Managing Counsel Job
Managing Counsel (Job Number: 1305587)
BNY Mellon is a global financial services company focused on helping clients manage and service their financial assets, operating in 36 countries and serving more than 100 markets. BNY Mellon is a leading provider of financial services for institutions, corporations and high-net-worth individuals, providing superior asset management and wealth management, asset servicing, issuer services, clearing services and treasury services through a worldwide client-focused team. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation. Additional information is available at www.bnymellon.com.
Legal department mitigates risk and handles legal affairs for BNY Mellon.
Description
This is an excellent opportunity for an experienced broker-dealer attorney to join a prestigious legal department and one of the largest diversified financial services organizations in the world. The position requires supporting the distribution and sales of investment services and products including mutual funds, unregistered funds and advisory services (such as separately managed and wrap accounts).
The successful candidate will have legal expertise in the federal securities laws with a particular emphasis on the Securities Exchange Act of 1934 and FINRA regulations, with secondary experience in the Investment Advisers Act of 1940 and the Investment Company Act of 1940 as they relate to distribution matters. Candidates should have legal experience with a large financial services in-house legal department or equivalent law firm experience supporting broker-dealer firms. Background with a securities regulator would be a strong plus.
In this role, the successful candidate will provide, and manage a team that provides, day-to-day legal support for multiple business lines of a dual broker-dealer/investment adviser that operates in the retail and institutional markets. Day-to-day legal support includes, but is not limited to: legal matters related to retail and institutional sales support activities; intermediary and other third party contract negotiations; and providing counsel to executive management, compliance and operational heads on regulatory developments and implementation. The ideal candidate will have experience managing attorneys and be comfortable and capable of working with all levels of a large financial institution. Ideally, candidates will also have experience in handling legal issues raised by sales of insurance-related investment products and related referral arrangements.
Preferred Skills:
J.D.; state bar membership (NY preferred).
12+ years of experience with a large financial services company and/or in-house legal department.
Experience managing attorneys/staff.
Experience with broker-dealer/investment adviser issues including regulatory matters, products, operations, distribution, administration and compliance.
A thorough understanding of the FINRA rules applicable to introducing broker-dealers, including the ability provide legal guidance on matters such as licensing/registration, sales practices, marketing materials and net capital rules.
Experience dealing with FINRA, SEC and other regulatory examinations and inquiries.
Contract drafting and negotiating experience; strong writing skills and attention to detail.
Excellent communication and interpersonal skills.
Can effectively partner with and provide strategic legal advice to senior business leaders, legal colleagues, compliance, audit, administrative management, and operations regarding regulated activities. Such interaction would include handling corporate governance matters.
Has strong analytical skills and systematic thought process.
Demonstrates solid judgment in evaluating complex legal and business issues; knows when and how to effectively escalate and articulate regulatory issues.
Able to prioritize and manage projects in a fast-paced work environment, and work effectively with colleagues on matters crossing business and functional lines. Should be a relationship builder and team player who can establish trust and credibility across the organization, work well with internal and external constituencies, and effectively direct and manage external legal support.
Able to assist compliance in developing compliance policies and procedures.
Ideally would have experience with state and federal insurance sales issues.
Qualifications
Advanced Legal Degree and 10+ years of experience in the the Legal industry.
Primary Location: United States-USA-NY-New York
Internal Jobcode: 11500
Job: Legal
Organization: Legal Department-HR06021
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