Senior Vice President, Counsel- Global Markets (Repurchase Agreements)

JOB DESCRIPTION

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 Vice-President/Counsel to join our Global Markets and Capital Markets Team in our Legal Department. The attorney who fills this role will be expected to contribute as part of a larger team (located across BNY’s U.S. offices) and to independently advise business colleagues. This position will require the individual to draft and negotiate a variety of trading documents and other related agreements. A successful applicant will work closely with business colleagues to respond to their priorities and support a growing and demanding business model.

This role is located in Lake Mary, FL, New York, NY, or Pittsburgh, PA. The role is hybrid but requires a commitment of in-office work 3-days per week.

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

• Draft, review, and negotiate legal documents for BNY’s Fixed Income Clearing Sponsored Member Program; including the New York law-governed Master Repurchase Agreement and the New York law-governed FICC SMP Customer Agreement;
• An opportunity to assist with legal support for BNY’s Liquidity Services short-end investment platform and Margin Services collateral segregation services;
• Provide legal advice and guidance on related rules, regulations and applicable law;
• Drafting of internal tools, information and processes related to the negotiation and execution of documents;
• Identify, assess, and mitigate potential legal and regulatory risks including maintaining awareness of changing applicable legal landscape;
• Function as a trusted internal resource capable of using knowledge of BNY Mellon's businesses, products, services and/or strategies to articulate and advance legal positions;
• Work collaboratively, seeking guidance and input from colleagues throughout the organization. Partner with colleagues who also serve in Risk, Credit, and Compliance.
• Support the business with client development efforts and assist in developing new products or changes to existing ones;
• Manage outside counsel both domestic and international, reviewing work for appropriateness, quality, and alignment to expectation; and
• Support other legal functions and products within the Global Markets Legal team; including the agency securities lending, principal lending, and secured term loan products.

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

• Juris Doctor degree from an accredited law school and a minimum of 3-7 year’s of admitted legal practice with a law firm or relevant in-house experience;
• Licensed attorney admitted to practice in Florida, New York, or Pennsylvania;
• Demonstrated knowledge of repurchase transactions, central clearing, and capital markets transactions;
• Familiarity with the following helpful but not required: money market funds and electronic platform issues; current regulatory issues impacting collateral segregation, including Uncleared Margin Rules (UMR); and collateral account control agreements;
• Mastery in drafting, reviewing, and negotiating legal documents;
• Demonstrated ability to manage a demanding caseload of negotiations;
• Excellent communication and collaboration skills; and
• Strong working knowledge of laws and regulations in the field of securities finance and cleared repurchase transactions as well as broader regulatory and/or investment advisory experience.

At BNY Mellon, our inclusive 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 assesses market data to ensure a competitive compensation package for our employees. The base salary for this position is expected to be between $113,000 and $200,000 per year at the commencement of employment. However, base salary if hired will be determined on an individualized basis, including as to experience and market location, and is only part of the BNY total compensation package, which, depending on the position, may also include commission earnings, discretionary bonuses, short and long-term incentive packages, and Company-sponsored benefit programs.
This position is at-will and the Company reserves the right to modify base salary (as well as any other discretionary payment or compensation) at any time, including for reasons related to individual performance, change in geographic location, Company or individual department/team performance, and market factors.

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