Managing Counsel - FX & Derivatives

Job Description

FX & Derivatives Attorney – Managing Counsel (NY)


Experienced attorney dedicated to supporting the FX & Derivatives business, which is part of BNY Mellon’s Markets business. The attorney will be primarily responsible for supporting the FX & Derivatives desks, and providing legal and regulatory advice and support with respect to Dodd-Frank, CFTC and SEC regulations applicable to derivatives and FX products. BNY Mellon is registered as a swap dealer with the CFTC and is a member of the NFA.


Key Responsibilities Include:


  • Assist the FX & Derivatives business in providing legal and regulatory advice, and work on global projects to support the swap dealer activities

  • Work closely with Compliance (including the CCO for the swap dealer), Credit and Risk partners and other internal lawyers

  • Monitor, interpret and communicate developing derivatives-related regulations and their application to the FX & Derivatives business

  • Monitor and advise on developments regarding SEC securities swap dealer registration rules and requirements

  • Assist with departmental projects, such as compliance with the initial margin rules, netting and collateral enforceability, QFC Stay Rules, LIBOR fallbacks, etc.

  • Review and draft policies and procedures for the FX & Derivatives business

  • As needed, review and negotiate legal contracts, such as ISDA Master Agreements, Credit Support Annexes, long-form confirmation for various derivatives and FX products

  • Participate in industry advocacy as part of relevant industry groups, including ISDA, SIFMA and FIA



Required Skills, Knowledge and Experience:


  • Law degree (J.D.) and licensed to practice law in New York

  • Minimum 10 years of experience at a law firm and/or large financial institution dealing with derivatives (including OTC derivatives, futures, options); some CFTC experience preferred

  • Experience with Dodd-Frank Act, Commodity Exchange Act, Securities Act of 1933, CFTC regulations,  and NFA rules is required

  • Experience with ISDA Master Agreements, CSAs and other industry standard trading agreements

  • Knowledge of current regulatory issues impacting the derivatives industry, including the Basel III Rules, QFC Stay Rules & ISDA Stay Protocol, LIBOR transition etc.

  • Excellent verbal and written communication skills and the ability to interact professionally with a diverse group of executives, managers, and subject matter experts

  • Solid quantitative and qualitative analysis skills

  • Detail oriented, with ability to multi-task and prioritize to meet deadlines

  • Successfully engages in multiple initiatives simultaneously

  • The ability to be a proactive, dynamic member of a team

BNY Mellon is an Equal Employment Opportunity/Affirmative Action Employer.
Minorities/Females/Individuals With Disabilities/Protected Veterans.

Primary Location: United States-New York-New York
Internal Jobcode: 85116
Job: Legal
Organization: Legal Affairs-HR06241
Requisition Number: 1907935