Assistant/Associate General Counsel, Financial Regulation

The Investment Company Institute (ICI) is the leading association representing regulated investment funds, including mutual funds, exchange-traded funds (ETFs), closed-end funds, and unit investment trusts (UITs) in the United States, and UCITS and similar funds offered to investors in Europe, Asia, and other jurisdictions. ICI also represents its members on issues involving the capital markets, separately managed accounts (SMAs) and collective investment trusts (CITs). ICI’s mission is to strengthen the foundation of the asset management industry for the ultimate benefit of the long-term individual investor. 

The Assistant/Associate General Counsel - Financial Regulation position represents ICI on securities and financial services issues and policy initiatives, including relevant regulation and legislation. Helps to coordinate and integrate the Law Department’s efforts with ICI’s research, government affairs, operations, and strategic communications functions to advance ICI’s positions and initiatives. Represents and advises ICI on matters affecting the industry before the Securities and Exchange Commission (SEC), other federal agencies, self-regulatory organizations (e.g., FINRA), Congress, states, and other policymakers.

Essential functions of this role include: 

• Advocates on members’ behalf on investment management matters involving the SEC, other federal agencies, self-regulatory organizations, Congress, states, and other policymakers, including through:

• Written comment letters, testimony, and other materials; and
• Calls, meetings. and other oral presentations.

• Educates and assists members with regulatory implementation and compliance efforts, including by and through:

• Leading and organizing meetings and calls of standing ICI committees and working groups focusing on specific disciplines (e.g., legal issues generally) or subject matter (e.g., disclosure or advertising);
• Communicating significant industry developments to members and others through memoranda, other documents, and member calls; and
• Developing and participating (e.g., as moderator or panelist) at ICI conferences, webinars, and workshops.

• Collaborates regularly and effectively with other ICI staff, including with:

• Research staff on data and other empirical analyses;
• Strategic Communications staff in developing accurate and effective communications (e.g., press releases, social media posts, blogs, and other public statements);
• Independent Directors Council in advancing its mission and objectives;
• Government Affairs staff to analyze, comment on, and develop legislative proposals;
• Operations staff on shared matters of interest;  
• ICI Global on regulatory and legislative matters outside the United States;
• Administrative support staff to ensure execution of all of the above.

• May coordinate with:

• Relevant professional and industry organizations, as ICI’s liaison; and  
• Outside legal counsel retained to assist ICI on regulatory and legal matters. 

If you have the following credentials, we encourage you to apply: 

• J.D. degree and member of a state (or DC) Bar.
• Minimum five years relevant legal experience in government, trade associations, or in house or external counsel.
• Solid knowledge of federal securities laws, including the Investment Company Act of 1940, the Investment Advisers Act of 1940, the Securities Act of 1933, the Securities Exchange Act of 1934, and applicable rules, as well as other financial services laws and regulations affecting funds and advisers. 
• Understanding of the operations of funds (e.g., mutual funds, ETFs, and closed-end funds) and their key service providers; knowledge of BDCs, private credit and other private fund structures, and variable products is a plus.
• Understanding of political and regulatory environment and processes. 
• Willingness to learn and master new subject matter related or adjacent to investment management (e.g., banking and antitrust law).
• High capacity for critical legal and factual analysis and problem-solving.
• Strong ability to communicate effectively in writing and orally, to varied audiences, in order to engage knowledgeably and advocate positions, obtain consensus, and influence outcomes.
• High degree of productivity, responsiveness, initiative, and flexibility.
• High degree of creativity and strategic thinking.
• Ability to plan and prioritize; excellent project management skills.
• Ability to work effectively, collegially, and collaboratively with ICI staff and members, regulators and other policymakers, outside counsel, and media.

ICI offers a competitive compensation and benefits package to include a comprehensive medical plan, generous 401(k) retirement savings plan, paid leave, commuting subsidies, and tuition reimbursement as well as training and development opportunities. Based in Washington, DC, ICI is conveniently located next to McPherson Square Metro station. This is a hybrid position with three days in the office and two working from home.  Compensation is based on several factors, including but not limited to, qualifications for the position, experience, education, and internal peer compensation comparisons. Base pay is one component of ICI’s total compensation, which also includes healthcare benefits, generous 401(k) plan, transit subsidy, and paid leave.  

To be considered for the position, please provide your cover letter and resume.

ICI is an Equal Opportunity Employer that values diversity and inclusion in the workplace.