Vice President, Registered Funds Legal and Regulatory

Location

Business - Brookfield Oaktree Wealth Solutions

Brookfield Asset Management, a leading global alternative asset manager, has an exemplary 100+ year history of owning and operating real assets and related businesses. In 2019, Brookfield acquired a majority interest in Oaktree Capital, a leader among global investment managers specializing in credit and other alternative investments. Together, Brookfield and Oaktree share a long-term, value-driven, contrarian investment style, focusing on sectors in which their in-depth operating experience and market knowledge provide a competitive advantage.
 

Brookfield Oaktree Wealth Solutions is a dedicated business delivering the unparalleled alternative investment expertise of Brookfield and Oaktree to private wealth investors, in partnership with their financial advisors. The business unit is dedicated to effectively supporting the financial intermediary community and bringing timely & unique solutions to market with the individual investor in mind.

Brookfield Culture

Brookfield has a unique and dynamic culture.  We seek team members who have a long-term focus and whose values align with our Attributes of a Brookfield Leader:  Entrepreneurial, Collaborative and Disciplined.  Brookfield is committed to the development of our people through challenging work assignments and exposure to diverse businesses.

Job Description

Brookfield Oaktree Wealth Solutions (“BOWS”) is seeking to add a highly skilled and dynamic attorney to its Registered Funds Legal and Regulatory Team located in its New York office. The Team offers specialized expertise in legal and compliance matters related to forming and offering pooled vehicles intended for distribution to wealth investors, including funds that are registered under various regulatory regimes around the world and those that are unregistered (collectively, “Wealth Vehicles”).  The Team sits within BOWS and engages with multiple registered investment advisers and other business units across the broader Brookfield organization in support of Brookfield’s efforts to penetrate the wealth marketplace. This candidate will provide counsel on a wide range of legal and regulatory matters impacting Brookfield’s Wealth Vehicles.  Such matters will include, among others, structuring, launching and advising on the distribution of Wealth Vehicles, globally and in the US, that focus on alternative investment strategies, including infrastructure, real estate, private credit and private equity; advising on applicable regulatory matters; preparing, reviewing and presenting of board materials; drafting and maintaining relevant disclosures; and managing corporate governance items specifically related to portfolio management transactions.  The candidate will be a key member of the Registered Funds Legal and Regulatory team and will regularly interact with investment, distribution, finance, fund accounting, client service and operations professionals, as well as senior management, across Brookfield. The individual assuming this role should have deep familiarity with legal and regulatory matters associated with the management of Wealth Vehicles, and support for the various independent boards or other governance or oversight bodies thereof, be organized and self-motivated to be able to run independently with projects. 

Key Responsibilities

• Advise on and lead fund formation matters for registered and unregistered fund structures across multiple jurisdictions.  These activities may include the design and launch of new registered funds, broadly offered private funds, collective investment trusts, and other types of investment vehicles.

• Provide counsel regarding complex fund or feeder fund offerings, and direct and indirect private securities offerings. Assist leaders with product development of various investment structures across multiple jurisdictions.

• Oversee the ongoing day-to-day management of new and existing registered funds and other Wealth Vehicles.

• Support fund governance matters, liaise with fund and independent trustee counsel, review, and present from time-to-time, board materials and provide guidance to business colleagues and senior management on board proposals.

• Manage regulatory filings (e.g., 8-Ks, 10-Q/Ks, Form 10s, N-2s, N-CSRs, and prospectus updates) and assisting with day-to-day oversight of legal matters.

• Provide legal and regulatory advice regarding Wealth Vehicle modifications or enhancements as well as fund/vehicle mergers.

• Advise investment teams in collaboration with compliance professionals on US and non-US legal and regulatory issues, including those arising from trading or operational matters and those arising in connection with fund investments in co-investments and secondaries.

• Legal review and analysis of transactions being considered for potential investment, including co-investment transactions made in reliance on SEC exemptive relief.

• Collaborate with business and other Legal and Regulatory colleagues with respect to global distribution matters.

• Draft, review and negotiate material agreements for Wealth Vehicles.

• Provide legal support for responses to regulatory inquiries.

• Other projects as assigned.

Candidate Profile

• Juris Doctorate (J.D) from an accredited institution.

• Licensed to practice law and a member in good standing in the State of New York.

• 7+ years of experience at a registered investment adviser, private law firm, or within the asset management industry with a focus on Wealth Vehicles.  Prior experience at a regulator is a plus.

• Significant experience with Wealth Vehicles is desired, particularly 3(c)(7) funds intended for wealth investors, interval funds, tender offer funds, non-traded REITs and BDCs.

• Experience with some or all of the following: alternative investments, co-investments, direct investments, and/or secondary transactions in private securities. 

• Experience reviewing and interpreting statutes, rules and regulations, with knowledge of U.S. securities laws including Investment Advisers Act of 1940, Securities Act of 1933 (including Regulation D), the Securities Exchange Act of 1934, and/or the Investment Company Act of 1940.

• Experience with broker-dealer/FINRA matters is a plus, along with familiarity with ERISA matters, anti-money laundering (AML) regulations, data protection laws, and tax considerations related to alternative investments.

• Understanding of international investment adviser regulation, offering regulations (both public offerings and private placements) and disclosure principles is desirable but not required.

• Ability to analyze complex and complicated legal issues quickly and provide real time legal advice.

• Basic understanding of corporate finance matters, including valuing private assets, mergers and acquisitions and leveraged finance, is desirable but not required.

• Proven ability to work independently and efficiently and as a team player in a demanding, fast-paced, fluid environment handling multiple tasks and projects concurrently, while maintaining highest standards and attention to detail.  Experience managing complex projects.

• Confidence and interpersonal and networking skills necessary for effective interaction with business clients at all levels and external parties.

• Excellent analytical, oral and written communication skills, particularly the ability to reduce sophisticated legal issues to straightforward, practical analysis and advice.

• Excellent critical thinking and organizational skills.

• Capable of adapting to changing needs of the organization.

• Curiosity, versatility and willingness to learn new areas of the law.

• Energetic and willing to get involved where needed.

Salary Range: $225,000 - $250,000
 

Our compensation structure is comprised of a base salary and a short-term incentive program (cash bonus). Cash compensation tends to vary based on geography to account for local market conditions and is set to be market competitive. Compensation decisions are based on a number of factors including relative experience, overall years of experience, industry experience, education and designations.

Brookfield is committed to maintaining a Positive Work Environment that is safe and respectful; our shared success depends on it.  Accordingly, we do not tolerate workplace discrimination, violence or harassment.