Collateral Management Attorney – Managing Counsel (NY)
Experienced attorney dedicated to supporting BNY Mellon’s 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.
Key Responsibilities Include:
- Assist the Clearance & Collateral Management business in providing legal and regulatory advice.
- 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.
- Participate in industry advocacy as part of relevant industry groups.
Required Skills, Knowledge and Experience:
- Law degree (J.D.) and licensed to practice law in New York
- Minimum 10 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
- 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
- The ability to be a proactive, dynamic member of a team
BNY Mellon assesses market data to ensure a competitive compensation package for our employees. The base salary for this position is expected to be between $158,000 and $250,000 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 BNYM 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.
BNY Mellon is an Equal Employment Opportunity/Affirmative Action Employer. Minorities/Females/Individuals With Disabilities/Protected Veterans.
Our ambition is to build the best global team – one that is representative and inclusive of the diverse talent, clients and communities we work with and serve – and to empower our team to do their best work. We support wellbeing and a balanced life, and offer a range of family-friendly, inclusive employment policies and employee forums.