Managing Legal Counsel – ’40 Act

OverviewJoin to apply for the Managing Legal Counsel – ’40 Act role at T. Rowe Price. This position supports T. Rowe Price’s growing exchange-traded fund ETF business and is a member of the 1940 Act Regulatory Oversight team in Owings Mills, MD.Role SummaryProvides expert legal counsel supporting T. Rowe Price’s 1940 Act products and business areas, under the direction of Managing Legal Counsel. Viewed as a trusted internal resource capable of using experience and knowledge of T. Rowe/'s businesses and products to articulate and advance legal positions.ResponsibilitiesProvides specialized legal advice based on experience and research of mutual funds and ETFs, the Investment Advisers/Company Act of 1940, and related regulations and practices to internal dependently prepares and/or reviews internal and external materials affecting the business, including fund prospectus, proxy statements, and policies and procedures.Negotiate and/or advise on certain legal contracts and municates and collaborates with business teams and oversight partners, such as Compliance, and develops the legal response/position for issues identified.Maintains productive relationship with relevant regulators (particularly, SEC), external and internal clients, and board of directors.Lead and/or support routine processes or special projects, such as new rule implementation and business initiatives, on a cross-functional basis.QualificationsRequired:Law degree from accredited school of lawLicensed and active state bar membershipAttorney with 5+ years of in-house, government, or law firm financial services experience5+ years of experience handling ’40 Act issues and experience working with mutual funds and/or ETFsPreferred:Experience interacting with business teams, such as Investments, Distribution, Operations and Trading groups as well as other attorneys and compliance teamsAbility and intent to (1) create value for clients; (2) think and act strategically; (3) champion integrity; (4) drive results and accountability; and (5) communicate effectivelyFINRA Requirements:FINRA licenses are not required and will not be supported for this role.Work FlexibilityThis role is eligible for hybrid work, with up to one day per week from home.Base Salary RangesPlease 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, CaliforniaPlacement 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 mitment to Diversity, Equity, and InclusionAt T. Rowe Price, our associates are our greatest asset. We thrive because our company culture is built on inclusion and because we sustain a work environment where associates can bring their best selves to work every day. The backgrounds, talents, and experiences of our global associates allow us to embrace new ideas and perspectives that move our business priorities forward and enable us to deliver strong client outcomes. Here, you can expect equal opportunity and fair and consistent treatment for all.BenefitsWe 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 LifeCompetitive compensationAnnual bonus eligibilityA generous retirement planHybrid work scheduleHealth and wellness benefits, including online therapyPaid time off for vacation, illness, medical appointments, and volunteering daysFamily care resources, including fertility and adoption benefitsLearn More About Our Benefits.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. #J-18808-Ljbffr

Created: 2025-09-17