MFS Investment Management
Counsel Broker-Dealer Regulatory
MFS Investment Management, Boston, Massachusetts, United States, 02108
Broker-Dealer Attorney
At MFS, you will find a culture that supports you in doing what you do best. Our employees work together to reach better outcomes, favoring the strongest idea over the strongest individual. We put people first and demonstrate care and compassion for our community and each other. Because what we do matters
to us as valued professionals and to the millions of people and institutions who rely on us to help them build more secure and prosperous futures. The Role
MFS Investment Management is seeking a broker-dealer attorney to join its Legal Department. The attorney's primary responsibilities will include providing advice to compliance and business units regarding federal securities laws and regulations, assisting in drafting and negotiating distribution and service agreements with intermediaries, assisting in providing legal support to the firm's registered transfer agent, and updating the firm's Forms BD and BR. What You Will Do
Provides advice on matters related to global distribution of domestic and offshore mutual funds by applying knowledge of U.S. and international securities laws and regulations including the 1940 Act, Exchange Act, Investment Advisers Act, and FINRA rules. Provides advice and counsel to MFS's limited-purpose broker-dealer on compliance with FINRA rules and other regulatory matters. Drafts and negotiates distribution and service agreements with domestic and international intermediaries including broker-dealers, banks, retirement plan recordkeepers, etc. Provides advice and counsel to MFS's registered transfer agent on related shareholder servicing and recordkeeping matters. Assists with the preparation of broker-dealer filings, primarily Forms BD and BR. Reviews and interprets statutes, rules and policies which are relevant to the regulatory functions of MFS, its corporate subsidiaries, clients and fund complexes and works with internal clients to meet their business objectives within the regulatory environment. Maintains awareness of best practices and evolving issues within the scope of the position, relates same to other departments within MFS, suggesting changes and modifications in practices and processes as necessary, and planning the implementation of same. Assumes additional responsibilities as requested. What We Are Looking For
Bachelor's Degree and Juris Doctorate Degree required. Must have at least 6-8 years of experience practicing law, preferably at a national law firm and/or comparable in-house position. Experience working in a global business in the legal specialty is preferred. Significant experience with domestic and offshore retail fund distribution matters and broker-dealer and transfer agent operations is highly preferred. Should have excellent written and verbal communication, have strong problem-solving skills, have a client-service orientation, and be highly organized and detail-oriented. Must be able to draft and write effectively, and present research, analysis, and conclusions in a persuasive manner. Proven ability to develop and foster strong interpersonal relationships and to collaborate with cross-functional teams throughout the organization. Must be a member in good standing of a state bar, such as the Massachusetts Board of Bar Overseers and maintain good standing for all necessary license(s) and/or professional qualifications. At MFS, we are dedicated to building a diverse, inclusive and authentic workplace. If you are excited about this role but your past experience doesn't align perfectly, we encourage you to apply - you might be just the right candidate for this role or others. What We Offer
Generous time-off provided: including "Responsible time off" for many roles, paid company holidays when the US Stock Exchange is closed, plus paid volunteer time Family Focus: Up to 20 weeks of paid leave for new parents, back-up care program, dependent care flexible spending account, adoption assistance, generous caregiver leave Health and Welfare: Competitive medical, vision and dental plans, plus tax-free health savings accounts with company contributions Wellness Programs: Robust wellness webinars, employee assistance program, gym reimbursement through our medical plans, fitness center discounts and more Life & Disability Benefits: Company-paid basic life insurance and short-term disability Financial Benefits: 401(k) savings plan, Defined Contribution plan- 15% of base salary invested into the Plan, competitive total compensation programs MFS is a hybrid work environment (remote/onsite) unless otherwise stated in the job posting.
At MFS, you will find a culture that supports you in doing what you do best. Our employees work together to reach better outcomes, favoring the strongest idea over the strongest individual. We put people first and demonstrate care and compassion for our community and each other. Because what we do matters
to us as valued professionals and to the millions of people and institutions who rely on us to help them build more secure and prosperous futures. The Role
MFS Investment Management is seeking a broker-dealer attorney to join its Legal Department. The attorney's primary responsibilities will include providing advice to compliance and business units regarding federal securities laws and regulations, assisting in drafting and negotiating distribution and service agreements with intermediaries, assisting in providing legal support to the firm's registered transfer agent, and updating the firm's Forms BD and BR. What You Will Do
Provides advice on matters related to global distribution of domestic and offshore mutual funds by applying knowledge of U.S. and international securities laws and regulations including the 1940 Act, Exchange Act, Investment Advisers Act, and FINRA rules. Provides advice and counsel to MFS's limited-purpose broker-dealer on compliance with FINRA rules and other regulatory matters. Drafts and negotiates distribution and service agreements with domestic and international intermediaries including broker-dealers, banks, retirement plan recordkeepers, etc. Provides advice and counsel to MFS's registered transfer agent on related shareholder servicing and recordkeeping matters. Assists with the preparation of broker-dealer filings, primarily Forms BD and BR. Reviews and interprets statutes, rules and policies which are relevant to the regulatory functions of MFS, its corporate subsidiaries, clients and fund complexes and works with internal clients to meet their business objectives within the regulatory environment. Maintains awareness of best practices and evolving issues within the scope of the position, relates same to other departments within MFS, suggesting changes and modifications in practices and processes as necessary, and planning the implementation of same. Assumes additional responsibilities as requested. What We Are Looking For
Bachelor's Degree and Juris Doctorate Degree required. Must have at least 6-8 years of experience practicing law, preferably at a national law firm and/or comparable in-house position. Experience working in a global business in the legal specialty is preferred. Significant experience with domestic and offshore retail fund distribution matters and broker-dealer and transfer agent operations is highly preferred. Should have excellent written and verbal communication, have strong problem-solving skills, have a client-service orientation, and be highly organized and detail-oriented. Must be able to draft and write effectively, and present research, analysis, and conclusions in a persuasive manner. Proven ability to develop and foster strong interpersonal relationships and to collaborate with cross-functional teams throughout the organization. Must be a member in good standing of a state bar, such as the Massachusetts Board of Bar Overseers and maintain good standing for all necessary license(s) and/or professional qualifications. At MFS, we are dedicated to building a diverse, inclusive and authentic workplace. If you are excited about this role but your past experience doesn't align perfectly, we encourage you to apply - you might be just the right candidate for this role or others. What We Offer
Generous time-off provided: including "Responsible time off" for many roles, paid company holidays when the US Stock Exchange is closed, plus paid volunteer time Family Focus: Up to 20 weeks of paid leave for new parents, back-up care program, dependent care flexible spending account, adoption assistance, generous caregiver leave Health and Welfare: Competitive medical, vision and dental plans, plus tax-free health savings accounts with company contributions Wellness Programs: Robust wellness webinars, employee assistance program, gym reimbursement through our medical plans, fitness center discounts and more Life & Disability Benefits: Company-paid basic life insurance and short-term disability Financial Benefits: 401(k) savings plan, Defined Contribution plan- 15% of base salary invested into the Plan, competitive total compensation programs MFS is a hybrid work environment (remote/onsite) unless otherwise stated in the job posting.