Director, Managing Counsel (FIEQ)

BNY; New York (NY); On-site; USD 147,000 - 240,000; Full time

Benefits offered by this job

Commission earnings

Discretionary bonuses

Company-sponsored benefit programs

Job summary

BNY Mellon is seeking a Director, Managing Counsel for its Markets Legal team to support Fixed Income and Equities institutional sales and trading. This role involves providing legal guidance, drafting contracts, and advising on regulations. Candidates must have a J.D. degree and at least 12 years of relevant legal experience. The competitive salary ranges from $147,000 to $240,000 annually, depending on experience and market location.

Qualifications

• Minimum 12 years of experience at a law firm and/or a large financial institution covering fixed income and equity sales and trading activities.
• Licensed to practice law in New York, Pennsylvania, or Florida.

Responsibilities

• Providing legal advice and assistance to business and regulatory partners.
• Advising on new markets, product development, and strategic initiatives.
• Drafting, reviewing, and negotiating legal contracts and documents.
• Monitoring and communicating proposed regulations affecting the business.

Skills

Excellent verbal and written communication skills

Detail-oriented

Problem-solving orientation

Client orientation

Ability to handle a demanding workload

Education

Law degree (J.D.)

Job description

We're seeking a future team member for the role of Director, Managing Counsel to join our Markets Legal team supporting BNY's Fixed Income and Equities (FIEQ) institutional sales and trading businesses. A successful candidate will work closely with our business partners involved in an array of broker‑dealer and bank services including institutional trading of equity and fixed income securities, originations of equity and fixed income instruments, ETFs, and municipal securities offerings, and the offering of outsourced trading services. Experience in the prime brokerage space would also be helpful. This role is located in Pittsburgh PA, Lake Mary FL or New York NY.

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

• Providing advice and assistance to business, Credit, Risk and Compliance partners concerning legal, regulatory and reputational issues arising from FIEQ businesses
• Advising on new markets, new product and service development, and strategic business initiatives
• Working closely with business managers and BNY control functions (Compliance, Credit, Risk, Legal) to ensure understanding of the bank's regulatory and contractual obligations
• Drafting, reviewing and negotiating legal contracts and other documents
• Monitoring, interpreting and communicating on proposed regulations and their application to the business
• Overseeing and managing the retention of outside counsel on business initiatives and other matters
• Maintaining an understanding of global regulatory issues impacting the business through engagement with APAC and EMEA colleagues

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

• Law degree (J.D.) and licensed to practice law in New York, Pennsylvania or Florida
• Minimum 12 years of experience at a law firm and/or large financial institution covering fixed income and equity sales and trading activities

Experience with industry standard trading agreements:

• Knowledge of current regulatory issues impacting institutional sales and trading and capital markets businesses
• Excellent verbal and written communication skills and the ability to interact professionally with a diverse group of executives, managers, and subject matter experts
• Problem solving orientation and an ability to identify practical solutions
• Detail oriented, with ability to multi‑task and prioritize to meet deadlines
• The ability to be a proactive, dynamic member of the BNY Legal Department
• Client‑orientation and an ability to cultivate good working relationships with business and other colleagues
• Flexible and adaptable working style able to handle a demanding workload and changing priorities
• Experience in appropriately balancing commercial flexibility and legal risk management.

BNY assesses market data to ensure a competitive compensation package for our employees. The base salary for this position is expected to be between $147,000 and $240,000 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.