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
Organization: Legal Affairs-HR06241
Requisition Number: 1907935