Job DescriptionWe're seeking a collegial, highly skilled, and forward-thinking attorney to join BNY's Legal team as a Senior Director, Senior Managing Counsel supporting the Clearance & Collateral Management ("CCM") business. This is an exciting opportunity to work at the intersection of law, regulation, market infrastructure, digital assets, and product innovation. This role is available in New York, New York.
The CCM legal team supports a dynamic and rapidly evolving business that sits at the center of major market structure and liquidity initiatives. The team advises on core clearance and collateral products while also supporting new and strategic efforts involving central clearing, digital assets, tokenization, collateral optimization, and next-generation market infrastructure. This role offers the chance to work on highly visible, business-critical projects with significant external client, regulatory, and industry impact.
The ideal candidate is a trusted advisor who thrives in a fast-paced, constantly changing environment. The successful candidate will be able to balance high-volume business-as-usual work with complex strategic initiatives, engage collaboratively across Legal, Compliance, Credit, Risk, Operations, and the business, and contribute to the development of innovative solutions that shape the future of clearing and collateral management.
Fluency with AI, or a strong willingness to build AI proficiency, is important for this role. The team is actively exploring modern legal and business applications of technology, and candidates who are comfortable using AI tools thoughtfully and responsibly to improve efficiency, analysis, and drafting are especially well suited to succeed.
In this role, you'll make an impact in the following ways:
- Providing legal and regulatory advice to the Clearance & Collateral Management business across a broad and expanding product set
- Serving as a key legal advisor on strategic transactions, regulatory initiatives, corporate projects, and collaborations with internal and external partners
- Supporting product development and lifecycle management, including drafting, negotiating, and updating complex documentation
- Advising on central clearing, tri-party collateral management, custody, segregation, and related market infrastructure matters
- Supporting innovative initiatives involving digital assets, tokenization, distributed ledger technology, and other emerging technologies
- Partnering closely with Compliance, Credit, Risk, Operations, Technology, and other legal colleagues to deliver practical, business-oriented advice
- Drafting and reviewing policies, procedures, client-facing materials, and thought leadership content
- Monitoring legal, regulatory, and market developments and advising the business on evolving requirements and opportunities
- Participating in industry working groups and advocacy efforts, including matters involving SIFMA and other relevant forums
- Helping drive efficient and scalable legal support in a high-volume environment
Examples of work may include:
- Central clearing documentation and regulatory support for multiple central counterparties
- Legal support for digital asset and tokenization initiatives
- Advising on market infrastructure projects involving clearing, settlement, custody, and collateral movement
- Supporting new product launches and enhancements involving AI-enabled workflow changes
- Assisting with high-priority projects with aggressive timelines and significant business visibility
To be successful in this role, we're seeking the following:
- J.D. and admission to practice law in New York
- [8-12] years of experience at a law firm and/or large financial institution
- Experience with tri-party arrangements, collateral management, clearance, custody, and related financial market products
- Familiarity with clearing agreements, account control agreements, security agreements, MSLA, MRA, ISDA Master Agreements, CSAs, and similar industry-standard documentation
- Strong knowledge of securities law, SEC rules, UCC Article 8, and related broker-dealer and investment fund considerations
- Familiarity with central clearing, securities finance, derivatives, and evolving regulatory issues in the collateral management space
- Experience with or interest in digital assets, tokenization, DLT, or other emerging market infrastructure technologies
- Excellent written and verbal communication skills, with the ability to produce clear, concise, and practical legal analysis
- Strong drafting, negotiation, and problem-solving skills
- Ability to manage multiple priorities in a fast-paced and rapidly changing environment
- A highly collaborative, collegial approach and the ability to work effectively across teams
- Comfort with technology and a willingness to adopt and improve AI-enabled legal workflows
Preferred qualities:
- Intellectual curiosity and enthusiasm for innovative financial market infrastructure
- A proactive mindset and strong judgment
- Ability to manage ambiguity while maintaining attention to detail
- Interest in shaping new products and helping the business navigate novel legal questions
- Experience working on highly visible, time-sensitive initiatives with cross-functional stakeholders
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 assesses market data to ensure a competitive compensation package for our employees. The expected base salary for this position when employment commences can be found in the Job Info section at the bottom of the posting.
Base salary offered may vary depending on multiple individualized factors, including market location, job-related knowledge, skills, and experience. Base salary is only part of the total rewards package, which may include eligibility for an annual discretionary incentive award. Subject to the terms and conditions of the applicable plans then in effect, eligible employees may enroll in a 401(k) plan as well as participate in Company-sponsored medical, dental, vision, and basic life insurance plans for the employee and the employee's eligible dependents. Eligible employees also may receive other benefits (including various paid time off benefits, such as vacation and sick time), dependent on the position offered. Details of participation in these benefit plans will be provided if an employee receives an offer of employment.
If hired, the employee will be in an "at will" position and the Company reserves the right to modify base salary (as well as any other discretionary payments or compensation programs) at any time, including for reasons related to individual performance, Company or individual department/team performance, and market factors.
