Director and Managing Counsel, Regulation, Supervision and Corporate Affairs
This attorney will be a key component of the Legal Department’s Regulation, Supervision and Corporate Affairs division, focusing on advising the firm’s global finance and risk functions. Responsibilities will include capital, liquidity, and funding issues, capital planning, stress-testing, external disclosure, and liquidity risk management. Other responsibilities will include assisting in the development of new products and services, Dodd-Frank compliance, advising the firm’s securities investment portfolio, as well as regulatory and supervisory advocacy efforts. This attorney will work closely with BNY Mellon’s Corporate Treasury division, Portfolio Management Group, Controllers group, Regulatory Reporting, Capital Adequacy & Stress-Testing, Government Affairs, Risk and Compliance, and other control functions, as well as the in-house legal team to identify and manage key regulatory issues related to the conduct of BNY Mellon businesses affecting the firm’s finance and risk units and to develop strategies to implement changes as required by regulatory developments. This position will report to the Senior Managing Counsel & Director in the Legal Department’s New York, New York office responsible for enterprise-wide finance and risk functions.
Key responsibilities include but are not limited to:
- Participate in firm-wide and business centered stress-testing initiatives, including yearly CCAR preparation and submission and DFAST stress-testing exercises.
- Helping the organization’s Compliance team, Corporate Treasury function, and various business units comply with the Volcker Rule.
- Advise on regulatory capital and liquidity interpretations.
- Serve as a legal advisor to Corporate Treasury’s business units, including the corporate investments portfolio, asset-liability management, internal business combination transactions, capital actions, and corporate funding.
- Advise business units and centralized control functions in responding to regulatory and supervisory examinations, and in shaping the firm’s supervisory relationships.
- “Connecting the dots” to identify emerging supervisory trends and ensuring that these are considered in broader advocacy efforts.
- Managing and leading company responses to supervisory and enforcement actions and advising on remedial action plans.
Qualifications – External
Advanced Legal Degree or local country equivalent degree usually required. Progression to this level usually requires licensure/certification by the local country or jurisdiction. In some jurisdictions, may not require licensure or certification for placement in the role; in others, licensure/certification is required.
5-8 years minimum of total work experience as a qualified attorney is preferred. Prior corporate legal experience within the financial services industry, governmental agencies responsible for financial regulation and/or supervision, or experience in assigned practice area (e.g., securities, employment, etc.) with an outside law firm is preferred.
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 $292,000 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.