Managing Counsel - FX & Derivatives

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

Qualifications

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