Job Posting: Legal Counsel – Investments at T. Rowe Price

There is a place for you at T. Rowe Price to grow, contribute, learn, and make a difference. ​ We are a premier asset manager focused on delivering global investment management excellence and retirement services that investors can rely on today and in the future. The work we do matters. We invite you to explore the opportunity to join us and grow your career with us.


This position reports to, and is under the direction and supervision of T. Rowe Price Associates’ Managing Legal Counsel and will be responsible for capital markets matters for our global advisory business. Legal Counsel will have the opportunity to work closely and collaboratively with portfolio management and trading teams. The Legal Counsel will provide legal and strategic advice to various business units with respect to equity and fixed income matters with a primary focus on Stable Value related matters and a secondary focus on derivatives/complex product trading matters including, but not limited to trading agreement documentation/negotiation and global regulatory issues.

The Legal Counsel will support our fixed income investment teams with a primary focus on supporting the Stable Value investment teams in:

  • The review and negotiation stable value investment contracts.
  • Negotiation and implementation of substantive amendments to existing investment contracts.
  • Participation in due diligence oversight of external fixed income managers.
  • Work closely and collaboratively with stable value portfolio managers to analyze investment contract terms and provide actionable legal advice. 
  • Monitoring and interpreting regulatory developments impacting stable value, communicating impacts to relevant stakeholders, and working cross-functionally to address such developments.

In addition, Legal Counsel may support our equity and fixed income investment and trading teams on legal matters related to derivatives/complex product trading matters, including, but not limited to:

  • Review and negotiation of long form and master confirmation agreements.
  • Legal advice on matters related to trade and transaction reporting of derivate trades.
  • Negotiation of trading agreements including, ISDA Master Agreements, MSFTA agreements, repurchase agreements, futures and options agreements, clearing and execution agreements, foreign exchange documentation, electronic trading agreements, brokerage agreements, control agreements, and prime brokerage agreements.
  • Monitoring and interpreting global regulatory developments related to derivatives/complex products that may impact the firm and our clients, communicating impacts to relevant stakeholders, and working cross-functionally to address such developments.

This position is an individual contributor role but will involve collaboration with and potential delegation to Legal Counsel and Legal Analyst supporting similar legal matters.  The Legal Counsel is expected, over time, to take on other matters and develop additional areas of expertise, as the needs of the business and the team’s responsibilities may require.


  • Provides specialized, expert legal counsel to one or more business units or functional areas across the firm on a global basis.
  • Viewed by stakeholders and colleagues as a trusted internal resource capable of using knowledge of the organization’s businesses, products, services, and/or strategies to articulate and advance legal positions.
  • Contributes to establishing the organization’s professional standards in area(s) of expertise.
  • Responsible for assigned matters and may assign work to less experienced attorneys or other legal staff.


  • Handles a portfolio of moderate to complex, often specialized, legal issues, including serving as an advisor to internal and external stakeholders, including outside counsel, relevant to issues affecting the assigned entities and business units.
  • Reviews presented business issues, conducts legal research and investigations, and crafts legal solutions, balancing internal and external stakeholder interests with the risks of adverse legal actions, revenue loss, or reputational damage to the entity. Issues are typically complex or without much precedence and require creative solutions.
  • Communicates and collaborates with leaders who also serve in an advisory or oversight capacity, such as risk, audit, etc., and develops the legal response/position for complex issues identified as significant risks or areas of noncompliance. Reviews summaries of legal matters and due diligence activities prepared by less experienced professionals for accuracy.
  • Initiates contact, retains, and manages outside counsel who provide legal services to the entity. Communicates expectations for deliverables and service levels; ensures retained counsel is kept informed of entity priorities and strategies. Reviews outside counsel work for appropriateness, quality, and alignment to expectations; provides feedback and direction to rectify any issues.
  • Maintains an in-depth understanding of practice or functional area products and services or specializes in a specific product or practice area. Maintains expert knowledge of all regulators relevant to the practice or functional areas. Advances knowledge through participation in external industry or professional events.
  • Provides work guidance and mentoring to less experienced attorneys, support staff, or other legal department colleagues.


  • Bachelor’s degree
  • Juris Doctorate from an accredited school of law
  • Admitted to the bar in the state of MD or any other state
  • 3-6 years of total relevant work experience in a securities or derivatives practice, preferably in a law firm or in-house at a financial services company, or at a regulatory agency.
  • This position requires knowledge and clear understanding of the functioning of global financial markets and the legal issues involved, as well as in-depth knowledge of trading agreements and the regulations pertaining to securities and derivatives on a global scale (Dodd-Frank Act, SEC/CFTC regulations, EMIR/MiFID, etc.)


  • General familiarity with Stable Value products and investment contracts is preferred.
  • General familiarity with collective investment/common trust funds is preferred.
  • General familiarity with registered investment company issues, UCITS and private funds..
  • Familiarity with the operations of applicable regulatory agencies – SEC, CFTC, FINRA, ESMA, FCA etc.
  • Strong negotiating and legal research and analytical skills
  • Ability to work under pressure, particularly on time-sensitive issues and under short deadlines
  • Strong oral and written communication skills
  • A demonstrated ability to apply legal judgment to produce actionable advice to further the firm’s business objectives
  • Strong interpersonal and teamwork skills

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

Commitment to Diversity, Equity, and Inclusion:

We strive for equity, equality, and opportunity for all associates. When we embrace the power of diversity and create an environment where people can bring their authentic and best selves to work, our firm is stronger, and we create greater value for our clients. Our commitment and inclusive programming aim to lift the experience for each associate and builds allies for our global associate community. We know that a sense of belonging is key not only to your success at the firm, but also to your ability to bring your best each day.

Benefits: We invest in our people through a wide range of programs and benefits, including:

  • Competitive pay and bonuses as well as a generous retirement plan and employee stock purchase plan with matching contributions
  • Flexible and remote work opportunities
  • Health care benefits (medical, dental, vision)
  • Tuition assistance
  • Wellness programs (fitness reimbursement, Employee Assistance Program)

Our policies may change as our working lives evolve. Yet, our commitment to supporting our associates’ well-being and addressing the needs of our clients, business, and communities is unwavering.

As part of T. Rowe Price’s Health and Safety protocols, effective October 19, 2021, any US-based new hires, including interns will be required to be fully vaccinated against COVID-19 or have a valid exemption under applicable state or federal law from receiving a COVID-19 vaccine.

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, colour, 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.