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Investment Attorney

Teacher Retirement System of Texas
Job Description
https://www.governmentjobs.com/careers/trstx/jobs/1605546/investment-attorney
 
SALARY: $10,247.66 - $17,331.41 Monthly
$122,971.92 - $207,976.92 Annually
OPENING DATE: 12/08/16
CLOSING DATE: 01/31/17 05:00 PM
GENERAL DESCRIPTION:
Teacher Retirement System of Texas (TRS), voted an Austin Top Workplace five years running, is seeking a results-oriented, innovative, and pro-active Investment Attorney to join our Legal Team in serving over 1.3 million Texas public education employees. Use your transactional experience and negotiating skills to work on multi-million dollar, complex transactions for the 6th largest U.S. pension fund with a global investment presence. Work both independently and collaboratively with highly motivated, experienced legal and investment professionals on significant transactions that provide necessary benefits to our members. This is a great opportunity to work in an organization that places a high-value on professional excellence and work-life balance, and provides meaningful benefits including compensatory time, vacation time, and 12-15 paid holidays a year. Our location in vibrant downtown Austin isn't bad either! If you are interested in discovering why we are consistently named a Top Workplace in Austin, we'd love to hear from you.
ESSENTIAL JOB FUNCTIONS AND RESPONSIBILITIES:
Investment Counsel
  • Provides legal advice to and represents the agency regarding:
    • Over-the-Counter (OTC) derivative confirmation negotiations (including equity, commodity, FX and bespoke confirmations), master confirmation agreements, Dodd-Frank regulatory compliance, futures clearing, International Swaps and Derivatives Association (ISDA) management, and OTC clearing;
    • Negotiation of investment management agreements with external managers and related matters;
    • Investments in hedge funds, private equity funds, real asset funds, energy and natural resources funds, and related co-investment or principal investment funds;
    • Investment operations, non-disclosure agreements, foreign investment documentation, investment policies, litigation analysis, and other duties as assigned; and
    • The application of fiduciary duties to investment matters, policies, procedures, and operations.
  • Participates in the selection and oversight of outside investment counsel, including coordinating workflow, evaluating work product, reviewing invoices, and negotiating fee reductions.
  • Provides legal services relating to custody of pension assets and securities lending for the investment function.
  • Prepares and negotiates soft dollar or commission sharing arrangements, and advises investment staff and agency management about such arrangements.
Investment Contracts and Documents
  • Prepares requests for proposal or qualifications, and drafts and negotiates contracts with vendors (e.g., software licenses, custody agreements), investment consultants, external discretionary investment managers, outside legal counsel, clearinghouses, electronic trading platforms, and prime brokers.
  • Reviews offering memoranda, subscription documents, and proposed contracts relating to private investments; provides legal advice and services, including drafting and negotiating transaction documents, as assigned; and supervises execution of documents according to agency policies and procedures.
  • Prepares memoranda, contracts, policies, guidelines, procedures, letters, bills, or analysis for legislative consideration, or other materials as assigned.
General Legal Counsel and Representation
  • Attends meetings of the agency Board of Trustees, Board Committees, and internal investment committees; and assists with preparation of meeting materials, such as proposed resolutions, meeting minutes, and related materials.
  • With outside counsel, represents the agency, as assigned, in litigation matters; researches and analyzes legal issues and prepares legal memoranda, pleadings, briefs, notices, motions, and orders; coordinates representation with the Attorney General and, as applicable, outside counsel; gathers and reviews evidence, prepares discovery responses and affidavits, and otherwise assists in the defense and prosecution of litigation.
  • Assists senior attorneys and management in meetings and negotiations with other attorneys and external parties, including executive and legislative branches of Texas state government, auditors, investment consultants, and vendors.
Research and Support
  • Reviews proposed state or federal legislation and regulations, and drafts research memoranda for review and approval by agency management.
  • Provides advice and assistance regarding all applicable existing or proposed federal, state, and agency laws, rules, and policies.
  • Conducts legal research and analysis with respect to assigned or referred matters.
  • Assists with preparing audit inquiry responses on behalf of the agency, as assigned.
  • Reviews and advises on terms and conditions of coverage under fiduciary liability and directors and officers liability insurance (D&O) policies; negotiates renewal or replacement policies; and analyzes coverage, as assigned.
  • Coordinates and reviews the related work of legal assistants, specialists, and support staff with regard to specific areas of responsibility.
  • Participates in special projects, as assigned.
  • Performs related work as assigned.
MINIMUM QUALIFICATION REQUIREMENTS/LICENSES AND CERTIFICATIONS:
Education:
  • Juris Doctor (J.D.) degree from an accredited law school.
Experience:
  • Four (4) years of full-time experience as a transactional attorney.
  • Two (2) years of experience in at least one of the following areas:  private equity transactions or derivatives contracts.
  • Experience may be concurrent.
Registration, Certification, or Licensure:
  • Licensed to practice law in the State of Texas and a member in good standing of the State Bar of Texas; or hold a valid, active law license issued by another state and be eligible for Texas licensure under Board of Law Examiners Rule XIII: Attorneys From Other Jurisdictions (candidate must obtain Texas license within eight months of hire date).
Preferred Qualifications
  • Two (2) years of experience providing legal services for private equity transactions and derivatives contracts.
  • Experience effectively and succinctly communicating with a high-level audience, such as a governing Board or executive management.
  • Experience overseeing and managing outside counsel.
Veterans / Military Crosswalk

TRS is committed to maintaining a veteran-friendly workplace and attracting, developing and retaining military service members as employees. To assist in determining whether your military experience may relate to the minimum qualifications for this position, Military Occupational Specialty (MOS) codes from each branch of the armed forces have been assigned to each state classification title where applicable.
 
Depending upon actual duties, the following fields may pertain to the minimum qualifications of this position. Candidates who meet the minimum qualifications for this position are highly encouraged to apply.
  • U.S. Army - Enlisted:  No military equivalent  Officer:  No military equivalent
  • U.S. Navy - Enlisted: No military equivalent  Officer:  No military equivalent
  • U.S. Coast - Enlisted:  No military equivalent  Officer:  No military equivalent
  • U.S. Marine Corps - Enlisted: No military equivalent  Officer:  No military equivalent
  • U.S. Air Force - Enlisted:  No military equivalent  Officer:  No military equivalent
 
Please contact
theTRS Human Resources Department or the TRS Veterans Liaison with questions or for additional information.
 
Additional Military Crosswalk information can be found at:

http://www.hr.sao.state.tx.us/Compensation/JobDescriptions.aspx
KNOWLEDGE SKILLS AND ABILITIES/PHYSICAL REQUIREMENTS:
Knowledge, Skills and Abilities

Knowledge of:
  • Over-the-counter derivatives contracts and transactions, Securities and Exchange Commission (SEC) filings, partnership law, partnership tax, federal regulation of securities and commodities, regulation of broker-dealers and investment advisers, and/or international investment law.
  • Legal issues and concepts in at least one area of law relevant to job functions pertaining to the agency investment program.
  • Fiduciary responsibilities or ethics issues.
Skill in:
  • Monitoring, reviewing, drafting, and advising on legislation.
  • Written and verbal communications, including awareness of reactions to others; analyzing, developing, and advocating legal positions; giving advice; and preparing and presenting complex legal documents or reports to a variety of audiences.
  • Negotiating, mediating, and resolving agreements and disputes.
  • Performing legal research and analysis of relevant information, and rendering advice based on sound legal judgment.
  • Task management and organization, including setting priorities to meet deadlines and manage a high-volume workload in a fast-paced and -changing environment, while completing detailed work with a high degree of timeliness, appropriate brevity and economy, and accuracy.
  • Using a computer in a Windows environment with word processing, spreadsheet, and other business software (Microsoft Office, Adobe Acrobat, Westlaw, Tamale, etc.).
Ability to:
  • Establish and maintain harmonious, productive, efficient, and mutually beneficial working relationships of trust with co-workers, other agency staff, and external contacts (such as consultants, outside fund management, opposing counsel, state government personnel, and the public).
  • Work effectively in a professional team environment.
Physical Requirements and/or Working Conditions

Work is performed in a standard office environment and requires:
  • normal cognitive abilities including the ability to learn, recall, and apply certain practices and policies;
  • marginal or corrected visual and auditory requirements;
  • constant use of personal computers, copiers, printers, and telephones;
  • the ability to move about the office to access file cabinets and office machinery;
  • frequent sitting and/or remaining in a stationary position; and
  • the ability to work under deadlines, as a team member, and in direct contact with others.
Workforce Expectations

Must be able to:
  • regularly, reliably, and punctually attend work;
  • work extended hours as necessary;
  • travel occasionally for work assignments and trainings;
  • show flexibility and adaptability toward changes in assignments and work schedules;
  • adhere to the agency's internal management policies and procedures; and
  • exhibit work behaviors consistent with agency core values.
TO APPLY:
Submit an online application at governmentjobs.com by 5:00 p.m. on the closing date. Applications will be screened for minimum qualifications. Skill demonstrations or work simulations may be part of the selection process. Top candidates will be contacted for further consideration. Finalists who document college/university or special coursework to meet the minimum qualifications will be required to submit copies of transcripts or diplomas at the time of interview. Only internal applicants and applicants who are interviewed will receive notification of application results. Please contact Human Resources if you require accommodation during the application process.

Please Note:
  • The application, resume, and any other accompanying documentation may be subject to disclosure by TRS upon receipt of a request under the Texas Public Information Act.
  • Due to the nature of TRS business a criminal background investigation will be conducted prior to an offer of employment.
  • The State of Texas requires all male candidates ages 18 to 25 to show proof of selective service registration (or exemption) upon hire.
  • The U.S. Immigration Reform and Control Act of 1986 requires new employees to present proof of identity and eligibility to work in the United States.
  • For detailed information about the benefits of working at TRS, view the employee benefits page.
TRS is committed to the principles of equal employment opportunity and workforce diversity.

Veterans, Reservists or Guardsmen: the Teacher Retirement System of Texas recognizes the contributions and values of our veterans. Those Veterans, Reservists or Guardsmen meeting the minimum qualifications and experience are highly encouraged to apply.
 
 
 
APPLICATIONS MAY BE FILED ONLINE AT:
https://www.governmentjobs.com/careers/trstx

Position #17-000020
INVESTMENT ATTORNEY
ME

1000 Red River Street
Austin, TX 78701
512-542-6557


 
 
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