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- Tasks: Advise on legal matters in asset servicing, draft contracts, and collaborate with teams.
- Company: Join BNY, a global leader in financial services, impacting 20% of the world's investable assets.
- 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 fund management or 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 tocreate 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. This is what #LifeAtBNY is all about.
We are looking for 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.
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Counsel - Asset Servicing employer: BNY Mellon
Contact Detail:
BNY Mellon 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 current or former employees of BNY Mellon, particularly those in the legal or asset servicing departments. They can provide valuable insights into the company culture and expectations for the Counsel role.
✨Tip Number 3
Stay updated on trends in fund management and financial services, especially regarding digital assets and technology. Demonstrating knowledge in these areas can set you apart as a candidate who is forward-thinking and aligned with BNY's innovative culture.
✨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 in showcasing your fit for the role.
We think you need these skills to ace Counsel - Asset Servicing
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities and requirements of the Counsel position in Asset Servicing. Familiarise yourself with BNY's services and how they relate to legal practices.
Tailor Your CV: Highlight your relevant experience, especially in fund management, financial services, or corporate law. Emphasise your skills in contract drafting and negotiation, as well as any experience with outsourcing or cross-border activities.
Craft a Compelling Cover Letter: Use your cover letter to showcase your passion for the role and the company. Mention specific experiences that align with BNY's needs and culture, and explain how you can contribute to their Asset Servicing team.
Proofread Your Application: Ensure that your CV and cover letter are free from errors. A polished application reflects your attention to detail, which is crucial for a legal role. Consider asking a friend or colleague to review your documents before submission.
How to prepare for a job interview at BNY Mellon
✨Understand the Business
Before your interview, take the time to research BNY Mellon’s Asset Servicing business. Familiarise yourself with their core services like trust and safekeeping, portfolio accounting, and global custody. This knowledge will help you articulate how your skills can contribute to their operations.
✨Showcase Relevant Experience
Highlight any experience you have in fund management or financial services during the interview. If you have transactional experience or have worked on contract drafting and negotiation, be sure to discuss specific examples that demonstrate your expertise.
✨Demonstrate Collaborative Skills
BNY values teamwork, so be prepared to discuss how you’ve successfully collaborated with colleagues in previous roles. Share examples of how you’ve partnered with other departments, such as Risk or Compliance, to achieve common goals.
✨Ask Insightful Questions
Prepare thoughtful questions about the role and the company culture. Inquire about how the legal team interacts with other business units or what challenges they currently face in the Asset Servicing sector. This shows your genuine interest and helps you assess if it’s the right fit for you.
