Managing Counsel -Regulation, Supervision & Corporate Affairs (Hybrid)
Company: Bank of New York Mellon
Location: New York
Posted on: September 19, 2023
Director and Managing Counsel, Regulation, Supervision and
This attorney will be a key component of the Legal Department's
Regulation, Supervision and Corporate Affairs division, focusing on
advising the firm's global finance and risk functions.
Responsibilities will include capital, liquidity, and funding
issues, capital planning, stress-testing, external disclosure, and
liquidity risk management. Other responsibilities will include
assisting in the development of new products and services,
Dodd-Frank compliance, advising the firm's securities investment
portfolio, as well as regulatory and supervisory advocacy efforts.
This attorney will work closely with BNY Mellon's Corporate
Treasury division, Portfolio Management Group, Controllers group,
Regulatory Reporting, Capital Adequacy & Stress-Testing, Government
Affairs, Risk and Compliance, and other control functions, as well
as the in-house legal team to identify and manage key regulatory
issues related to the conduct of BNY Mellon businesses affecting
the firm's finance and risk units and to develop strategies to
implement changes as required by regulatory developments. This
position will report to the Senior Managing Counsel & Director in
the Legal Department's New York, New York office responsible for
enterprise-wide finance and risk functions.
Key responsibilities include but are not limited to:
- Participate in firm-wide and business centered stress-testing
initiatives, including yearly CCAR preparation and submission and
DFAST stress-testing exercises.
- Helping the organization's Compliance team, Corporate Treasury
function, and various business units comply with the Volcker
- Advise on regulatory capital and liquidity
- Serve as a legal advisor to Corporate Treasury's business
units, including the corporate investments portfolio,
asset-liability management, internal business combination
transactions, capital actions, and corporate funding.
- Advise business units and centralized control functions in
responding to regulatory and supervisory examinations, and in
shaping the firm's supervisory relationships.
- "Connecting the dots" to identify emerging supervisory trends
and ensuring that these are considered in broader advocacy
- Managing and leading company responses to supervisory and
enforcement actions and advising on remedial action plans.
Qualifications - External
Advanced Legal Degree or local country equivalent degree usually
required. Progression to this level usually requires
licensure/certification by the local country or jurisdiction. In
some jurisdictions, may not require licensure or certification for
placement in the role; in others, licensure/certification is
5-8 years minimum of total work experience as a qualified attorney
is preferred. Prior corporate legal experience within the financial
services industry, governmental agencies responsible for financial
regulation and/or supervision, or experience in assigned practice
area (e.g., securities, employment, etc.) with an outside law firm
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.
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.
Keywords: Bank of New York Mellon, New York , Managing Counsel -Regulation, Supervision & Corporate Affairs (Hybrid), Legal , New York, New York
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