Job TitleUS Funds Legal - Wealth Distribution Funds LawyerDepartment: Legal
Location: Charlotte, NC or New York, NY
The PositionThe Barings' Funds Legal Team is seeking a new team member supporting Barings fund distribution, fund formation, and capital raising activities, particularly from a wealth perspective, across investment vehicles for all asset classes. The successful candidate will provide legal assistance on fund structuring, design, and maintenance, investor negotiation, distribution and marketing, and other legal and regulatory matters related to such funds. This role will be located at the firm's headquarters in Charlotte, NC or the firm's New York, NY office
The TeamThe Barings Global Legal mission is to serve as a trusted advisor to manage and mitigate legal risk for the company and partner with our clients to support legal needs. The Funds Legal Team works closely with and acts as a trusted and strategic advisor to other teams across Barings' global platform.
Primary Responsibilities- Collaborate with Product Management, Client Group, Compliance and Tax to structure and launch wealth products.
- Provide internal legal advice for new and existing Barings investment funds to be distributed to wealth clients including a variety of closed and open-ended fund structures such as white label feeder funds, interval funds and third-party distribution platforms & access funds.
- Support capital raising and distribution activities across all asset classes including private credit, real estate debt and equity, private equity, capital solutions, portfolio finance and public fixed income.
- Advise on fund distribution arrangements, intermediary terms and placement agent agreements.
- Manage legal elements of new wealth projects including working with outside counsel and internal teams on preparation of fund documentation, distribution and marketing, and support the integration of these funds into wealth management and digital platforms.
- Manage relationships with external counsel to maximize effectiveness and efficiency of external advice and assistance.
- Create and document internal processes and decision making with regard to these fund raising activities.
Qualifications- 6+ years of relevant experience at law firm or asset manager.
- Experience in the legal and regulatory frameworks of marketing, distributing and onboarding wealth clients into investment funds.
- Experience working on a variety of wealth fund structures as well as the relevant tax and regulatory implications of such structures.
- Strong analytical skills and experience in drafting fund documentation.
- Strong negotiation skills, attention to detail, and ability to work through complex issues and structures.
- Team oriented with strong interpersonal and communication skills but with the ability to work independently and drive results and completion of projects.
- Ability to adapt to evolving and growing business and confidence to go beyond existing areas of expertise and work in new areas of law.
#LI-ME1
Requisite SkillsAdditional SkillsBarings offers a comprehensive benefits package including:CORE BENEFITS & WELLNESS- Medical (including Virtual Care), Prescription, Dental, and Vision Coverage
- Fitness Center Reimbursement Program (Including Online Memberships)
- Employee Assistance Program (EAP)
- Fertility Benefits
FINANCIAL WELL-BEING- Highly competitive 401(k) Plan with Company Match
- Health Savings Account (HSA) with Company Contributions
- Flexible Spending Accounts (FSA) - Health Care & Dependent Care
- Retirement Health Reimbursement Account
LIFE INSURANCE- Basic and Supplemental Life Insurance
- Spouse and Child Life Insurance
TIME OFF, DISABILITY AND LEAVE OF ABSENCE- Paid Vacation, Sick Days and Annual Holidays
- Paid Leave of Absences (Maternity Leave, Parental Leave, Caregiver Leave, Bereavement Time)
- Short and Long Term Disability Plans
- Paid Volunteer Time
OTHER BENEFITS- Education Assistance Program
- Charitable Matching Gifts Program
- Commuter Reimbursement Program
- Adoption and Surrogacy Reimbursement Program
