Oregon State Treasury is recruiting for the position of Assistant General Counsel. The primary purpose of this position is to perform authorized legal work for Oregon State Treasury, overseeing a broad range of investment issues and transactions. The incumbent ensures that investment activity undertaken by Investment Division staff complies with applicable laws and policies, is charged with engaging management to formulate responses to issues and problems as they arise, and supports the efforts of the Oregon Investment Council and the State Treasurer to fulfill their fiduciary duties. This position involves the practice of law as a Special Assistant Attorney General, pursuant to an interagency agreement (the Interagency Agreement) with the Oregon Department of Justice (DOJ).
The salary range for this position is $113,820- $184,932 annually. This position is based out of our Tigard office. Our top priorities during this public health crisis are employee health and ability to meet our essential responsibilities. We are taking safety precautions while continuing our business operations in order to keep employees safe and prevent the spread of COVID-19.
Oregon State Treasury (OST) is led by Tobias Read, State Treasurer, a constitutional officer and statewide elected official. OST is an organization with a wide range of financial responsibilities, including managing the state's pension fund, issuing all state debt, and serving as the central bank for state agencies. OST manages the daily investment of approximately $100 billion in assets, held in a diversified investment portfolio of domestic and international equities, fixed income securities, alternative and opportunistic investments, real estate, private equity and cash equivalents. OST also manages a banking program that processes over $250 billion in transactions annually, and a debt management program responsible for issuing and monitoring approximately $10 billion in state debt. The 150+ member OST staff takes great pride in their statewide and national reputation for progressive approaches to service delivery.
We are committed to cultivating a culture that is diverse, inclusive, and respectful. We value and support the collective differences in who we are, it is what makes us stronger, and it helps us learn and grow. We celebrate the fact that everyone comes to the table with individual differences – shaped by backgrounds, experiences, cultures, thoughts, and ideas. We are devoted to prioritizing equity and addressing racial disparities, as well as ensuring a safe and accessible working environment for all. We believe all of this empowers our success and makes Oregon State Treasury an excellent place to work.
Provides general transactional legal and regulatory advice to Treasury personnel and business teams across all portfolios in the Investment Division and the Oregon Savings Network, consistent with the Interagency Agreement.
Assists with state law issues within the scope of the Interagency Agreement regarding procurement, public records, and other state law matters.
Participates in legal negotiation of the Investment Division’s investment transactions, working with outside counsel as needed.
Reviews, revises and negotiates transaction documents.
Performs side letter reviews; and maintains and updates standard side letter provisions.
Assists with corporate governance activities for special purpose investment vehicles, in coordination with the paralegal and outside counsel.
Monitors industry best practices and implements, or suggests implementation, where appropriate.
Assists with securities, regulatory and tax compliance matters, in conjunction with OST compliance professionals and outside counsel, as needed.
Coordinates with DOJ, as needed and in a manner consistent with the Interagency Agreement.
Plans, assigns and approves work of support staff, including the Paralegal.
Benefits of Joining OST
Employee premium share at 5% or 1%, for medical, dental, vision, and basic employee life;
Paid leaves, such as vacation, personal business, holidays, sick leave, and special holiday leave;
Participation in the Public Employees Retirement System (PERS);
Support with training and development so employees have the tools they need to reach their fullest potential;
Employees may be eligible to receive loan forgiveness under the Public Service Loan Forgiveness Program (PSLF);
Optional benefits include optional life, short & long term disability, accidental death and dismemberment, Oregon Savings Growth Plan (deferred compensation plan), flexible spending accounts, long term care insurance, employee assistance program, weight watchers, and more!
How to Apply
In order to apply and be considered for this position, you are required to upload your resume, and a cover letter describing your experience as a transactional attorney and experience practicing securities law. Please also include the context and type of investment transactions.
Prospective employees are subject to an extensive background check that may include, but not be limited to, validation of all application materials, prior employment and personal references, credit history, driving records and fingerprint-based state and federal criminal and civil records. Adverse background data may be grounds for immediate disqualification.
OST does not offer visa sponsorships, and within three days of hire, the successful candidate will be required to complete the U.S. Department of Homeland Security form I-9, confirming authorization to work in the United States.
Eligible veterans who meet the qualifications will be given veterans' preference. To receive preference you MUST attach appropriate documentation as outlined by the Department of Administrative Services at the following website: Veterans Resources. You may also call the Oregon Department of Veterans' Affairs at 1-800-692-9666
OST is an equal opportunity, affirmative action employer committed to a diverse workforce.
You must have the following to qualify for this position:
Juris Doctorate degree;
Seven years’ experience as a practicing attorney; and
Either a licensed member of the Oregon State Bar or eligible for bar admission in Oregon. Oregon’s reciprocity and admission rules are located at osbar.org.
Experience in investment transactions and securities compliance, with some combination of law firm and in-house experience preferred.
Five years’ experience with securities and investment transactions.
Experience representing a governmental pension plan in investment-related matters or other governmental transactional experience.
Demonstrated ability to analyze and communicate complex legal issues to various audiences.
Demonstrated negotiation and transaction management skills.
Eager to participate as a team player.
Comfortable with change.
Enjoys collaborative problem solving.
Commitment to public service.
Excellent oral communication and writing skills.
Focus on client service.
Excellent interpersonal skills, including with a wide cross section of people.
About Oregon State Treasury
Oregon State Treasury is focused on improving the financial well-being of all Oregonians. We provide low-cost programs for governments, and empower Oregonians to invest in themselves and their loved ones for a more secure future.