Counsel, Private Investments (Credit)
- Employer
- Wellington Management Company, LLP
- Location
- New York, USA
- Salary
- Competitive
- Closing date
- Mar 4, 2023
View more
- Job Function
- Compliance/Regulatory
- Industry Sector
- Finance - General
- Employment Type
- Full Time
- Education
- Bachelors
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About Us
Wellington Management offers comprehensive investment management capabilities that span nearly all segments of the global capital markets. Our investment solutions, tailored to the unique return and risk objectives of institutional clients in more than 60 countries, draw on a robust body of proprietary research and a collaborative culture that encourages independent thought and healthy debate. As a private partnership, we believe our ownership structure fosters a long-term view that aligns our perspectives with those of our clients.
We are transitioning to a hybrid work environment where both remote work and the office play a critical role. Our vision is a future where all employees are empowered to work flexibly to drive the best outcomes for our clients. Flexible work is a mindset and a core value. Our employees are encouraged to work remotely two days a week as a standard practice and will have flexibility in terms of working hours.
About the Role
POSITION OVERVIEW
Wellington Management has been investing in private markets since 2003, and the firm launched its first dedicated private equity fund in 2014. Currently we manage approximately US $7 billion in committed capital four growth equity and venture funds. As part of the continued expansion of our private investing capabilities, we are seeking an attorney with private credit experience to join our Private Investments Legal Team. This new Counsel role will focus initially on supporting investment grade private placements. The ideal candidate has experience supporting investments in privately placed debt securities or other financing transactions on behalf of investment managers or other institutional investors.
RESPONSIBILITIES
As an equal opportunity employer, Wellington Management ensures that all qualified applicants will receive equal consideration for employment without regard to race, color, sex, sexual orientation, gender identity, gender expression, religion, creed, national origin, age, ancestry, disability (physical or mental), medical condition, citizenship, marital status, pregnancy, veteran or military status, genetic information or any other characteristic protected by applicable law . If you are a candidate with a disability, or are assisting a candidate with a disability, and require an accommodation to apply for one of our jobs, please email us at GMCANINQ@wellington.com .
At Wellington Management, our approach to compensation is designed to help us attract, inspire and retain the best talent in our industry.We strive to pay employees fairly and competitively across all levels and roles. Our approach to compensation considers all aspects of total compensation; all employees are eligible to receive salary, variable compensation, and benefits. The base salary range for this position is:
USD 100,000 - 225,000
This range takes into account the wide range of factors that are considered when making compensation decisions, including but not limited to skill sets; role; skills and experience; certifications; and education. This range is an estimate, and further details on salary and total compensation aspects will be shared with candidates during the recruitment process.
Base salary is only one component of Wellington's total compensation approach. Other rewards may include a discretionary Corporate Bonus and/ or Incentives, if eligible. In addition, we offer a comprehensive and high value benefit package to meet the unique needs of our employees and their families. Examples of our benefits include retirement plan, health and wellbeing, dental, vision, pharmacy coverage, health savings account, flexible spending accounts and commuter program, employee assistance program, life and disability insurance, adoption assistance, back-up childcare, tuition/CFA reimbursement and paid time off (leave of absence, paid holidays, volunteer, sick and vacation time)
Wellington Management offers comprehensive investment management capabilities that span nearly all segments of the global capital markets. Our investment solutions, tailored to the unique return and risk objectives of institutional clients in more than 60 countries, draw on a robust body of proprietary research and a collaborative culture that encourages independent thought and healthy debate. As a private partnership, we believe our ownership structure fosters a long-term view that aligns our perspectives with those of our clients.
We are transitioning to a hybrid work environment where both remote work and the office play a critical role. Our vision is a future where all employees are empowered to work flexibly to drive the best outcomes for our clients. Flexible work is a mindset and a core value. Our employees are encouraged to work remotely two days a week as a standard practice and will have flexibility in terms of working hours.
About the Role
POSITION OVERVIEW
Wellington Management has been investing in private markets since 2003, and the firm launched its first dedicated private equity fund in 2014. Currently we manage approximately US $7 billion in committed capital four growth equity and venture funds. As part of the continued expansion of our private investing capabilities, we are seeking an attorney with private credit experience to join our Private Investments Legal Team. This new Counsel role will focus initially on supporting investment grade private placements. The ideal candidate has experience supporting investments in privately placed debt securities or other financing transactions on behalf of investment managers or other institutional investors.
RESPONSIBILITIES
- Counsel cross-functional colleagues on legal and regulatory considerations to support the launch of a new private placements product, and advise on related policies, practices and frameworks
- Develop and lead legal support model for private placement investments, collaborating with investment, business and legal team colleagues, and leveraging existing processes and resources as appropriate
- Review and negotiate documentation related to private credit investments
- Advise investment professionals on transaction terms, risks and deal structuring issues
- Manage and oversee external counsel and alternative provider relationships
- Represent the firm in negotiations with strategic clients and service providers
- Flex to advise on other activities and transactions as needed
- 5+ years of experience practicing law at a national law firm or in-house
- Experience supporting investments in privately placed debt securities or other financing transactions
- Familiarity with federal securities laws and/or regulated investment manager context is a plus
- Strong counseling skills and judgment, adept at balancing risks and commercial objectives
- Strong organizational skills, able to prioritize and manage competing deadlines in a fast-paced environment
- Excellent communication, relationship and influence skills, able to distill complex topics for varied audiences
- Demonstrated analytical and problem-solving capabilities, able to proactively identify risks and areas for improvement and drive pragmatic solutions
- Ability to work independently and collaboratively in a team-oriented, global and cross-functional environment
- Growth mindset and intellectual curiosity, open to learning new practice skills and developing new subject matter expertise as needed
- Desire to help develop and grow contributions of early career professionals in the team
As an equal opportunity employer, Wellington Management ensures that all qualified applicants will receive equal consideration for employment without regard to race, color, sex, sexual orientation, gender identity, gender expression, religion, creed, national origin, age, ancestry, disability (physical or mental), medical condition, citizenship, marital status, pregnancy, veteran or military status, genetic information or any other characteristic protected by applicable law . If you are a candidate with a disability, or are assisting a candidate with a disability, and require an accommodation to apply for one of our jobs, please email us at GMCANINQ@wellington.com .
At Wellington Management, our approach to compensation is designed to help us attract, inspire and retain the best talent in our industry.We strive to pay employees fairly and competitively across all levels and roles. Our approach to compensation considers all aspects of total compensation; all employees are eligible to receive salary, variable compensation, and benefits. The base salary range for this position is:
USD 100,000 - 225,000
This range takes into account the wide range of factors that are considered when making compensation decisions, including but not limited to skill sets; role; skills and experience; certifications; and education. This range is an estimate, and further details on salary and total compensation aspects will be shared with candidates during the recruitment process.
Base salary is only one component of Wellington's total compensation approach. Other rewards may include a discretionary Corporate Bonus and/ or Incentives, if eligible. In addition, we offer a comprehensive and high value benefit package to meet the unique needs of our employees and their families. Examples of our benefits include retirement plan, health and wellbeing, dental, vision, pharmacy coverage, health savings account, flexible spending accounts and commuter program, employee assistance program, life and disability insurance, adoption assistance, back-up childcare, tuition/CFA reimbursement and paid time off (leave of absence, paid holidays, volunteer, sick and vacation time)
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