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- Tasks: Negotiate vendor contracts and support governance programs in a dynamic legal environment.
- Company: Join BNY, a leading global financial services company impacting 20% of the world's investible assets.
- Benefits: Enjoy competitive pay, flexible resources, generous paid leave, and a focus on wellbeing.
- Why this job: Be part of an innovative team in a culture that values diversity and social impact.
- Qualifications: Legal degree with experience in software licensing and vendor management; strong communication skills required.
- Other info: Located in Manchester, UK, with opportunities for growth in a supportive environment.
The predicted salary is between 43200 - 72000 £ per year.
At BNY, our culture empowers you to grow and succeed. As a leading global financial services company at the centre 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're seeking a future team member for the role of Counsel - Third Party Governance to join our Legal team. This role is located in Manchester, UK.
In this role, you'll make an impact in the following ways:
- This position will engage in negotiations of vendor contracts focusing primarily on technology procurement (e.g. software development, licensing and maintenance agreements, application hosting agreements, outsourcing agreements, and hardware leasing and purchase agreements) as well as agreements for procurement of other goods and services including consulting services, business process outsourcing, and information technology-related services.
- This position will also support and advise the firm's Enterprise Sourcing Office to maintain, enhance, and execute a robust governance program that complies with all applicable global regulations and the firm's risk appetite.
- This includes keeping up to date on the latest regulatory developments in the fields of vendor management and third-party governance, guiding the implementation of changes necessary to comply with regulatory changes, advising Line of Business attorneys in client contract negotiations, and assistance in preparations for discussions with and examinations by regulatory agencies.
To be successful in this role, we're seeking the following:
- Legal Degree and a number of years' experience in Legal practice focusing on negotiating software licensing and development contracts, technology and business outsourcing transactions, including at least 3 years' experience at a law firm or in-house legal department. In-house experience at a financial institution is a plus.
- Experience with vendor management and third-party governance.
- Demonstrable ability to quickly analyse problems and to devise and deliver appropriate solutions.
- Knowledge of regulatory requirements and guidance on outsourcing and other third-party relationships (e.g., EBA, ESMA, FCA/PRA, DORA, MAS, HKMA).
- Knowledge of global privacy laws (e.g., GDPR, GLBA, CCPA) is a plus.
- Ability to handle and prioritise multiple tasks to deliver timely, excellent work product in a pressurised environment.
- Ability to interact effectively with and guide clients and legal counsel.
- Excellent written and oral communication skills.
- Experience with contract lifecycle management tools is a plus.
- Creative thinker with a high degree of self-motivation and ability to work both independently and as part of a global team.
At BNY, our culture speaks for itself. Here are 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 - Third Party Governance employer: BNY Mellon
Contact Detail:
BNY Mellon Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Counsel - Third Party Governance
✨Tip Number 1
Familiarise yourself with the latest regulatory developments in vendor management and third-party governance. This knowledge will not only help you stand out during interviews but also demonstrate your commitment to staying updated in a rapidly changing field.
✨Tip Number 2
Network with professionals in the legal and financial sectors, especially those who have experience in technology procurement and vendor management. Engaging in conversations with these individuals can provide valuable insights and potentially lead to referrals.
✨Tip Number 3
Showcase your problem-solving skills by preparing examples of how you've successfully navigated complex contract negotiations or compliance issues in the past. Being able to articulate these experiences clearly will make a strong impression during discussions.
✨Tip Number 4
Research BNY's culture and values thoroughly. Understanding their commitment to innovation and inclusivity will allow you to tailor your conversations and demonstrate how your personal values align with theirs, making you a more attractive candidate.
We think you need these skills to ace Counsel - Third Party Governance
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities of the Counsel - Third Party Governance position. Familiarise yourself with vendor contracts, technology procurement, and regulatory requirements relevant to the role.
Tailor Your CV: Highlight your legal experience, especially in negotiating software licensing and development contracts. Emphasise any in-house experience at financial institutions and your familiarity with vendor management and third-party governance.
Craft a Compelling Cover Letter: Use your cover letter to showcase your understanding of the regulatory landscape and your ability to analyse problems and deliver solutions. Mention specific examples from your past experience that demonstrate your skills and achievements relevant to the role.
Proofread Your Application: Ensure that your CV and cover letter are free from errors. A polished application reflects your attention to detail and professionalism, which are crucial for a legal role.
How to prepare for a job interview at BNY Mellon
✨Know Your Legal Stuff
Make sure you're well-versed in the latest regulatory developments related to vendor management and third-party governance. Brush up on your knowledge of global privacy laws like GDPR and CCPA, as these will likely come up during the interview.
✨Showcase Your Negotiation Skills
Prepare examples of past negotiations you've handled, especially those involving technology procurement or outsourcing agreements. Be ready to discuss your approach and how you achieved successful outcomes.
✨Demonstrate Problem-Solving Abilities
Think of specific instances where you've quickly analysed a problem and delivered a solution. This role requires a creative thinker, so highlight your ability to think on your feet and adapt to changing circumstances.
✨Communicate Effectively
Since this position involves guiding clients and legal counsel, practice articulating your thoughts clearly and concisely. Good written and oral communication skills are essential, so consider preparing a few key points to convey your ideas effectively.
