• Investment Company Institute
  • Washington D.C., DC, USA
  • Oct 26, 2020
Full time Legal

Job Description

As the leading global association of mutual funds, ETFs, and other regulated funds, the Investment Company Institute (ICI) encourages adherence to high ethical standards, promotes public understanding, and works to advance the interests of funds, their shareholders, directors, and advisers.

The Independent Directors Council (IDC) supports investment company independent directors in fulfilling their responsibilities to represent the interests of fund shareholders. It promotes the highest standards of fund governance for the benefit and protection of fund shareholders. And it keeps fund directors informed about issues that affect their ability to fulfill their responsibilities while adapting to the rapidly changing financial services landscape.

Under the direction of the Managing Director, this position is responsible for representing IDC, ICI, independent directors, and the investment company industry on matters relating to fund governance and the role of fund independent directors. Manages, as assigned, governance matters, educational/engagement programming, policy issues, and other matters of interest to fund directors.

Essential functions of this role include:
Policy and Regulatory Matters
• Analyzes and develops communications on policy proposals impacting fund governance from the Securities and Exchange Commission and other regulatory bodies.
• Develops and drafts advocacy positions on regulatory and policy matters reflecting the perspective of independent directors.
• Represents IDC before policymakers on matters and initiatives as assigned.

Education and Engagement
• Develops, coordinates, and manages educational content and programs for the director community.
• Develops, coordinates, and manages programs and opportunities to foster engagement among independent directors.
• Assists in preparation of agendas and programs for a broad range of IDC meetings and events, including committee meetings, engagement events, and educational sessions.
• Assists in development of IDC conferences, workshops, webinars, peer-to-peer meetings and discussions, and other director events.

Director/Member Communications
• Communicates industry developments to members and others through regular newsletters, memoranda, approved social media platforms, and other means of communication.
• Drafts and develops specialized communications for fund directors and the public about IDC and the role of independent directors.
• Informs the independent director community through updates and presentations.

Coordination with Other ICI Staff
• Collaborates regularly and effectively with other Institute staff, especially the ICI legal department, on matters of common interest.
• Works with the Public Communications staff to develop informative and accurate public communications, including press releases and other public statements, on key issues.
• Helps to coordinate IDC’s activities generally with ICI’s legal, research, government affairs, operations and public communications functions.

If you have the following credentials, we encourage you to apply:
• J.D. degree and member of a state bar.
• Minimum 7 years relevant experience in government, trade associations, and/or in house or outside counsel, with knowledge of fund industry/operations and educational/engagement programming experience.
• Solid knowledge of federal securities laws and regulations, including the Investment Company Act of 1940, the Investment Advisers Act of 1940, the Securities Act of 1933, the Securities Exchange Act of 1934, and applicable FINRA rules, as well as other financial services laws and regulations affecting investment companies.
• Understanding of the operations of investment companies and their service providers, including those of mutual funds, closed-end funds, ETFs, UITs, and variable products.
• Understanding of government and regulatory environment and processes.
• Ability to identify and develop content and programming of interest to a range of audiences.
• High capacity for critical legal and factual analysis (knowledge of relevant laws, grasp of business and other issues, soundness, thoroughness, marshalling of information, organization of data).
• Strong and sound problem-solving ability and judgment.
• Strong verbal and clear writing skills.
• Ability to advocate positions, obtain consensus, and influence outcomes as appropriate.
• Team player with an ability to develop trust-based working relationships and commitment to work collaboratively with other IDC/ICI staff.
• Ability to effectively plan and prioritize in a timely manner with strong project management skills.
• Ability to travel.

ICI offers competitive pay, excellent benefits to include a comprehensive medical plan, generous 401(k) retirement savings plan, paid leave, commuting subsidies, and tuition reimbursement as well as training and development opportunities. Based in Washington, DC, ICI is conveniently located next to McPherson Square Metro station.

To be considered for the position, please provide your cover letter and resume.
ICI is an Equal Opportunity Employer that values diversity and inclusion in the workplace.

* Note: Position title and level is dependent on experience.