Serve as a senior legal advisor to a registered investment adviser that sub‑advises private credit funds, including funds registered under the Investment Company Act of 1940
Provide primary legal support on matters arising under the Investment Advisers Act of 1940, including governance, disclosures, conflicts of interest, regulatory filings, examinations, and ongoing compliance matters
Advise on ’40 Act issues applicable to private credit fund structures, including regulatory status, exemptions, board and compliance matters, and interactions with fund counsel
Assist in the drafting, review, and updating of advisory agreements, engagement letters, offering materials, and required regulatory filings (including Form ADV and related disclosures)
Partner closely with compliance, risk management, and senior business leadership to develop and maintain policies, procedures, and practices designed to ensure compliance with the Advisers Act and the Investment Company Act
Represent PNC in interactions with regulators, external counsel, and counsel to counterparties
Exercise sound, independent judgment while managing matters autonomously with minimal supervision
May assist in supporting PNC’s capital markets advisory businesses and an exempt reporting adviser managing private equity funds, including advising on Advisers Act obligations applicable to ERAs

Typically six to ten years of legal experience advising registered investment advisers on Advisers Act matters, with demonstrated responsibility for complex regulatory and transactional work.
Based on work experience, deep expertise in a highly specialized area of investment adviser or ’40 Act regulation may substitute for fewer overall years of experience
Strong, practical understanding of the Investment Advisers Act of 1940 and its application to RIAs, private funds, and sub‑advisory arrangements
Meaningful experience with the Investment Company Act of 1940, including registered funds or hybrid/private credit structures, is strongly preferred
Familiarity with SEC regulatory processes and examinations; experience working at or with the SEC, an RIA, or an investment management firm is desirable
Knowledge of broker‑dealer regulation and FINRA rules is helpful but not required
J.D. (or equivalent) from an accredited law school
Admission in good standing to practice law in at least one U.S. jurisdiction
Demonstrated sound judgment, strong analytical capabilities, and excellent interpersonal, oral, and written communication skills.

medical/prescription drug coverage (with a Health Savings Account feature)
dental and vision options
employee and spouse/child life insurance
short and long-term disability protection
401(k) with PNC match
pension and stock purchase plans
dependent care reimbursement account
back-up child/elder care
adoption, surrogacy, and doula reimbursement
educational assistance, including select programs fully paid
a robust wellness program with financial incentives
maternity and/or parental leave
up to 11 paid holidays each year
9 occasional absence days each year, unless otherwise required by law
between 15 to 25 vacation days each year, depending on career level; and years of service

Senior Counsel

Key skills