Markets Legal is currently looking for an experienced attorney to support the Fixed Income and Equities institutional sales and trading businesses. A successful candidate will work closely with senior business managers involved in an array of businesses including institutional trading of equity and fixed income securities, ETFs, equity and debt capital markets, municipal securities offerings, and outsourced trading.
The position involves the following key responsibilities:
• Providing advice and assistance to business, Risk and Compliance partners concerning legal, regulatory and reputational issues arising from the FI/EQ businesses;
• Advising on new markets, new product and service development, and strategic business initiatives;
• Working closely with business managers and BNY Mellon 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 advising on proposed regulations and their application to the business;
• Overseeing and managing the retention of outside counsel on business initiatives and other matters; and
• Maintaining an understanding of global regulatory issues impacting the business through engagement with APAC and EMEA colleagues
Required Skills, Knowledge and Experience:
- Law degree (J.D.) and licensed to practice law in New York
- Minimum 8 years of experience at a law firm and/or large financial institution covering fixed income and/or 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 Mellon Legal Department
- Client-orientation and a willingness to cultivate good working relationships with business and other colleagues; and
- Experience in appropriately balancing commercial flexibility and legal risk management
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 $131,500 and $283,000 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.