Managing Counsel- PAS

Job Description





Pershing LLC is seeking a Director, Managing Counsel to support its Pershing Advisor Solutions LLC (“PAS”) broker-dealer based in Jersey City, New Jersey.  This individual should have excellent leadership, analytical, interpersonal, communication and negotiation skills, and should be able to prioritize job functions and when needed supervise lawyers and paralegals effectively.  The Director, Managing Counsel for PAS will manage and negotiate complex client agreements for PAS, focused on delivering expert bank and brokerage custody services to Registered Investment Advisers, Wealth Managers and Banks and their clients.  Serves as a key adviser on the legal department’s leadership team influencing regulatory risk management policy and direction at the firm.


Provides business management and associates with thoughtful, comprehensive legal advice and guidance in a fast-paced business environment subject to ever-changing regulatory expectations.  Keeps fully informed on legislation / regulation affecting PAS’ operations to better assist and counsel in decision-making.  An ideal candidate has in-house counsel experience in securities law with expertise in the Investment Advisers Act of 1940 and knowledge of OCC rules and regulations applicable to asset custody and sub-custody issues.  A broad based financial services background is required; experience with a regulator would be an added bonus


Responsibilities:  


  • Collaborate with business unit senior management with respect to strategic issues.

  • Prepare, review and negotiate company contracts, requests for proposals and other legal documents.

  • Respond on a timely basis to day-to-day inquiries from business partners regarding court orders, assets distribution requests and account set-ups.

  • Assist business partners with ease of doing business for clients while minimizing risks to the enterprise.

  • Draft disclosures as needed, including conflicts of interest and others required by rule or regulation.

  • Provide leadership and direction on regulatory and ethical business conduct.

  • Serve as liaison with outside legal firms and monitor / evaluate their activities.

  • Educate business leaders and associates in emerging legal and regulatory best practices.



Qualifications

 

 

  • JD Degree and licensed to practice law in New York and/or New Jersey.

  • 8+ years of experience with a financial services firms, investment adviser, bank or regulatory agency preferred.

  • Excellent oral and written communications skills.  Strong presentation skills.

  • Strong interpersonal skills to influence and impact business decisions.

  • Knowledge of laws and regulations that affect securities clearing and bank and brokerage custody is strongly preferred.

  • Expert judgment and decision-making skills.

  • Self-starter / motivated / takes ownership

 

 

 


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


Primary Location: United States-New Jersey-Jersey City
Internal Jobcode: 85116
Job: Legal
Organization: Legal Affairs-HR06241
Requisition Number: 1910651