Sr. Legal Counsel (Retirement Plan Services (RPS), Retirement & Trusts)

At T. Rowe Price, we identify and actively invest in opportunities to help people thrive in an evolving world. As a premier global asset management organization with more than 85 years of experience, we provide investment solutions and a broad range of equity, fixed income, and multi-asset capabilities to individuals, advisors, institutions, and retirement plan sponsors. We take an active, independent approach to investing, offering our dynamic perspective and meaningful partnership so our clients can feel more confident.

We believe doing the right thing for our clients and our associates is good business. With a career at the firm, you can expect opportunities to create real impact at work and in your community. You’ll enjoy resources to support your career path, as well as compensation, benefits, and flexibility to enrich your life. Here, you’ll find a collaborative culture that respects and values differences and colleagues who share a spirit of generosity.

Join us for the opportunity to grow and make a difference in ways that matter to you.

Role Summary

The Sr. Legal Counsel will be a member of the legal team supporting T. Rowe Price Trust Company, in particular its collective investment trust (CIT) business. This position requires specialized knowledge of the legal and regulatory frameworks governing CITs, including applicable securities, tax, and banking laws, as well as laws and regulations governing retirement plans (e.g., ERISA). The role independently conducts legal research, drafts legal documents, and performs other legal-related duties in coordination with other senior attorneys. The individual is responsible for the accuracy and completeness of their own work, may assign tasks and provide guidance to less experienced staff, and contribute to overall team objectives. This role will collaborate closely with business, compliance, risk, operations, product, technology, distribution, and other stakeholders. Legal activities completed are typically highly complex.

Responsibilities

• Provides legal advice to internal business units around the creation, operation and administration of the Trust Company’s collective investment trusts (CITs). For example, the Sr. Legal Counsel will:

• Draft, amend and maintain governing documents for CITs, such as declarations of trust, supplemental declarations of trust, investment guidelines and offering circulars;

• Determine client eligibility to invest in a CIT according to the requirements of IRS Revenue Ruling 81-100 and the exemptions covering CITs offered to retirement plans under the Securities Act of 1933, the Exchange Act of 1934, and the Investment Company Act of 1940;

• Draft and negotiate legal do...

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