Associate, Paralegal
AB CarVal is an established global alternative investment manager and part of AllianceBernstein’s Private Alternatives business. Since 1987, AB CarVal’s team has navigated through ever-changing credit market cycles, opportunistically investing $149 billion in 5,765 transactions across 82 countries. Today, AB CarVal has approximately $16 billion in assets under management in corporate securities, loan portfolios, structured credit and hard assets.
AB CarVal Investors is dedicated to attracting and retaining the industry’s best people across asset classes and geographies. AB CarVal is committed to diversity and inclusion, valuing the full range of life experiences, skills and qualities of our employees. We believe peak effectiveness comes from an engaged, talented, and diverse workforce.
The position is a member of the global Legal and Compliance team who are responsible for the firm’s legal and compliance matters related to the firm’s fund offerings and transactions, as well as general corporate matters including governance. The role will be responsible for working closely with the legal team to provide paralegal support to the lawyers and internal clients, including: 1) coordinating AML/KYC requests for companies formed and doing business in various jurisdictions around the world, 2) drafting, reviewing and processing various agreements and legal documents, 3) assisting with corporate secretarial duties, 4) coordinating the execution of legal documents, and 5) handling various other requests. This position will report to the Vice President, Senior Paralegal.
Principal Accountabilities
- Drafting, Reviewing and Processing Various Agreements and other Legal Documents (30%)
- Draft, review, advise internal clients and negotiate confidentiality agreements with third parties
- Coordinate the completion of confidentiality agreements with third parties
- Draft, review, and process, as appropriate, LLC agreements, amendments, joinder agreements, assignments, purchase and sale agreements, affidavits, and other legal documents, as requested
- Assisting with Corporate Secretary Activities (30%)
- Provide back-up support for the Senior Paralegal responsible for Corporate Secretarial oversight
- Draft Incumbency Certificates, board minutes, resolutions, and other corporate secretary documents, as requested
- File certificates of formation, cancellation, annual reports, etc., as requested
- Assist with CTA filings and management
- Handle paper annual meetings for various corporations
- Handle global signing authority updates
- Assist with committee work, as requested
- Coordination of Know Your Customer (KYC) and Anti Money Laundering (AML) requests (30%)
- Coordinate responses to due diligence and regulatory compliance (AML/KYC) inquiries from investors, counterparties, and internal contacts
- Draft Incumbency Certificates, Certifications, etc. related to AML/KYC requests
- Handle beneficial ownership form requests
- Assist with managing and updating KYC packets related to entities formed in various jurisdictions around the world
- Facilitate information exchange and gathering between internal and external contacts
- Manage process improvements and efficiencies within the processes
- Manage global KYC mailbox to execute KYC/AML requests in a timely manner
- Execution of Legal Documents and other Ad Hoc Legal Work (10%)
- Create and review signature and notary blocks to finalize documents
- As needed, on a back-up basis, execute original/wet signatures on legal documents
- As needed, on a back-up basis, obtain electronic signatures on business documents
- Coordinate with AB regarding vendor due diligence requests through ProcessUnity
- Other work as requested by the legal team
Qualifications:
Required
- Paralegal Certificate
- 2 - 5 year’s experience as a paralegal professional including at a law firm, investment management firm or other business primarily supporting investments and other transactional activities
- Demonstrated exceptional attention to detail and organizational skills
- Strong written and verbal communications skills
- Ability to interact with individuals at all levels across the organization
Preferred
- Bachelor’s Degree
- Notary Commission
- Experience working within an alternative asset management firm
Minneapolis, Minnesota
What We Do
AllianceBernstein (AB) is a leading global investment management firm that offers high-quality research and diversified investment services to institutional investors, individuals, and private wealth clients in major world markets. We are one of the largest investment management firms in the world, with more than $500 billion in assets under management. We foster a diverse, connected, collaborative culture that encourages different ways of thinking and differentiated insights. We embrace innovation to address increasingly complex investing challenges. And we pursue responsibility at all levels of the firm—from how we work and act to the solutions we design for clients.
