Legal & Corporate Secretariat
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Summary of Role


• In-house lawyer in Distribution and Product Team within CLG, led by the Head of Legal, Distribution and Product.

• Successful candidate likely to be from one of the leading London law firms that serve the asset management / funds industry, or with in-house asset management experience of equivalent quality

• Relevant experience: UK and Luxembourg (and other EU) authorised funds across a range of asset classes, including alternatives, institutional client / segregated mandates, related regulatory and distribution work.  

• Experience of structured investment products and derivatives (OTC and exchange-traded) useful but not essential

• Must be a good team player, have very high quality legal skills and be sufficiently confident with internal and external clients


Team Overview


CLG in London includes lawyers and compliance professionals who serve Schroders  asset and wealth management businesses in EMEA and globally across each of the Investment, Product, Distribution and Infrastructure Divisions of the firm. This role is within CLG’s Distribution and Product team which is focussed on the firm’s EMEA product range across a number of core and alternative asset classes.


Overview of role


• Product structuring advice for new products across core and alternative asset classes principally domiciled in European jurisdictions

• Advice on day to day legal and regulatory client/product documentation needs of Institutional and Intermediary businesses, Product Development, Fund Services and Distribution.

• Drafting all legal documentation associated with and ancillary to investment management agreements (IMAs), including side letters/amendments and other general commercial agreements such as delegation agreements, indemnities, subscription agreements, NDAs, letters of intent and any legal documentation associated with Schroders life policies and pensions management business.

• Drafting and reviewing all fund related documentation including trust deeds, prospectuses, shareholder letters and Key Investor Information Documents (KIIDs). 

• Drafting and negotiating service provider agreements (management, custody, transfer agency, administration, fund accounting, advisory). 

• Drafting and negotiating distribution agreements for both UK and other EU-based intermediary clients.

• Advising the Luxembourg and UK management companies on legal and regulatory issues.
• Advice on the application of CLG policies and standards

• Advisory involvement in regulatory projects, interpretation and implementation of new regulations and directives across the relevant areas of the firm.  Recent and current examples include PRIIPs, MiFID II, AIFMD, UCITS V, Solvency II, FATCA, CRS, EMIR, GDPR, and SFTR.

• Advice on the interpretation and application of current home state regulations (UK and Luxembourg) to the firm’s funds. 

• Advice on distribution compliance issues including cross-border marketing and the adoption of appropriate intra-business processes to ensure compliance with local regulations, and to offer solutions and mitigants depending on the distribution plan.

• Advice on correspondence with regulators on issues arising from the management, administration and distribution of our European funds globally (in particular in the UK, Luxembourg and Asia).

• Advice on regulatory approval processes to enable distribution of funds in new markets – e.g. the Middle East and Africa. 

• Advice on the registration of new  funds with overseas regulators in existing markets for local distribution purposes.

• Regulatory rule and risk analysis, mitigation and advice, applicable globally across the range of jurisdictions where the firm operates

Essential Skills


• Demonstrable post-qualification experience

• Excellent contract law knowledge, drafting skills and experience in client / service provider contract negotiation.

• Demonstrable knowledge of UCITS and AIF authorised fund products. 

• Excellent written and verbal communication.

• Excellent attention to detail and procedure.

• In-depth knowledge/experience of the investment management, funds / asset management industry.

• Good understanding of the legal and regulatory risks and Compliance processes associated with the financial services industry and FCA regulation.

• Strong interpersonal skills including the ability to liaise with staff at all levels to senior management level.

• Genuinely pro-active and keen to take responsibility.

• Strong organisational/prioritisation skills


Desirable Skills

• Strong private practice experience

• Fluency in additional languages (particularly European)

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