Job Details

Wealth Management - Managing Attorney

Company name

Organization Type

In-House

Job Type

Attorney

Years of Experience

Min 10 yrs required

Location

Buffalo, NY

Date Last Verified

Sep 22,2017

Posted on

Aug 09,2017
Practice Area
Trusts and Estates >> Trusts and Estates
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Wealth Management - Managing Attorney The candidate will be responsible as the managing attorney for the Wealth Management Division of Bank/Wilmington Trust. In this role, will manage the subject-matter expert attorneys who support Wealth Management, in particular, the following sub-divisions: (i) Wealth Advisory Services (“WAS”), which provides personal fiduciary, trust and related services to high-net-worth wealth clients, (ii) Securities, which is a registered broker-dealer (offering services primarily to retail customers, including individual securities, mutual funds, wrap programs/accounts and annuities) and a registered municipal securities dealer (engaging in underwriting and secondary market activities in the municipal securities markets) and (iii) Asset Management (“AM”), which provides investment management related services, including Bank/Wilmington Trust's family of proprietary mutual funds and private investment funds. Provide legal counsel to Senior Leadership of Wealth Management and attend various committee and management meetings as head of Wealth Management Legal. Manage and lead the Wealth Management Legal team, consisting of 10+ attorneys and paralegal support. Such management will include conducting regular Wealth Management Legal team meetings; preparing regular risk reports for the Wealth Management Legal team; conducting regular one-on-one meetings with the Wealth Management Legal team members; preparing annual performance reviews; managing work-capacity issues; and overseeing the development of staff. Lead the development and implementation of strategic policies, procedures, templates and forms to help standardize and streamline the provision of legal support for Wealth Management and the use of outside counsel. Identify, evaluate and escalate material legal and regulatory risks affecting Wealth Management. Partner with the organization’s compliance, risk and audit groups; keep senior management and other personnel up to date on pertinent legal and regulatory developments, including legal risks. Conduct research and participate in industry association meetings and think-tanks to keep abreast of relevant laws, regulations, legal developments and industry issues.

Qualification and Experience

A J.D. degree required. Must be licensed to practice law in Delaware (or ability to obtain an in-house counsel license in Delaware, as applicable). Should have 10+ years of relevant experience practicing law. Must have previous management experience. Must have experience with advising on a wide range of wealth, trust, estates and investment management products and services, including separately managed accounts, mutual funds and private funds. Demonstrated experience in leading others, both through direct relationships and indirectly (influencing without direct authority) are needed. Should have experience managing attorneys, as well as meaningful experience advising on trust, estate, investment management, broker-dealer or related laws relevant to some or all of the above Wealth Management business lines. Should have meaningful experience advising on some or all of the following: Banking Regulations – General laws and regulations affecting banks and trust companies, including OCC regulations Trust and Estates - Trust and estates laws affecting high-net-worth individuals; trust and estate administration; fiduciary income tax; fiduciary and investment law issues; Regulation 9; Delaware directed trusts; Delaware trust law or the Uniform Trust Act; Investment Management – Laws governing investment management products and services, including separately managed accounts, mutual funds and private funds; the Investment Company Act of 1940, Investment Advisers Act of 1940, Securities Act of 1933, Securities Exchange Act of 1934 Act, SEC regulations and Volcker Rule; the formation, operation and termination of private investment funds; the formation, operation and termination of registered mutual funds; registered investment advisers (RIAs); investment of fiduciary and non-fiduciary customer assets in third party and proprietaryA J.D. degree required. Must be licensed to practice law in Delaware (or ability to obtain an in-house counsel license in Delaware, as applicable). Should have 10+ years of relevant experience practicing law
Previous management experience. Must have experience with advising on a wide range of wealth, trust, estates and investment management products and services, including separately managed accounts, mutual funds and private funds. Demonstrated experience in leading others, both through direct relationships and indirectly (influencing without direct authority) are needed. Should have experience managing attorneys, as well as meaningful experience advising on trust, estate, investment management, broker-dealer or related laws relevant to some or all of the above Wealth Management business lines. Should have meaningful experience advising on some or all of the following: Banking Regulations – General laws and regulations affecting banks and trust companies, including OCC regulations Trust and Estates - Trust and estates laws affecting high-net-worth individuals; trust and estate administration; fiduciary income tax; fiduciary and investment law issues; Regulation 9; Delaware directed trusts; Delaware trust law or the Uniform Trust Act; Investment Management – Laws governing investment management products and services, including separately managed accounts, mutual funds and private funds; the Investment Company Act of 1940, Investment Advisers Act of 1940, Securities Act of 1933, Securities Exchange Act of 1934 Act, SEC regulations and Volcker Rule; the formation, operation and termination of private investment funds; the formation, operation and termination of registered mutual funds; registered investment advisers (RIAs); investment of fiduciary and non-fiduciary customer assets in third party and proprietary mutual funds and private funds; collective investment funds; Broker-Dealer – U.S. securities laws, regulations and SRO rules relating to a retail broker-dealer; FINRA regulations; laws affecting wrap programs. Skills: Strong communication skills to deal with internal and external constituencies, including: senior business leaders; outside counsel; regulatory officials; risk, compliance and audit counterparts at the organization; counterparts at other companies; and industry representatives. Exceptional written and verbal communications skills; ability to communicate and relate at all levels of the organization. Strong interpersonal and teamwork skills and ability to influence through collaboration. Ability: Ability to liaise with senior management, including executives. Ability to handle multiple tasks, take on new responsibilities and prioritize work in a deadline-intensive environment; experience in leading and facilitating change. Ability to understand and integrate details of business/operational/systemic environment in applying legal and policy requirements. mutual funds and private funds; collective investment funds; Broker-Dealer – U.S. securities laws, regulations and SRO rules relating to a retail broker-dealer; FINRA regulations; laws affecting wrap programs. Skills: Strong communication skills to deal with internal and external constituencies, including: senior business leaders; outside counsel; regulatory officials; risk, compliance and audit counterparts at the organization; counterparts at other companies; and industry representatives. Exceptional written and verbal communications skills; ability to communicate and relate at all levels of the organization. Strong interpersonal and teamwork skills and ability to influence through collaboration. Ability: Ability to liaise with senior management, including executives. Ability to handle multiple tasks, take on new responsibilities and prioritize work in a deadline-intensive environment; experience in leading and facilitating change. Ability to understand and integrate details of business/operational/systemic environment in applying legal and policy requirements.

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