Director, Managing Counsel- Asset Servicing and Digital

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 are looking for an energetic self-starter to serve as Managing Counsel to the Asset Servicing business. This role is located in New York City, NY or Pittsburgh, PA - Hybrid, 4 days in-office.

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 strategically important and potentially complex 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 ASD products and services.

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

• Law degree (J.D.) and licensed to practice in NY or PA.
• 8-12 years of relevant experience.
• Prior substantive knowledge and experience in the Financial Services industry (ideally Asset Servicing/Fund Services, or Investment Management) is strongly 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 senior leadership.
• 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.
• Significant experience in leading/overseeing complex transactions and contract negotiations.
• 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.

At BNY, our 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 $165Kand $250K 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 (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