Senior Director, Senior Managing Counsel (Clearance & Collateral Management)
BNY Mellon · NY, US
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About the Role
This role offers an exciting opportunity to work at the intersection of law, regulation, market infrastructure, digital assets, and product innovation within BNY’s Legal team, supporting the Clearance & Collateral Management (CCM) business. The CCM legal team advises on core clearance and collateral products, and supports strategic efforts involving central clearing, digital assets, tokenization, collateral optimization, and next-generation market infrastructure. This position allows for work on highly visible, business-critical projects with significant external client, regulatory, and industry impact.
Responsibilities
- 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
Requirements
- 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
- 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
Skills
- AI proficiency
- Legal and regulatory advice
- Strategic transactions
- Regulatory initiatives
- Corporate projects
- Product development
- Lifecycle management
- Documentation drafting and negotiation
- Central clearing
- Tri-party collateral management
- Custody
- Segregation
- Market infrastructure
- Digital assets
- Tokenization
- Distributed ledger technology
- Emerging technologies
- Collaboration
- Policy and procedure drafting
- Client-facing materials
- Thought leadership content
- Legal and regulatory monitoring
- Industry working groups
- Advocacy efforts
- Securities law
- SEC rules
- UCC Article 8
- Broker-dealer considerations
- Investment fund considerations
- Securities finance
- Derivatives
- Communication skills
- Drafting skills
- Negotiation skills
- Problem-solving skills
- Priority management
- Technology adoption
Location
- New York, New York
Work Type
- Full-time
Experience Level
- Senior Director
- Senior Managing Counsel
- 8-12 years of experience
Education Level
- J.D.
- Admission to practice law in New York
Salary/Compensations
- 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.
Benefits
- Highly competitive compensation
- Benefits and wellbeing programs
- Access to flexible global resources and tools
- 401(k) plan
- Company-sponsored medical, dental, vision, and basic life insurance plans
- Various paid time off benefits, such as vacation and sick time
- Paid volunteer time
About the Company
- BNY is a leading global financial services company at the heart of the global financial system, influencing nearly 20% of the world’s investible assets.
- BNY's culture enables better company operation and employee growth and success.
- Teams harness cutting-edge AI and breakthrough technologies to collaborate with clients, driving transformative solutions that redefine industries and uplift communities worldwide.
- BNY is recognized as a top destination for innovators where bold ideas meet advanced technology and exceptional talent.
- BNY powers the future of finance.
Equal Opportunity
- BNY is an Equal Employment Opportunity/Affirmative Action Employer - Underrepresented racial and ethnic groups/Females/Individuals with Disabilities/Protected Veterans.