Senior Vice-President, Counsel – FX and Derivatives

About the role

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.

Responsibilities

• 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.

Requirements

• 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;
• Industry standard trading agreements, including MSFTA’s and related collateral issues;
• 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;

Experience in appropriately balancing commercial flexibility and legal risk management.

Qualifications

JD is required for the role.

Skills

Experience with the following is also highly desirable:

• Custody bank foreign exchange products and services;
• Industry standard trading agreements, including MSFTA’s and related collateral issues;
• In-house legal and transactional advice at a global financial services institution.

Benefits

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.

Pay

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.

Schedule

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.