BNY Mellon Careers
Team Description: (Overview of the team)
The EMEA Legal Asset Servicing team provides legal services to the EMEA Asset Servicing (“AS”) line of business. The main EMEA Legal Asset Servicing is based in London but works closely with colleagues in Dublin, Brussels, Frankfurt, Luxembourg, and Amsterdam. The team also liaises with colleagues in the United States and APAC region on the business lines it supports but also on network arrangements.
In particular the team is responsible for:
- Advising on law and regulation in the UK. Obtaining advice on law and regulation from EMEA legal colleagues;
- Preparation and maintenance to all contract templates, including ensuring that templates remain compliant with local law and regulation;
- Contract negotiation, and legal sign off;
- Advising on risk, commercial and other aspects of service provision and contractual arrangements;
- Liaising with non – LoB teams on legal matters, including working with the Litigation team and OPPRA; and
- Provide members to LoB risk committees, business acceptance committees, regulatory committees and other governance bodies
Job Purpose: (What the job role involves)
The overall purpose of the role will be to provide legal support to the EMEA Asset Servicing legal team, in particular to liaise with key client onboarding teams, drafting and maintaining legal templates, legal research, developing team know-how and data bases, monitoring regulatory developments, interfacing with risk, credit and compliance on client-facing matters and playing a leading role on special projects and regulatory initiatives.
Responsibilities: (Key parts to the job role)
- To prepare summaries, briefing papers and presentation materials with respect to key legal or regulatory developments which directly impact on the asset servicing legal teams either in London or more broadly (if relevant).
- Where necessary, to liaise with other legal teams, globally, to ensure consistency in template development and a seamless approach to regulatory implementation.
- To participate in enterprise-wide regulatory and business projects and, where relevant, take the lead on certain aspects of the same.
- To take a leading role with certain key clients acting as the legal interface for onboarding, credit, risk and compliance.
- Managing internal template databases including periodic reviews.
- To contribute to enhancing internal documentation/know-how databases and where necessary to edify other legal teams on the same.
- To represent the legal team on specific issues at local business acceptance and risk committees.
- To ensure continuing compliance with established legal practices and procedures for document issuance, development and execution.
- Overtime, to become a trusted advisor to the business and to be able to exercise some independent judgment on complex legal matters.
Requirements; (what we are looking for)
The successful candidate will have been an experienced paralegal with relevant experience from an in-house corporate or law firm setting. You will also have, but not limited to:
- Knowledge and understanding of English law principles of legislation and regulation and good knowledge of EU regulatory and legislative processes.
- Ability to draft effective communications.
- Knowledge of legal principles and process of legal research.
- Experience and interest in financial services sector and general UK/European financial services regulatory framework.
- A relevant paralegal or legal qualification / degree, or equivalent experience.
- To find solutions by investigating the factual and legal issues, analysing problems and communicating the results of any research to clients.
Nature & Area of impact:
- Practical and commercial approach and an appreciation of the need to provide practical solutions for clients.
Interaction / Interpersonal skills:
- Excellent communication skills.
- Excellent organisation and project planning skills.
- Strong analytical skills and attention to detail.
- Demonstrated initiative and high quality work standards are essential.
- Willingness to learn and cultivate good working relationships with clients.
- Ability to work independently and as a member of a team.
- Proven ability to handle multi-tasks and work effectively in time pressured situations.
- Ability to prioritise and work to deadlines.
- IT Skills: MS Office, including Excel and PowerPoint.
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 & 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.
As part one of the safest and most trusted financial institutions, the BNY Mellon Legal department mitigates risk and handles legal affairs to ensure the security of the company and its clients. BNY Mellon's Legal Department, has overall responsibility for government affairs and advises on advocacy and policy initiatives of the company to support BNY Mellon's domestic and international operations, and they also support all bank regulatory and supervisory issues.
BNY Mellon is an Equal Employment Opportunity Employer.
Primary Location: United Kingdom-Greater London-London
Internal Jobcode: 85106
Organization: Legal Affairs-HR06241
Requisition Number: 1809734