Senior Vice-President, Counsel - FX and Derivatives

BNY Mellon

$113K — $200K *
Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • 5-7 years of experience in FX and derivatives trading documentation
  • Familiarity with custody bank foreign exchange products and services
  • Experience with MSFTA's and related collateral issues
  • In-house legal and transactional experience at a global financial services institution
  • Strong interpersonal and communication abilities
  • Excellent drafting and negotiation skills
  • JD is required for the role

Responsibilities

  • Negotiate ISDAs, CSAs, and related documentation for BNY's FX & Derivatives businesses
  • Manage a team of document negotiators
  • Collaborate with business partners and control functions to complete projects
  • Provide legal advice to business, Credit, Risk, and Compliance teams
  • Advise on settlement finality and collateral enforceability issues
  • Monitor and interpret proposed regulations impacting FX & Derivatives
  • Lead significant project assignments, including remediation efforts

Benefits

  • Highly competitive compensation and benefits
  • Access to global resources and life tools
  • Focus on health and personal resilience
  • Generous paid leave options, including volunteer time
  • A strong culture of excellence and pay-for-performance philosophy
Full Job Description
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 In this role, you'll make an impact in the following ways: - 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. To be successful in this role, we're seeking the following - 5-7 years of relevant experience, specifically experience with FX and derivatives trading documentation. Experience with the following is also highly desirable: - Custody bank foreign exchange products and services; - Experience with industry standard trading agreements, including MSFTA's and related collateral issues; and - In-house legal and transactional advice at a global financial services institution. - 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; and - Experience in appropriately balancing commercial flexibility and legal risk management. - JD is required for the role 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.

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