Description:
At BNY, our culture empowers you to grow and succeed. As a leading global financial services company at the center of the world's financial system we touch nearly 20% of the world's investible assets. Every day around the globe, our 50,000+ employees bring the power of their perspective to the table to create solutions with our clients that benefit businesses, communities and people everywhere.We continue to be a leader in the industry, awarded as a top home for innovators and for creating an inclusive workplace. Through our unique ideas and talents, together we help make money work for the world. This is what #LifeAtBNY is all about.
We're seeking a future team member for the role of Senior Vice-President/Counsel to join our Global Markets and Treasury Services Team in our Legal Department. The attorney who fills this role will be expected to contribute as part of a larger team (located across BNY's U.S. offices) and to independently advise business colleagues. This position will require the individual to draft and negotiate a variety of trading documents and other related agreements. A successful applicant will work closely with business colleagues to respond to their priorities and support a growing and demanding business model.
This role is located in Lake Mary, FL, New York, NY, or Pittsburgh, PA. The role is hybrid but requires a commitment of in-office work 3-days per week.
In this role, you will make an impact in the following ways:
- Draft, review, and negotiate legal documents for BNY's Fixed Income Clearing Sponsored Member Program; including the New York law-governed Master Repurchase Agreement and the New York law-governed FICC SMP Customer Agreement;
- An opportunity to assist with legal support for BNY's Liquidity Services short-end investment platform and Margin Services collateral segregation services;
- Provide legal advice and guidance on related rules, regulations and applicable law;
- Drafting of internal tools, information and processes related to the negotiation and execution of documents;
- Identify, assess, and mitigate potential legal and regulatory risks including maintaining awareness of changing applicable legal landscape;
- Function as a trusted internal resource capable of using knowledge of BNY Mellon's businesses, products, services and/or strategies to articulate and advance legal positions;
- Work collaboratively, seeking guidance and input from colleagues throughout the organization. Partner with colleagues who also serve in Risk, Credit, and Compliance.
- Support the business with client development efforts and assist in developing new products or changes to existing ones;
- Manage outside counsel both domestic and international, reviewing work for appropriateness, quality, and alignment to expectation; and
- Support other legal functions and products within the Global Markets Legal team; including the agency securities lending, principal lending, and secured term loan products.
- Juris Doctor degree from an accredited law school and a minimum of 3-7 year's of admitted legal practice with a law firm or relevant in-house experience;
- Licensed attorney admitted to practice in Florida, New York, or Pennsylvania;
- Demonstrated knowledge of repurchase transactions, central clearing, and capital markets transactions;
- Familiarity with the following helpful but not required: money market funds and electronic platform issues; current regulatory issues impacting collateral segregation, including Uncleared Margin Rules (UMR); and collateral account control agreements;
- Mastery in drafting, reviewing, and negotiating legal documents;
- Demonstrated ability to manage a demanding caseload of negotiations;
- Excellent communication and collaboration skills; and
- Strong working knowledge of laws and regulations in the field of securities finance and cleared repurchase transactions as well as broader regulatory and/or investment advisory experience.
