Teacher Retirement System of Texas · 1 month ago
Investment Counsel
Austin, TX
Full-time
Onsite
Mid, Senior Level
4+ years expTeacher Retirement System of Texas (TRS) manages retirement and healthcare plans for over 2 million public education professionals and is looking for an Investment Counsel. The role involves providing legal counsel on investment transactions, negotiating contracts, and ensuring compliance with fiduciary duties.
Government Administration
Responsibilities
Provides legal advice to and represents the agency regarding:
Negotiation of investment management agreements with external managers and related matters
Investments in hedge funds, private equity funds, real asset funds, energy and natural resources funds, related co-investment or principal investment funds, and derivatives transactions
Investment operations, non-disclosure agreements, foreign investment documentation, investment policies, litigation analysis, and other duties as assigned; and
The application of fiduciary duties to investment matters, policies, procedures, and operations
Participates in the selection and oversight of outside investment counsel, including coordinating workflow, evaluating work product, reviewing invoices, and negotiating fee reductions
Prepares, reviews, and negotiates research and other investment-related arrangements including those involving commission credits or custody of pension assets, and advises investment staff and agency management about such arrangements
Prepares or reviews requests for proposal or qualifications, and drafts and negotiates contracts with vendors (e.g., custody agreements), investment consultants, external discretionary investment managers, outside legal counsel, clearinghouses, and prime brokers
Reviews offering memoranda, subscription documents, and proposed contracts relating to private investments; provides legal advice and services, including drafting and negotiating transaction documents, as assigned; and supervises execution of documents according to agency policies and procedures
Prepares memoranda, contracts, policies, guidelines, procedures, letters, bills, or analysis for legislative consideration, or other materials as assigned
Attends as needed meetings of the agency Board of Trustees, Board Committees, and internal investment committees; and assists with preparation of meeting materials, such as proposed resolutions, meeting minutes, and related materials
Assists senior attorneys and management in meetings and negotiations with other attorneys and external parties, including executive and legislative branches of Texas state government, auditors, investment consultants, and vendors
Provides advice and assistance regarding all applicable existing or proposed federal, state, and agency laws, rules, and policies
Conducts legal research and analysis with respect to assigned or referred matters
Assists with preparing audit inquiry responses on behalf of the agency, as assigned
Coordinates and reviews the related work of legal assistants, specialists, and support staff with regard to specific areas of responsibility
Participates in special projects, as assigned (e.g., foreign office matters)
Performs related work as assigned
Qualification
Required
Juris Doctor (J.D.) degree from an accredited law school
Four (4) years of full-time directly related, progressively responsible experience as a transactional attorney or related experience
Two (2) years of full-time directly related, progressively responsible experience in at least one of the following areas: transactional work in private equity, real estate, or energy and infrastructure transactions, derivatives contracts, or mergers and acquisitions
Licensed to practice law in the State of Texas and a member in good standing of the State Bar of Texas; or hold a valid, active law license issued by another state and be eligible for Texas licensure under Board of Law Examiners Rule XIII: Attorneys from Other Jurisdictions (candidate must obtain Texas license within eight months of hire date)
Preferred
Two (2) years of experience providing legal services for transactional matters such as corporate, derivatives or private fund transactions
Experience effectively and succinctly communicating with a high-level audience, such as a governing Board or executive management
Experience overseeing and managing outside counsel
Company
Teacher Retirement System of Texas
The Teacher Retirement System of Texas (TRS) is responsible for investing funds under its stewardship and for delivering benefits to members as authorized by the Texas Legislature.
1001-5000 employees
Funding
Current Stage
Late StageLeadership Team
Don Green
Chief Financial Officer
Janie Duarte
Deputy Chief Financial Officer
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