Deputy General Counsel

Company:Oregon State Treasury

Salary Range of $117,924 - $182,712 Annually Depending on Experience

Oregon State Treasury (OST) is recruiting for a Deputy General Counsel position that will be located in our Tigard, Oregon office in the Portland metro area. This position will report to the General Counsel.

OST is led by the State Treasurer, a constitutional officer and statewide elected official. The Treasurer serves as the chief financial officer for the state and is responsible for the prudent financial management of state money. The Treasurer serves a four-year term, and, if reelected, may hold the position for two terms. The current State Treasurer is Tobias Read, who was sworn into office in January 2017.

OST is a highly sophisticated organization with a wide range of financial responsibilities, including (1) managing the state’s pension fund, (2) issuing all state debt, and (3) serving as the central bank for state agencies. OST manages the daily investment of nearly $90 billion in assets, held in a diversified investment portfolio of domestic and international equities, fixed income securities, alternative and opportunistic investments, real estate and cash. The 120+ member OST staff takes great pride in their statewide and national reputation for progressive approaches to service delivery.

The Investment Division is responsible for the productive and prudent investment of State of Oregon funds enumerated in statute, and entrusted to the Oregon Investment Council (OIC) and the State Treasurer for management. Investments include trust funds, constitutional bond funds, those funds not necessary to meet current state or local demands, and excess funds (state and local). OST executes investment policies established by the OIC. OST’s Legal and Compliance Division consists of personnel performing two separate and distinct functions. Attorneys and legal staff perform authorized legal work for OST. Separately, compliance personnel monitor and evaluate compliance with applicable policies, procedures, and contractual obligations. The Legal and Compliance Division supports the investment function but is independent of and autonomous from the Investment Division.

The position is responsible for performing authorized legal work for OST, overseeing a broad range of investment-related legal issues and transactions. The position ensures that investment activity undertaken by Investment Division staff complies with applicable laws and policies. This position is charged with engaging management to formulate responses to issues and problems as they arise. The position supports the efforts of the OIC and the State Treasurer to fulfill their fiduciary duties. This position requires strong analytical skills and an extensive knowledge of applicable legal principles and concepts to carry out the foregoing functions that, absent this position, would be performed by outside counsel or the General Counsel. This position involves the practice of law as a Special Assistant Attorney General, pursuant to an interagency agreement with the Oregon Department of Justice.

OST offers an attractive benefit package that provides contributions toward Public Employee Benefit Board (PEBB) sponsored individual and family health and dental insurance and term life insurance. Other benefits include participation in the Oregon Public Service Retirement Plan (OPSRP), paid holidays and paid vacation, and both sick and personal leave time. Optional benefits include long- and short-term disability and participation in the Oregon Savings Growth Plan (a deferred compensation plan).

PUBLIC SERVICE LOAN FORGIVENESS PROGRAM: If you are employed by a government or not-for-profit organization, you may be able to receive loan forgiveness under the Public Service Loan Forgiveness Program (PSLF). Learn more to see whether you qualify at PSLF Program .

What you’ll be doing….

Providing general transactional legal and regulatory advice to OST personnel and business teams across all portfolios in the Investment Division.
Participating in the legal negotiation of the Investment Division’s investment transactions, working with outside counsel as needed.
Reviewing, revising and negotiating transaction documents.
Performing side letter reviews (as well as maintaining and updating standard side letter provisions)
Assisting with matters relating to real estate holdings, in coordination with the paralegal and outside counsel.
Monitoring industry best practices and implementing, or suggesting implementation of such practices, where appropriate.
Overseeing securities, regulatory and tax compliance matters, in conjunction with outside counsel as needed.
Advising on applicable state law.
Coordinating with the Oregon Department of Justice, as needed.
Assisting in the leadership of OST’s Legal and Compliance Division (including supervising the Legal and Compliance Division’s paralegal and administrative staff).

What we are looking for…

Demonstrated ability to analyze and communicate complex legal issues to various audiences.
Prior supervisory experience.
Eager to participate as a team player.
Enjoys collaborative problem solving.
Comfortable with change.
Demonstrated negotiation and transaction management skills.
Commitment to public service.
Excellent oral communication and writing skills.
Ability to get along with a wide cross section of people.
Focus on client service.

What we want…

A Juris Doctorate Degree is required.
A minimum of seven (7) years’ experience as a practicing attorney is required, with a minimum of eight (8) years’ experience in transactional law highly preferred.
A minimum of five (5) years’ experience with securities and investment transactions is highly preferred.
Experience representing a governmental pension plan in investment-related matters is helpful.


Apply using the State of Oregon on-line recruitment system (link below):

Apply using the State of Oregon on-line recruitment system (link below):

The on-line recruitment program will require you to:

1) Complete the application
2) Upload your resume
3) Upload a cover letter that describes your experience, education and training related to the desired attributes listed below (no more than three pages in length):
• Discuss your experience as a transactional attorney.
• Discuss your experience practicing securities law. In what context? Working on investment transactions? What kinds of transactions?
• Discuss your experience supervising staff. Provide the scope of responsibility, the number of years and size of staff.

This recruitment will be used to fill one current vacancy. This is a management service position.

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 Justice 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