What are the responsibilities and job description for the Director, Managing Counsel- Clearance & Collateral Management position at NA?
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 is all about.
We’re seeking a future team member for the role of Director, Managing Counsel to join our Legal team. This role is located in NYC 4 days/ w in-office
In this role, you’ll make an impact in the following ways:
In this role, you will make an impact in the following ways:
BNY offers highly competitive compensation, benefits, and wellbeing programs rooted in a strong culture of excellence and our pay-for-performance philosophy. We provide access to flexible global resources and tools for your life’s journey. Focus on your health, foster your personal resilience, and reach your financial goals as a valued member of our team, along with generous paid leaves, including paid volunteer time, that can support you and your family through moments that matter.
BNY is an Equal Employment Opportunity/Affirmative Action Employer - Underrepresented racial and ethnic groups/Females/Individuals with Disabilities/Protected Veterans.
BNY assesses market data to ensure a competitive compensation package for our employees. The base salary for this position is expected to be between $142,000 and $260,000 per year at the commencement of employment. However, base salary if hired will be determined on an individualized basis, including as to experience and market location, and is only part of the BNY total compensation package, which, depending on the position, may also include commission earnings, discretionary bonuses, short and long-term incentive packages, and Company-sponsored benefit programs.
This position is at-will and the Company reserves the right to modify base salary (as well as any other discretionary payment or compensation) at any time, including for reasons related to individual performance, change in geographic location, Company or individual department/team performance, and market factors.
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 is all about.
We’re seeking a future team member for the role of Director, Managing Counsel to join our Legal team. This role is located in NYC 4 days/ w in-office
In this role, you’ll make an impact in the following ways:
In this role, you will make an impact in the following ways:
- Assist the Clearance & Collateral Management business in providing legal and regulatory advice.
- Serve as key legal advisor on significant business transactions, regulatory and corporate projects, strategic initiatives, joint ventures and other internal and external collaboration arrangements
- Provide legal advice in connection with product development, including drafting, reviewing and negotiation of associated documentation
- Provide advice on digital and technology solutions developed by the Clearance & Collateral Management business
- Negotiate legal agreements and develop and update templates for these products.
- Work closely with Compliance, Credit and Risk partners and other internal lawyers
- Review and draft policies and procedures for the Clearance & Collateral Management business
- Monitor and advise on industry developments.
- Review marketing materials and thought leadership articles
- Participate in industry advocacy as part of relevant industry groups.
- Experienced attorney dedicated to supporting BNY Clearance & Collateral Management business. The attorney will be primarily responsible for supporting the government securities clearing, tri-party product offerings, as well as segregation and custody-related collateral management products. Law degree (J.D.) and licensed to practice law in New York
- 8-12 years of experience at a law firm and/or large financial institution dealing with tri-party arrangements and other collateral management products
- Experience with account control agreements, security agreements, as well as MSLAs, MRAs, ISDA Master Agreements, CSAs and other industry standard trading agreements
- Knowledge of current regulatory issues impacting the collateral management business, as well as securities finance and derivatives industries
- Experience with SEC rules, UCC Article 8 and related considerations, particularly as they apply to broker dealers and investment funds engaging in repurchase and securities financing transactions
- Knowledge of legal issues impacting the development of digital ledger technology is a plus
- Excellent verbal and written communication and presentation skills, and the ability to interact professionally with executives, managers, and regulators
- Solid quantitative and qualitative analysis skills
- Detail oriented, with ability to multi-task and prioritize to meet deadlines
- Successfully engages in multiple initiatives simultaneously
- Strong project management skills and able to successfully engage in multiple initiatives simultaneously
- The ability to be a proactive, dynamic member of a team
- America’s Most Innovative Companies, Fortune, 2024
- World’s Most Admired Companies, Fortune 2024
- Human Rights Campaign Foundation, Corporate Equality Index, 100% score, 2023-2024
- Best Places to Work for Disability Inclusion , Disability: IN – 100% score, 2023-2024
- “Most Just Companies”, Just Capital and CNBC, 2024
- Dow Jones Sustainability Indices, Top performing company for Sustainability, 2024
- Bloomberg’s Gender Equality Index (GEI), 2023
BNY offers highly competitive compensation, benefits, and wellbeing programs rooted in a strong culture of excellence and our pay-for-performance philosophy. We provide access to flexible global resources and tools for your life’s journey. Focus on your health, foster your personal resilience, and reach your financial goals as a valued member of our team, along with generous paid leaves, including paid volunteer time, that can support you and your family through moments that matter.
BNY is an Equal Employment Opportunity/Affirmative Action Employer - Underrepresented racial and ethnic groups/Females/Individuals with Disabilities/Protected Veterans.
BNY assesses market data to ensure a competitive compensation package for our employees. The base salary for this position is expected to be between $142,000 and $260,000 per year at the commencement of employment. However, base salary if hired will be determined on an individualized basis, including as to experience and market location, and is only part of the BNY total compensation package, which, depending on the position, may also include commission earnings, discretionary bonuses, short and long-term incentive packages, and Company-sponsored benefit programs.
This position is at-will and the Company reserves the right to modify base salary (as well as any other discretionary payment or compensation) at any time, including for reasons related to individual performance, change in geographic location, Company or individual department/team performance, and market factors.
Salary : $142,000 - $260,000
