Senior Vice President, Counsel (Asset Servicing)

BNY Mellon

$180K — $220K *
Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • J.D. degree and licensed to practice in NY, FL, or PA.
  • 7-10 years of relevant legal experience.
  • Preferred substantive knowledge in Financial Services industry.
  • Excellent communication skills, capable of making complex legal matters accessible.
  • Strong legal and business judgment with negotiation skills.
  • Analytical and problem-solving skills with project management experience.
  • Team player with ability to collaborate effectively.

Responsibilities

  • Serve as a trusted legal advisor for business transactions and regulatory matters.
  • Liaise with key stakeholders to identify and mitigate legal issues.
  • Draft and negotiate service agreements with clients.
  • Manage a diverse range of legal issues effectively.
  • Work collaboratively with colleagues to align legal solutions with global strategies.
  • Partner with Risk, Audit, Compliance, and other oversight roles.
  • Develop a broad understanding of Asset Servicing products and services.

Benefits

  • Access to flexible global resources and tools for personal and professional growth.
  • Generous paid leaves, including volunteer time off.
  • Participation in a 401(k) plan and various medical insurance options.
  • Company-sponsored dental and vision plans.
  • Strong culture of employee well-being and support.
Full Job Description
Job Description

We are looking for an energetic self-starter to serve as Counsel to the Asset Servicing business. This role is located in New York City, NY, Lake Mary, FL or Pittsburgh, PA

The attorney who fills this role will be expected to contribute as part of a larger team and to independently advise the Asset Servicing business.

We expect the candidate to primarily support Asset Servicing's Fund Services group, which provides fund accounting, administration, transfer agency, middle office, custody and other services to a wide variety of registered and unregistered funds, ETFs, UITs and other investment vehicles. Exposure to and interest in asset management and/or financial institutions practice, technology, digital assets (e.g. cryptocurrencies and tokenized assets), distributed ledger technology, and/or data and analytics, is helpful but not required.

In this role, you'll make an impact in the following ways:
  • Serving as a trusted internal resource and key legal advisor on significant business transactions, regulatory matters and strategic initiatives.
  • Liaising with a variety of key BNY stakeholders, including lines of business, business partners and senior leadership, to ensure that any material legal issues are properly identified, escalated and mitigated.
  • Managing the drafting and negotiation of a variety of service agreements with clients.
  • Demonstrating the ability to handle a broad portfolio of legal issues.
  • Working collaboratively, seeking guidance and input from colleagues throughout the organization to ensure solutions align to global legal strategies.
  • Partnering with colleagues who also serve in an advisory or oversight capacity, such as those in Risk, Audit, Compliance, etc.
  • Developing a broad understanding of Asset Servicing products and services.

To be successful in this role, we're seeking the following:
  • Law degree (J.D.) and licensed to practice in NY, FL or PA.
  • 7-10; years of relevant experience.
  • Prior substantive knowledge and experience in the Financial Services industry (e.g., Investment Servicing or Investment Management) is preferred.
  • Excellent verbal, written, and interpersonal communication skills. A clear communicator that is able to deliver legal advice in layman's terms and lead discussions with relevant stakeholders.
  • The candidate must also have excellent legal and business judgment as well as strong negotiation skills.
  • Strong analytical, problem-solving and drafting skills with proven ability to drive projects to completion.
  • A team player. The ability to work collaboratively with one's colleagues is an essential pre-requisite for this role.
  • Ability to manage multiple projects and priorities in a fast-paced environment. Must be able to manage and prioritize across a large volume of complex matters with competing deadlines and different internal stakeholders.
  • Experience working with technology, software, digital assets, blockchain, data and analytics legal issues, a strong plus.


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.

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