State of Connecticut Executive Branch

Investment Counsel (3814VR)

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$0.01-$478.93 Hourly / $0.00-$0.00 BiWeekly /
$1.00-$999,999.00 Yearly

PURPOSE OF JOB CLASS (NATURE OF WORK)

In the Office of the State Treasurer this class is accountable for providing legal advice and representation in state investment transactions and investment programs.

GUIDELINES FOR JOB CLASS USE

This class is distinguished from Principal Investment Counsel by the complexity, variety, scope, and size of staff managed, all of which are greater in Principal Investment Counsel. 

SUPERVISION RECEIVED

Receives general direction from a Principal Investment Counsel.

EXAMPLES OF DUTIES

  • Reviews, structures, and negotiates investment transactions;
  • Drafts, reviews, and negotiates agreements and contracts for legal sufficiency;
  • Reviews and coordinates securities litigation efforts; 
  • Consults with the Office of the Attorney General on legal issues;
  • Researches legal issues;
  • Prepares quarterly reporting and individual case recommendations;
  • Monitors opportunities for recovery of investment losses and provides advice on foreign tax reclamations;
  • Interprets statutes and regulations related to private and public funds and investments;
  • May provide continuing legal education and securities law training; 
  • May provide legal counsel and advice;
  • Performs related duties as required. 

KNOWLEDGE, SKILL AND ABILITY

  • Knowledge of
    • legal principles, practices and procedures in Connecticut;
    • legal research techniques;
    • the Uniform Administrative Procedures Act;
    • relevant investment procedures, regulations and terminology;
    • and understanding of legal and contractual agreements;
    • and ability to interpret and apply relevant state and federal laws, statutes, regulations and legislation;
  • Skills
    • interpersonal skills;
    • oral and written communication skills;
  • Ability to
    • utilize computer software;
    • interpret legal documents;
    • apply judicial decisions to the interpretation of statutes;
    • comprehend, analyze and organize technical data and coordinate elements of investment transactions.

SPECIAL REQUIREMENTS

Incumbents in this class must be admitted to practice law in the State of Connecticut. 

Candidates may be considered if admitted to practice law in the State of Connecticut within one (1) year of the date of appointment. Pursuant to Section 51-88 of the Connecticut General Statutes, an incumbent who has not been admitted to practice law may not "assume, use or advertise the title of lawyer, attorney and counsel at law, counselor at law, attorney, counselor, attorney and counselor, or an equivalent term, in such a manner as to convey the impression that he is a legal practitioner of law". Until such time that an incumbent is admitted to practice law in the State of Connecticut, the incumbent shall be referred to as an Investment Law Associate.

APPOINTMENT

In accordance with Section 3-13a of the Connecticut General Statutes. 

COMPENSATION GUIDELINES

Compensation for this class shall be determined by the Treasurer within salary ranges established by the Treasurer in consultation with the Investment Advisory Council. 

JOB CLASS DESIGNATION

Unclassified

OCCUPATIONAL GROUP

(18)-Legal

BARGAINING UNIT

(1)-EXEMPT/ELEC/APPOINT

EEO

(2)-Professional

SALARY INFORMATION

VR 99

ACKNOWLEDGEMENT

As defined by Sec. 5-196 of the Connecticut General Statutes, a job class is a position or group of positions that share general characteristics and are categorized under a single title for administrative purposes.  As such, a job class is not meant to be all-inclusive of every task and/or responsibility.

CANCELLATION CLAUSE

New Class. Item No. 24-126

EFFECTIVE DATE

08/02/2024
CLASS: 3814VR; EST: 8/2/2024; REV: 8/5/2024;