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- Tasks: Advise on legal matters in asset servicing, draft contracts, and collaborate with teams.
- Company: Join BNY Mellon, a global leader in financial services, shaping the world's financial landscape.
- Benefits: Enjoy competitive pay, flexible resources, generous leave, and a focus on wellbeing.
- Why this job: Be part of an innovative culture that values diversity and makes a real-world impact.
- Qualifications: Qualified Solicitor or Barrister with 3-8 years PQE, preferably in financial services.
- Other info: Work in London or Manchester as part of a supportive EMEA Legal team.
The predicted salary is between 43200 - 72000 ÂŁ per year.
At BNY, our culture empowers you to grow and succeed. As a leading global financial services company at the center of the world's financial system, we touch nearly 20% of the world's investible assets. Every day around the globe, our 50,000+ employees bring the power of their perspective to the table to create solutions with our clients that benefit businesses, communities, and people everywhere. We continue to be a leader in the industry, awarded as a top home for innovators and for creating an inclusive workplace. Through our unique ideas and talents, together we help make money work for the world.
We are looking for a self-starter to serve as Counsel to the Asset Servicing ("AS") business. Our core AS business includes: trust and safekeeping, portfolio and fund accounting, global custody, middle-office outsourcing, transfer agency, sub-accounting, cash management and security movement, participant services, securities lending, foreign exchange, hedge fund administration, performance measurement and analytics, clearing services, online information delivery, and support services for internal investment management.
This role is located in London or Manchester and is part of the EMEA Legal team. The candidate who fills this role will be expected to contribute as part of a larger team and to independently advise the business. Experience of and/or interest in fund management, financial institutions practice, technology, digital assets (e.g. cryptocurrencies and tokenized assets), and/or data and analytics, is helpful but not required. This position will require the individual to draft and negotiate a variety of contracts and other related agreements, supported by the wider AS Legal team. The successful candidate will also work closely with business colleagues in evaluating and supporting the implementation of new technologies and business strategies.
In this role, you’ll make an impact in the following ways:
- Function as a trusted advisor using knowledge of BNY Mellon’s businesses, products, services and/or strategies to articulate and advance legal positions.
- Demonstrate the ability to handle a broad portfolio of legal issues.
- Work collaboratively, seeking guidance and input from colleagues throughout the organization to ensure legal solutions align to business strategies.
- Partner with colleagues who also serve in an advisory or oversight capacity, such as those in Risk, Audit, Compliance, etc.
- Manage outside counsel, reviewing work for appropriateness, quality and alignment to expectations.
- Develop a broad understanding of BNY products and services.
To be successful in this role, we’re seeking the following:
- A qualified Solicitor or Barrister currently licensed to practice in England & Wales with ideally 3-8 years PQE, relevant experience gained from a leading law firm.
- Prior corporate legal experience within the fund management and/or financial services industry or comparable law firm experience preferred.
- Transactional experience and contract drafting and negotiation strongly desired.
- Experience of outsourcing, custody, cross-border activities and/or MiFID is desirable.
At BNY, our culture speaks for itself. Here’s a few of our awards: America’s Most Innovative Companies, Fortune, 2024 World’s Most Admired Companies, Fortune 2024 Human Rights Campaign Foundation, Corporate Equality Index, 100% score, 2023-2024 Best Places to Work for Disability Inclusion, Disability: IN - 100% score, 2023-2024 “Most Just Companies”, Just Capital and CNBC, 2024 Dow Jones Sustainability Indices, Top performing company for Sustainability, 2024 Bloomberg’s Gender Equality Index (GEI), 2023.
Our Benefits and Rewards: BNY offers highly competitive compensation, benefits, and wellbeing programs rooted in a strong culture of excellence and our pay-for-performance philosophy. We provide access to flexible global resources and tools for your life’s journey. Focus on your health, foster your personal resilience, and reach your financial goals as a valued member of our team, along with generous paid leaves, including paid volunteer time, that can support you and your family through moments that matter.
BNY is an Equal Employment Opportunity/Affirmative Action Employer - Underrepresented racial and ethnic groups/Females/Individuals with Disabilities/Protected Veterans.
Counsel - Asset Servicing employer: BNY
Contact Detail:
BNY Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Counsel - Asset Servicing
✨Tip Number 1
Familiarise yourself with BNY Mellon's core services and products, especially in asset servicing. Understanding their offerings will help you articulate how your legal expertise can support their business strategies during interviews.
✨Tip Number 2
Network with professionals in the financial services and legal sectors. Attend industry events or webinars to connect with current employees at BNY Mellon, as personal referrals can significantly boost your chances of landing an interview.
✨Tip Number 3
Stay updated on trends in fund management, digital assets, and regulatory changes affecting the financial sector. Demonstrating your knowledge of these areas can set you apart as a candidate who is proactive and well-informed.
✨Tip Number 4
Prepare to discuss your experience with contract drafting and negotiation in detail. Be ready to provide examples of how you've successfully navigated complex legal issues, as this will be crucial for the role of Counsel in Asset Servicing.
We think you need these skills to ace Counsel - Asset Servicing
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in corporate law, particularly in fund management and financial services. Emphasise your transactional experience and any contract drafting skills, as these are crucial for the role.
Craft a Strong Cover Letter: In your cover letter, express your enthusiasm for the position and the company. Mention specific aspects of BNY's culture and values that resonate with you, and explain how your background aligns with their needs, especially in relation to asset servicing.
Showcase Relevant Skills: Highlight any experience you have with technology, digital assets, or data analytics in your application. This will demonstrate your ability to adapt to new business strategies and technologies, which is important for the role.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any errors or typos. A polished application reflects your attention to detail, which is essential in a legal role.
How to prepare for a job interview at BNY
✨Understand the Role and Responsibilities
Before the interview, make sure you thoroughly understand the role of Counsel in Asset Servicing. Familiarise yourself with BNY's services and how they relate to legal issues. This will help you articulate your understanding and show your genuine interest in the position.
✨Prepare for Technical Questions
Given the nature of the role, be ready to discuss your experience with contract drafting, negotiation, and any relevant transactional work. Brush up on key legal concepts related to fund management and financial services, as these may come up during the interview.
✨Showcase Your Collaborative Skills
BNY values teamwork and collaboration. Be prepared to share examples of how you've worked effectively with colleagues from different departments, such as Risk or Compliance, to achieve common goals. Highlighting your ability to partner with others will demonstrate that you fit well within their culture.
✨Express Your Interest in Technology and Innovation
Since the role involves evaluating new technologies and business strategies, express your interest in digital assets and technology trends in the financial sector. Discuss any relevant experiences or knowledge you have in this area to show that you're forward-thinking and adaptable.
