Soros Fund Management LLC is a privately owned investment management firm and the principal investment advisor to George Soros, his Foundations, and some family members. The firm headquarters are in New York and SFM has offices in London, Dublin and Hong Kong. The firm has approximately 230 employees, of which approximately a third are investment professionals directly investing in or overseeing indirect investments in hedge fund and private equity strategies. Total assets under management are approximately $25 billion.
The General Counsel will serve as a trusted counselor to the CIO and senior leadership across the firm. This individual will be responsible for overseeing all of the legal and compliance matters The current team consists of 15 members globally, including corporate and investment counsel, compliance professionals, and transaction structuring staff.
- Oversee and be responsible for all of SFM’s legal, regulatory and compliance affairs globally.
- Guide the philosophy and strategy of the organization’s legal and regulatory matters, ensuring that practices, policies, and decisions are consistent with the firm's values, investment objectives, and operational controls and procedures.
- Remain accountable for the delivery of high quality legal and compliance services to the firm in support of its business objectives, including strategic and efficient utilization of both in house and external resources.
- Maintain a thorough understanding of the four high level lines of business: direct public market investing, external allocations, private equity, and private debt. Help the firm make smart risk and exposure decisions by having a thorough understanding of current legal and regulatory frame work and likely future trends that could impact the business.
- Continually assess the existing legal and compliance policies and procedures to ensure adherence to best practices, prevent lapses in compliance, and protect against violations and other actions that could impair SFM’s reputation and create exposure to legal liability. Eliminate all uncompensated complexity
- Provide leadership to the legal and compliance teams, including mentoring and recruiting top talent to the firm. Develop with Human Resources appropriate employee assessment and compensation for the team.
- Oversee litigation to which SFM may be a party.
- Ensure that all contracts to which SFM is a party properly reflect SFM interests and objectives.
Reports To: Chief Investment Officer
Other Key Relationships: SFM Leadership Team, Portfolio Managers, Open Society Foundations General Counsel, Open Society Foundations Investment Committee, Soros Family Members
The successful candidate must have a broad intellect and leadership presence as well as the ability to quickly gain the respect and trust of the firm. This high integrity individual will possess a combination of exceptional legal knowledge, commercial mindset, judgment, work ethic, and general management skills. S/he will treat all SFM leaders and employees as his/her client base. This individual must be able to operate strategically in certain contexts yet at the same time be able and willing to dive deep into the day-to-day issues facing the firm.
The successful candidate will possess the following qualifications:
- A minimum of fifteen (15) years of progressively responsible legal experience including general corporate, investment, and regulatory and compliance.
- Ideally, a distinguished track record of success at a top-tier law firm combined with in-house service at one or more world-class investment management firms of at least comparable size and complexity to SFM.
- Demonstrated business acumen to integrate legal and business issues and ensure economic incentives are aligned. Help drive positive outcomes for SFM’s clients. Willing to share reasoned opinions and make hard decisions.
- Experience advising on and negotiating private equity and private credit transactions and deals involving structured investment vehicles.
- Extensive and diverse investment experience possibly including fund formation and management, regulatory and compliance issues, fund distribution arrangements, mergers and restructurings, tax matters, securities enforcement and litigation.
- Experience in attracting, retaining, and developing senior staff, including experience with succession planning and organizational development.
- Experience building, developing and leading a high performance team; ability to build a transparent, open and collaborative culture; focused on raising the bar with each team hire.
- Experience working with senior level business professionals, providing perspectives and sound judgment, maintaining the highest level of confidentiality and gaining trust from the organization at all levels.
- Excellent verbal and communication skills; listens and communicates effectively; empathetic; discreet; builds strong relationships; strong influencing skills; team player.
- Demonstrated work ethic, competitiveness and tenacity required to achieve top performance.
- Member of the New York Bar or member in good standing in another state or jurisdiction.
In all respects, needs to reflect SFM’s core values:
- Smart risk-taking
- Owner’s Mindset
Please apply here