Director, Managing Counsel- Clearance & Collateral Management

BNY Mellon offers an exciting array of future-forward careers at the intersection of business, finance, and technology. We are one of the worlds top asset management and banking firms that manages trillions of dollars in assets, custody and/or administration. Known as the "bank of banks" - 97% of the world's top banks work with us as we lead and serve our customers into the new era of digital.
With over 239 years of rich history and industry firsts, BNY Mellon has been built upon our proven ability to evolve, lead, and drive new ideas at every turn. Today, we're approximately 50,000 employees across 35 countries with a culture that empowers you to grow, take risks, experiment and be yourself. This is what #LifeAtBNYMellon is all about.
About BNY Mellon Investment Management:
BNY Mellon Investment Management is a leading investment manager, with $1.8 trillion* in assets under management as of December 31, 2022. Through an investor-first approach, the firm brings to clients the best of both worlds: specialist expertise from seven specialist investment managers offering solutions across every major asset class, backed by the strength, stability, and global presence of BNY Mellon.
BNY Mellon Investment Management is a division of BNY Mellon, which has $44.3 trillion in assets under custody and/or administration as of December 31, 2022. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK).
This role is located in New York on a hybrid basis.
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 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.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
• 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 Mellon, our inclusive culture speaks for itself. Here's a few of our awards:

• Fortune World's Most Admired Companies & Top 20 for Diversity and Inclusion
• Bloomberg's Gender Equality Index (GEI)
• Human Rights Campaign Foundation, 100% score Corporate Equality Index
• Best Places to Work for Disability Inclusion, Disability: IN - 100% score
• 100 Best Workplaces for Innovators, Fast Company
• CDP's Climate Change ‘A List'
• Forbes Blockchain 50

Our Benefits:
BNY Mellon offers highly competitive compensation, benefits, and wellbeing programs rooted in a strong culture of excellence and our pay-for-performance philosophy. We provide access to flexible global resources and tools for your life's journey. Focus on your health, foster your personal resilience, and reach your financial goals as a valued member of our team, along with generous paid leaves that can support you and your family through moments that matter.
BNY Mellon is an Equal Employment Opportunity/Affirmative Action Employer - Underrepresented racial and ethnic groups/Females/Individuals with Disabilities/Protected Veterans.
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.