Legal Counsel - Asset Management

  • Phoenix Group
  • Dec 18, 2022
Full time Legal

Job Description

Legal Counsel - Asset Management "Job Details"

London, England, United Kingdom and 2 more

Job Type: Permanent

We have an incredible opportunity to join us here at Phoenix Group as a Legal Counsel to join our Asset Management Transactions team within General Counsel.

Who are we?

We want to be the best place that any of our colleagues have ever worked.

We are the UK's largest long-term savings and retirement business with c.13 million customers and c.£310 billion of assets under administration. As a market leader and FTSE 100 organisation, we understand that our scale and expertise means that we have a key role to play for our customers, colleagues and our communities to help as many people as possible secure a life of possibilities. We are tackling key environmental and social issues such as transitioning our portfolio to net zero by 2050 - but we're not done yet.

We've seen huge growth and change, and this means there is enormous opportunity for our 8,000 colleagues to grow alongside us.

You can expect to work in a hybrid manner with time spent working in the office and at home. We believe that work/life balance offers benefits for customers as well as ensuring that you can balance a successful career with your life outside of work. We will discuss flexibility, what is important to you and balancing this with business requirements during the recruitment process.



We want to hire the whole version of you.

We are committed to ensuring that everyone feels accepted and safe at work, and are proud to be an equal opportunity employer. Everyone is valued at Phoenix regardless of age, gender identity, neurodiversity, race, disability, sexual orientation, religion, ethnicity, socioeconomic background or anything else. Whether it's joining one of our internal employee networks, being an ally, taking positive action or simply being there to listen, everyone at Phoenix is valued and respected.

If you need any help or adjustments to the recruitment process due to health, disability or anything else, please let us know so we can help you to be the best version of yourself.

The role

Phoenix General Counsel provides dedicated legal support to the Asset Management Function Investment Management, Transactions and Investment Funds activities. This role is part of Phoenix General Counsel Team lead by the Head of Legal for Investment Management & Transactions. The team provides high quality legal advice and services relating to the management of external investment service providers, investment transactions and internal and external investment structures. The role requires management of a variety of legal tasks and management of legal risks and being an active member of the wider General Counsel function. Our lawyers are expected to take an active interest in the wider business and their stakeholders.

Key responsibilities

  • Drafting, negotiating, and advising on investment services agreements, investment management agreements and external fund link agreements for a variety of asset classes.
  • Provide legal advice on investment transactions and structures including holdings in third party investment vehicles and fund structures, including drafting, negotiating and legal management of documentation and external lawyers.
  • Acquisition and disposals of investment holdings including limited partnership investments in private equity and venture capital funds.
  • Advising the new instrument approval committee on legal regulatory governance and compliance requirements to invest in new products.
  • Provide support to senior lawyers in the General Counsel Function on investment related projects including M&A, BPA and Reinsurance transactions.
  • Management of external lawyers specialist legal support efficiently and within budget.
  • Provide high quality, commercial legal advice and develop internal business partner relationships.
  • Be an active team member of the wider GC function, proactively contributing to the GC Function's vision of a high performing, innovative and fulfilled team.

What are we looking for?

  • Qualified solicitor (regulated by either SRA or Law Society of Scotland) or other equivalent legal qualification.
  • Financial Services, Corporate M&A or Commercial Contracts background, either gained in-house or through private practice experience.

Why choose us?

Bring your 'whole self', skills and dedication to the Phoenix Group and we'll recognise your effort, support your development and help to drive your ambition. We'll ensure you're rewarded for your contribution with a competitive package that includes an attractive pension, annual bonus potential, private medical insurance, generous holiday entitlement, enhanced maternity and adoption leave and a range of other financial services and lifestyle flexible benefits.

Sound good? If you are ready to help us make Phoenix the best place you've ever worked, we'd love to hear from you.

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Asset Transition Manager (Internal Transitions)

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