Counsel- Wealth in New York City, New York | DiversityInc Careers
 

Counsel- Wealth

Job Description
Reporting to the Managing Counsel for US Wealth business of TD Bank, N.A. (T.D. Bank), the Counsel will be responsible for providing legal services and counsel to the US Wealth business of TD Bank. This is a challenging and diverse position that will work closely with business clients and legal, compliance, and AML partners within the infrastructure of a world-class Legal Department. The individual in this role will be responsible for managing legal issues related to TD Wealth’s US High Net Worth and Mass Affluent businesses. Specific responsibilities include managing legal issues for (i) the Wealth broker-dealer and registered investment adviser, TD Private Client Wealth LLC, (ii) the TD Bank, N.A. fiduciary platform for investment management and trust, and (iii) the Mass Affluent platform for insurance sales and investment referrals and sales made in the TD Bank branches, including oversight of TD Wealth Management Services, Inc., a licensed insurance agency.Job Requirements
• Work with the US Wealth business to provide best-in-class legal recommendations and support as the US Wealth team grows its business. Areas of focus include business development, customer matters, employee matters, operational and risk issues, new products, regulatory developments, strategic initiatives, and sales practice.
• Act as advisor to the US Wealth business to help achieve its business goals while identifying and managing legal and other risk issues.
• Monitor and advise Wealth business about regulatory developments and recommend business-practical solutions.
• Manage corporate governance matters for TD Private Client Wealth LLC and TD Wealth Management Services, Inc.
• Build and maintain effective working relationships with internal stakeholder groups, including other areas of Legal, Compliance, AML and Risk, as well as external industry groups, such as SIFMA and the ABA.
• Demonstrates highest professional ethical and behavioral standards, and complies with all applicable Bar Rules and Codes of Professional Responsibility.
• Educates and trains Associate Counsel and staff for continued development.
• Prevents and/or resolves conflicts with the team; encourages and empowers others.
• Assists in the management of expenditures for outside counsel.
• Reduces expenses in providing internal legal advice.
• Advises lines of business on practices that help minimize legal and litigation risk.
• Resolves most situations where conflicts arise between the needs and desires of specific business units and the interests of the Company without requiring intervention of more senior lawyers.
• Inspires the confidence of clients by clearly understanding the client's role with the Company and considers the practical business implications of legal advice.
• Identifies relevant facts; gathers relevant information from appropriate resources; evaluates the reliability of information
obtained.
• Knows relevant substantive law; identifies legal issues for business units and formulates relevant legal strategies.
• Leads in complex and sensitive negotiations; considers the long-term consequences and coaches clients towards protecting the
Company's interest.
• Provides advice in ambiguous situations; identifies and reduces future legal risks; identifies and takes action on future opportunities.
• Anticipates client needs; deals with complex legal issues; delivers difficult messages without jeopardizing client relationships.
Qualifications
• Bachelor’s degree required
• JD from accredited law school required
• 5+ Years of related experience
• Admission to appropriate State Bar in good standing and licensed to practice law in the State
• Basic understanding of banking/financial services operations and issues
• Ability to simplify, problem solve, multitask and work effectively against deadlines
• Integrity and high moral standards
• Strong negotiation and conflict resolution skills
• Strong legal research and analysis skills
• Detail oriented
• Must be able to apply legal knowledge to the business
• Ability to exercise sound judgment
• Excellent oral and written communication skills
• Strong teamwork and client skills
• Highly motivated
• May supervise administrative and paralegal staff and junior attorneys
• Must be eligible for employment under regulatory standards applicable to the position.