Energy Bar Association Career Center

Investment Attorney

Teacher Retirement System of Texas
Austin, Texas, United States
12 days ago

Description

WHO WE ARE:

The Teacher Retirement System of Texas is the largest public retirement system in Texas, serving more than 1.5 million people. Innovation, technology, and collaboration make the difference as we strive to continue earning your trust every day. TRS improves the retirement security of Texas public education employees through our 'best in class' investment management and delivery of pension and health care benefits.

Our Mission: Improving the retirement security of TRS members by prudently investing and managing the Trust assets and delivering benefits that make a positive difference in their lives.

Teacher Retirement System of Texas (TRS) is developing groundbreaking solutions to manage retirement & healthcare services as well as maximizing investment returns for the state’s public education employees. Succeeding in life is about commitment and hard work—maybe a favorite school teacher imparted that idea to you along the way. At TRS, we take that to heart and believe life can also be a balance between giving back while excelling professionally.

In this role, you would advise investment legal matters including documentation, litigation, and contracts.  We are looking for a candidate who works well with others and can interact with outside counsel, internal personnel, and vendors in support of our investment management division.

WHAT YOU WILL DO:

 Investment Counsel 

  • Provides legal advice to and represents the agency regarding:

            o Negotiation of investment management agreements with external managers and related matters;

            o Investments in hedge funds, private equity funds, real asset funds, energy and natural resources funds, and related co-investment or principal investment funds;

            o Investment operations, non-disclosure agreements, foreign investment documentation, investment policies, litigation analysis, and other duties as assigned;

            o Over-the-Counter (OTC) derivative confirmation negotiations (including equity, commodity, FX and bespoke confirmations), master confirmation agreements, Dodd-Frank regulatory compliance, futures clearing, International Swaps and Derivatives Association (ISDA) management, and OTC clearing; and

            o 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.
  • Provides legal services relating to custody of pension assets and securities lending for the investment function.
  • Prepares, reviews, and negotiates research and other investment-related arrangements involving commission credits, and advises investment staff and agency management about such arrangements. 


Investment Contracts and Documents 

  • 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. 


General Legal Counsel and Representation 

  • Attends 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.


Research and Support 

  • Reviews proposed state or federal legislation and regulations, and drafts research memoranda and analyzes for review and approval by agency management.
  • 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.
  • Reviews and advises on terms and conditions of coverage under fiduciary liability and directors and officers liability insurance (D&O) policies; negotiates renewal or replacement policies; and analyzes coverage, 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 

WHAT YOU WILL BRING:

Education:

  • Juris Doctor (J.D.) degree from an accredited law school. 


Experience:

  • Seven (7) years of full-time experience as a transactional attorney.
  • Three (3) years of experience in at least one of the following areas:  private equity transactions or derivatives contracts.
  • Experience may be concurrent. 


Registration, Certification, or Licensure:

  • 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).


Job Information

  • Job ID: 58633399
  • Location:
    Austin, Texas, United States
  • Position Title: Investment Attorney
  • Company Name: Teacher Retirement System of Texas
  • Energy Job Function: Attorney
  • Job Type: Full-Time

Please refer to the company's website or job descriptions to learn more about them.

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