Associate General Counsel

Position Purpose:
Royal Bank of Canada is one of North America’s leading diversified financial services companies and provides personal and commercial banking, institutional and wealth management services, insurance, corporate and investment banking, and transaction processing services on a global basis. RBC Global Asset Management (U.S.), the U.S. asset management division of RBC, has been registered with the U.S. Securities and Exchange Commission (the SEC) as an investment adviser since 1983. RBC Global Asset Management has approximately $44 billion in assets under management. We are seeking a candidate whose primary responsibility will be to provide legal advice and support to RBC Global Asset Management, as well as serve as a US regulatory subject matter resource for other US registered asset management businesses within RBC. Knowledge of and experience with the Investment Advisers Act of 1940, Investment Company Act of 1940, Securities Act of 1933 and Securities Exchange Act of 1934 are critical. Specific experience on the formation and ongoing maintenance of privately placed investment vehicles is a necessity.

Key Accountabilities:
* Draft and negotiate contracts, including: (1) investment advisory agreements with large institutional clients; (2) ISDAs; (3) repurchase agreements; and (4) various servicing and vendor agreements
* Provide legal counsel and assist in the design of new (or enhancements to) policies and procedures to comply with applicable legal and regulatory requirements, including compliance with the Investment Advisers Act and the private placement rules under Regulation D of the Securities Act of 1933
* Work with other RBC units in the U.S. and elsewhere to execute product and service cross-selling and cross-marketing strategies
* Provide legal analysis as part of overall policy-making and business discussions conducted by internal clients in the areas referenced above
* Provide educational programs and preventative law counseling to management and staff of assigned business lines

Job Requirements: (Knowledge/ Experience):
Basic Qualifications
* Licensed to practice law in the state of Minnesota
* A minimum of four years of solid, direct experience providing legal counsel with respect to (i) the interpretation and application of the following areas of law: Investment Advisers Act of 1940, Investment Company Act of 1940, Securities Act of 1933, Securities Exchange Act of 1934, and (ii) the distribution, operation and administration of products and services subject to regulation by these laws
* The ability to draft, review, negotiate, and provide clear, cogent advice on multiple types of contracts
* A self-starter; able to work autonomously and exercise independent judgment while handling multiple matters with changing deadlines
* A strong desire to build effective relationships with internal clients
* A willingness to assist in providing legal services in other areas on an as needed basis

Preferred Qualifications
* Working knowledge of ERISA and IRC provisions applicable to the products and services referenced above
* Working knowledge of FINRA rules and regulations
* Familiarity with state regulation of advisers
* Familiarity with the regulation of financial planning products and services, including retail brokerage services and wrap products

Required Skills/ Competencies/ Attributes:

Education:
Masters

Required Accreditation(s):

Special Conditions:
none

Diversity:
Diversity in the workplace, one of our shared values, lies at the heart of our rewarding, open, supportive and inclusive work environment. We respect and respond to the many competing and evolving priorities in our lives so you can focus on what you can do best - put clients first.

EOE/M/F/D/V