Ariel Investments is a premier, boutique, asset management firm. Our primary goal is to drive exceptional investment returns by bringing diverse perspectives together. The only way to beat a benchmark is to not look like one. As value investors, our thinking is deliberate and unconventional. We offer an independent, patient investing approach and aim to deliver excellence in any environment. We uphold our fiduciary responsibility to every shareholder, no matter how big or small. 

At Ariel, we strongly believe that teamwork yields results—which is why we have Co-CEOs. John Rogers and Mellody Hobson share a desire to cultivate leaders who are curious, focused and disciplined. We are nimble and efficient. Our drive is fanatical and intentional. Everyone plays their position and each contribution is critical to our firm’s success. We seek subject matter experts who are unapologetically themselves. We encourage our employees to reach their full potential and we give them the runway to do so.   

After nearly four decades of active investing, we remain committed to our clients, our teammates and our community. We strive to be best-in-class investors and pioneer a path for those who entrust us with their financial future.  

Position Summary

The Deputy General Counsel will provide legal advice and strategic expertise across all areas of the business with primary responsibility for matters arising from the investment products (i.e., mutual funds, ETFs, private funds, and CITs) and public markets strategies (i.e., active equities). 

Proof of vaccination is required.  The hybrid work model is T-TH in the office and M & F generally remote.  In office time may be required on M & W for business and client needs.

Responsibilities include but are not limited to the following:

  • Provide strategic legal counsel to senior business leaders
  • Serve as primary legal counsel for matters arising for the investment products (i.e., mutual funds, ETFs, private funds, and CITs) and public markets strategies (i.e., active equities).
  • Coordinate fund launches, including working with outside counsel on legal documentation drafting, and address any issues arising from fund operations
  • Oversee all client contracts.
  • Assist, if requested, with the review of regulatory filings, particularly those with significant fund information (e.g., Form ADV and Form PF)
  • Perform legal research and analysis of legal and regulatory issues
  • Provide legal support to regulatory examinations
  • Present to Operating Committee and Board as required
  • Other tasks as identified by the General Counsel

Experience

  • A minimum of 6 years of asset management industry experience with law firm or company required
  • Experience with investment adviser regulatory matters and mutual fund launches, filings and regulatory matters required, with specific expertise in Investment Company Act regulations preferred
  • Experience managing direct reports, including non-lawyers, preferred
  • Executive presence and executive voice required
  • Ability to do risk-based legal and compliance analysis required
  • Collaborative, team-oriented work ethic and commitment to building an inclusive and diverse team culture required

Education (preferred and/or required)

  • J.D. degree from an accredited law school
  • Licensed to practice law in Illinois

Computer Skills Needed to Perform this Job

  • Proficient in a Microsoft 365 Environment

Competencies

Communicates Effectively - Is able to clearly and succinctly communicate verbally and in writing in a variety of settings and styles; can get messages across that have the desired effect.

Functional / Technical Skills - Has the functional and technical knowledge and skills to do the job at a high level of accomplishment.

Problem Solving - Uses rigorous logic and methods to solve difficult problems with effective solutions; probes all fruitful sources for answers; can see hidden problems; is excellent at honest analysis; looks beyond the obvious and doesn't stop at the first answers.

Time Management - Uses his/her time effectively and efficiently; values time; concentrates his/her efforts on the more important priorities; gets more done in less time than others; can attend to a broader range of activities.

Peer Relationships - Can quickly find common ground and solve problems for the good of all; can represent his/her own interests and yet be fair to other groups; can solve problems with peers with a minimum of noise; is seen as a team player and is cooperative; easily gains trust and support of peers; encourages collaboration; can be candid with peers.

Action-Oriented - Enjoys working hard; is action-oriented and full of energy for the things that he/she sees as challenging; not fearful of acting with a minimum of planning; seizes more opportunities than others.

Conflict Management - Steps up to conflicts, seeing them as opportunities; reads situations quickly; good at focused listening; can hammer out tough agreements and settle disputes equitably; can find common ground and get cooperation with minimum noise.

 Informing - Provides the information people need to know to do their jobs and to feel good about being a member of the team, unit, and/or the organization; provides individuals information so that they can make accurate decisions; is timely with information.

Ariel celebrates diversity and practices inclusion as a way to get work done – it’s in our DNA.  As an equal opportunity employer, our employment decisions are based on business needs, job requirements and individual qualifications without regard to race, color, religion, age, sex (including pregnancy), sexual orientation, gender identity, national origin, ancestry, marital status, parental status, mental or physical disability, military or veteran status, or any other basis protected by federal, state, or local law.  Ariel is committed to recruiting and retaining talented applicants, and to providing all employees with a workplace free from discrimination and/or harassment.

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