At Franklin Templeton, everything we do is focused on one thing – delivering better client outcomes. We do that by partnering closely with our clients, assessing their strategic needs, and identifying the solution or solutions that can meet the challenge. Over 12,000 employees working in 34 countries around the world are dedicated to servicing investment solutions for our clients in more than 160 countries. For more than 70 years our success has been a direct result of the talent, skills and persistence of our people, and we are looking for qualified candidates to join our team.
What is the Sr. Legal Specialist in Legal group responsible for? 
  • In general, this position will be responsible for assisting one or more attorneys in carrying out the mission of the Legal Department. An individual in this position will be expected to develop subject matter expertise in one or more specific legal or regulatory areas and perform related tasks with minimal supervision. In addition, an individual in this position should have a solid understanding of the business area(s) he or she is serving, including its goals, function, procedures and operations
The Sr. Legal Specialist identified in this job description will be expected to support two primary areas:

Form N-1A (U.S. Fund registration statements) updates, other fund disclosure and new funds:
  • Form N-1A is used by open-end management investment companies (mutual funds) to register with the U.S. Securities Exchange Commission under the Investment Company Act of 1940 and to offer their shares under the Securities Act of 1933. The registration statement is designed to provide investors with information that will assist them in making a decision about investing in a fund. The disclosure portion of the registration statement is divided into a prospectus and statement of additional information (SAI). Once the fund is registered, the registration statement must be updated at least annually to reflect revised financial statements and whenever material changes occur. The Sr. Legal Specialist among other responsibilities will:
  • Serve as project manager for assigned existing and new fund registrations
  • Prepare, review and produce of fund registration statements and other disclosure documents (e.g., summary prospectus, prospectus, statement of additional information, proxies, supplements, shareholder reports, etc.) for assigned existing and new funds
  • Organize, maintain, and use database or other document management systems; implement procedures and revise as needed to keep current
  • Gather and analyze routine information necessary for regulatory or other purposes; answer routine questions from within and without company and make simple inquiries of regulators and others
  • Review prospectuses and other disclosure documents for sub-advised third party funds for assigned relationships
Form N-1A And Related Investment Company Filings:
  • In addition to registration statements, there are a number of related filings that must be made with the SEC through its electronic filing system (EDGAR)
Participate In Projects As Assigned By Supervisor:
  • Create and maintain fund and other legal files and records, and team policies and procedures; provide administrative support for attorneys as necessary
  • Work on special projects with paralegals and/or attorneys. Act as team leader for other non-exempt staff by assisting with basic training and support
What are the ongoing responsibilities of a Sr. Legal Specialist in Legal group?
Coordinate and process annual and new N-1A filings for registered funds (and/or classes):
  • Creating edition in content management system (ProofPlus)
  • Coordinate and participate in portfolio manager (PM) and other attorney meetings
  • Requesting appropriate documentation including N-1A data sheets, indirect fees, sub-advisor (if needed)
  • Research including next updates files, prospectus supplements, review board minutes, annual report, agreements
  • Reviewing, working through and updating documents based on approved fund counsel and other comments
  • Updating ProofPlus
  • Uploads of new funds into ProofPlus
  • Updating content in books including adding necessary rules to paragraphs
  • Rebuilding tables, updating manually for some tables
  • Updating footnotes
  • Revise tax sections from Fund Tax
  • Making necessary proofs and blacklines
  • Ensure that all “form” changes get incorporated in our Pro/SAI form documents to maintain language consistency
  • Review of documents (ongoing throughout N-1A update), sending for internal, fund counsel and PM. Make all necessary updates and also self-review of documents
  • Finalizing the documents and communicating with necessary parties
  • Add files to “hot folder” for posting to FT websites.
Monthly EDGAR Filings:
  • Prepare and file annual Form N-1A and related filings, including drafting wrap pages and letters, such as 485a, 485b, 497K, 497J and XBRL
  • File “financial” forms on SEC Publisher, as 24f-2 and 40-17f2
  • Review final file from financial publisher for certain forms (N-Q and N-CSR) 
  • Prepare and file other forms as needed 
  • Reorganizations (N-14)
  • New Funds (485(a))
  • Proxy (14A)
  • SEC Correspondence
Coordinate and process prospectus supplements (stickers):
  • Draft stickers before distributing to internal and external parties for review
  • Incorporating any comments that have been validated to be included in the sticker
  • Updating summary prospectus if required
  • Coordinating the typesetting process with Creative Services or PPM (depending on time constraints) to finalize sticker; if needed, consult with appropriate parties on who can insert the sticker if it needs to be mailed (is it going out via special mailing or included with SH Report or next quarterly asset summary statement) 
  • Insert sticker into Pro(s) and/or SAI(s) for posting on the website 
  • Troubleshoot any issues and if needed, submit an incident ticket if documents fail to post on the web
PM Assets Under Management (AUM) database maintenance and report generation:
  • Monthly and periodic maintenance on our database prior to generating PM AUM reports for annual SAI updates
  • Fulfill other departments requests for different portfolio managers’ AUM info (as well as other ancillary information – e.g., which PMs have performance-fee based accounts) often using as-of dates 
  • Periodic maintenance performed by sending over list of accounts with N/A $ entries to AUM Services to determine if they’ve been closed (not captured on the closed fund report)

 
What ideal qualifications, skills & experience would help someone to be successful?
  • Bachelor degree or Associate degree with an emphasis on Paralegal studies or equivalent work experience
  • About four years of relevant corporate experience.
  • Directly related experience in legal/compliance role for an asset management or financial services company a plus but not essential 
  • Previous job history and training demonstrate:
  • Excellent research, comprehension, analytical and decision making skills 
  • Excellent interpersonal skills; proven ability to inform and influence decision making
  • Excellent communication skills; in-depth experience in drafting, editing and proofreading detailed correspondence, documents, reports and complex legal forms
  • Professional skills necessary to independently manage multiple complex projects involving confidential and detailed information. 
Knowledge, skills and abilities:
  • Ability to work independently 
  • Knowledge of proper English usage, grammar, spelling, vocabulary and of generally accepted office practices, procedures and equipment 
  • Ability to communicate effectively both orally and in writing
  • Excellent research, comprehension, analytical, proofreading and decision making; pays close attention to detail
  • Professionally and confidently interact with all levels of internal and external contacts; establish and maintain productive working relationships, resolving conflicts and exchanging pertinent information to meet common objectives
  • Ability to remain flexible and work under pressure 
  • Advanced knowledge of business desktop applications (i.e., Microsoft Word, Excel, PowerPoint, Access & Project, Windows, Visio, etc.) required 
  • Excellent planning, project management and progress reporting skills
  • Ability to maintain confidentiality 
  • Ability to organize and prioritize workflow
  • Ability to maintain updated knowledge of procedures, products and activities of assigned area 
  • Ability to perform multiple tasks in a fast-paced, team environment 
  • Strong administrative and organizational skills and ability to accept responsibility for final work product
Problem Solving and Decision Making:
  • Works under very general supervision; work is reviewed for accuracy
  • Work is performed under general direction; participates in determining objectives of assignment; work is reviewed for adequacy in meeting objectives; manages own activities in accomplishing objectives
  • Solve problems of moderate scope and complexity, refers to policies and practices for guidance
  • Exercise discretion and judgment in independently determining best course of action within scope of delegated responsibilities
  • Initiate or recommend realistic solutions that are consistent with regulatory requirements and corporate guidelines and policies
  • Plan, schedule and arrange own activities to efficiently accomplish objectives of multiple assignments within required timelines, resolving conflicts as necessary to accomplish goals
Physical Requirements:
  • Work comfortably in an office setting using standard office equipment
  • Maintain a competent, professional image
What makes Franklin Templeton Investments unique?
In addition to the dynamic and professional environment at Franklin Templeton, we strive to ensure that our employees have access to a competitive and valuable set of Total Rewards —the mix of both monetary and non-monetary rewards provided to you in recognition for your time, talents, efforts, and results.
Highlights of our benefits include:  
  • Professional development growth opportunities through in-house classes and over 150 Web-based training courses  
  • An educational assistance program to financially help employees seeking continuing education  
  • Medical, Life, and Personal Accident Insurance benefit for employees. Medical insurance also covers employee’s dependents (spouses, children and dependent parents)  
  • Life Insurance for protection of employees families  
  • Personal accident insurance for protection of employees and their families   
  • Personal loan assistance  
  • Employee Stock Investment Plan (ESIP)  
  • Onsite fitness center, recreation center, and cafeteria  
  • Cricket grounds and gymnasium   
  • Library 
  • Health Center with doctor availability  
  • Tuition Assistance Program  
  • HDFC ATM on the campus  
Franklin Templeton Investments is an Equal Opportunity Employer. We invite you to visit us at http://www.franklintempletoncareers.com/ to learn more about our company and our career opportunities.    


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Senior Legal Specialist

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