Law Clerk

Full Time
Toronto, ON, Canada
11 months ago

StepStone is a rapidly growing Global Private Markets firm who provides customized investment and advisory solutions to some of the most sophisticated investors in the world. With $640 billion of total capital allocations, including $143 billion in AUM, we are highly diversified in the private markets across the globe and provide creative solutions to solve for the objectives of any investment program.  With a culture built on entrepreneurialism, partnership and being a team within teams, our firm offers joiners the opportunity to think out loud, collaboratively.

StepStone is a rapidly growing Global Private Markets firm who provides customized investment and advisory solutions to some of the most sophisticated investors in the world. With $570 billion of total capital allocations, including $134 billion in AUM, we are highly diversified in the private markets across the globe and provide creative solutions to solve for the objectives of any investment program. With a culture built on entrepreneurialism, partnership and being a team within teams, our firm offers joiners the opportunity to think out loud, collaboratively.

Position Overview:

You will be responsible for supporting asset management/investment and entity management matters and assisting attorneys within the StepStone Legal team, primarily supporting the Infrastructure & Real Assets asset class and secondarily the Real Estate asset class. You will also be involved in instituting best practices and improving processes and procedures with respect to various legal, compliance and operational initiatives. You will initially report into the Deputy General Counsel, Infrastructure & Real Assets and be an integral member of the StepStone Legal team.

Essential Job Functions:

  • Assist the Legal team in all phases of investment transactions from inception to closing, including coordination of communications within and outside the firm, document preparation, entity formation, closing mechanics and post-closing administration
  • Coordinate legal and regulatory review of private funds to be presented to investment committees; assist with due diligence and management of data rooms
  • Complete and review AML/KYC and FATCA/CRS profiles for firm-sponsored funds and firm clients/investors
  • Lead the process of completing subscription and related documents for private markets fund investments including co-investments, direct investments and secondary investments, including all related KYC and AML requests from counterparties; manage all communication between StepStone and the relevant counterparties
  • Negotiate confidentiality agreements
  • Review and complete documentation for transfers in firm-sponsored funds as well as investment transfers for warehousing or reallocation purposes
  • Organize and maintain legal closing documents and other corporate records
  • Organize and appropriately handle/file legal documents and sensitive, confidential information and ensure action/attention required is addressed
  • Gather data and compile various reports for legal team
  • Partner with attorneys with respect to invoice management and other legal operations matters
  • Work on special projects from time to time as appropriate and subject to availability (e.g. process efficiencies)

Education and/or Work Experience Requirements:

  • Undergraduate university degree is required
  • 2+ years’ prior paralegal and/or legal trainee and/or funds operational experience/and or law clerk experience is required, preferably with some portion relating to private markets (private equity, real estate private equity, infrastructure private equity, venture capital or hedge funds) either in a law firm, investment firm or asset management firm

Required Knowledge, Skills, and Abilities:

  • Possess excellent communication skills, both verbally and in written form; proficiency in the use of electronic document databases and filing systems software and other office equipment is required
  • Utilize effective time management skills to maintain a commitment to quality and attention to detail; ensure that all work is completed accurately and on time

Other Attributes:

  • Professionally communicate with all levels of staff, internal and external
  • Highly organized individual who is detail-oriented, logical, able to multi-task and committed to meeting deadlines with limited supervision
  • Strong process improvement orientation; project management skill sets
  • High level reasoning and ability to make common sense decisions tempered by knowledge, often under difficult time constraints
  • Foster a sense of teamwork, assisting others when needed/required; work collaboratively with paralegals/attorneys supporting other asset classes to share best practices
  • Flourish in a challenging, fast-paced, and professional environment with frequent shifts in priorities as business needs dictate
  • Have a strong sense of integrity, behaving consistently with expressed values and ethical principles of StepStone
  • Focus on specific goals and demonstrate a sense of personal growth, accountability and urgency for achieving results

About us

Working out of 26 offices in 15 countries, StepStone has a truly global viewpoint.  As people are our biggest asset, we offer resources to help our employees reach their full potential.  Our principles are based on integrity, transparency, respect and creativity, which together define how we do business.  

Join us

When you choose to work at StepStone, you'll find a group of professionals who are passionate about anticipating changes, solving problems and working together to make it all happen. Our integrated global team shares insights into how managers think and operate, as well as how they might perform.  

StepStone offers a competitive compensation package including salary and incentive compensation for all full time hires, as well as a comprehensive benefits package.

Benefits

We offer a range of benefits which include comprehensive healthcare, strong retirement plan, a mental health well-being program, paid time off, student loan repayment program for our US office locations, and several wellness initiatives.

Disclaimer / Policy Statements

At StepStone, diversity, equity and inclusion are an integral part of our culture. We are an Equal Opportunity Employer that strives to create an inclusive environment that empowers our employees and allows them to be heard, regardless of title or tenure.  Our organizational community features multiple Employment Resource Groups representing our dedication to Diversity, Equity & Inclusion.  

As an Equal Opportunity Employer, StepStone does not discriminate on the basis of race, creed, color, religion, sex, national origin, citizenship status, age, disability, marital status, sexual orientation, gender identity, gender expression, genetic information or any other characteristic protected by law.

Developing People at StepStone

#LI-Hybrid