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Counsel, Global Wealth Management Distribution
$172k-213k (estimate)
Full Time 4 Months Ago
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Ares Operations LLC is Hiring a Counsel, Global Wealth Management Distribution Near New York, NY

Over the last 20 years, Ares’ success has been driven by our people and our culture. Today, our team is guided by our core values – Collaborative, Responsible, Entrepreneurial, Self-Aware, Trustworthy – and our purpose to be a catalyst for shared prosperity and a better future. Through our recruitment, career development and employee-focused programming, we are committed to fostering a welcoming and inclusive work environment where high-performance talent of diverse backgrounds, experiences, and perspectives can build careers within this exciting and growing industry. Job Description Ares Management Corporation (NYSE: ARES) is looking to hire an attorney to join its existing Legal team of [50 ] attorneys and other legal professionals. The position will be in either New York [or possibly Washington D.C.] and report to the Global Head of Wealth Management Distribution at Ares. The Associate Vice President, Counsel - Global Wealth Management Distribution, will be responsible for assisting the Global Head of Wealth Management Distribution to prove comprehensive legal support for the Ares Wealth Management Solutions (AWMS) business, including actively participating in the global expansion of the AWMS business (existing and new products), leading retail product development and managing regulatory affairs across many distinct markets, jurisdictions investment strategies and product structures. The Ares Legal team is responsible for advising on a wide range of legal matters as the Ares Legal team guides Ares' business through an evolving and complex financial, legal, and regulatory environment across the multiple jurisdictions in which we operate. The ideal candidate will work with directly with senior management of Ares’ Wealth Management Solutions, as well as Public Investor Relations, Communications and Compliance and Regulatory departments. Experience with legal matters related to the distribution of alternative investment management products is strongly preferred, as well as experience advising on associated broker dealer and regulatory issues. This role is a great opportunity to be part of a team-oriented legal group and work at one of the largest alternative investment managers in a fast-paced, dynamic environment. Primary Functions & Responsibilities Support global retail product development including origination, structuring and regulatory affairs across many distinct markets, jurisdictions investment strategies and product structures Actively participate in the global expansion of the AWMS business (existing and new products), including the numerous commercial and legal considerations surrounding growth, positioning and risk management Provide advice and counsel to business and functional the AWMS business related to rules and regulations and overall strategic objectives for the wealth management distribution channel Assist in advising on a range of contractual negotiations and agreements between banks, wealth management firms (of all sizes and in all markets) and Ares to distribute fund offerings to individual investors Assist in advising on FINRA and other similar governing body issues associated with distribution of complex, non-traded products in the U.S. Coordinate with internal fund counsel on diligence responses with both home offices and internal product management personnel Coordinate with Compliance and Regulatory teams in connection with advice relating to sales literature and marketing developed for products and distribution efforts in the wealth management channel Assist with legal issues that arise related to Ares AWMS Operations team, and applicable transfer agent issues associated with Ares’ wealth management-focused funds Assist in advising on the management of the broker-dealer activities within Ares, including sales practices, broker-dealer legal inquiries, marketing materials and regulatory reviews Work closely with external counsel for in-scope Ares funds and that support Ares’ global distribution business Work closely with key internal and external stakeholders, including regulatory/governing bodies, to ensure positive relationships are maintained and that Ares’ approach is both proactive and creative, acting in full compliance with all requirements Qualifications Education: JD required with a strong academic background Experience Required: 4-8-year lawyer, with prior law firm experience and either currently at a law firm or in-house Emphasis on exposure to wealth management-focused alternative investment products and base of securities-related exposure including working knowledge of broker-dealer and ’40 Act issues Experience with international wealth management businesses are ideal General Requirements: Superior communication skills and a demonstrated ability to create content to specified audience Strong client service orientation Excellent time management skills and ability to collaborate with others Outstanding leadership and project management capabilities Outstanding organizational skills with attention to detail Ability to successfully manage multiple priorities and competing demands; result oriented A solutions-oriented self-starter with the ability to see the big picture A proficient issue spotter who sees through the complexity and is a creative problem-solver Ability to thoughtfully balance the legal and commercial aspects of an issue An analytical mind and a passion/interest in embracing new issues quickly and responsively and ability to develop subject matter expertise Reporting Relationships Compensation The anticipated base salary range for this position is listed below. Total compensation may also include a discretionary performance-based bonus. Note, the range takes into account a broad spectrum of qualifications, including, but not limited to, years of relevant work experience, education, and other relevant qualifications specific to the role. $200,000 to $250,000 The firm also offers robust Benefits offerings. Ares U.S. Core Benefits include Comprehensive Medical/Rx, Dental and Vision plans; 401(k) program with company match; Flexible Savings Accounts (FSA); Healthcare Savings Accounts (HSA) with company contribution; Basic and Voluntary Life Insurance; Long-Term Disability (LTD) and Short-Term Disability (STD) insurance; Employee Assistance Program (EAP), and Commuter Benefits plan for parking and transit. Ares offers a number of additional benefits including access to a world-class medical advisory team, a mental health app that includes coaching, therapy and psychiatry, a mindfulness and wellbeing app, financial wellness benefit that includes access to a financial advisor, new parent leave, reproductive and adoption assistance, emergency backup care, matching gift program, education sponsorship program, and much more. There is no set deadline to apply for this job opportunity. Applications will be accepted on an ongoing basis until the search is no longer active. Ares Management Corporation (NYSE: ARES) is a leading global alternative investment manager offering clients complementary primary and secondary investment solutions across the credit, private equity, real estate and infrastructure asset classes. We seek to provide flexible capital to support businesses and create value for our stakeholders and within our communities. By collaborating across our investment groups, we aim to generate consistent and attractive investment returns throughout market cycles. As of September 30, 2023, Ares Management's global platform had approximately $395 billion of assets under management(1) with more than 2,800 employees operating across North America, Europe, Asia Pacific and the Middle East. For more information, please visit www.aresmgmt.com. Ares Management LLC (together with its related operating and administrative subsidiaries, “Ares Management”) is an Equal Employment Opportunity employer and considers all applicants for employment without regard to race, color, religion, ethnicity, creed, sex, age, national origin, alienage or citizenship status, disability, medical condition, pregnancy, marital status, partnership status, sexual orientation, status regarding public assistance, military or veteran status, domestic violence victim status, gender identity and expression, transgender status, genetic information, status as unemployed, political affiliation or any other characteristic protected by federal, state or local law. Ares Management will consider for employment qualified applicants with criminal histories in a manner consistent with the requirements of the Fair Chance Initiative for Hiring Ordinance. (1) As of September 30, 2023. AUM amounts include funds managed by Ivy Hill Asset Management, LP., a wholly owned portfolio company of Ares Capital Corporation and registered investment adviser.

Job Summary

JOB TYPE

Full Time

SALARY

$172k-213k (estimate)

POST DATE

01/20/2024

EXPIRATION DATE

05/16/2024

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