CPA - General Counsel IV (REOPENED) (00005263)
Organization: TREASURY SAFEKEEPING TRUST COMPANY
Primary Location: Texas-Austin
Work Locations: Thomas J Rusk Building 200 East 10th Street Austin 78701
Employee Status: Regular
Standard Hours Per Week: 40.00
Travel: Yes, 10 % of the Time
State Job Code: 930U
Salary Admin Plan: B
Salary (Pay Basis): 9,584.00 - 12,916.67 (Monthly)
Number of Openings: 1
Overtime Status: Exempt
Job Posting: Sep 5, 2019, 7:36:29 AM
Closing Date: Oct 11, 2019, 11:59:00 PM
APPLICATIONS MAY BE FILED ONLINE AT: https://capps.taleo.net/careersection/ex/jobdetail.ftl?job=00005263&tz=GMT-05:00
APPLICATIONS SUBMITTED THROUGH WORK IN TEXAS: Work In Texas (WIT) applicants must complete the supplemental questions to be considered for the posting. In order to complete the supplemental questions please go to CAPPS Recruit to register or login and access your profile. Go to CAPPS Recruit to Sign In (Link: https://capps.taleo.net/careersection/ex/jobsearch.ftl?lang=en)
PLEASE NOTE: All applications must contain complete job histories, which includes job title, dates of employment, name of employer, supervisor's name and phone number and a description of duties performed. If this information is not submitted, your application may be rejected because it is incomplete. Resumes do not take the place of this required information.
DIVISION: Texas Treasury Safekeeping Trust Company/Legal Section
The legal division at TTSTC supports TTSTC’s mission to preserve and grow the State's financial resources through the effective management of over $70 billion in assets. The Assistant General Counsel will join a talented team of experienced asset management attorneys and perform advanced and/or managerial (senior-level) legal work on a wide variety of matters. This individual will play an integral role in an ever-changing, fast-paced environment as the legal team is considered an integral part of the investment team, and will provide legal services relating to contract negotiations, private markets transactions, agency policies, procedures, and public records law under. Representative projects may include providing legal counsel on private market investment transactions and related matters, directing and planning the agency’s legal and compliance activities; interpreting laws, regulations, and rules; preparing legal documents; rendering legal advice and counsel; drafting and negotiation of contracts; and drafting bills for legislative consideration. This role may plan, assign, and/or supervise the work of others. Works under limited supervision, with considerable latitude for the use of initiative and independent judgment.
40 hours per week with occasional evening and weekend hours. Hours may change based on business need.
ESSENTIAL DUTIES AND RESPONSIBILITIES:
Provides legal advice and counsel on any matters related to TTSTC’s operations and private markets investments, including private equity, hedge fund, venture capital, and co-investments.
Reviews, drafts, and negotiates matters including:
Investment management agreements, contracts, subscription agreements and redemptions, limited partnership agreements, side letters and related matters with external managers;
Investments in hedge funds, private equity funds, real asset funds, energy and natural resources funds, and related co-investment or principal investment funds;
Most favored nation elections, reporting and tax forms, and confidentiality agreements related to fund investments;
Over-the-Counter (OTC) derivatives agreements, International Swaps and Derivatives Association (ISDA) management;
Advising senior management on all documents related to investment transactions including offering memoranda, subscription documents, and proposed contracts relating to private investments.
Attends meetings of Advisory Committees, and internal investment committees; and assists with preparation of meeting materials, as needed.
Participates in the preparation and evaluation of RFPs and RFIs.
Reviews, drafts and revises investment policies, resolutions, and other documents related to investments.
Assist with the planning, coordinating, implementing and documenting investment compliance activities.
Advises on compliance with state and federal laws and administrative rules.
Drafts, reviews and negotiates contracts related to trust services, including funds management, investment services, and escrow agreements.
Negotiates, and drafts contracts with vendors, investment consultants, external auditors, and outside legal counsel.
Reviews and revises bond documents and coordinates with agencies and bond counsel.
Drafts, reviews and tracks contracts and requests for proposals relating to TTSTC administration and coordinates with Comptroller’s office.
Drafts, reviews and revises internal policies, rules, and other TTSTC operational documents.
Conducts research and reviews, tracks and drafts legislation, submits reports and coordinates with legislative affairs staff.
Appear at meetings and hearings on legislative matters.
Responds to audit requests and comments.
Responds to open records requests.
Performs other related work as assigned.
Graduation from an accredited law school with an LL.B. or J.D. degree.
Five (5) years full-time experience in the practice of law as a transactional attorney.
Two (2) years of recent experience in at least one of the following areas: private equity transactions, hedge fund transactions, private real estate investment transactions, or derivatives contracts.
Experience with a top-tier law firm or in-house with an investment adviser or investment fund is a plus.
Must have substantial knowledge of federal securities law and corporate law.
Experience may be concurrent.
License to practice law in the State of Texas is required. Member in good standing with the State Bar of Texas.
A valid Texas (or state of residency) driver’s license and a satisfactory driving record are a condition of employment. Applicants offered an interview must present the following documents at or before the interview: A state issued driving record for the last 36 months, valid Texas driver’s license (or state of residency driver’s license) and current proof of automobile insurance.
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. This position requires the incumbent to primarily perform sedentary office work; however, mobility (standing and walking) is routinely required to carry out some duties. It requires extensive computer use. It requires the ability to bend, stoop, kneel, and reach as needed for filing and similar routine office duties. The job also requires normal cognitive abilities requiring the ability to learn, recall, and apply certain practices and policies. It requires the stamina to maintain attention to detail despite interruptions. Marginal or corrected visual and auditory requirements are required for reading printed materials and computer screens and communicating with internal and external customers. May involve moving up to 25lbs of office equipment/material on a limited basis. The position may require travel to outlying field offices and other locations as necessary. Air and ground travel are required.
KNOWLEDGE SKILLS AND ABILITIES:Knowledge of:
legal principles, practices, and proceedings across various subject matter areas including securities, contract, corporate, partnership, finance, and administrative/government law
federal and state laws, regulation and rules impacting TTSTC investment and contracting activities, including ethics and fiduciary responsibilities
best practices in private and alternative investments, including Institutional Limited Partners Association (ILPA) principles
laws, regulations, and rules impacting TTSTC and Comptroller
legal research methods and techniques
Responsibilities include providing legal advice to the TTSTC pertaining to the following:
Reviewing, negotiating, and drafting legal documentation for investments in private equity funds, hedge funds, real estate funds, and others, including offering memoranda, limited partnership agreements, investment management agreements, side letters, subscription documents, non-disclosure agreements, stock purchase agreements, investors’ rights agreements, and related documents
Preparing and reviewing requests for proposal or qualifications
Drafting and negotiating contracts with vendors, investment consultants, external investment managers, outside legal counsel, and broker-dealers
Reviewing and drafting documentation relating investment operations, including non-disclosure agreements, investment policies, and other duties as assigned
Reviewing, negotiating, and drafting derivative transaction agreements, including International Swaps and Derivatives Association (ISDA) agreements; Repurchase agreements, including Master Securities Forward Transaction Agreements (MSFTA)
Reviewing and providing counsel regarding regulatory matters, including Dodd-Frank regulatory compliance, and other federal and state laws, regulations and rules impacting TTSTC investment activities, including the Securities Act of 1933, Securities Exchange Act of 1934, the Investment Company Act of 1940, and other matters pertaining to ethics and fiduciary responsibilities
Conducts research and provides support:
Reviews and monitors proposed state or federal legislation and regulations
Provides advice and assistance regarding all applicable existing or proposed federal, state, and agency laws, rules, and policies
Conducts legal research and analysis, describing application of findings to TTSTC business and investment activities
Coordinates and reviews related work of paralegals, specialists, and support staff with regard to specific areas of responsibility
Effectively conveying information and encouraging an exchange of ideas (Communication)
Identifying, defining and solving problems (Problem Solving)
Prepare, prioritize and complete legal investment transaction documents for multiple fund closings, additional subscriptions, and redemptions prior to deadlines
Prepare, review, edit, summarize, and submit legal documents
Attend meetings of the Comptroller’s Investment Advisory Board and other board meetings and investment committee meetings and preparing meeting materials
Conduct research and summarize findings
Interpret and apply laws, regulations, rules, and policies
Demonstrate a high level of integrity, strong work ethic and commitment to meeting deadlines
Work professionally with others to achieve a common goal (Teamwork)
Adjust to ever-changing workplace demands (Adaptability)
Meet the needs and expectations of internal and external customers (Customer Service)
Effectively demonstrate skill and ability to perform the specific job duties and tasks as defined by a job description (Technical Competence)
Must be dependable, meet deadlines and produce high-quality work (Workload Management/Productivity)
IMPORTANT NOTES TO THE CANDIDATE: Candidates may be asked to participate in a skills demonstration and/or presentation. Salary is contingent upon qualifications and is subject to salary administration and budgetary restrictions. CPA employees in the same job classification, if selected, will be laterally transferred with no increase in salary. (An example might be an Accounts Examiner III in Revenue Accounting division who moves to an Accounts Examiner III in the Enforcement division.) Complete copies of college transcripts must be furnished to the divisional hiring representative at the time of the interview for positions requiring a college degree, and/or specific educational credits.
VETERANS: Veterans, Reservist or Guardsmen with an MOS or additional duties that fall in the fields of 27B, Legal, 4405, 51 or other related fields pertaining to the minimum experience requirements may meet the minimum qualifications. Please call Human Resources, CPA Veterans Liaison at 512-475-3560/800-531-5441 for more information or assistance.Additional Military Crosswalk information can be found at: http://www.hr.sao.state.tx.us/Compensation/JobDescriptions.aspx We fully recognize, honor and enforce the Uniformed Services Employment and Reemployment Rights Act (USERRA) and encourage opportunities to hire Veterans, Reservists and Guardsmen.
Unless otherwise indicated on specific postings, regular attendance is an essential job requirement of all positions. Your application for employment with the Comptroller of Public Accounts may subject you to a criminal background check. All positions requiring a degree and/or licensing require proof of degree and/or license at time of interview.
If you are scheduled for an interview and require any reasonable accommodation in our interview process, please inform the hiring representative who calls you to schedule your interview. Whenever possible, please give the hiring representative sufficient time to consider and respond to your request. Only applicants scheduled for interviews will be contacted.
Thank you for considering employment at the Comptroller of Public Accounts! The Comptroller’s office is an equal employment opportunity employer.