Associate General Counsel
The position of Associate General Counsel reports to the EVP & General Counsel of Kestra Financial, Inc. and is responsible for providing a range of legal advice in the areas of broker-dealer and investment adviser compliance, including drafting and reviewing policies and procedures; assisting with regulatory responses; assisting with customer responses; managing, assessing and reporting on litigation; and providing counsel on a variety of other general corporate matters as assigned. The position will entail interaction with management and staff of Kestra Financial and its subsidiaries as well as the company’s independent financial advisors.
ESSENTIAL DUTIES AND RESPONSIBILITIES: To perform this job successfully, individual must be able to perform each essential duty satisfactorily:
- Provide legal counsel on matters related to the broker-dealer, registered investment adviser and insurance agency activities of the company; counsel the company on compliance risk and mitigation efforts; assist with reviews and revisions of key manuals such as the broker-dealer representative manual and written supervisory procedures of the broker-dealer
- Assist the company to respond to regulatory examinations and inquiries; interact with regulatory agencies in the resolution of alleged compliance deficiencies
- Draft, review and revise institutional and customer contracts related to the broker-dealer, investment advisor and insurance activities of the company and its subsidiaries (selling agreements, marketing agreements, registered representative agreements, promissory notes and loans, investment adviser agent agreements, customer agreements, technology agreements among others)
- Manage, assess and report on litigation and arbitration claims to which the company, its affiliates and financial advisors become a party; tender errors and omissions claims and coordinate with insurance carriers on the defense of claims; counsel the company and coordinate with outside counsel on the assessment of contingent liabilities and reserves
- Oversee responses to third party document requests and subpoenas
- Other legal matters as assigned.
KNOWLEDGE, SKILLS, AND/OR ABILITIES: To perform this job successfully, individual should have the following skills and abilities:
- Ability to exercise sound, independent judgment
- Excellent verbal and written communication skills
- Strong attention to detail
- Ability to prioritize and handle multiple and varied tasks independently
- Ability to work effectively in a team environment
- Ability to effectively draft written agreements
- Basic office technology knowledge (Word, Outlook, Excel, etc.)
- Juris Doctorate with at least four years of relevant financial services experience.
- Securities law and regulation (FINRA rules, Securities and Exchange Act of 1934, Securities Act of 1933, Investment Advisers Act of 1940, etc.) experience required.
- Prior in-house broker-dealer experience very helpful
- License to practice law in Texas or ability to obtain a Texas law license.