Senior Counsel, Asset Management

PTMA Financial Solutions, provides treasury management, liquidity management, and other financial products and services to the public sector. In addition to more than 12,000 local governments, school districts and other public entities, we also partner with over 1,000 financial institutions to help strengthen communities from coast to coast. Our family of financial services companies offers local government investment pool administration, investment advisory services, term investments, cashflow analysis, bond proceeds management, and public finance services for public entitiesplusstable deposit funding solutions for financial institutions.

Our financial expertise, comprehensive products, and advanced technology help clients achieve more today for a better tomorrow. The firm’s primary operational hubs are in Denver, Colorado, and Naperville, Illinois, with other offices throughout the United States.

• Draft, review, and maintain all fund agreements for the LGIPs and programs PTMA advises, including trust agreements, intergovernmental and joint powers agreements, participant agreements, and investment advisory agreements.
• Prepare, update, and coordinate the annual and interim review of information statements, offering documents, and related participant disclosures to ensure they are accurate, complete, and consistent with current operations.
• Work with the business and compliance to draft and review investment policies, investment guidelines, and operating procedures for the pools, including provisions modeled on Rule 2a-7 credit quality, maturity, liquidity, and diversification standards.
• Work with the business on board materials, legal summaries, and attending meetings as needed.
• Monitor state statutes governing public funds investment and LGIPs, and advise the business on changes that affect pool documents or operations.

• Draft, review, and negotiate agreements supporting the LGIPs and products offered outside of the pools, including custody agreements, trading and brokerage agreements, master repurchase agreements, tri-party repo agreements, fund administration, transfer agency, and other service provider agreements.
• Review client investment management and advisory agreements for separately managed accounts and other non-pool products.
• Maintain a contract inventory and track renewal, termination, and amendment dates for key agreements.

• Serve as the primary point of contact for outside counsel to the funds, coordinating assignments, reviewing work product, and managing timelines.
• Coordinate with outside counsel, auditors, rating agencies, and other third parties on document updates, rating reviews, and regulatory matters affecting the pools.

• Provide practical legal advice to portfolio management, client service, operations, and business development teams on matters arising under the Investment Advisers Act of 1940 and related SEC rules.
• Partner with the Compliance Department on Form ADV, the SEC Marketing Rule, custody, code of ethics, books and records, and other advisory compliance matters.
• Review marketing materials, RFP responses, and client communications for legal and regulatory considerations.
• Assist with regulatory examinations, inquiries, and requests from the SEC and state regulators.
• Research legal and regulatory developments affecting the investment advisory business and communicate their impact to management.
• Perform other legal duties as assigned by the Chief Legal Officer.

• In depth knowledge of the Investment Advisers Act of 1940 and the rules adopted under it.
• Strong understanding of fund documentation,…