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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, y ou can expect opportunities to create real impact at work and in your community. Y ou’ll enjoy resources to support your career path, a s well as compensation , benefits , and flexibility to enrich your life. Here, you’ll find a collaborative culture that respect s and valu e s differences and colleagues who share a spirit of generosity .

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

About this Position

We are hiring a Managing Legal Counsel to support T. Rowe Price’s growing exchange-traded fund (ETF) business. The position will be a member of the 1940 Act Regulatory Oversight team in Owings Mills, MD.

As Managing Legal Counsel, you will work collaboratively to solve complex issues and legal questions posed by business units and investment staff with respect to matters related to T. Rowe Price’s ETFs. This will include providing advice on the impact of new and proposed regulations as well as the development of new ETFs and related services and initiatives. This will also include working with the Product and Distribution teams to work on strategic global initiatives related to the ETF business. The Managing Legal Counsel will work on necessary filings and governance actions as well as communications with the Securities Exchange Commission. You will also respond to internal and client questions regarding ETF applicable regulations and disclosure requirements. The Managing Legal Counsel will also be responsible for preparing and presenting various matters to the Price Fund Board of Directors.

The candidate best suited for this role will have an in-depth understanding of ETFs, including trading, investments, exchange practices, distribution and industry best practices. The applicant should also understand ETF service providers as well as applicable regulations, including the Investment Company Act of 1940 and Investment Advisers Act of 1940. The candidate should have extensive background working on matters and responding to inquiries from senior leaders and investment staff relating to legal questions regarding ETFs and have experience presenting to ETF boards of directors. This role requires deep, comprehensive expertise in all aspects of Exchange-Traded Funds (ETFs), including their structure, regulation, distribution, and ongoing operational requirements. The ideal candidate will possess a proven track record of advising on complex ETF matters in a major law firm, financial institution, or asset management setting.

Role Summary

Provides expert legal counsel supporting T. Rowe Price’s 1940 Act products and business areas. Viewed as a trusted internal resource capable of using significant experience and knowledge of T. Rowe's businesses and products to articulate and advance legal positions. Partners with business, Legal, and compliance colleagues to influence decisions related to the business unit’s support of ETFs. Provides advice on proposed, new and existing rules and regulations affecting the ETFs, with a primary focus on the Investment Company Act of 1940 and the Investment Advisers Act of 1940. Presents to the ETF Board of Directors.

Responsibilities

+ Provide expert legal counsel on the formation, registration, and ongoing management of ETFs.

+ Advise on SEC regulations, compliance, and disclosure requirements specific to ETFs.

+ Provide legal support for product development, distribution strategies, and ETF-related transactions.

+ Serve as one of the primary legal contacts for all ETF regulatory matters, including interaction with regulatory agencies.

+ Monitor and interpret evolving ETF regulations and industry trends, ensuring proactive adjustments to legal strategy.

+ Collaborate with internal stakeholders and external counsel to address sophisticated legal issues related to ETFs.

+ Lead and/or support special projects, such as new rule implementation and business initiatives, on a cross-functional basis.

Qualifications

Required:

+ Juris Doctor (JD) degree and membership in good standing with a state bar.

+ Minimum of 10 years of direct, hands-on experience as a lawyer specializing in ETFs.

+ In-depth knowledge of ETF product structures, regulatory frameworks, and operational complexities.

+ Demonstrated experience advising on all aspects of ETF formation, management, compliance, and distribution.

+ Exceptional communication and leadership skills; ability to collaborate effectively across business units.

Preferred:

+ Experience interacting with business teams, such as Investments, Distribution, Operations and Trading groups as well as other attorneys and compliance team

+ Prior experience at a leading law firm, financial institution, or asset manager with a focus on ETFs is strongly preferred.

+ Ability and intent to (1) create value for clients; (2) think and act strategically; (3) champion integrity; (4) drive results and accountability; and (5) communicate effectively

FINRA Requirements

FINRA licenses are not required and will not be supported for this role.

Work Flexibility

This role is eligible for hybrid work, with up to one day per week from home.

Base Salary Ranges

Please 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, California

Placement 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 performance.

Commitment to Diversity, Equity, and Inclusion

At 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.

Benefits

We 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 life:

+ Competitive compensation

+ Annual bonus eligibility

+ A generous retirement plan

+ Hybrid work schedule

+ Health and wellness benefits, including online therapy

+ Paid time off for vacation, illness, medical appointments, and volunteering days

+ Family care resources, including fertility and adoption benefits

Learn more about our benefits. (https://www.troweprice.com/corporate/us/en/careers/benefits.html)

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.