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Sr. Director, Senior Managing Counsel- FX & Derivatives

The Bank of New York Mellon Corporation
Pittsburgh, PA
Full-time

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 Senior Managing Counsel to manage our FX & Derivatives Legal team. This role is hybrid in-office and is located in Pittsburgh, PA OR Lake Mary, FL

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

  • Manage the team of attorneys supporting FX & Derivatives businesses, including Programmatic FX trading (such as custody FX services, automated FX trading, prime brokerage, electronic and algorithmic trading, and payments) and Swap Dealer and Securities-Based Swap Dealer businesses relating to FX, interest rate and equity derivative products.
  • Act as a primary resource for FX & Derivatives legal team members, driving practical, commercial advisory solutions.
  • Build effective relationships with business partners the leaders of our service partners such as Compliance, Credit, Risk and Operations.
  • Advise on CFTC, SEC, NFA, Fed and other regulator examinations, remediations and, when necessary, enforcement actions.
  • Advise on new markets, new product and service development, and strategic business initiatives.
  • Monitor, interpret and communicate on proposed regulations and their application to the Bank's OTC trading businesses.
  • Oversee the retention of outside counsel and manage related budgets for the FX & Derivatives legal team.
  • Maintaining an understanding of global regulatory issues impacting the bank's OTC trading businesses through engagement with US, APAC and EMEA colleagues.

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

  • Law degree (J.D.) and licensed to practice law in Pennsylvania or Florida (or states with reciprocity such as NY)
  • Minimum 12 years+ of relevant experience at a law firm and / or large financial institution dealing with FX and derivatives (including OTC instruments, futures, etc.)
  • Experience with Dodd-Frank Act, the Commodity Exchange Act, the Securities Act of 1933, relevant CFTC and SEC regulations and NFA rules is required;

as well as experience with ISDA Master Agreements, CSAs, ISDA Protocols and other industry standard trading agreements.

  • Experience in appropriately balancing commercial flexibility and legal risk management.
  • Prior management experience highly desirable.

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 Capital and CNBC, 2024

  • Dow Jones Sustainability Indices, Top performing company for Sustainability, 2024
  • Bloomberg's Gender Equality Index (GEI), 2023

Our Benefits and Rewards :

BNY 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, including paid volunteer time, that can support you and your family through moments that matter.

BNY is an Equal Employment Opportunity / Affirmative Action Employer - Underrepresented racial and ethnic groups / Females / Individuals with Disabilities / Protected Veterans.

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.

7 days ago
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