Senior Vice-President, Counsel - FX and Derivatives

The Bank of New York Mellon•Pittsburgh, PA

76d•$113,000 - $200,000

About The Position

At BNY, our culture allows us to run our company better and enables employees' growth and success. As a leading global financial services company at the heart of the global financial system, we influence nearly 20% of the world's investible assets. Every day, our teams harness cutting-edge AI and breakthrough technologies to collaborate with clients, driving transformative solutions that redefine industries and uplift communities worldwide. Recognized as a top destination for innovators and champions of inclusion, BNY is where bold ideas meet advanced technology and exceptional talent. Together, we power the future of finance - and this is what #LifeAtBNY is all about. Join us and be part of something extraordinary. We're seeking a future team member for the role of Senior Vice President, Counsel to support BNY's FX and Derivatives trading activities. The role will focus primarily on delivering effective legal support for the bank's over-the-counter trading businesses including the management of our trading documentation team. A successful candidate will work with other lawyers in the US, EMEA and APAC to deliver a high standard of legal advice tailored to BNY's business models. The role will be located in NYC, Pittsburgh, PA or Lake Mary, FL

Requirements

5-7 years of relevant experience, specifically experience with FX and derivatives trading documentation.
Excellent interpersonal and communication skills
Strong drafting and negotiation skills
Good organization skills
Problem solving orientation and an ability to identify practical solutions
Flexible and adaptable working style able to handle a demanding workload and changing priorities
Detail oriented, with ability to multi-task and prioritize to meet deadlines
Self-motivation
Client-orientation and the ability to cultivate good working relationships with business and other colleagues
Experience in appropriately balancing commercial flexibility and legal risk management.

Nice To Haves

Custody bank foreign exchange products and services
Experience with industry standard trading agreements, including MSFTA's and related collateral issues
In-house legal and transactional advice at a global financial services institution.

Responsibilities

Negotiating ISDAs, CSA's, account control agreements, innovations, guarantees and related documentation in support of BNY's FX & Derivatives businesses.
Managing a team of document negotiators.
Working closely with business partners and BNY control functions (Compliance, Credit, Risk, Legal) to complete documentation and remediation projects.
Providing advice and assistance to Business, Credit, Risk and Compliance partners in respect of the bank's FX/Derivatives activities.
Advising on settlement finality, netting and collateral enforceability issues related to BNY's FX & Derivatives businesses.
Monitoring, interpreting and communicating on proposed regulations and their application to FX & Derivatives businesses.
Able to take responsibility for significant project assignments such as remediation efforts and regulatory implementation.
Representing Legal in project steering committees and documentation status meetings.

Benefits

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.

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