactive in identifying legal issues and risks and proposing creative and effective solutions.Strong interpersonal and influencing skills, ability to interact with senior business leaders and investment professionals.Desire to keep abreast of best practices as well as evolving issues within the scope of the position.Venerable Values:
Every position at Venerable has responsibility for living out the company's values as described here:We are Courageous -
We think critically, ask "why?" and seek out creative solutions.We are Curious -
We take calculated risks, learn from our failures, and challenge traditional ways of thinking.We are Connected -
We are connected to each other, our customers, and our community.
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Primary responsibility for providing legal advice and guidance to the Head of the VIA, VIA Chief Compliance Officer, and senior management related to legal and regulatory compliance obligations of the VIA, new fund design and registration, VIA operations and governance, and new rules and regulations impacting the VIA.Responsible for fund governance and the conduct of Board and Committee meetings including attendance at all meetings, the preparation of meeting materials, and coordination with fund service providers.Prepare SEC regulatory filings to support ongoing registration and launches of new funds and share classes, and changes to investment strategies, policies and risks.Participate in the annual renewal process for advisory and sub-advisory agreements.Manage inquiries from regulatory authorities.Manage relationships with key legal and regulatory service providers including outside counsel relationships and compliance vendors.Liaise with insurance company Finance, Risk, and Compliance teams on the development of new funds, restrictions on sharing of fund holdings information, and related operational issues.Draft, review and negotiate various agreements, including sub-advisory, administration and custody agreements, side letters, NDAs, intermediary agreements, vendor contracts, and other third-party commercial agreements as needed.Assist with M&A activity, fund substitutions, mergers, and re-organizations as well as due diligence efforts.Provide directions to support staff and outside counsel to manage ongoing workload and meet legal, regulatory or management deadlines.Partner with the broader legal and compliance teams to share information about regulatory developments impacting the industry.Collaborate on special projects, as needed.Knowledge, Skills and Abilities:
Candidate must have a J.D., be admitted to at least one state bar, and have 6+ years of law firm, in-house, or business experience, or an equivalent combination thereof, in the investment advisory or asset management or variable insurance product business.Thorough knowledge of the Investment Company Action of 1940, Investment Advisers Act of 1940 and SEC/FINRA rules and regulations.Knowledge and experience with various types of mutual fund products.Excellent oral and written communications skills; must be able to communicate complex concepts clearly, simply, and present clear choices; must be able to write effectively, and present research, analysis, and conclusions in a persuasive manner.Must be thorough, detail-oriented, persistent, self-motivated, and able to function with a high degree of independence and accuracy.Must be able to take ownership of the delivery of projects while also operating successfully in a cross-functional, team environment. Demonstrated ability to work effectively with employees and outside parties at all organizational levels.Good business judgment and the ability to handle stressful situations with internal and external stakeholders while maintaining a professional approach to problem-solving and risk reduction.Ability to anticipate and mitigate friction points and take the initiative to promptly resolve and learn from challenges.Inquisitive, engaged, and proactive in identifying legal issues and risks and proposing creative and effective solutions.Strong interpersonal and influencing skills, ability to interact with senior business leaders and investment professionals.Desire to keep abreast of best practices as well as evolving issues within the scope of the position.Venerable Values:
Every position at Venerable has responsibility for living out the company's values as described here:We are Courageous -
We think critically, ask "why?" and seek out creative solutions.We are Curious -
We take calculated risks, learn from our failures, and challenge traditional ways of thinking.We are Connected -
We are connected to each other, our customers, and our community.
#J-18808-Ljbffr