Director, Managing Counsel- Investment Management - BNY Mellon

Overview

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 Director, Managing Counsel This role is located in Boston, Lake Mary or Pittsburgh- Hybrid

This role will provide day-to-day legal support for BNY Advisors, Inc., a registered investment adviser that provides, among other services, OCIO (discretionary) / OIO (non-discretionary) services and customized portfolio management in support of endowments, foundations, retirement plans, family offices, governments and financial intermediaries.

This attorney will be part of a larger team of legal professionals in support BNY Investment’s other investment management affiliates and related businesses globally.  The ideal candidate will have a good working knowledge of laws and regulations in the field of investment management, practical expertise of negotiating investment advisory contracts as well as broader regulatory and/or investment advisory experience.

• Day-to-day legal support to BNY Advisors
• Advise on varied and potentially complex legal and regulatory matters relating to distribution and provision of investment advisory services.
• Negotiate and draft OCIO/OIO agreements and other investment advisory agreements with clients.
• Work with Compliance teams in interpreting and applying investment advisory rules, as well as international regulations, to the business; and in creating the investment firms’ policies and procedures.
• Serve as a point person for the Legal Department on key initiatives. This will at times include coordinating with global colleagues and other stakeholders on time sensitive matters.
• Lead in providing proactive and pragmatic advice and guidance in the development of new product/service initiatives.

• JD and licensed to practice in MA,NY, FL or PA.
• 10+ years of relevant experience. 
• Strong written and oral communication skills. Ability to interact with senior decision makers. 
• Critical analytical skills and ability to bring a holistic perspective to businesses that operate in a multi-faceted and changing legal/regulatory environment. 
• Deep knowledge of Investment Advisers Act of 1940, Investment Company Act of 1940, Securities Act of 1933 and FINRA rules & guidance, with particular emphasis on areas impacting marketing and distribution of securities and investment advisory products and services (e.g., FINRA Rule 2210; SEC Marketing Rule; Form CRS and Regulation Best Interest). 
• Experience in managing individuals and leading legal coverage for a function.
• Ability to deal with a varied workload in a fast-paced environment. Must be able to prioritize matters and be adaptable.
• Ability to build relationships with a variety of different internal clients.
• Pragmatic, someone who looks for solutions rather than obstacles. The legal team is seen as a business partner and the successful candidate will be someone who is comfortable relating to and dealing with business colleagues as the role will involve frequent interaction with business colleagues.
• Ability to identify and manage legal risks.
• A clear communicator, concise and able to deliver legal advice in layman’s terms.
• A team player. The ability to work harmoniously and responsively with one’s colleagues and clients is an essential pre-requisite for the role.
• Enthusiastic, with a desire to develop one’s career in one of the world’s largest investment management businesses.

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.

 

Employer Description:

For over 230 years, the people of BNY Mellon have been at the forefront of finance, expanding the financial markets while supporting investors throughout the investment lifecycle. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments and safeguards nearly one-fifth of the world's financial assets. BNY Mellon remains one of the safest, most trusted and admired companies. Every day our employees make their mark by helping clients better manage and service their financial assets around the world. Whether providing financial services for institutions, corporations or individual investors, clients count on the people of BNY Mellon across time zones and in 35 countries and more than 100 markets. It's the collective ambition, innovative thinking and exceptionally focused client service paired with a commitment to doing what is right that continues to set us apart. Make your mark: bnymellon.com/careers.

EEO Statement:

BNY Mellon is an Equal Employment Opportunity/Affirmative Action Employer. Minorities/Females/Individuals With Disabilities/Protected Veterans. Our ambition is to build the best global team – one that is representative and inclusive of the diverse talent, clients and communities we work with and serve – and to empower our team to do their best work. We support wellbeing and a balanced life, and offer a range of family-friendly, inclusive employment policies and employee forums.