Director, Managing Counsel- Clearance & Collateral Management

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 #LifeAtBNY is all about.

We’re seeking a future team member for the role of Director, Managing Counsel to join our Legal team. This role is located in NYC 3 days/ week in-office

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

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

• Assist the Clearance & Collateral Management business in providing legal and regulatory advice.
• Serve as key legal advisor on significant business transactions, regulatory and corporate projects, strategic initiatives, joint ventures and other internal and external collaboration arrangements
• Provide legal advice in connection with product development, including drafting, reviewing and negotiation of associated documentation
• Provide advice on digital and technology solutions developed by the Clearance & Collateral Management business 
• 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. 
• Review marketing materials and thought leadership articles
• Participate in industry advocacy as part of relevant industry groups.

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

• Experienced attorney dedicated to supporting BNY 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. Law degree (J.D.) and licensed to practice law in New York
• 8-12 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
• Experience with SEC rules, UCC Article 8 and related considerations, particularly as they apply to broker dealers and investment funds engaging in repurchase and securities financing transactions
• Knowledge of legal issues impacting the development of digital ledger technology is a plus
• 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 
• Strong project management skills and able to successfully engage in multiple initiatives simultaneously 
• The ability to be a proactive, dynamic member of a team

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 Capita