Senior Counsel

Posted 3hrs ago

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Job Description

Senior Counsel advising Empower’s defined contribution and Taft-Hartley retirement businesses. Guiding product, operational and regulatory strategy across financial services teams.

Responsibilities:

  • Serve as principal legal advisor for Empower's defined contribution and multiemployer (Taft-Hartley) business
  • Advise on complex ERISA, tax, fiduciary, administrative, operational, compliance and regulatory matters
  • Support product enhancements, operational improvements, strategic initiatives and client solutions
  • Advise on retirement and employee benefit product and service development, enhancement and administration
  • Partner with Product, Operations, Client Service, Sales, Investments, Marketing, Compliance, Risk Management, Finance, Technology and other functions
  • Develop legal frameworks, governance processes and compliance practices
  • Advise on defined contribution plan qualification, design, administration, funding, freezes, mergers, spin-offs and terminations
  • Provide legal guidance for recordkeeping, trust and custody, administrative, participant and investment-related services
  • Support health and welfare plans and consumer-directed healthcare arrangements
  • Advise on correction matters, including IRS EPCRS and Department of Labor correction programs
  • Monitor legislative, regulatory and industry developments and translate requirements into practical guidance
  • Support negotiations involving retirement plan services and related commercial arrangements
  • Lead complex cross-functional initiatives
  • Build collaborative relationships and influence decisions across a matrixed organization
  • Balance legal, regulatory, operational and business considerations to achieve practical outcomes

Requirements:

  • Juris Doctor from an accredited law school
  • Active license to practice law
  • 5-7+ years of relevant legal experience
  • Recognized expertise advising on defined contribution plans and multiemployer (Taft-Hartley) plans
  • Experience with plan qualification, contributions, administration, fiduciary matters, operational compliance, correction programs, ERISA and tax issues
  • Experience advising on multiple employer plans (MEP) and pooled employer plans (PEP), including plans sponsored by a professional employer organization (PEO)
  • Knowledge of ERISA, the Internal Revenue Code, Treasury regulations, IRS and Department of Labor guidance, and other retirement and employee benefit laws
  • Ability to translate complex legal requirements into practical, business-focused advice
  • Experience partnering with business leaders across multiple business functions
  • Strong judgment and collaborative, solutions-oriented approach
  • Excellent written and verbal communication skills
  • Applicants must be authorized to work for any employer in the U.S.; no employment visa sponsorship, including CPT/OPT

Benefits:

  • Medical, dental, vision and life insurance
  • 401(k) plan with generous company matching contributions up to 6%
  • Financial advisory services
  • Potential company discretionary retirement contribution
  • Broad investment lineup
  • Tuition reimbursement up to $5,250/year
  • Business-casual environment with option to wear jeans
  • Generous paid time off upon hire
  • Ten paid company holidays and three floating holidays each calendar year
  • Paid volunteer time — 16 hours per calendar year
  • Paid parental leave
  • Paid short- and long-term disability
  • Family and Medical Leave (FMLA)
  • Business Resource Groups (BRGs)
  • Flexible work environment
  • Reliable high-speed internet and wired connection required for remote work
  • Necessary computer equipment provided