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At Franklin Templeton, we’re driving our industry forward by developing new and innovative ways to help our clients achieve their investment goals. Our dynamic and diversified firm spans asset management, wealth management, and fintech, offering many ways to help investors make progress toward their goals. Our talented teams working around the globe bring expertise that’s both broad and unique. From our welcoming, inclusive, and flexible culture to our global and diverse business, we offer opportunities not only to help you reach your potential but also to contribute to our clients’ achievements.
Come join us in delivering better outcomes for our clients around the world!
Department Title: Undergrad Intern – Legal
Location: The intern candidate must be able to commute into the New York City office on a weekly basis.
Position Summary:
The Fiduciary Trust team provides legal support to Fiduciary Trust and all of its subsidiaries, including corporate secretary/governance matters, Board and Audit Committee meetings/materials/minutes, contracts for managed, trust and custody clients, vendor contracts, M&A activities and private funds.
The Collective Investment Trust (CIT) team provides legal support for all of the Franklin Templeton CITs, including those for which Putnam Fiduciary Trust Company or Fiduciary International of the South serve as trustee, as well as those for which a third party serves as trustee (Great Gray Trust Company, Hand Benefit Trust Company, Alta Trust Company, etc.)
The U.S. ERISA/Retirement Services team focuses on providing legal support and advice to the U.S. institutional and advisory defined contribution, 403(b) plan, and IRA, Digital Solutions, and high net worth lines of business, including product initiatives, regulatory developments and all ERISA matters. The team also provides legal support to the various Compliance teams on ERISA matters. The team supports the LifeSmart target date funds. In addition, the team provides legal support for the Franklin Templeton 401(k) plan, including Plan Committee meetings, drafting Plan Committee governance documents (e.g., committee charters and guidelines), drafting committee minutes, plan amendments and restatements, independent fiduciary agreements, vendor RFPs, and M&A related matters for the plan.
Currently, the team is working with various recordkeepers and technology partners to make the Franklin Templeton Goals Optimization Engine (“GOE,” a managed account solution) available to defined contribution plan sponsors and their plan participants. GOE provides personalized investment advice to retirement plan participants based on information provided by the participants. We are also preparing for the launch of several new CITs.
Team Culture:
The Legal Department works closely with many groups within the business on projects and initiatives, including new lines of business, product development and distribution capabilities.
The department also collaborates with Compliance to ensure the business is operating in accordance with all applicable laws and regulations. The team prides itself on working collaboratively with each other in order to find optimal solutions to novel issues presented.
A Legal Department intern can expect to learn:
- How a Corporate Legal Department functions and supports other business departments
- Matters relating to Board of Directors/Committee meetings
- Legal disclosure requirements/documents applicable to the investment management industry
Key Responsibilities Can Include:
- Assisting with contracts and contract amendments
- Drafting Board/Committee resolutions and minutes
- Legal/regulatory research
Ideal Qualifications:
- Excellent writing skills
- Curiosity and Research skills
- Communication skills
Ready to make moves? Apply today!
When applying, please be sure to attach your resume. Applications without a resume file attachment will not be reviewed.
Due to the large volume of applications anticipated, we may not be able to personally contact every applicant. If you are interested in applying to more than one Franklin Templeton internship, please apply for other internships that pique your interest.
Compensation Range: This is a full-time internship where students will work approximately 35 hours per week and earn competitive hourly pay of $30 USD per hour. There are several factors taken into consideration in making compensation decisions including but not limited to location, job-related knowledge, skills, and experience. At Franklin Templeton, we apply a total reward philosophy where all aspects of compensation and benefits are taken into consideration in determining compensation.
What makes Franklin Templeton unique?
We believe that being a good corporate citizen is good business. To us, corporate citizenship means being accountable, serving our clients, being an employer of choice, managing our environmental impact, and supporting our communities. An emphasis on corporate citizenship is embedded in our culture, and is an important element of how we achieve success.
We are also committed to your learning and development with resources focused around Experience, Exposure, and Education, to help you achieve your professional development goals.
Franklin Templeton is an Equal Opportunity Employer. We are committed to equal employment opportunity for all applicants and existing employees and we evaluate qualified applicants without regard to ancestry, age, color, disability, genetic information, gender, gender identity, or gender expression, marital status, medical condition, military or veteran status, national origin, race, religion, sex, sexual orientation, and any other basis protected by federal, state, or local law, ordinance, or regulation. We invite you to visit us at Franklin Templeton Careers to learn more about our company, career opportunities and recruitment process.
Franklin Templeton is committed to fostering a diverse and inclusive environment. If you believe that you need an accommodation to search for, or apply for, one of our positions please send an email to accommodations@FranklinTempleton.com . In your email, please include the accommodation you are requesting and the job title and job number you are applying for. It may take up to three business days to receive a response to your request. Please note that only requests for accommodations will receive a response.
Experience our welcoming culture and reach your professional and personal potential!Our culture is shaped by our diverse global workforce and strongly held core values. Regardless of your interests, lifestyle, or background, there’s a place for you at Franklin Templeton. We provide employees with the tools, resources, and learning opportunities to help them excel in their career and personal life.
Hear more from our employees
Franklin Templeton is an Equal Opportunity Employer. We are committed to providing equal employment opportunities to all applicants and existing employees, and we evaluate qualified applicants without regard to ancestry, age, color, disability, genetic information, gender, gender identity, or gender expression, marital status, medical condition, military or veteran status, national origin, race, religion, sex, sexual orientation, and any other basis protected by federal, state, or local law, ordinance, or regulation.
Franklin Templeton is committed to fostering a diverse and inclusive environment. If you believe that you need an accommodation or adjustment to search for or apply for one of our positions, please send an email to accommodations@franklintempleton.com. In your email, please include the accommodation or adjustment you are requesting, the job title, and the job number you are applying for. It may take up to three business days to receive a response to your request. Please note that only accommodation requests will receive a response.
