Director, Managing Counsel- BNY Pershing

BNY Mellon; New York (NY); On-site; USD 165,000 - 240,000; Full time

Job summary

BNY Mellon is looking for a Director, Managing Counsel for its Pershing line of business in New York City. The role involves advising on contracts, providing legal support for advisory services, and collaborating on legal best practices in a dynamic setting. Candidates should have substantial legal experience, particularly in investment advisory or broker-dealer environments, to thrive in this innovative firm known for its strong culture and commitment to excellence.

Benefits

Generous paid leaves including volunteer time

Flexible global resources for personal and professional goals

Qualifications

• 8-12 years legal experience focusing on contracts and investment advisory issues.
• In-House experience with a Broker-Dealer or Registered Investment Adviser preferred.
• Excellent oral and written communication skills.

Responsibilities

• Advise on contracts for Pershing and provide general legal support.
• Keep informed on relevant legislation and update the team as needed.
• Collaborate with business leaders to develop legal best practices.

Skills

Communication

Interpersonal Skills

Contract Management

Job 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 tocreate 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 Director, Managing Counsel to support the BNY Pershing line of business within the BNY. This role is located in NYC 4 days in-office/week

In this role, you’ll make an impact in the following ways:

• Report toHead of Legal for BNY Pershing/BNY Wealth Services and serve as a key adviser to the business.
• Manage and negotiate contracts for Pershing for a variety of advisory, custody, operational and technology services.
• Provide general legal support to the broker-dealer and registered investment adviser as needed.
• Advise on new product development and regulatory risk management decisions.
• Keep informed on legislation and rulemaking affecting business operations and developments in bank, broker-dealer and advisory law practice, updating the team and management as appropriate.
• Collaborate with business leaders and associates to develop legal and regulatory best practices.

To be successful in this role, we’re seeking the following:

• 8-12 years legal experience with a focus on contracts and investment advisory and/or broker-dealer issues.
• In-House experience with a Broker-Dealer, Registered Investment Adviser or at a regulatory agency strongly preferred.
• Trust Bank experience a plus.
• Excellent oral and written communication skills, including strong presentation abilities.
• Strong interpersonal skills to influence and impact business decisions.
• Ability to work in a fast-paced, dynamic environment that requires hands-on support, business teamwork and the ability to multi-task.

At BNY, our culture speaks for itself. Here’s a few of our awards:

• 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

Our Benefits and Rewards:

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 $165K and $240K 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 (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