Director, Managing Counsel- BNY Pershing

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

Job summary

Join a leading global financial services company as the Director, Managing Counsel and support the BNY Pershing line. This influential role involves advising on legal strategies, managing contracts, and shaping best practices to ensure compliance in a dynamic environment. A strong legal background with extensive experience in investment advisories is essential to succeed in this impactful position. Enjoy competitive compensation and a commitment to diversity and inclusion.

Benefits

Flexible global resources

Generous paid leave

Qualifications

• 8-12 years legal experience, focusing on contracts and investment advisory.
• In-House experience preferred with Broker-Dealer or regulatory agency.
• Excellent presentation abilities required.

Responsibilities

• Manage and negotiate contracts for various services.
• Advise on new product development and regulatory risk.
• Collaborate with business leaders to develop best practices.

Skills

Communication

Interpersonal Skills

Negotiation

Education

J.D. or equivalent legal degree

Job description

Director, Managing Counsel- BNY Pershing

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Director, Managing Counsel- BNY Pershing

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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 to create solutions with our clients that benefit businesses, communities and people everywhere.

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 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 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 to Head 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 peryearat 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

About Us

For over 230 years, the people of BNY Mellon have been at the forefront of finance, expanding the financial markets while supporting investors throughout the investment lifecycle. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments & safeguards nearly one-fifth of the world's financial assets. BNY Mellon remains one of the safest, most trusted and admired companies. Every day our employees make their mark by helping clients better manage and service their financial assets around the world. Whether providing financial services for institutions, corporations or individual investors, clients count on the people of BNY Mellon across time zones and in 35 countries and more than 100 markets. It's the collective ambition, innovative thinking and exceptionally focused client service paired with a commitment to doing what is right that continues to set us apart. Make your mark: bnymellon.com/careers.

Seniority level

• Seniority level

  Director

Employment type

• Employment type

  Full-time

Job function

• Job function

  Other

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